Harris Proposes Raising Corporate Tax Rates To 28%
Vice President Kamala Harris has proposed raising the corporate tax rate from 21% to 28% if she is elected the president of the United States of America in the 2024 presidential elections on November 5. This is her first major plan to raise revenues and finance her expensive presidential pursuits. Harris’s campaign spokesman, James Singer,…
John David
Red Drapes Closes On Paramount’s TV Studio As It Bows Out
The job cut fever is riding high, and many big companies are cutting their workforce to ensure a better and more efficient operational capability. Paramount is the next company to follow the suit. The media giant has announced that it will be closing down its television studio and, as a result, will lay off 15%…
Disney’s Massive Expansion Plan: Will It Make A Difference
Last year, Disney announced that it would be investing around $60 billion in expanding its theme parks and cruise business, double the amount that the company had previously invested in the last decade. This resulted in Disney’s share price dropping more than expected. According to sources, Wall Street wanted the specifics of the expansion, but…
New COO At Helm: Dan Govin Joins Sterling Construction
Sterling Infrastructure Inc. announced on Thursday that Dan Govin has been appointed as the company’s new COO. As the Chief Operating Officer, his job will revolve around executing Sterling’s strategic and operational activities. Dan is a pioneer in the field and brings 30 years of experience in operations and leadership to Sterling Infrastructure. Dan has…
After Revenue Numbers, Disney Faces a Bit of a Conundrum
After a long time, Disney returned to profitability in the third quarter of the financial year, thanks to its streaming business, which made money for the first time ever. The profitable quarter can also be attributed to the strong theatrical performance of their new movie, Inside Out 2. The operating income of Disney’s entertainment segment,…
Google In Big Trouble, Can’t Have Monopoly, Says Judge
A federal court judge has ruled against Google, claiming that the company has monopolized the global web search market. This decision threatens to disrupt one of the biggest companies the world has ever seen and other big techs in general. The judge said that Google pays big companies like Apple and Samsung to make Google…
A Major Setback For OpenAI: Co-Founder Leaves, Joins Rival
In a major setback, the American artificial intelligence research organization OpenAI has lost its Co-Founder, John Schulman. He said in a post on X that he would be leaving Microsoft-backed OpenAI for its rival and Amazon-backed company, Anthropic. This move to change companies came just three months after OpenAI shut down its super alignment team….
Musk Backed PAC Under Investigations By Michigan State
A political action committee or PAC backed by Tesla and SpaceX CEO Elon Musk is under investigation for possibly violating Michigan state laws, a spokesperson for the Michigan Secretary of State office said in a statement on Sunday. Musk had previously said that he does have a PAC, which is solely focused on supporting candidates,…
Chipmaking Giant Intel to Layoff 15% Of Total Workforce
Chipmaking giant and one of America’s biggest companies, Intel, has announced that it will lay off 15% of its workforce, about 15,000 employees, to drive a turnaround of its business to compete with other industry giants like Nvidia and AMD. The CEO of Intel Corp., Pat Gelsinger, sent a memo to his staff on Thursday…
Boeing to Get A New CEO to Pull Them Out of Crisis
Amid a crisis over quality, Boeing has announced its next CEO. On Wednesday, the company named aerospace veteran Kelly Ortberg their next CEO. Kelly is expected to turn around the planemaker in legal and regulatory problems, which has lost more than $1 billion. Ortberg will start his journey as the CEO of Boeing on 8…