Business - Page 3

The latest updates and key developments from the business world.

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

January 5, 2026

Nvidia CEO to outline strategy amid rising AI competition

Keynote set for CES in Las Vegas Nvidia chief executive Jensen Huang is scheduled to deliver a keynote address on Monday at the Consumer Electronics Show in Las Vegas, where he is

Citigroup Names Jane Fraser Board Chair and CEO

by Jamie Spencer

Fraser Consolidates Power with $25M Stock Bonus Citigroup’s board has appointed CEO Jane Fraser as chair, awarding her a restricted stock bonus valued at $25 million alongside additional stock options. The decision

October 23, 2025

HSBC invests £10bn to take Hang Seng private

by Jamie Spencer

Strategic move to deepen ties with Asia HSBC will spend £10 billion to buy out the remaining 36.5% of shares in its Hong Kong subsidiary, Hang Seng Bank, effectively taking the bank

October 10, 2025

GM cancels EV tax credit plan after policy pressure

by Jamie Spencer

Program aimed to extend $7,500 lease credit post-deadline General Motors has scrapped a plan that would have allowed its dealers to continue offering the $7,500 federal tax credit on electric vehicle (EV)

October 8, 2025

OpenAI Closes $6.6B Stock Sale at $500B Valuation

by Jamie Spencer

Employees cash out as OpenAI becomes most valuable private firm OpenAI has completed a $6.6 billion secondary share sale, allowing eligible current and former employees to sell equity at a record-setting $500

October 2, 2025

CoreWeave Surges on $14.2B AI Cloud Deal with Meta

by Jamie Spencer

Meta taps CoreWeave for Nvidia-powered AI infrastructure CoreWeave (CRWV) stock jumped nearly 12% after the company revealed a massive $14.2 billion multi-year cloud services agreement with Meta (META). The Nvidia-backed AI data

October 1, 2025

EA to Be Taken Private in Record $55B Buyout Deal

by Jamie Spencer

EA agrees to historic leveraged buyout Electronic Arts, the gaming giant behind franchises like “Battlefield” and “Madden NFL,” is set to go private in a massive $55 billion deal — the largest

September 29, 2025

Citi Sells 25% of Banamex to Mexican Tycoon

by Jamie Spencer

Strategic move ahead of Banamex IPO plans Citigroup has reached an agreement to sell a 25% stake in Grupo Financiero Banamex to a firm owned by Mexican billionaire Fernando Chico Pardo and

September 24, 2025

Pfizer to Buy Metsera in $7.3B Obesity Drug Push

by Jamie Spencer

Deal signals major move into booming weight loss market Pfizer announced Monday that it will acquire obesity drugmaker Metsera in a deal worth up to $7.3 billion, marking a significant move to

September 22, 2025

NBH to Acquire Vista Bank in $369M Deal

by Jamie Spencer

Acquisition expands NBH’s Texas presence and assets National Bank Holdings (NBH), based in Denver, announced it will acquire Dallas-based Vista Bancshares in a stock-and-cash transaction valued at $369.1 million. The deal includes

September 16, 2025

UBS Considers U.S. Move Amid Swiss Capital Rules

by Jamie Spencer

Stricter regulations push global bank to rethink its base Swiss banking giant UBS is reportedly exploring a potential relocation to the United States in response to proposed regulatory changes from the Swiss

September 15, 2025

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