Business - Page 5

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

Apple Shares Surge on $100B U.S. Investment Plan

by Jamie Spencer

Stock Posts Biggest Weekly Gain in Over Five Years Apple shares rose 13% this week, marking their largest weekly gain since July 2020, after CEO Tim Cook appeared alongside President Donald Trump

August 8, 2025

Toyota Cuts Forecast Amid U.S. Tariff Pressure

by Jamie Spencer

Profit Falls Despite Strong Revenue and Global Demand Toyota Motor has lowered its annual operating income forecast as U.S. import tariffs weigh on earnings. Although the company posted revenue of 12.25 trillion

August 7, 2025

Intel Faces Pressure After Trump Urges CEO to Resign

by Jamie Spencer

Leadership Under Scrutiny Amid Political Concerns Intel Corporation is under renewed pressure following public calls from former U.S. President Donald Trump for CEO Lip-Bu Tan to resign. Trump posted on Truth Social

August 7, 2025

Tesla Sales Crash in Europe Amid BYD Surge

by Jamie Spencer

Major declines in UK and Germany highlight ongoing struggles Tesla is facing sharp headwinds in Europe, with new data revealing steep sales declines in two of the continent’s key auto markets. The

August 5, 2025

Palantir Soars Past $1B in Revenue, Lifts Outlook

by Jamie Spencer

AI demand and U.S. contracts fuel record-breaking quarter Palantir Technologies has reported its strongest quarter to date, surpassing $1 billion in revenue for the first time and raising its full-year guidance. The

August 5, 2025

Berkshire Earnings Dip Amid Tariff Uncertainty

by Jamie Spencer

Q2 operating profit falls as insurance weakens Berkshire Hathaway reported a 4% drop in second-quarter operating earnings, totaling $11.16 billion. The decline was primarily driven by weaker insurance underwriting results, though other

August 4, 2025

Moderna Cuts Outlook as COVID Vaccine Sales Plunge 41%

by Jamie Spencer

Spikevax sales slump while seasonal demand delays revenue Moderna reported a 41% decline in quarterly sales, down to $114 million from $241 million a year earlier. The sharp drop is attributed to

August 1, 2025

Moderna to Cut 10% of Workforce Amid Declining Sales

by Jamie Spencer

Vaccine Market Pressures Force Restructuring Moderna announced Thursday that it plans to reduce its global workforce by approximately 10% before the end of the year. The company, which had around 5,800 full-time

July 31, 2025

Microsoft Hits $4 Trillion Milestone on Cloud Momentum

by Jamie Spencer

Strong Earnings and AI Confidence Fuel Market Surge Microsoft reached a major financial milestone on Thursday as its market capitalization surpassed $4 trillion, joining Nvidia as one of only two publicly traded

July 31, 2025

Union Pacific Seeks $85B Merger With Norfolk Southern

by Jamie Spencer

Transcontinental Rail Giant in the Making Union Pacific has proposed an $85 billion acquisition of Norfolk Southern, a landmark deal that would create the first U.S. transcontinental freight railroad. The merger would

July 29, 2025

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