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Breaking News: Business

  • Business

Ford EV chief leaving automaker amid new restructuring efforts

Sagar2 months ago05 mins

Doug Field, the chief EV, digital and design officer at Ford Motor, speaks at Louisville Assembly Plant as Ford shares its plans to design and assemble its “Universal Electric Vehicle” platform on Aug. 11, 2025. Courtesy: Ford DETROIT — Ford Motor‘s head of electric vehicles and software is leaving the automaker as it restructures its…

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  • Business

Tesla stock adds nearly 8% as Elon Musk touts chip progress

Sagar2 months ago03 mins

Tesla cars charge at a Tesla Supercharger station in Pasadena, California, March 30, 2026. Justin Sullivan | Getty Images Tesla stock closed nearly 8% higher on Wednesday at $391.95 per share after CEO Elon Musk touted progress on the company’s forthcoming AI5 chip. Musk said in a post on his social network X that the…

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  • Business

Regulators reportedly zeroing in on suspicious trades ahead of Trump post

Sagar2 months ago03 mins

US President Donald Trump walks on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Sunday, April 12, 2026. Trump attacked Pope Leo XIV for his criticisms of the US-Israeli war on Iran, calling the leader of the Catholic Church “WEAK on crime.” Photographer: Bonnie Cash/UPI/Bloomberg via…

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  • Business

Luxury stocks fall as Iran war weighs on earnings; Hermes, Kering sink

Sagar2 months ago04 mins

A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City. John Smith | Corbis News | Getty Images Luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that…

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  • Business

Chinese robotaxi companies forge ahead with UAE expansion despite Iran war

Sagar2 months ago02 mins

Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi. Courtesy Uber Technologies, Inc. BEIJING — At least three Chinese robotaxi companies are pressing ahead with expansion plans in the Middle East despite the ongoing Iran war. Ride-hailing company Didi plans to begin its first overseas robotaxi test in the United Arab Emirates…

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  • Business

DA wants Altman arson suspect Daniel Moreno-Gama held without bail

Sagar2 months ago02 mins

Sam Altman, chief executive officer of OpenAI Inc., speaks during BlackRock’s 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026. Daniel Heuer | Bloomberg | Getty Images Prosecutors plan to ask a judge Tuesday to ask a San Francisco judge to hold the man accused of trying to murder OpenAI CEO Sam…

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  • Business

Wall Street puts streaming in focus. Its future is unclear

Sagar2 months ago09 mins

In an aerial view, the Netflix logo is displayed above Netflix corporate offices on October 7, 2025 in Los Angeles, California. Mario Tama | Getty Images There’s a love affair on Wall Street between investors and streaming. The romance started about a decade ago when consumers began cutting the cord with cable TV bundles en…

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  • Business

OpenAI touts Amazon alliance in memo, Microsoft ‘limited our ability’

Sagar2 months ago05 mins

OpenAI’s newly appointed revenue chief, Denise Dresser, sent a memo to staffers on Sunday, touting the company’s alliance with Amazon as a key growth driver for its enterprise business, while noting the constraints of its long-standing tie-up with Microsoft. Dresser’s memo lands less than two months after Amazon announced plans to invest up to $50…

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  • Business

How Kodak is trying to turn around after teetering on bankruptcy

Sagar2 months ago07 mins

On Jim Continenza’s first day on the job as Eastman Kodak executive chairman in 2019, he got a call from a star Hollywood filmmaker telling him the company was making a big mistake. The photography technology company was in the process of shutting down its acetate factory, which makes one of the key ingredients used…

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  • Business

Michael Burry says he’s still betting against Palantir after Trump post boosts stock

Sagar2 months ago03 mins

Michael Burry attends “The Big Short” New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015. Andrew Toth | Filmmagic | Getty Images Michael Burry is sticking with his bearish wager against Palantir Technologies, even after a public endorsement from President Donald Trump helped lift the stock. The investor of the “Big…

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  • 'It really had all come to life': Leslie, Lobo and…
  • What to know about the temporary Medicare GLP-1 Bridge program
  • Transfer rumors, news: PSG to bid for Liverpool ta…
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  • A father again, Ohtani homers in Dodgers' 3-2 loss…

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