Business - Page 15

The latest updates and key developments from the business world.

January 9, 2026

GM to book $7.1bn EV and China restructuring charges

Fourth-quarter writedowns tied to EV strategy reset General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year, reflecting a pullback in its electric

January 6, 2026

Ford boosts U.S. sales on hybrids and affordable models

Annual growth offsets slowdown in electric vehicles Ford reported higher vehicle sales in the United States in 2025, supported by strong consumer demand for its hybrid lineup and more affordable pickup trucks.

January 5, 2026

Toyota US sales rise 8% in 2025 on electrified demand

Strong full-year performance across Toyota and Lexus Toyota Motor North America reported US vehicle sales of 2,518,071 units in 2025, an increase of 8.0% compared with 2024. On a daily selling rate

Trump’s US-UK Trade Deal Boosts Boeing

by Jamie Spencer

President Donald Trump announced a breakthrough in the US-UK trade relationship, with the UK becoming the first realigned trading partner under his second term. The biggest winner of this deal is Boeing,

May 9, 2025

Toyota Projects $1.3 Billion Loss from Trump’s Tariffs

by Jamie Spencer

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

May 8, 2025

Ford Increases Prices Due to Trump’s Tariffs

by Jamie Spencer

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.

May 8, 2025

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

by Jamie Spencer

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

May 8, 2025

Maersk Posts Strong Q1, Warns of Trade Tariff Risks Ahead

by Jamie Spencer

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

May 8, 2025

Super Micro Stock Drops Amid Lowered Outlook, Tariff Concerns

by Jamie Spencer

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

May 7, 2025

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

by Jamie Spencer

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

May 7, 2025

Apple and Alphabet Shares Drop After AI Search Remarks

by Jamie Spencer

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

May 7, 2025

Palantir Shares Drop 13% Despite Earnings Beat

by Jamie Spencer

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

May 6, 2025

Ford Beats Q1 Expectations but Suspends 2025 Guidance

by Jamie Spencer

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

May 6, 2025

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