Citigroup is working to reduce its workforce by about 20,000, according to reports. The company plans to eliminate roughly 10% of its workforce by the end of 2026, The Wall Street Journal reported....
Protests Target Balenciaga in Dallas
Amidst the ongoing controversy surrounding fashion line Balenciaga's use of children in a sexualized photo shoot, protestors in Dallas hung a banner blocking the entrance to the store's NorthPark...
JCPenney Plans New Local HQ
Department store retailer JCPenney is moving ahead with its plans for a Plano-located headquarters. This May, JCPenney announced to its employees the plan to move its headquarters back to the Plano...
Florida Pulls $2B from BlackRock
Florida has officially announced that $2 billion in state investments currently under management by BlackRock will be divested due to the firm’s strict adherence to Environmental, Social, and...
Raytheon Gets $1.2B Ukraine Contract
Raytheon Co. has secured a $1.2 billion contract from the U.S. Army to help bolster Ukraine's air defense systems, according to a news release. The Raytheon contract provides for procuring six...
Kroger-Albertsons Merger Raises Concern
A proposed merger between retail giants Kroger Co. and Albertsons Cos. Inc. has sparked scrutiny by congressional leaders over the potential for anticompetitive behavior. The Senate Judiciary...
New PGA Resort Coming Soon
The new Omni PGA Frisco Resort will house more than two new championship golf courses. The resort, the largest currently under construction in the country, seeks to create an entertainment district...
DFW Firms Among Largest Private Companies
Forbes ranked North Texas as home to some of the largest private firms in 2022. More than 10 North Texas companies made it into Forbes’ 2022 list of the U.S.’s largest private companies. The...
Musk Targets Apple Over App Moderation
Twitter Inc.'s new owner Elon Musk has publicly taken on Apple Inc. and its app store, setting the stage for a potential confrontation between the world's richest man and the world's most valuable...
Musk Celebrates New Tesla Semi-Truck
Elon Musk announced that Tesla has delivered the first electric semi-truck to Pepsi Co. “Sorry for the delay,” Musk told a group of onlookers at Tesla’s production facility in Sparks, Nevada, on...
McDonald’s Launching Local Test Restaurant
McDonald's will be launching a new test restaurant in Fort Worth that will be focused on providing efficient take-out services rather than dine-in. The first-of-its-kind restaurant will be equipped...
Musk Says Neuralink Human Trials Coming
Elon Musk has confirmed that Neuralink devices are close to being ready for human hosting. Elon Musk hosted a Neuralink Show and Tell Event on November 30 at the neurotechnology company's...
FTX Contagion Spreads to Crypto Lender BlockFi
The fallout from the downfall of FTX continues, with cryptocurrency lender and financial services firm BlockFi filing for bankruptcy on November 28. During the summer, BlockFi obtained a $400...
Alex Jones Files for Bankruptcy
Alex Jones filed for Chapter 11 bankruptcy in Houston, three weeks after a judge ordered the InfoWars founder to pay another $473 million in Sandy Hook judgments. The sum comprises $150 million in...
Credit Suisse Projects $1.6B Q4 Loss
Credit Suisse saw its share price drop 5% on November 23 following news that the investment bank would bleed roughly $1.6 billion in the fourth quarter. Between September 30 and November 11,...
Programmer Sues over AI that Writes Its Own Code
In June, Microsoft released a new artificial intelligence (AI) technology capable of generating its own computer code. The technology, called Copilot, speeds the work of professional programmers by...
Twitter Loses 50 Top Advertisers Since Musk’s Takeover
Since Musk's takeover of Twitter, the social media platform has lost 50 of its top 100 advertisers. Media Matters for America reported that the 50 advertisers who left had collectively spent almost...
Musk Suggests Partisan Bias at Play as Apple Threatens to Deplatform Twitter
As Elon Musk continues his overhaul of newly-acquired Twitter, the tech billionaire claims that Apple has threatened to deplatform the social media company from its App Store without explanation....
263,000 Jobs Added in November Employment Report
U.S. companies are presented by the U.S. Bureau of Labor Statistics (BLS) as having demonstrated economic resilience in November, reportedly adding more than 250,000 jobs and delivering higher...
Fort Worth Star-Telegram Workers Strike
Union journalists from the Fort Worth newspaper went on strike this week, alleging unfair labor practices by the California-based parent company.
Looming Rail Strike Shifts Method of Semiconductor Transport
As a result of the looming rail strike threatening the U.S. economy, technology companies supplying critical semiconductor chips have begun transitioning shipments from railroads to trucks....