Economy

Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish kronor ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of […]

Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Mark Zuckerberg’s plan is to make Meta the market leader in artificial intelligence. Investors will want to know how President Donald Trump’s tariffs-heavy trade […]

FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. RUVIC DATE | Reuters PayPal , Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings reports. Markets broadly have been jittery […]

Revelers attend the annual LGBTQ+ Capital Pride parade in Washington D.C., U.S., June 8, 2024. Leah Millis | Reuters Companies that were once loud and proud in supporting LGBTQ+ community celebrations are pulling back. LGBTQ+ Pride festivals across the country have faced significant sponsorship challenges this year, with some losing corporate partners that collectively provided […]

Private equity has historically been the playground of institutional investors, pensions, endowments and accredited investors — a group that includes high-net-worth and ultra-high-net-worth individuals, banks, financial firms and trusts. These investors are usually deemed financially sophisticated, capable of handling the risks and illiquidity inherent in long-term private market investments. However, a recent push by the […]

Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025. Christopher Pike | Bloomberg | Getty Images IBM on Monday announced it will invest $150 billion in the U.S. over the next five years […]

Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Elon Musk’s much-hyped interview of former President Donald Trump on the social media platform X was nearly derailed early on by technical glitches in the first minutes of the scheduled start time on Monday evening. Users trying to log on to […]

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it […]

In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge. Countries like Taiwan with TSMC the world’s largest and most advanced semiconductor manufacturer, began to dominate in the production of chips. The U.S. is key in areas like design. […]

CNBC’s Jim Cramer on Monday said a variety of companies, to their detriment, won’t admit they’re hurting due to certain ongoing economic trends. “If companies would just own up to their changing circumstances, things would be so much easier for everybody. But who wants to admit that they made mistakes?” he asked. “If they’d just […]