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Foxconn, the maker of iPhones, will build electric vehicles (EVs) for Mitsubishi Motors. A Foxconn joint venture, Foxtron, will design and manufacture the EVs in Taiwan, with sales expected to begin in Australia and New …
Toyota, previously boasting record profits, now forecasts a 20% operating profit decline for the fiscal year ending March. A stronger yen and President Trump's tariffs are cited as major factors. The company estimates a …
Former US President Donald Trump announced an upcoming press conference to unveil a "major trade deal" with a "big, and highly respected, country." While he offered no specifics, US media outlets suggest the deal is with…
Nvidia's stock climbed after a Bloomberg report revealed the Trump administration intends to revoke the 'AI diffusion' chip trade restrictions. These restrictions, proposed by the Biden administration, categorized countr…
Ford increased prices on three Mexico-made models (Mustang Mach-E, Maverick, Bronco Sport) by up to $2,000 due to President Trump's tariffs. This follows Ford's projection of $2.5 billion in added costs for 2025, partial…
The UK and India have finalized a trade deal aimed at boosting bilateral trade by £25.5 billion annually by 2040. The agreement reduces tariffs on various goods, including clothing, whisky, cars, and food products, benef…
Disney reported a significant jump in Disney+ and Hulu profitability, reaching $336 million in operating income during the second fiscal quarter, compared to $47 million last year. This increase follows price hikes and a…
Disney reported strong Q2 2025 results, exceeding Wall Street expectations. Revenue reached $23.62 billion (up 7%), with net income at $3.28 billion. Disney+ unexpectedly added 1.4 million subscribers, boosting streaming…
Despite rising costs impacting American consumers, Disney's domestic theme parks saw a 13% surge in operating profit to $1.82 billion in its winter quarter. Revenue increased 9% to $6.5 billion, driven by higher park att…
AMD's first-quarter earnings surpassed expectations, driven by a 57% surge in data center sales. The stock price rose 1.7% in after-hours trading following the report, reaching $100.32. Despite cautionary notes about exp…
Disney's fiscal second-quarter earnings report is anticipated on Wednesday, with Wall Street focusing on its streaming and theme park performance. Analysts predict earnings per share of $1.20 and revenue of $23.14 billio…
Novo Nordisk reported a stronger-than-predicted first-quarter net profit of $4.4 billion, exceeding analyst expectations. However, the company lowered its full-year sales growth forecast due to competition from copycat w…
WeightWatchers (WW International), facing $1.5 billion in debt and competition from new weight-loss drugs, filed for Chapter 11 bankruptcy. The company, which aims to emerge from bankruptcy in 40 days, expects operations…
Rivian lowered its 2025 EV delivery forecast to 40,000-46,000 vehicles, citing President Trump's tariffs and regulatory changes. This follows similar announcements from Ford and GM. The revised forecast represents a redu…
President Trump's trade war with China is causing significant disruptions to US consumers. Tariffs on Chinese imports have increased dramatically, leading to a sharp drop in imports – as much as 60% according to some est…
The Justice Department is pushing for Google to divest two digital advertising businesses, Ad Exchange and its publisher ad server, following a federal judge's ruling that Google holds an illegal monopoly. The DOJ argues…
Rivian Automotive lowered its 2025 delivery target to 40,000-46,000 vehicles and increased capital expenditure guidance to $1.8-$1.9 billion, citing global economic uncertainty and trade impacts. Despite this, the compan…
Rite Aid, facing long-standing financial difficulties, including lawsuits and post-pandemic theft, filed for bankruptcy for the second time in two years. The company is closing all its remaining 178 New York stores, impa…
DoorDash is acquiring its UK rival Deliveroo for approximately $3.29 billion, gaining access to nine new European markets. The deal offers a 44% premium over Deliveroo's April 4th share price and combines their user base…
DoorDash announced a $1.2 billion acquisition of SevenRooms, a restaurant booking platform, and reported first-quarter revenue slightly below expectations at $3.03 billion versus the expected $3.09 billion. Earnings per …
Palantir Technologies (PLTR) reported better-than-expected first-quarter revenue ($884 million, up 39% year-over-year) but in-line earnings, disappointing investors. Shares dropped over 9% in after-hours trading despite …
President Trump proclaimed May 4-10, 2025, as National Small Business Week, celebrating the vital role of small businesses in the American economy. He highlighted the challenges faced by small businesses, including infla…
Ford anticipates a $1.5 billion hit to its 2025 operating profits due to Donald Trump's tariffs, prompting the company to withdraw its previous financial guidance. The carmaker cited supply chain disruptions and uncertai…
Greg Abel will succeed Warren Buffett as Berkshire Hathaway CEO in 2026, while Buffett remains chairman. This transition, years in the making, follows a gradual handover of responsibilities. Abel will oversee all operati…
Skechers, the third-largest shoe company globally, is going private in a $9.4 billion deal with 3G Capital. The deal offers a 30% premium per share, significantly boosting Skechers' stock price. This move comes amidst Pr…