Business - Page 32

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

Judge Pauses Lawsuit to Block Elon Musk’s $1 Million Voter Giveaway in Key Swing States

by Jamie Spencer

In a closely watched case just days before the U.S. presidential election, a Pennsylvania judge announced he would pause a lawsuit seeking to halt Elon Musk’s controversial $1 million voter giveaway. The

October 31, 2024

Can Volkswagen Cost-Cut Its Way Out of Crisis as Competition Intensifies?

by Jamie Spencer

Volkswagen (VW) is embarking on a sweeping cost-cutting plan, including German plant closures and thousands of job cuts, as it contends with steep profit declines and growing competition from Chinese automakers. With

October 30, 2024

Pfizer Raises Revenue Outlook Amid Pressure to Prove Post-COVID Value

by Jamie Spencer

Pfizer has raised its revenue and earnings outlook for the year, now expecting between $61 billion and $64 billion in revenue and adjusted earnings per share of $2.75 to $2.95. This optimistic

October 29, 2024

JPMorgan Cracks Down on ATM Fraud as Viral “Infinite Money” Glitch Sparks Legal Wave

by Jamie Spencer

JPMorgan Chase has taken a strong stand against alleged ATM fraud following a viral “infinite money glitch” that shook social media and, soon after, the banking world. This technical loophole allowed some

October 28, 2024

Southwest Airlines Strikes Deal with Elliott Investment to Avoid Proxy Fight

by Jamie Spencer

Southwest Airlines has reached an agreement with activist hedge fund Elliott Investment Management, effectively averting a potential proxy fight. The deal involves naming six new directors to Southwest’s board, including five from

October 24, 2024

Boeing Reports $6.17 Billion Loss in Q3 as Labor Vote Looms

by Jamie Spencer

Boeing continues to face a challenging year, with its third-quarter earnings report revealing a net loss of $6.17 billion, adding to a total loss of nearly $8 billion so far in 2024.

October 23, 2024

Corporate Shadows and Legal Battles Abercrombie Faces Dark Past

by Jamie Spencer

Mike Jeffries, the former CEO of Abercrombie & Fitch, finds himself entangled in a complex web of criminal charges related to sex trafficking and prostitution. This case, which has shaken both the

October 22, 2024

Disney Prepares Leadership Shift as James Gorman Steps In as Chairman

by Jamie Spencer

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

October 21, 2024

Netflix’s Earnings Surprise Pushes Stock Up 11%

by Jamie Spencer

Netflix shares soared by 11% on Friday morning after the streaming giant posted third-quarter earnings that beat market expectations. This strong financial performance, combined with the growing success of its ad-supported membership

October 18, 2024

Trump Media Co-Founders Sell Nearly $100 Million in Stock Following Lockup Expiration

by Jamie Spencer

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.

October 17, 2024

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