Latest news →Find published stories by month and topic.
Microsoft and Meta exceeded Wall Street's expectations in their latest earnings reports. Microsoft reported record-breaking revenue of $70.1 billion and earnings per share of $3.46, surpassing forecasts. Meta also surpas…
The Trump Organization has secured a new golf course and real estate deal in Qatar, partnering with Qatari Diar, a government-owned firm. This comes two weeks before President Trump's Middle East visit encompassing Saudi…
Ford CEO Jim Farley welcomes President Trump's partial reprieve on auto part tariffs but stresses the need for further action to bolster the U.S. auto industry. While the recent changes offer some relief from tariff stac…
President Trump's first 100 days have seen significant market turmoil. A 9% drop in the S&P 500 marks the worst start to a presidential term since 1974, exceeding even the dot-com bubble crash. This downturn contrasts sh…
UPS announced plans to cut approximately 20,000 jobs in 2025, citing changes in global trade policy and reduced shipping volumes. The cuts, affecting the operational workforce, are part of a broader cost-reduction strate…
An anonymous letter allegedly from disgruntled Tesla employees calls for Elon Musk's resignation as CEO, citing his involvement in other ventures as detrimental to Tesla's brand. The article suggests Tesla may be at a pi…
Yum Brands reported mixed Q1 results, with overall revenue up 12% to $1.79 billion, but falling short of analyst expectations. Pizza Hut underperformed, experiencing a 2% drop in same-store sales (5% decline in the US), …
Volkswagen reported a 37% drop in first-quarter operating profit to €2.9 billion ($3.3 billion), significantly below analyst expectations of €4 billion. The decline is attributed to US tariffs and global economic volatil…
Starbucks CEO Brian Niccol announced a shift in strategy to combat declining sales, prioritizing human employees over technology. The company will hire 3,000 more baristas and scale back its automated Siren Craft System.…
Starbucks reported a 2% revenue increase to $8.8 billion but a significant drop in net income, falling 50% to $384.2 million. CEO Brian Niccol attributes the shortfall to increased labor costs as part of his "Back to Sta…
Amazon denied plans to display tariff costs alongside product prices on its website, contradicting an earlier report. The White House initially criticized the purported move, reportedly after a misinterpretation of Amazo…
General Motors is recalling nearly 600,000 full-size trucks and SUVs in the U.S. due to potential V8 engine failure. Manufacturing defects in connecting rod and/or crankshaft components can cause engine damage and failur…
Walmart is offering a 75-inch Samsung DU7200B Crystal 4K smart TV for $399, its lowest price this year. This entry-level model features a 60Hz refresh rate, supports VRR and ALLM, and boasts Dynamic Crystal Color technol…
UPS announced plans to cut 20,000 jobs this year, adding to the 12,000 jobs cut last year, as part of a cost-reduction strategy to boost profits. The cuts, impacting operational employees and involving the closure of 73 …
Starbucks reported weaker-than-expected second-quarter earnings, with same-store sales declining for the fifth consecutive quarter. Despite lower-than-projected revenue ($8.76 billion vs. $8.82 billion expected) and earn…
BetOnline.ag, an online sports book, offers odds on the next Disney CEO. Dana Walden, co-chair of Disney Entertainment, is the frontrunner (2/1 odds). Internal candidates like Josh D'Amaro (Disney Parks chairman) and Jim…
The White House announced a softening of automotive tariffs, preventing additional levies on steel and aluminum from compounding existing 25% tariffs on imported vehicles. While the 25% import tariff remains, reimburseme…
Pfizer exceeded first-quarter profit expectations despite lower sales, primarily due to reduced Paxlovid demand. The company expanded its cost-cutting program, aiming for an additional $1.2 billion in savings by 2027 thr…
GM reported a 7% decline in first-quarter profits to $2.8 billion, primarily due to a 14% drop in North American earnings. The company withdrew its previous $11.2-$12.5 billion net income projection for 2025, citing unce…
General Motors exceeded first-quarter expectations, reporting $2.78 adjusted earnings per share versus the expected $2.74 and $44.02 billion in revenue. However, GM is reassessing its 2025 financial guidance and suspendi…
A deal has been reached to ease tariffs on imported cars, potentially averting a major crisis for the US auto industry. Commerce Secretary Howard Lutnick confirmed the agreement, which is expected to be formally announce…
HSBC's first-quarter 2025 results exceeded expectations, driven by strong wealth and corporate banking performances. Pre-tax profit reached $9.48 billion, surpassing estimates, although it decreased 25% year-on-year. Rev…
President Trump is expected to announce measures easing the impact of his tariffs on US car manufacturers. Commerce Secretary Howard Lutnick hailed the move as a victory for the President's trade policy, rewarding domest…
Asia-Pacific markets showed mixed results Tuesday, with Australia's S&P/ASX 200 up 0.96% and South Korea's Kospi rising 0.63%. However, China's CSI 300 fell slightly. Investor focus remained on US President Trump's tarif…
DHL Express has resumed shipping consumer packages valued between $800 and $2,500 to the US. The suspension, implemented last week due to increased customs clearances related to Trump-era tariffs, is lifted following tal…