Industries

Industrials

US Steel Gets a Big Buyout, But Not Everyone’s a Fan

Photo by Roy Luck via CC BY 2.0

Once the world’s largest corporation, US Steel agreed to sell itself to Japan’s Nippon Steel for just over $14 billion in a deal.

2 min read

Photo by Chad Davis via CC BY 2.0

Media & Entertainment

Legendary Short Seller Sees DraftKings as a Betting Favorite

Jim Chanos admits he completely missed the point about sports gambling in America. Nobody cares how much they lose.

1 min read
Photo by Patrick Tomasso via Unsplash

Finance

Consumers Turn to Buy Now, Pay Later to Avoid Further Credit Damage

Many people are using buy now, pay later (BNPL) options to circumvent more rigid aspects of credit cards, The Wall Street Journal reported.

2 min read
Photo by Paolo V via CC BY 2.0

Economics

The Experience Economy is Thriving in the Post-Covid World

During the pandemic, consumers splurged on new cars, computers, and furniture, but the post-covid economy has seen a rise in spending on experiences,…

5 min read

Energy

OPEC+ Is Losing Market Share as Oil Demand Starts to Slip

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OPEC+ now controls just 51% of the global oil market, good for the smallest share since the group’s creation in 2016.

2 min read

Big Tech

Apple Faces EU Punishment for App Store ‘Bullying’

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The European Union is preparing to levy a hefty fine against Apple and ban some of its App Store practices, according to Bloomberg.

1 min read

M&A

Occidental Petroleum Makes a Play for the Permian Basin

Photo by David Thielen via Unsplash

Occidental Petroleum, the oil giant in Berkshire Hathaway’s portfolio, announced it is acquiring CrownRock in a deal worth $12 billion.

1 min read

Photo by Mika Baumeister via Unsplash

Media & Entertainment

Game Over: Can the Video Game Industry Pivot to Streaming?

The gaming industry is headed for a financial crunch, and Microsoft and others have adopted a winner-take-all strategy.

5 min read
Photo via Connor Lin / The Daily Upside

M&A

Cigna and Humana Call Off Their Merger

Following merger discussions two weeks ago, Humana and Cigna are walking away from what would’ve been the largest deal of the year.

1 min read
Photo by Artturi Jalli via Unsplash

Patent Drop

Boeing’s Patent Brings Explainable AI to Manufacturing

“We’re moving away from the black box,” said said Frederick Gertz, founder and CEO of enterprise AI company Collide Technology.

2 min read

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