Economy

Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Tesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May. […]

The Toyota Industries Corp. logo at the company’s Nagakusa plant in Obu, Aichi Prefecture, Japan. Bloomberg | Bloomberg | Getty Images Shares of Toyota Industries slumped as much as 13% Wednesday, signaling investors’ disappointment over Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to take the company private. This deal comes at a time […]

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets plunged on Wednesday, led by Nikkei 225 and Taiwan’s Taiex after U.S. tech stocks sold off and weak U.S. economic data sparked recession fears. […]

People walk past the logo of Samsung Electronics in Seoul on July 7, 2022. South Korea’s Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Jung Yeon-je | Afp | Getty Images […]

Dmytro Kuleba at the Ukraine Recovery Conference in Berlin, Germany, on Tuesday, June 11, 2024. Bloomberg | Bloomberg | Getty Images Ukraine’s wartime Minister of Foreign Affairs Dmytro Kuleba tendered his resignation, Ukrainian Parliament Speaker Ruslan Stefanchuk said Wednesday. “The application will be considered at one of the nearest plenary sessions meetings,” the Parliament speaker added in […]

Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Nvidia plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market cap and pulling chip stocks down with it. Intel […]

Sopa Images | Lightrocket | Getty Images More than half of Tiger 21’s members don’t invest in Nvidia, according to a recent asset allocation report released by this network of ultra-high-net-worth investors and entrepreneurs. The network’s second-quarter asset allocation report revealed that 57% of its members are not invested in chip darling Nvidia, with a […]

Game enthusiasts and industry personnel walk between the Microsoft Xbox and Sony PlayStation exhibits at the E3 trade show on June 16, 2015 in Los Angeles, California.Christian Petersen | Getty ImagesSony has signed a binding, 10-year agreement with Microsoft to keep Call of Duty on its PlayStation gaming consoles after closing the Activision Blizzard acquisition, Microsoft said… […]

Barry Diller, chairman and chief executive officer of IAC/InterActiveCorp.Scott Eells | Bloomberg | Getty ImagesFailing to resolve the dual strikes of the writers’ and screen actors guilds in Hollywood will lead to “devastating effects if it is not settled soon,” IAC and Expedia Chairman Barry Diller said in an interview on CBS’ “Face the Nation”… […]

U.S. White House national security adviser Jake Sullivan speaks at a press briefing at the White House on Dec. 12, 2022.Kevin Lamarque | ReutersA “small group” of House Republicans have “essentially created a trap” by loading the National Defense Authorization Act with a wide array of domestic-focused amendments, U.S. national security advisor Jake Sullivan said… […]