Industries

Industries

Boeing Taps New CEO to Navigate Cloudy Skies, Multibillion-Dollar Losses

Photo by Sven Piper via Unsplash

Robert “Kelly” Ortberg, an industry veteran, will take over as Boeing’s CEO on Aug. 8, inheriting its financial woes.

2 min read

Photo by EEYAUT Waihung via CC BY-SA 4.0

Electric Vehicles

BYD Finds an American Friend in Uber

Uber announced a new partnership with BYD to get 100,000 of its drivers into the company’s electric vehicles.

1 min read
Photo by Robert Way via iStock

Artificial Intelligence

AI Search Startup Perplexity Launches Ad Revenue-Sharing Program

AI-powered search engine startup Perplexity announced a revenue-sharing program on Tuesday with a handful of media companies.

2 min read
Photo via Connor Lin / The Daily Upside

Consumer

Temu Faces a Supplier Revolt

Suppliers are upset Temu is swapping to a more Amazon-esque supplier model and trying to drive prices ever-downward.

2 min read

Markets

Energy Crisis Spurs Record Payout at Vitol Group

Photo by Colton Sturgeon via Unsplash

Vitol Group, the world’s largest independent oil trader, has paid around a record $6.4 billion in share buybacks to its employee-owners.

1 min read

Media & Entertainment

Universal Music Feels the Sting from Streaming Saturation

Photo by Paolo V via CC BY 2.0

Taylor Swift may be signed to the label, but Universal Music Group somehow can’t find a way to make its business work.

2 min read

Energy

Shell Backs Off Offshore Wind

Photo by Jesse De Meulenaere via Unsplash

Shell has started to shop around for buyers to offload its stake in an offshore wind project off the coast of Scotland.

1 min read

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