Industry

South Korea and the U.S. make major progress in tariff talks, with hopes to finalize a trade deal by the APEC summit.

Winemaker Charles Smith warns that many American wines contain over 70 hidden ingredients and calls for full transparency in labeling.

Kering sells its beauty division to L'Oréal for $4.66 billion, aiming to cut debt and explore luxury wellness ventures.

IKEA will raise U.S. furniture prices as Trump's new 25% import tariffs take effect, impacting popular items like sofas and bedroom sets.

Nestlé will lay off 16,000 workers by 2027 as new CEO Philipp Navratil launches a major cost-cutting plan.

Tesla appeals to the Delaware Supreme Court to reinstate Elon Musk's $56 billion pay package after a lower court ruled it invalid.

NBC News begins layoffs as MSNBC prepares to operate independently under new parent company Versant.

Smucker's sues Trader Joe's, claiming its crustless PB&J sandwiches copy the look and design of Uncrustables.

Walmart partners with OpenAI to launch instant shopping through ChatGPT, making online purchases faster and easier.

General Motors takes a $1.6 billion hit after Trump cuts EV tax credits and eases emissions rules.

First Brands CEO resigns amid bankruptcy as $2.3 billion in company funds remain unaccounted for.

Warner Bros Discovery rejects Paramount's early $20-per-share takeover offer, signaling tough negotiations ahead.

After 15 years leading Apple to a $4 trillion valuation, Tim Cook may soon retire, sparking speculation about who will take over the tech giant next.

Discord shared updates on its customer service data breach and now claims that 70,000 government IDs may have been leaked.

South Korea Nears Trade Agreement After 'Substantial Progress' in US Tariff Talks