Big Lots Files for Bankruptcy, Plans Acquisition Amid Store Closures and Stock Plunge

September 10, 2024 Big Lots, the Ohio-based discount retailer, has announced plans to file for bankruptcy as it prepares to be acquired by Nexus Capital Management, a private equity firm…

As Hurricane Francien Targets Texas, Louisiana, and Mississippi, Energy Markets Brace for Impact

Hurricane Francien’s Path and Potential Impact Hurricane Francien, currently centered in the Gulf of Mexico, is forecasted to make landfall in Louisiana by Wednesday, September 11. With maximum sustained winds…

Boeing’s Struggles Deepen: Starliner’s Safe Landing Comes with a Cost

Boeing’s Starliner spacecraft recently returned safely to Earth after a mission to the International Space Station (ISS), but it did so without its crew. NASA astronauts Suni Williams and Butch…

Truth Social’s Stock Price Hits Further Lows as Trump Returns to X/Twitter

Truth Social (DJT), a social media platform linked to Donald Trump, saw its stock hit an all-time low. Several executives started selling their shares, which caused the stock to drop…

Volkswagen Factory Closures Considered in Germany: Stiff Chinese EV Competition

Volkswagen Considers Factory Closures Volkswagen is thinking about closing factories in Germany for the first time in its 87-year history. This decision comes as the company faces increased competition from…

Dollar General’s Stock Plummets: Blames “Financially Constrained” Customers

Dollar General’s Struggles Dollar General, a popular discount retailer, recently faced significant challenges that led to a sharp decline in its stock value. The company, which is known for serving…

Intel in Dangerous Territory, Stock Market Reacts

Tough Year for Intel Intel has had a difficult year, with its stock dropping by more than 56% so far. In August alone, shares fell by over 28%, despite a…

Goldman Sachs Layoffs: Plans to Cut Workforce by 4%, Impacting Up to 1,800 Employees

Goldman Sachs, a major global investment bank, is planning to lay off around 3% to 4% of its workforce, which could impact up to 1,800 employees. These layoffs are part…

Major Shareholder’s Decision Could Reshape Truth Social’s Future

Donald Trump, the former President of the United States, is once again at a crossroads, this time with his stake in Trump Media, the company behind the social media platform…

Nvidia’s Stock Takes a Hit: The Cost of Betting Big on AI

Nvidia’s (NVDA) boosters have long claimed that the AI revolution is just getting started. However, there is a growing concern in Big Tech about the vast amounts of money being…