Business
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Meta’s Profit Rises 35%, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.
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China's BYD overtakes Tesla revenue for first time
The electric vehicle giant saw its revenues jump 24% as government subsidies boost China's car industry.
By Editors Desk -
Reddit shares soar 40% as it turns its first profit
Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off
By Editors Desk
Latest Business
Starbucks Tells Workers to Return to the Office or Risk Getting Fired
The coffee chain has expected office employees to come in three days a week. Now it is tightening enforcement
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Former Abercrombie CEO Mike Jeffries Is Arrested in Sex-Trafficking Case
Jeffries is expected to be charged with operating a sex-trafficking ring, according to people familiar with the matter.
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Boeing to cut 17,000 jobs and delay 777X jet as revenues fall short
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Crisis-hit Boeing to fire 17,000 employees
About 10% of the plane maker’s staff are expected to lose their jobs
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OpenAI Nearly Doubles Valuation to $157 Billion
The startup behind ChatGPT raised $6.6 billion from backers including Microsoft and Thrive Capital in a funding round.
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DirecTV Agrees to Merge With Satellite Rival Dish
The pair of deals lets private-equity firm TPG buy AT&T’s remaining stake in DirecTV and absorb rival Dish.
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'Imploding': China's $60 trillion disaster
China is in financial turmoil as its lucrative property market implodes – and the consequences for Australia will be inescapable.
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Biden Administration Proposes Ban on Chinese Software in Vehicles
Officials acknowledged that few Chinese vehicles were on U.S. roads now, but said they wanted to take proactive measures to strengthen national security.
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Blackstone Buys Australian Data-Center Operator for $16.1 Billion
Blackstone expects about $2 trillion will be spent in building new data centers worldwide in the next five years
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Goldman Sachs to Lay Off Over 1,300 Workers
Layoffs are part of annual review process that culls low performers
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How Walmart became a force in a $54bn retail advertising industry
A high-margin and fast-growing ad business is changing the chain’s relationship with brands
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