Business

Vietnamese conglomerate Vingroup faces intense scrutiny over its financial support for loss-making electric vehicle maker VinFast, with shares near multi-year lows and foreign investors selling. Moody's and Fitch have downgraded Vingroup's real estate unit Vinhomes' debt, citing concerns about its links to VinFast.

Published on: January 23, 2025, 05:00 AM UTC

Asian stocks mixed as China boosts markets; Netflix, Oracle lift Wall Street on AI excitement

Published on: January 23, 2025, 05:00 AM UTC

President Trump's $500 Billion AI Announcement Sparks Controversy: Elon Musk Questions SoftBank's Promises

Published on: January 23, 2025, 04:00 AM UTC

Retail CEOs are better equipped to handle tariffs this time as Trump retakes the Oval Office. Find out how they've diversified supply chains and negotiated with suppliers to mitigate price increases.

Published on: January 23, 2025, 03:01 AM UTC

Markets climbed Wednesday as tech stocks led the rally, with Netflix (NFLX) surging on strong earnings and President Trump's focus on AI boosting technology stocks. The Nasdaq Composite (^IXIC) rose nearly 1.3%, while the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both gained over 0.5%. Corporate earnings were mixed, with Johnson & Johnson (JNJ) missing expectations while Procter & Gamble (PG) topped forecasts. Trump's emphasis on AI sparked gains in tech stocks such as Oracle (ORCL) and SoftBank (9984.T).

Published on: January 23, 2025, 03:00 AM UTC

Jamie Dimon and Elon Musk have reconciled after years of feuding. Dimon supports Musk's efforts with the Department of Government Efficiency (DOGE), saying he'd "love to be helpful" with the government efficiency effort.

Published on: January 23, 2025, 03:00 AM UTC

Gap CEO Richard Dickson dismisses breakup rumors, focusing on growing the platform and improving operations. Despite the threat of tariffs, the retailer has seen a turnaround with better earnings, viral campaigns, and desirable products.

Published on: January 23, 2025, 02:02 AM UTC

Chuck Robbins, CEO of Cisco, discusses the impact of US-China relations and trade policy on businesses at the World Economic Forum in Davos. Cisco's China business, despite facing challenges, remains a key concern for Robbins, who also emphasizes the importance of extending expiring tax cuts. Shares of Cisco have underperformed over the past year but have shown recent resurgence, driven by better-than-expected earnings and optimism about the integration of Splunk.

Published on: January 23, 2025, 02:01 AM UTC

Listen to Living Not So Fabulously on Apple Podcasts, Spotify, or other platforms for tips on starting a small business. Entrepreneur Phaon Spurlock shares insights on finding target customers, creating a budget, and launching your venture.

Published on: January 23, 2025, 02:01 AM UTC

Half of American businesses in China are concerned about a further deterioration in the bilateral relationship between the U.S. and China, a survey by the American Chamber of Commerce in China shows.

Published on: January 23, 2025, 02:00 AM UTC