Business
Mercedes-Benz Faces Potential U.S. Market Ban Under Chinese Ownership Bill
A congressional bill targeting Chinese-linked automakers could block new Mercedes-Benz vehicles from the U.S. market due to ownership by BAIC.
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Business
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Business
UnitedHealthcare to Cut Most Prior Authorization Requirements for Pediatric Patients
The nation's largest health insurer will remove two-thirds of authorization requirements for members under 18 by the end of 2026.
Business
Oil Prices Drop 20% From 2026 Peak Amid U.S.-Iran Ceasefire Optimism
Brent crude prices have retreated sharply following reports that the U.S. and Iran have mostly agreed to a 60-day memorandum of understanding to pause hostilities.
Business
Google Engineer Charged in $1.2 Million Polymarket Insider Trading Scheme
Federal prosecutors allege a Google software engineer used confidential search data to make over $1 million in profits on the prediction market platform Polymarket.
Business
Snowflake Shares Surge 36% Following Earnings Beat and $6 Billion AWS Deal
The cloud data platform provider raised its annual product revenue forecast and announced a deepened partnership with Amazon Web Services to utilize Graviton chips.
Business
Ferrari Unveils Luce, Its First All-Electric Five-Seater
The luxury automaker has launched the Luce, a four-door electric vehicle with over 1,000 horsepower targeting younger buyers and the Chinese market.
Business
BP Removes Chairman Albert Manifold Over Conduct Concerns
The board of the British energy major unanimously ousted the chairman with immediate effect, triggering a decline in share prices.
Business
Micron Reaches $1 Trillion Market Capitalization Following 18% Stock Surge
The semiconductor company hit the milestone as AI-driven demand for memory chips sparked a significant increase in its share price.
Business
Canada's Tripling of 'Netflix Tax' on U.S. Streamers Faces Industry Skepticism
Local creative guilds and unions are questioning a recent CRTC ruling that increases financial contributions from major U.S. streaming platforms.
Business
Oil Prices Drop Sharply on Reports of U.S.-Iran Peace Deal
Crude oil futures fell after U.S. officials indicated an agreement in principle to end the conflict with Iran and reopen the Strait of Hormuz.
Business
Chancellor Rachel Reeves instructs ministers to prioritize British companies
The UK Chancellor has directed cabinet colleagues to prioritize domestic firms for government contracts in four critical industrial sectors.
Business
Leadership Disputes Threaten Europe's Major Defense Projects
Disagreements over industrial control and military priorities are impacting a €100 billion fighter jet project and a Franco-German tank initiative.
Business
99% of CEOs Expect AI-Driven Layoffs Within Two Years
A report from consulting firm Mercer indicates nearly all surveyed executives anticipate AI initiatives will lead to workforce reductions.
Business
US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs
Rising Treasury yields are impacting borrowing costs across the US economy, including mortgages and business loans, amid surging government borrowing.
Business
SpaceX Confidentially Files for IPO With $28 Trillion Addressable Market
The rocket and satellite company's S-1 filing includes 36 pages of risk factors and a valuation target that could make it one of the largest IPOs in U.S. history.
Business
Kevin Warsh Sworn In as Federal Reserve Chair
Kevin Warsh assumed leadership of the U.S. central bank Friday during a White House ceremony, replacing Jerome Powell.
Business
Chinese Fast-Fashion Giant Shein to Acquire Everlane
Shein is acquiring the U.S.-based sustainable clothing retailer Everlane as the latter struggles with declining sales and mounting debt.
Business
Guzman y Gomez Exits US Market Citing High Costs and Crowded Market
The Australian Mexican-themed fast-food chain will close its US operations and refocus on its home market after poor sales performance.
Business
Oil Prices Jump Over 3% After Iran Supreme Leader Orders Uranium to Stay in Country
Global crude markets reacted sharply to a directive from Iran's Supreme Leader regarding enriched uranium, complicating ongoing peace talks with the United States.
Business
Air France and Airbus Found Guilty of Corporate Manslaughter in 2009 Crash
A Paris appeals court has convicted the airline and aircraft manufacturer over the Rio-Paris disaster that killed 228 people.
Business
SpaceX Files Paperwork for Potential Record-Breaking IPO
Elon Musk's rocket and satellite company has submitted preliminary filings for an initial public offering that could be the largest in history.
Business
UK strikes £3.7bn trade deal with six Gulf states
Prime Minister Keir Starmer describes the agreement as a "huge win" for British business, marking the first G7 country to strike such a deal with the bloc.
Business
Intuit to lay off 3,000 employees to refocus on AI
The software company is cutting approximately 17% of its global workforce to streamline operations and prioritize AI-driven products.
Business
Over 47,000 Samsung Electronics Workers Set to Strike
Wage negotiations between the world's largest memory-chip maker and its union have broken down, leading to a planned strike on Thursday.