Business - Page 6

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

Boeing Cuts Losses as Aircraft Deliveries Surge

by Jamie Spencer

Strongest Quarter for Deliveries Since 2018 Boeing reported a significant improvement in its second-quarter performance, with the company delivering 150 aircraft — its highest since 2018 — and reducing losses compared to

July 29, 2025

Starbucks Sees Sales Slide, But CEO Signals Turnaround

by Jamie Spencer

Same-Store Sales Decline for Sixth Straight Quarter Starbucks reported a 2% global same-store sales drop in its fiscal third quarter, marking the sixth consecutive quarterly decline. Despite that, CEO Brian Niccol remains

July 29, 2025

Volkswagen Cuts Forecasts After $1.5B Tariff Blow

by Jamie Spencer

Trade War Hits VW’s Bottom Line Volkswagen reported a €1.3 billion ($1.5 billion) first-half hit from U.S. tariffs, prompting the German automaker to slash its 2025 full-year sales and profit margin forecasts.

July 25, 2025

Intel Shares Plunge After Foundry Strategy Shakeup

by Jamie Spencer

Strong Earnings Overshadowed by Manufacturing Uncertainty Intel’s stock tumbled more than 8% on Friday, despite better-than-expected second-quarter earnings. The sharp decline came as investors reacted to the company’s plan to slash foundry

July 25, 2025

Nvidia Responds to Smuggling Claims, Defends Chip Policy

by Jamie Spencer

Unauthorized Chip Use in China Sparks Firm Rebuke Nvidia issued a strong statement denouncing the illegal use of its chips in Chinese data centers, calling it a “losing proposition” for companies trying

July 24, 2025

Chipotle Slashes Sales Outlook Amid Traffic Decline

by Jamie Spencer

Second Consecutive Forecast Cut as Consumer Visits Drop Chipotle Mexican Grill has lowered its outlook for same-store sales in 2025, expecting flat growth instead of the modest increase it previously anticipated. The

July 24, 2025

CN Lowers Forecast as Trade Uncertainty Clouds Outlook

by Jamie Spencer

Rail Giant Withdraws Multi-Year Guidance, Cites Tariff Disruption Canadian National Railway has pulled its long-term financial guidance, citing persistent uncertainty around tariffs and international trade. The Montreal-based company reported modest profit growth

July 23, 2025

7-Eleven Owner Rebuts Couche-Tard’s Failed Deal Claims

by Jamie Spencer

Seven & i Accuses Couche-Tard of Misrepresenting Negotiations The parent company of 7-Eleven, Seven & i Holdings, has issued a firm response to Couche-Tard’s explanation for the breakdown of their takeover negotiations.

July 23, 2025

Uber, Lucid and Nuro Launch Global Robotaxi Program

by Jamie Spencer

New Alliance Aims to Deploy 20,000 Robotaxis Uber has announced a major expansion into autonomous mobility by partnering with electric vehicle maker Lucid and self-driving tech firm Nuro to launch a next-generation

July 17, 2025

Wells Fargo Halts China Travel After Staff Exit Ban

by Jamie Spencer

Banker Barred from Leaving Sparks Travel Freeze Wells Fargo has suspended all business travel to China after one of its senior bankers, Chenyue Mao, was blocked from leaving the country, according to

July 17, 2025

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