Industry
Tesla Tumbles $68 Billion After Elon Musk Mixes Politics and Business Again
Tesla loses $68 billion in market value as Elon Musk's new political party announcement rattles investors.
Trump Sets 25% Import Tax on Japan, South Korea, and Hikes Duties on Dozen More Countries
Trump imposes new 25% tariffs on imports from Japan and South Korea, with more hikes planned for other countries starting August 1.
UBS Hit With Investor Lawsuits in US Over Credit Suisse AT1 Bond Fallout
UBS faces U.S. lawsuits over Credit Suisse AT1 bond losses, while offering goodwill payments to clients hit by trading turmoil.
Meta Hires Apple's Foundational Models Head For Superintelligence Labs
Apple's Foundational Models head is now joining Meta's Superintelligence Labs.
Latest News
After Microsoft's latest layoffs, an Xbox executive recommended Copilot as a tool to help affected employees manage stress and job hunting.
Nissan recalls over 480,000 vehicles due to engine defects that could lead to power loss and possible engine failure.
Helen Toner says Meta may quickly lose its new AI hires to poaching if it can't move fast or manage internal politics, despite big-name recruits and billion-dollar bets.
Del Monte Foods files for Chapter 11 bankruptcy amid shifting consumer trends and declining demand for canned goods.
Kraft Heinz recalls over 367,000 pounds of Oscar Mayer turkey bacon due to potential listeria contamination.
Microsoft lays off 9,000 employees to streamline management and boost efficiency across teams.
Xbox head Phil Spencer is not retiring, and he is not part of the thousand who have lost their jobs due to Microsoft's layoffs.
Jeff Bezos sells $737 million in Amazon stock following his lavish wedding, funding global ventures and philanthropic efforts.
Wegmans recalls chocolate nonpareils in 8 states due to undeclared milk allergen risk.
Lululemon sues Costco for allegedly selling knockoff activewear that closely mimics its popular designs.