Business - Page 12

Get the latest updates on the business world, from corporate news and startup trends to industry developments and market-leading companies shaping the economy.

Disney-Prepares-Leadership-Shift-as-James-Gorman-Steps-In-as-Chairman

Business

11 months ago

Disney Prepares Leadership Shift as James Gorman Steps In as Chairman

In a key leadership change, Disney has appointed James Gorman as its next board chairman, starting January 2024, as the company gears up for a new chapter in leadership. Gorman, who joined

Trump-Media-Co-Founders-Sell-Nearly-$100-Million-in-Stock-Following-Lockup-Expiration

Business

11 months ago

Trump Media Co-Founders Sell Nearly $100 Million in Stock Following Lockup Expiration

The co-founders of Trump Media & Tech Group, Andrew Litinsky and Wesley Moss, who were instrumental in launching the Truth Social platform, have reportedly sold nearly all their shares in the company.

DirecTV-Acquires-Dish-Network-in-Long-Awaited-Merger

Business

12 months ago

DirecTV Acquires Dish Network in Long-Awaited Merger

DirecTV announced on Monday that it will acquire rival Dish Network, marking the conclusion of decades of on-and-off merger discussions between the two satellite TV providers. Both companies have struggled to retain

Toyota Projects $1.3 Billion Loss from Trump’s Tariffs

Toyota announced on Thursday that President Trump’s sweeping tariffs, including the automobile import taxes, are projected to result in a $1.3 billion loss in profits for April and May. The Japanese-owned automaker

4 months ago

Business

Ford Increases Prices Due to Trump’s Tariffs

Ford Motor has raised prices on three of its Mexico-produced models, effective May 2, marking one of the first significant price adjustments by major automakers due to U.S. President Donald Trump’s tariffs.

4 months ago

Business

Bill Gates to Give Away $200 Billion by 2045, Criticizes Musk

Bill Gates announced on Thursday that he will give away $200 billion through his Gates Foundation by 2045. In a sharp rebuke to Elon Musk, Gates accused the world’s richest man of

4 months ago

Business

Maersk Posts Strong Q1, Warns of Trade Tariff Risks Ahead

Danish shipping giant Maersk posted stronger-than-expected first-quarter results on Thursday but cautioned that ongoing U.S.-China trade tariffs could limit global container market volumes in the coming months. The company, considered a key

4 months ago

Business

Super Micro Stock Drops Amid Lowered Outlook, Tariff Concerns

Super Micro Computer (SMCI) saw its stock drop nearly 6% midday Wednesday after the company revised its full-year revenue guidance for 2025, citing the ongoing economic uncertainty exacerbated by President Trump’s global

4 months ago

Business

Disney’s Q2 Earnings Beat Expectations, Shares Rise 10%

Disney reported strong fiscal second-quarter results on Wednesday, surpassing Wall Street’s expectations with better-than-expected earnings and revenue growth. The company credited robust subscriber growth for its Disney+ streaming platform, which saw an

4 months ago

Business

Apple and Alphabet Shares Drop After AI Search Remarks

Shares of Alphabet and Apple fell sharply on Wednesday after Eddy Cue, Apple’s services chief, made comments regarding the future of search engines in which he suggested that AI search engines could

4 months ago

Business

Palantir Shares Drop 13% Despite Earnings Beat

Shares of Palantir Technologies (PLTR.O) fell by more than 13% on Tuesday, despite a solid earnings report and a raised revenue forecast. The decline came after the company exceeded revenue expectations but

4 months ago

Business

Ford Beats Q1 Expectations but Suspends 2025 Guidance

Ford Motor exceeded Wall Street’s first-quarter expectations but suspended its 2025 financial guidance due to expected $2.5 billion in tariff-related costs, a move prompted by the ongoing impact of President Donald Trump’s

4 months ago

Business

IBM Targets AI Growth with New Tools for Business

IBM is making a significant push into the crowded artificial intelligence (AI) field with new tools designed to help businesses manage fleets of AI agents for key applications. CEO Arvind Krishna highlighted

4 months ago

Business