AUBURN HILLS, Mich. — Stellantis said Thursday it plans to invest 60 billion euros (US$69.7 billion) under a new five-year strategic plan by CEO Antonio Filosa that also targets annual cost savings of 6 billion euros by 2028. The plan includes putting 36 billion euros toward the company’s massive portfolio of automotive brands to launch…
Walmart issued a worse-than-expected financial outlook for the year on Thursday as it reported fiscal first-quarter results, raising questions about the health of the U.S. consumer as high gas prices strain shopper budgets. The mega retailer stood by its fiscal 2027 outlook, which disappointed investors last quarter when it was issued. The retailer said it’s…
The CEO of one of France’s biggest engineering groups told CNBC that Europe mustn’t rely on U.S. infrastructure, warning of “dangerous” over-reliance on infrastructure like Elon Musk‘s Starlink. “There [are] two things for the future where we need [Europe to] realize how big it is. This is AI, and this is satellite,” Bouygues CEO Olivier…
Consumers with the Tesla Model Y L electric vehicle in Tesla stores in Shanghai, China on October 19, 2025. CFOTO | Future Publishing | Getty Images After years of delays, Tesla announced Thursday that its “Full Self-Driving” capabilities are now available for its electric vehicles sold in China, as China’s domestic EV brands have long since rolled…
Ubisoft shares plunged 16% on Thursday after the Assassin’s Creed maker warned of further losses this year. The move comes after years of stock price declines for the game developer following the Covid-19 pandemic, delays to major releases and financial struggles. Shares in the company fell 34% in January after the company announced a major…
The yen gained on Wednesday following a rally in Japan’s equities and bets on more fiscally responsible policies after Prime Minister Takaichi’s election win. Yevgen Romanenko | Moment | Getty Images Japan’s largest banks posted record annual profits in their latest financial results, but earnings growth could slow as credit costs rise and geopolitical risks…
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin and China’s President Xi Jinping tour a photo exhibition on Russia-China ties in Beijing on May 20, 2026. (Photo by Alexander KAZAKOV / POOL / AFP via Getty Images) Alexander Kazakov | Afp | Getty Images Russian President Vladimir Putin…
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters When SpaceX finally debuts on the Nasdaq, under the ticker symbol SPCX, it will almost certainly set a record for the largest offering ever. By a long shot. Elon Musk’s reusable rocket maker filed its long-awaited IPO…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. As global capital races toward America on AI boom and industrial revival, India’s once-compelling investment story is facing uncomfortable questions. This week, I unpack how…
Mayor Zohran Mamdani, left, and Amazon founder Jeff Bezos. Getty Images (L) | CNBC (R) New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers. “You could double the taxes I pay, and it’s…
