Elon Musk backs German far-right party
LONDON — Elon Musk, the billionaire owner of X, Tesla and SpaceX and the political ally of U.S. President-elect Donald Trump, on Friday praised the […]
Business
Meta fined €798m over ‘unfair’ Facebook Marketplace
Meta has been fined €798m (£664m) for breaking competition law by embedding Facebook Marketplace within its social network. The European Commission said this meant alternative […]
The Dow falls 400 points and the Nasdaq sinks 450 as Microsoft and Meta lead a tech stock selloff
But new data shows inflation fell closer to the Fed’s annual 2% target as the economy shows resilience before Election Day The Dow Jones Industrial […]
Merck earnings top estimates amid solid demand for Keytruda cancer drug
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects […]
Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reins in costs and looks to improve the […]
7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain
Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But […]
Peloton appoints Apple Fitness Plus cofounder as new CEO
Peloton’s got a new head honcho. The company announced that Ford executive Peter Stern will take over as CEO and President starting January 1st. Stern previously worked […]
Donald Trump’s net worth plunges by more than $1 billion in one day as his meme stock tanks
Donald Trump’s meme stock suffered its worst day ever, blowing a sizable hole in the Republican nominee’s personal fortune. Shares in Trump Media and Technology […]
Comcast Exploring Spinoff of NBCU Cable Networks Into New Company
Comcast, amid the upheaval in the TV biz caused by cord-cutting, is considering spinning off NBCUniversal‘s portfolio of cable networks into a new publicly traded company. […]
Microsoft Stock Slips To Worst Day In Years Despite Record Earnings
Microsoft’s third calendar quarter earnings were the most robust in the company’s five-decade history, though the Washington-based computing colossus indicated it may get less of […]