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

6 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

6 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

6 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

Ferrari to Raise U.S. Prices by 10% Amid Tariffs

Price hikes on select models Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to

2 weeks ago

Business

British Steel Blast Furnaces Face Closure by June

Thousands of Jobs at Risk Amid Tariffs and Environmental Pressures China-owned British Steel said it could shutter its two blast furnaces in Scunthorpe as soon as June, potentially putting up to 2,700

2 weeks ago

Business

UBS Offers Concessions to Avoid Tougher Swiss Rules

UBS Seeks Compromise on Regulation Two years after acquiring Credit Suisse, UBS is trying to preempt stricter regulatory measures by offering to limit its investment banking division and increase capital holdings, according

2 weeks ago

Business

Hyundai to Build $5.8B U.S. Steel Plant in Louisiana

Massive investment aims to sidestep Trump tariffs, but investor doubts linger Hyundai Steel and its parent, Hyundai Motor Group, announced plans to build a $5.8 billion steel plant in Louisiana, aiming to

2 weeks ago

Business

Berkshire Employee Wins Buffett’s $1M Bracket Challenge

FlightSafety staffer nails 31 first-round picks to claim prize For the first time since Warren Buffett launched his $1 million NCAA bracket contest nearly a decade ago, a Berkshire Hathaway employee has

2 weeks ago

Business

BYD Q4 Profit Soars 73% on EV Price War Gains

Chinese EV Giant Sets Record as It Tops Volkswagen in Sales Chinese electric vehicle leader BYD reported a record fourth-quarter net profit of 15 billion yuan ($2.1 billion), a 73.1% increase over

2 weeks ago

Business

23andMe Files for Bankruptcy Amid Privacy Concerns

Company Seeks Buyer as Customers Worry Over Genetic Data Genetic testing firm 23andMe has filed for Chapter 11 bankruptcy, triggering alarm over the fate of genetic and personal data from its more

2 weeks ago

Business

JPMorgan Rebrands DEI Program Amid Policy Shifts

From “Equity” to “Opportunity” JPMorgan Chase (JPM.N) is making significant changes to its Diversity, Equity, and Inclusion (DEI) initiatives, including a rebranding to Diversity, Opportunity, and Inclusion (DOI). Chief Operating Officer Jenn

3 weeks ago

Business

SoftBank to Acquire Ampere Computing for $6.5 Billion

Deal Expands AI and Semiconductor Investments SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a semiconductor startup specializing in Arm-based server chips, for $6.5 billion. The Japanese conglomerate expects

3 weeks ago

Business

Nike Faces Challenges as Tariffs and Weak Spending Cloud Earnings

Analysts Expect Modest Q3 Results Nike is set to report its fiscal third-quarter earnings after the market close on Thursday. As the world’s largest sneaker company navigates economic uncertainty, analysts have lowered

3 weeks ago

Business