Business - Page 27

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

meta-moderation-shift-trump-online-safety-concerns.

Meta’s Moderation Shift Under Trump Sparks Concerns Over Online Safety

by Jamie Spencer

Zuckerberg Responds to Trump’s Stance Mark Zuckerberg has signaled a significant shift in Meta’s content moderation policies, announcing the removal of third-party fact-checkers in the United States and adjustments to moderation practices.

January 9, 2025

U.S. Government Sues Berkshire Hathaway Unit Over Unaffordable Loans

by Jamie Spencer

The U.S. Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Clayton Homes, the manufactured housing division of Warren Buffett’s Berkshire Hathaway, accusing it of pressuring borrowers into unaffordable loans. In

January 6, 2025

GM and Ford Report Best Annual U.S. Sales Since 2019

by Jamie Spencer

Both General Motors (GM) and Ford Motor Co. (Ford) closed 2024 with their highest U.S. vehicle sales since 2019, marking a significant recovery from the challenges posed by the COVID-19 pandemic and

January 3, 2025

Carvana Stock Drops Amid Short-Seller Claims, but JPMorgan Stays Bullish

by Jamie Spencer

Carvana (CVNA) shares continued to decline on Friday following a short-selling report from Hindenburg Research, which raised concerns about the used-car retailer’s financial practices. Despite the negative attention, JPMorgan analysts maintained their

January 3, 2025

Top U.S. Retailers by Revenue in 2024: Resilience Amid Challenges

by Jamie Spencer

Despite economic uncertainty and rising inflation, some retailers have managed to thrive by adapting to changing consumer behaviors. According to rankings by the National Retail Federation (NRF) and Kantar, companies like Walmart,

December 30, 2024

Berkshire Hathaway Increases Stake in VeriSign, Becomes Largest Shareholder

by Jamie Spencer

Berkshire Hathaway, led by Warren Buffett, has significantly increased its position in VeriSign (VRSN), an internet infrastructure company, solidifying its status as the company’s largest shareholder. Details of the Recent Purchase According

December 30, 2024

Bank of America Buys $990 Million in Loans to Aid HomeStreet’s Turnaround

by Jamie Spencer

Bank of America Corp. has agreed to purchase approximately $990 million in multifamily commercial real estate loans from HomeStreet Inc., a move aimed at helping the struggling Seattle-based lender return to profitability.

December 27, 2024

OpenAI to Restructure as a Public Benefit Corporation for Enhanced Equity Financing

by Jamie Spencer

OpenAI, the Microsoft-supported pioneer in artificial intelligence, has announced plans to transition its for-profit operations into a Delaware Public Benefit Corporation (PBC). This reorganization aims to address the company’s growing financial needs

December 27, 2024

Starbucks Workers’ Walkout Expands Nationwide on Christmas Eve

by Jamie Spencer

Starbucks employees staged a major walkout this holiday season, culminating on Christmas Eve with expanded labor action across the country. While the Starbucks Workers United union claimed the strike affected more than

December 24, 2024

American Airlines Flights Resume After Brief System Outage

by Jamie Spencer

American Airlines resumed service Tuesday morning following a brief system outage that grounded flights across the United States during one of the busiest travel periods of the year. The airline attributed the

December 24, 2024

Previous 1 … 25 26 27 28 29 … 34 Next

Suggestions

Business - Page 27