Industries

Consumer

Iconic Luxury Retailer Saks Files for Bankruptcy amid Struggle with Merger Debt

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The company said Wednesday that it secured $1.75 billion in financing along with a new CEO to keep its store doors open.

2 min read

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Industries

Delta Touches Down on 2025 with a Focus on First Class

The airline saw premium revenues jump 9% last quarter to account for 43% of its total haul from passengers.

2 min read
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Technology

Wearable Wellness Devices Dominate CES as FDA Loosens Rules

Just last year, the FDA sent a warning letter to wellness wearable firm Whoop after it rolled out a feature to check users’ blood pressure.

1 min read
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Industrials

Caterpillar Gets Physical With Construction Site AI

Caterpillar’s not alone in transforming worksites: Deere & Co. showed off new equipment at CES this week, too.

1 min read

Healthcare

Asia Has Become ‘Epicenter’ of Prescription Drug Innovation: McKinsey

Photo via James Black/Icon Sportswire DHN/James Black/Icon Sportswire/Newscom

US firms are also staring down a multi-billion dollar patent cliff of their own, prompting a yearslong buying spree.

2 min read

Photo via Jakub Porzycki/ZUMAPRESS/Newscom

Hedge Funds

Activist Elliott’s Citgo Deal May Deliver a Windfall in Wake of Maduro’s Ouster

Since the 1980s, Citgo Petroleum has operated as the US-based subsidiary of Venezuela’s state-owned oil and gas company.

2 min read
Photo via Michele Eve Sandberg/Sipa USA/Newscom

Energy

Markets Shrug Off Shift in Venezuelan Oil Industry’s Prospects

Venezuela’s 303 billion barrels worth of oil reserves are estimated to be about a fifth of the world’s total.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by SYSPEO/SIPA/Newscom and Frentusha via iStock

Autos

SpaceX, Private Ventures Fuel Elon Musk’s Trillion-Dollar Dreams

Tesla’s sleek cars and futuristic trucks have defined Elon Musk’s public image, but SpaceX is the real engine behind his growing net worth.

5 min read

Consumer

Vice Stocks Enter ’26 With a Harsh Hangover

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It’s easy to see how investors in vice stocks could develop a severe case of the spins from 2025 since their performance was rarely in sync.

1 min read

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Media & Entertainment

Is the Great Live Sports Bet Paying Off?

The biggest wagers in the world of sports haven’t been placed on games via FanDuel or DraftKings but on media broadcast rights.

2 min read
Photo via David Smith/Cal Sport Media/Newscom

Media & Entertainment

Prediction Markets Fuel Gambling Gold Rush

Prediction markets may prove to be an even more lucrative opportunity than sports betting as Americans’ interest in wagers grows.

2 min read
Photo by Getty Images via Unsplash

Electric Vehicles

EV Sales Stall as Buyers Shift to Hybrids

The last three months of 2025 are only the start of a downturn for EV sales: The pace is expected to keep slowing next year.

2 min read

Big Tech

Robotaxis Break Through Rider Resistance as Operators Vie for Dominance

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Despite initial concern from motorists, robotaxi services are finding plenty of passengers as they expand across the country.

2 min read

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