Skims, the renowned shapewear line co-founded by Kim Kardashian, has officially acquired Skkn by Kim from Kardashian and Coty Inc. This strategic acquisition marks a significant milestone for Skims, which is already established as a leader in the apparel category. While the financial details and specific terms of the acquisition have not been disclosed, the…

Few stories are as captivating as the recent acquisition of the Israeli cybersecurity firm Wiz by Google for an astonishing $32 billion. This landmark deal not only marks the largest acquisition in Google’s history but also underscores the growing importance of cloud computing and artificial intelligence capabilities in the tech arena—competition that is increasingly fierce…

In recent weeks, the financial landscape of Wall Street has garnered significant attention, displaying a dichotomy that is both unprecedented and unsettling. A record-breaking total bonus pool of $47.5 billion has emerged, a striking 34% increase from last year, with the average bonus for employees reaching an impressive $244,700—up 31.5% from the previous year. These…

The saga of 23andMe, the pioneering DNA testing company co-founded by Anne Wojcicki, has taken a dramatic turn. After a year marked by strategic maneuvers to private ownership, Wojcicki has announced her resignation as CEO as the company prepares to navigate the turbulent waters of bankruptcy. Over the past year, Wojcicki had ardently pursued taking…

In a significant move for the U.S. Navy, the Senate has confirmed financier John Phelan as the 79th Secretary of the Navy, with a decisive vote of 62-30. This confirmation marks a noteworthy chapter in military leadership, as Phelan becomes the second service secretary selected by former President Donald Trump, following the appointment of Army…

Kaufman Hall has recently unveiled its inaugural report analyzing the financial data of hospitals for January 2025, revealing a promising outlook as hospitals transition into the new year. The analysis of over 1,300 hospitals indicates a noteworthy increase in financial performance, with the median operating margin climbing to 4.4% in January. This marks a significant…

On Tuesday, Tesla once again found itself in the spotlight for an extensive recall of virtually every Cybertruck currently on the road. The reasoning behind this drastic move? Some of the vehicle’s paneling is adhered with glue susceptible to “environmental embrittlement.” This term, while technical, suggests a troubling vulnerability: a risk of “rapid unscheduled disassembly,”…