Yuheng Zhan
The Archive
Bed Bath & Beyond races to raise capital with bankruptcy filing likely in coming days
The company recently said it needed to generate $300 million from share sales by April 26 to stay out of bankruptcy.
Electric slide: Tesla cuts prices for fourth time this year ahead of Q1 results
The cheapest available Model Y Dual Motor now costs 29% less than it did in mid-January, at $46,990. Tesla's lowest-priced vehicle, the Model 3 “Rear-Wheel Drive,” is currently available for...
UPS starts contract negotiations with Teamsters Union
The national negotiations held in Washington, DC will likely bring out an update to the current contract that expires on July 31, mapping out the delivery giant's cost structure at...
Elon Musk launches new artificial intelligence company X.AI to challenge OpenAI
Musk is the sole listed director of X.AI, while Jared Birchall, director of Musk's family office, is its secretary.
Purell hand sanitizer looks for buyer as demand falls after pandemic
Gojo Industries, which has an annual sales figure of about $1 billion, could potentially be valued at roughly $3 billion in the event of a deal, the sources said.
Ex-Twitter execs sue for $1M in unpaid legal fees in battle with Elon Musk
Parag Agrawal, Twitter's ex-CEO, Vijaya Gadde, the former Chief Legal Officer, and Ned Segal, the former CFO of the tech giant, have sued in the Delaware Court of Chancery on...
Wall Street banks to reveal weak quarterly earnings, bleak outlook for 2023
Earnings per share of the six largest US banks including JPMorgan Chase, Morgan Stanley, and Goldman Sachs are expected to decline by around 10% from the previous year.
Amazon weighs cuts to stock awards for employees amid bleak economic outlook
The memo suggests that the e-commerce giant will reduce its restricted stock units (RSUs) starting from 2025 due to budgetary constraints.
FedEx to merge delivery units in a $4 billion cost-cutting initiative
The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx Express overnight delivery business comes almost a year after activist investor D.E. Shaw, who won two...
US job vacancies fall to lowest levels since 2021
A 6% reduction in job vacancies in February was observed from the previous month’s downwardly revised figure of 10.6 million, according to the Labor Department’s Job Openings and Labor Turnover...
Tesla car deliveries miss Wall Street's forecasts despite price cuts
The tech titan delivered 422,875 vehicles for the first three months of this year, marking a 4% increase from the previous quarter and a 36% increase from the same period...
Netflix experimenting with expanding gaming service to TV sets
Netflix is planning to launch its video-game service on TVs for the first time -- a move seen as a possible step toward a rollout of a cloud-based gaming service.
Supply shortages threaten US infrastructure, military defense efforts
Manufacturers in autos, machinery, defense and non-residential construction sectors are still grappling with tight supplies of microchips and cement.
Disney scraps metaverse unit in cost-cutting move as wider layoffs loom
The division shutdown is reportedly a preamble to the Mouse House’s $5.5 billion in cuts and a larger round of workforce reduction that could impact approximately 7,000 employees
UberEats to take down 5,000 duplicate menus in 'ghost kitchen' crackdown
UberEats is planning to take down its 5,000 online-only brands across North America this week due to concerns over restaurants offering multiple delivery options with different names but same menus.
TikTok stars descend on DC, protest app’s potential ban before CEO gets grilled
A battalion of TikTok influencers rallied in Washington Wednesday to protest against Congress’ potential ban on the app
First Republic surges 29% after Janet Yellen pledges support for US banks
San Francisco-based First Republic was up 51%, bouncing back after suffering a 90% drop this month -- including nearly a 50% plunge on Monday.
Uber, Lyft group challenges Biden’s labor secretary nominee over worker rules
Uber, Lyft trade group Flex Association requested nominated DOL Secretary Julie Su to explain her stance on worker-classification rules.
FTX's Margaritaville tab swells to $600K as it racked up a $400K DoorDash bill
FTX employees reportedly stayed “for weeks or months” in about 20 suites at One Particular Harbour – a luxury tower connected to the main Margaritaville resort, according to Bloomberg.
Diamond Sports files for bankruptcy ahead of start of MLB season
The Post reported exclusively on Monday that Diamond is expected to use the bankruptcy proceedings to terminate the contracts of at least four MLB teams.