Business

Stellantis to invest $1.5 billion in Belvidere, Illinois plant for new mid-size truck production, reversing August delay, after meeting with President Trump.

Published on: January 22, 2025, 04:00 PM UTC

Tesla, JPMorgan CEOs settle dispute, Dimon praises Musk's leadership

Published on: January 22, 2025, 03:03 PM UTC

President Donald Trump favors Elon Musk or Larry Ellison buying TikTok as he offers his latest thinking on what a deal might look like to save the US operations of the social media platform. Would such a venture keep TikTok operating in the US? It’s not clear.

Published on: January 22, 2025, 03:02 PM UTC

The Trump effect has taken over all the dinner party chats at the World Economic Forum in Davos this year — on and off the record. Bank executives were exuberant. JPMorgan head of asset and wealth management said: Trump's policies are creating a “very pro-business environment”.

Published on: January 22, 2025, 03:02 PM UTC

Nasdaq CEO Friedman sees corporate diversity initiatives continuing despite Trump's return, remains bullish on IPO market in 2023.

Published on: January 22, 2025, 03:01 PM UTC

Hindenburg Research, a renowned activist short selling firm, has abruptly shut down, raising concerns in the industry where exposing corporate fraud has become increasingly challenging and costly.

Published on: January 22, 2025, 03:01 PM UTC

UniCredit CEO Andrea Orcel eyes talks with new German government on Commerzbank deal

Published on: January 22, 2025, 03:01 PM UTC

Netflix stock surged after the streaming giant reported its biggest quarterly subscriber gain in history, buoyed by live sporting events and the return of Squid Game. The company added 18.9 million customers in Q4, bringing its global subscriber base to over 300 million. Netflix will stop reporting subscriber figures after a surge in new customers from its crackdown on password sharing. It will focus on financial metrics like sales and profit instead.

Published on: January 22, 2025, 03:00 PM UTC

Textron forecasts 2025 profit below estimates, shares down 4% on revenue miss, strike impact

Published on: January 22, 2025, 02:03 PM UTC

US stocks climbed on Tuesday, with the Dow Jones Industrial Average (^DJI) soaring above 44,000 and the NASDAQ Composite (^IXIC) climbing over 0.6% amid speculation over President Donald Trump's first policy moves, including promised tariffs against Mexico and Canada. Netflix reported impressive earnings with high subscriber growth, while Apple's stock dipped due to concerns about weak iPhone sales and lack of interest in AI among consumers. The US dollar weakened due to Trump's avoidance of broad-based tariffs, while Tesla's stock dropped after the president ended an electric vehicle mandate. Investors eagerly anticipate the next batch of quarterly earnings and closely monitor Trump's actions as he returns to the Oval Office.

Published on: January 22, 2025, 02:03 PM UTC