Business

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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

Latest Business

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

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.

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

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.

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

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

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.

Russian-born billionaire dumps Musk investments after wife’s affair – WSJ

The spouse of Google co-founder Sergey Brin reportedly had a liaison with his friend Elon Musk

Twitter spent $33m in three months on Elon Musk deal

Twitter spent $33m (£27m) on Elon Musk's proposed deal to buy the firm between April and June 2022.

Amazon to Buy One Medical for $3.49 Billion in All-Cash Deal

Deal would be company’s third-largest after Whole Foods, MGM. One Medical operates medical clinics in markets across the US

Netflix’s shock result leads to price surge

Netflix has just lost almost a million subscribers. But the surprising result has led to a surge in its stock price.

Netflix only loses 970,000 subscribers in second quarter after warning of loss of 2 million

Netflix warned that it could lose 2 million subscribers during the quarter.

Twitter court case versus Elon Musk will go ahead by October, judge rules

Twitter had sought short, fast trial, while Musk wanted February court date in lawsuit over failed merger

Advertisers Were Locked Out of Netflix for Years. Now They Have Big Plans.

Hyundai, Peloton hope to have their products featured in Netflix shows

Euro Slips Below Dollar as Europe’s Economic Fortunes Slump

Currency falls as fears of Russian gas cutoff shake the bloc’s economy

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