UBS faces U.S. lawsuits over Credit Suisse AT1 bond losses, while offering goodwill payments to clients hit by trading turmoil.
Industry
Trump's Trade War Escalates: 50% Copper Tariff, Pharma Tariffs Looming
Trump announces a 50% tariff on copper imports and signals steep pharmaceutical tariffs to boost US production.
Elon Musk's X Reveals Indian Government Ordered Block on Over 2,000 Accounts
X, formerly Twitter, says India ordered the blocking of over 2,000 accounts, including Reuters, sparking censorship concerns.
Beloved Chick-fil-A Ranked Among America's Unhealthiest Fast-Food Chains
Chick-fil-A has been named one of America's unhealthiest fast-food chains due to high calories and sodium in its popular menu items.
Chicago, DC Airports in Chaos as Storms Cause Over 5,000 Flight Delays Post-Holiday
Over 5,000 U.S. flights were delayed Sunday as storms hit Chicago and D.C., disrupting post-holiday travel nationwide.
Latest News
Apple's Foundational Models head is now joining Meta's Superintelligence Labs.
Costco recalls several products, urging shoppers to stop using them immediately due to safety and health risks.
Ingram Micro confirms ransomware attack disrupting global operations, leaving customers unable to place orders or access key services.
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.
