Elon Musk's Tesla is poised to incur more than $350 million in expenses in the second quarter due to the mass layoffs that started last week.
Sectors
Walgreens to Open a New Pharmacy Offering Cell and Gene Therapies to Patients With Chronic Diseases Like Cancer
Walgreens Boots Alliance Inc. is opening a new pharmacy offering cell and gene therapies for patients with cancer, cystic fibrosis, and Crohn's disease.
Toyota Teams Up With China's Tencent to Attract Younger Drivers in the Era of AI
Toyota has partnered with Tencent to attract younger drivers in China. Japanese automaker Toyota has announced a partnership with Tencent, a Chinese social media and gaming giant, as it tries to appeal to the tech-savvy younger demographic.
Facebook, Instagram Parent Company Meta Shares Tumble Amid Continued Push Into AI Development
Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion
Binance Founder Changpeng Zhao Apologizes, Accepts 'Full Responsibility' in Letter to Judge Ahead of Sentencing
Binance founder and former CEO Changpeng Zhao has publicly apologized for his past actions and "poor decisions" ahead of his sentencing.
Latest News
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market.
Canada's Prime Minister Justin Trudeau has dismissed a plea from doctors to reconsider his government's proposal to raise the capital gains tax.
Novo Nordisk's Ozempic and Wegovy, two popular diabetes and weight-loss drugs, are pricey in the US, sparking a Senate probe.
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.
A Tesla shareholder who successfully challenged CEO Elon Musk's massive pay package is seeking court intervention again to prevent the company from evading a Delaware court ruling.
The virus, mainly spread by mealybugs that feed on cacao trees, has resulted in substantial harvest losses, varying from 15% to 50%.
The new rules oblige airlines to provide refunds automatically, eliminating the need for passengers to request them explicitly.
Thrasio, a major aggregator of Amazon third-party sellers, is undergoing drastic leadership changes.
Apple now expects to sell 400,000 to 450,000 units in 2024, a sharp decline from earlier industry estimates of 700,000 to 800,000.
