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Latest Business

‘THIS IS INSANE’: Elon Musk explodes over Tesla exclusion

Elon Musk has exploded after Democratic Governor Gavin Newsom dealt Tesla a stinging blow.

'No one will win a trade war': China responds to Trump tariff threats

Trump says he will sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on those from China.

Macy’s says single employee was responsible for hiding up to $154m in expenses

Largest US department store chain delays release of quarterly earnings report to investigate ‘erroneous accounting entries’

How Spirit Airlines Went From Industry Maverick to Chapter 11 Bankruptcy

The budget carrier’s pivot to ultralow fares brought it success but competition, rising costs and a failed merger bid hurt the business.

Alex Jones asks judge to halt sale of Infowars site to The Onion

Jones called The Onion's winning $1.75 million bid "sheer nonsense."

TikTok Parent ByteDance’s Valuation Rises to About $300 Billion

Investors see Trump victory as a positive with the threat of TikTok ban looming in U.S.

Meta Is Fined $840 Million in Europe for Boosting Marketplace Unfairly

Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.

Arnault Son Climbs LVMH’s Top Ranks in Further Leadership Reshuffle

Changes are the latest in a wider generational shift in the luxury giant’s management

The Fed preps another rate cut, amid cloudy post-election outlook

A quarter-percentage-point cut is anticipated as inflation continues to cool, following a jumbo-size September reduction.

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.

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.

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

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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