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OPEC+ to cut oil production by 2 million barrels a day next month
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Elon Musk Proposes Closing Twitter Deal on Original Terms
An agreement would allow the social-media company and the billionaire to avert a high-stakes trial that was set to start soon
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Trump launches $700m ‘Hitler’ lawsuit
Former US president Donald Trump has launched a monolithic case against CNN for defamation, seeking $475 million (A$732 million) in punitive damages.
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Apple Music to Replace Pepsi as Sponsor of NFL’s Super Bowl Halftime Show
Tech company signed a multiyear deal with the NFL; the league hasn’t announced who will perform at the next halftime show
By Editors Desk
Latest Business
Trump, family members sued by New York AG Letitia James, accused of massive fraud
James said Trump "falsely inflated his wealth by billions of dollars" to enrich himself and his family.
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Kanye West Tells Gap He Is Terminating Partnership
Designer says retailer hasn’t opened promised stores and was too slow to make items available at brick-and-mortar locations
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Twitter doubles down on Musk sale
Shareholders vote in favor of $44 billion takeover, even as Elon Musk seeks to cancel it
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Twitter Shareholders Are Poised to Approve Elon Musk Takeover Deal
Early votes suggest the acquisition will be approved by a wide margin, say people familiar with the matter
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Goldman Sachs Plans to Cut Hundreds of Jobs
Planned layoffs follow reinstatement of annual performance reviews and a slump in Wall Street deal making
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Truth Social faces financial peril as worry about Trump’s future grows
Payment disputes and a dwindling audience have fueled doubts about the former president’s Twitter clone
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Walmart Revenue, Profit Rise as Higher Prices Lift Business
Retail giant says it is gaining market share in some categories such as grocery, and its efforts to clear out excess inventory are continuing
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Disney passes Netflix in streaming war, but there are two catches
In the heated streaming war, Disney has just claimed a major victory. But dig a little deeper and the numbers tell a different story
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Elon Musk sells $6.9bn of Tesla shares as Twitter lawsuit looms
Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn).
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Carlyle Chief Executive to Step Down
Private-equity firm says Kewsong Lee will step down as CEO immediately and leave the firm at the end of this year
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Wall Street's lavish bonuses are getting slashed
A new report from consulting firm Johnson Associates forecasts that year-end bonus pay will decline across financial services, with some bankers seeing bonuses gutted by 45% or more from last year.
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Netflix Is Scrambling to Learn the Ad Business It Long Disdained
Reed Hastings insisted on focusing on subscriptions until competitors started nibbling away at his business model
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Elon Musk and Twitter trial will start Oct. 17
Twitter and Elon Musk will face off in Delaware Chancery Court on Oct. 17 if they don’t settle first.
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JetBlue Agrees to Buy Spirit Airlines for $3.8 Billion
Deal would create fifth-largest U.S. carrier after JetBlue wrests discount airline from Frontier
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Credit Suisse Plans Strategic Review as It Replaces CEO
Lender names Ulrich Körner as chief executive and launches review to pare back its investment bank further
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Spotify has 188 million Premium users, but continues to lose money
Overall user figures grew to 422 million, but the company $197 million in the quarter.
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