Industry

Credit Suisse will pay $511 million for helping wealthy Americans hide $4 billion in offshore accounts.

Ford suspends 2025 guidance after Trump-era tariffs add $2.5B in costs and cut $1.5B from profits.

Walmart to upgrade 650+ stores in 2025 with cleaner tech, job growth, and improved shopping experience.

Adidas announces U.S. price hikes due to tariffs amid global trade uncertainty, impacting future sales outlook.

UPS to cut 20,000 jobs and close 73 facilities as it reduces Amazon deliveries and increases automation.

Martinelli's recalls over 170,000 apple juice bottles in 28 states due to potential patulin contamination risk.

Merck KGaA to acquire U.S. biotech firm SpringWorks for $3.9 billion to expand its cancer and rare disease drug portfolio.

IBM commits $150 billion to boost U.S. tech and manufacturing, focusing on quantum computing over the next five years.

Intel announces job cuts and office changes after reporting a $821 million loss in Q1 2025.

Toyota considers investing in a $42 billion buyout of supplier Toyota Industries amid governance reform pressures.

Grain Millers recalled 63,000 pounds of oats due to plastic contamination risk, according to the FDA.

DOGE's cost-cutting efforts under Elon Musk may end up costing U.S. taxpayers billions, experts warn.

Tariffs threaten the EV industry's growth, but Tesla and Volkswagen may gain an advantage with more American-made vehicles.

Shein and Temu raise prices as the U.S. ends a key tariff loophole for low-cost imports.

Credit Suisse to Pay $511 Million for Helping US Taxpayers in Hiding Money Offshore