Business - Page 33

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 Lays Off Employees Across Instagram, WhatsApp, and Reality Labs

by Jamie Spencer

Meta (META.O) is once again undergoing a round of layoffs, this time impacting employees in key divisions such as Instagram, WhatsApp, and Reality Labs, according to a report by The Verge on

October 17, 2024

Amazon Invests in X-Energy to Boost SMR Development for Data Centers

by Jamie Spencer

Amazon has taken a significant step towards securing low-carbon energy for its data centers by acquiring a stake in U.S. nuclear developer X-energy. The investment is part of a broader collaboration to

October 16, 2024

Walgreens to Close 1,200 Stores Amid Financial Challenges and Competition

by Jamie Spencer

Facing mounting pressure from online competition and declining earnings from prescription drugs, Walgreens, one of the largest U.S. drugstore chains, has announced plans to close approximately 1,200 stores over the next few

October 15, 2024

Tesla Stock Dips as Autonomy Plans Leave Investors Doubtful

by Jamie Spencer

At Tesla’s eagerly awaited event on Thursday, CEO Elon Musk introduced bold visions for the future of autonomous vehicles, including a driverless “Cybercab,” a robovan, and even dancing humanoid robots. Held at

October 11, 2024

U.S. Antitrust Case Against Google Could Reshape Tech Industry

by Jamie Spencer

The U.S. government is contemplating a major antitrust action against Google, reminiscent of the landmark breakup of AT&T into the “Baby Bells” over four decades ago. This potential move could fundamentally alter

October 10, 2024

TD Bank Faces $3 Billion Fine, U.S. Growth Restrictions

by Jamie Spencer

TD Bank is facing significant regulatory challenges, with reports indicating that the Canadian financial institution could be hit with $3 billion in fines and new restrictions on its U.S. operations. These penalties

October 10, 2024

Hurricane Milton Threatens $100 Billion Losses for Insurers

by Jamie Spencer

As Hurricane Milton barrels toward Florida’s Gulf Coast, analysts warn that the global insurance industry could face losses of up to $100 billion. The Category 5 storm, among the most powerful to

October 9, 2024

Buffett’s Portfolio Shuffle Shows His Focus on Safety Amid Market Uncertainty

by Jamie Spencer

Warren Buffett, renowned as the Oracle of Omaha, has made a significant move in his portfolio recently, selling nearly $10 billion worth of Bank of America stock since the third quarter of

October 8, 2024

East Coast Dockworkers Strike Halts Operations at North Carolina Ports

by Jamie Spencer

Shipping container operations at the Port of Wilmington, North Carolina, have come to a complete halt as tens of thousands of dockworkers across the East Coast go on strike. The labor action,

October 1, 2024

DirecTV Acquires Dish Network in Long-Awaited Merger

by Jamie Spencer

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

September 30, 2024

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