Nestle To Boost Marketing Spend To 9% Following $2.8B Cost-Cutting Efforts
Nestle plans to cut costs by $2.8B, boost marketing to 9% of sales, and reorganize its water and beverage businesses by 2025 to recover financial losses.
Ben & Jerry's Sues Parent Company, Unilever, For Silencing Their Support Statements On Gaza
Ben & Jerry's sues Unilever, alleging censorship of its statements on Gaza, claiming violations of its independent board's rights and its social mission.
Jake Paul Vs. Mike Tyson Fight Reaches $17.8 Million Revenue; The Highest-Grossing Boxing Event Outside Las Vegas
Jake Paul's upcoming fight with Mike Tyson is set to break records for the biggest boxing gate outside Las Vegas, with over $17.8 million in revenue and massive global attention.
Trump's New Health Secretary, RFK Jr. Promises To Reform FDA And Clash With Big Pharma If Necessary
After dropping out of the presidential race, RFK Jr. vows to overhaul the FDA as Trump's Health Secretary, challenging Big Pharma's influence on public health policies.
Editor's Pick
Elon Musk Success Story: What He Did During His Teen Years That Made Him A Billionaire
Now known as the world's richest man, the success story of Elon Musk started earlier than most; during his teen years.
Titan Submersible Employee to Testify That the Submarine Is 'Unsafe' Prior to Fatal Titanic Mission
An employee who labeled OceanGate’s Titan submersible as ‘unsafe’ will testify before U.S. Coast Guard investigators, potentially impacting the company’s future operation.
Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Investors
Most Read
Regions
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
China has banned Taiwan’s fruit, seafood, and vegetables imports, escalating tensions over trade and military issues.
Global Stocks Drop as Japan's Nikkei Falls 13% and European Shares Hit Six-Month Lows
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
Scotland-England Electric Link to Power 2 Million Homes, Construction Starts 2028
Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.
ECB’s Interest Rates Remain Unchanged But May See Cuts in September
European Commission President Ursula von der Leyen Re-Elected to Second Term
Deals
Funding
Godmother of AI' Fe-Fei Li Secures $1B Valuation for New Startup, World Labs
Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.
Nvidia Rival Groq Raises $640 Million in a New Funding Round
Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.
Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds in Just 1 Day
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Tractor Drone Maker Monarch Reveals $133 Million Series C Funding
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
People
US Hacker Gets 5-Year Prison Sentence Over Record-Breaking $4.5 Billion Bitcoin Theft
A US hacker and his wife were convicted of laundering $4.5B in Bitcoin stolen from the 2016 Bitfinex hack, using fake identities, crypto swaps, and gold purchases.
Crypto CEO Released After $1M Ransom Payment; More Executives Face Rising Kidnapping Risks as Bitcoin Hits $76K
CEO Dean Skurka of WonderFi, Canada's largest crypto company, was kidnapped in Toronto on Wednesday with suspects demanding a 1 million Canadian dollar ransom.
Founder of TikTok's Parent Company Becomes China's Richest With $49.3 Billion Fortune
Zhang Yiming, founder of ByteDance, has become China's richest person with a net worth of $49.3 billion, surpassing former top spot holder Zhong Shanshan of Nongfu Spring.
