Business - Page 30

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

Banco BPM Faces Surprise Takeover Bid from UniCredit

by Jamie Spencer

Banco BPM SpA is at the center of Italy’s banking sector drama as it reviews an unexpected €10.1 billion takeover bid from UniCredit SpA. The unsolicited offer has sparked tensions within the

November 26, 2024

Warren Buffett Details Plans to Distribute $147 Billion Fortune After Death

by Jamie Spencer

Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, celebrated Thanksgiving by continuing his tradition of giving. On Monday, he announced plans to donate over $1.1 billion in Berkshire Hathaway stock

November 25, 2024

Macy’s Delays Earnings Report Amid $154 Million Accounting Scandal

by Jamie Spencer

Macy’s has postponed its quarterly earnings report after discovering a single employee had intentionally concealed $154 million in expenses over nearly three years. The accounting irregularities have raised concerns about oversight at

November 25, 2024

Amazon Doubles Down on Anthropic with $4 Billion AI Investment

by Jamie Spencer

Amazon has announced a significant new investment of $4 billion in Anthropic, a leading artificial intelligence (AI) startup founded by former OpenAI executives. This move cements Amazon’s role in the rapidly evolving

November 22, 2024

Target Warns of Weak Holiday Season as Middle-Class Shoppers Pull Back

by Jamie Spencer

Target has projected a lackluster holiday shopping season, forecasting flat sales for the year’s final quarter and lowering its profit outlook. The announcement comes alongside a modest 0.3% sales increase in its

November 20, 2024

US Justice Department to Seek Breakup of Google’s Chrome Monopoly

by Jamie Spencer

The US Department of Justice (DoJ) is gearing up for a significant legal push to force Google, owned by Alphabet Inc., to divest its Chrome browser in an effort to dismantle the

November 19, 2024

Peru’s Coastal Transformation – Chancay Port Brings Progress and Challenges

by Jamie Spencer

Peru’s coastal town of Chancay is undergoing a monumental shift as it transitions from a humble fishing village into a significant player in global trade. Backed by a $1.3 billion investment primarily

November 15, 2024

Bluesky-Experiences-Surge-in-Users-Amid-Trump's-Return-New-Era-for-Social-Media

Bluesky Experiences Surge in Users Amid Trump’s Return – A New Era for Social Media

by Jamie Spencer

The social media landscape is seeing significant shifts following President-elect Donald Trump’s return to the White House, sparking a wave of new interest in platforms beyond mainstream channels. One of the biggest

November 15, 2024

Kentucky-Lands-$712-Million-Battery-Project-Boosts-U.S.-Energy-Storage

Kentucky Lands $712 Million Battery Project – Major Boost for U.S. Energy Storage

by Jamie Spencer

Kentucky is set to become a pivotal player in energy storage solutions with the announcement of a $712 million investment for a new battery manufacturing facility. Located in Shelbyville, the project promises

November 15, 2024

Amazon’s New Haul Outlet Challenges Low-Cost Rivals Temu and Shein

by Jamie Spencer

Amazon has entered the budget shopping arena with the launch of Haul, a new outlet designed to rival low-cost platforms Temu and Shein. The new service, launched as a mobile-only feature within

November 14, 2024

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