Business - Page 2

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

Bed Bath & Beyond Returns With New Store Format

Iconic Brand Relaunches as Bed Bath & Beyond Home Bed Bath & Beyond has returned to the retail landscape in a new form following its 2023 bankruptcy. On Friday, the first Bed

1 month ago

Business

Apple Shares Surge on $100B U.S. Investment Plan

Stock Posts Biggest Weekly Gain in Over Five Years Apple shares rose 13% this week, marking their largest weekly gain since July 2020, after CEO Tim Cook appeared alongside President Donald Trump

1 month ago

Business

Toyota Cuts Forecast Amid U.S. Tariff Pressure

Profit Falls Despite Strong Revenue and Global Demand Toyota Motor has lowered its annual operating income forecast as U.S. import tariffs weigh on earnings. Although the company posted revenue of 12.25 trillion

1 month ago

Business

Intel Faces Pressure After Trump Urges CEO to Resign

Leadership Under Scrutiny Amid Political Concerns Intel Corporation is under renewed pressure following public calls from former U.S. President Donald Trump for CEO Lip-Bu Tan to resign. Trump posted on Truth Social

1 month ago

Business

Tesla Sales Crash in Europe Amid BYD Surge

Major declines in UK and Germany highlight ongoing struggles Tesla is facing sharp headwinds in Europe, with new data revealing steep sales declines in two of the continent’s key auto markets. The

1 month ago

Business

Palantir Soars Past $1B in Revenue, Lifts Outlook

AI demand and U.S. contracts fuel record-breaking quarter Palantir Technologies has reported its strongest quarter to date, surpassing $1 billion in revenue for the first time and raising its full-year guidance. The

1 month ago

Business

Berkshire Earnings Dip Amid Tariff Uncertainty

Q2 operating profit falls as insurance weakens Berkshire Hathaway reported a 4% drop in second-quarter operating earnings, totaling $11.16 billion. The decline was primarily driven by weaker insurance underwriting results, though other

2 months ago

Business

Moderna Cuts Outlook as COVID Vaccine Sales Plunge 41%

Spikevax sales slump while seasonal demand delays revenue Moderna reported a 41% decline in quarterly sales, down to $114 million from $241 million a year earlier. The sharp drop is attributed to

2 months ago

Business

Moderna to Cut 10% of Workforce Amid Declining Sales

Vaccine Market Pressures Force Restructuring Moderna announced Thursday that it plans to reduce its global workforce by approximately 10% before the end of the year. The company, which had around 5,800 full-time

2 months ago

Business

Microsoft Hits $4 Trillion Milestone on Cloud Momentum

Strong Earnings and AI Confidence Fuel Market Surge Microsoft reached a major financial milestone on Thursday as its market capitalization surpassed $4 trillion, joining Nvidia as one of only two publicly traded

2 months ago

Business