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Latest Business

Goldman Sachs to Lay Off Over 1,300 Workers

Layoffs are part of annual review process that culls low performers

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

Starbucks ousts chief and appoints Chipotle boss in response to activist pressure

Shares in coffee chain jump after Laxman Narasimhan replaced by Brian Niccol

 

Universal Music Signs Meta Deal Allowing Its Music to Appear on WhatsApp

Universal Music Group artists will see their songs made available on WhatsApp for the first time, after the record label struck a new licensing deal with Meta Platforms.

Boeing’s New CEO Is Hands On. He’s Being Handed a Company in Crisis.

Kelly Ortberg inherits a troubled ‘go, go, go’ culture and a manufacturer burning through billions of dollars

CrowdStrike to Delta: Stop Pointing the Finger at Us

The cybersecurity company says it isn’t to blame for the airline’s dayslong meltdown, calling it a “misleading narrative.”

Delta CEO Says CrowdStrike Tech Outage Cost It $500 Million

The airline canceled thousands of flights over several days in July

LVMH is splurging on the Olympics

Will it pay off?

Google Talks to Acquire Cybersecurity Startup Wiz Fall Apart

The search giant was in talks to acquire Wiz for $23 billion

Alexa Is in Millions of Households—and Amazon Is Losing Billions

The company’s strategy to set prices low for Echo speakers and other smart devices hasn’t paid off.

Meta in Talks to Buy Stake in Eyewear Giant EssilorLuxottica

The Facebook owner already has a partnership with the European company to make its Ray-Ban smart glasses

Musk says he will move SpaceX and X to Texas after California passes gender-identity law

Billionaire Elon Musk said on Tuesday he's moving the headquarters of SpaceX and social media company X  from California to Texas. He referred to the new law signed by California Governor Gavin Newsom on Monday, which prevents school districts from requiring staff to inform parents about their child's gender identification change, as the "final straw".

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