Business
Disney to Build a Magic Kingdom Theme Park in Abu Dhabi
Mickey Mouse is headed to the Middle East. In a new test for its singularly American brand, the Walt Disney Company said on Wednesday that…
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Company Reports
Business
Disney to Build a Magic Kingdom Theme Park in Abu Dhabi
Mickey Mouse is headed to the Middle East. In a new test for its singularly American brand, the Walt Disney Company said on Wednesday that…
Politics
Warren Buffett Criticizes Trump’s Trade Policies
Warren E. Buffett took a shot at President Trump’s efforts to use tariffs to batter global commerce on Saturday, as his $1.1 trillion…
News
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
Business
Tesla Chair Denies That Board Sought to Replace Elon Musk
The chair of Tesla’s board of directors denied a report that the company had begun to look for a replacement for Elon Musk, the chief…
Business
In an Uncertain Economy, McDonald’s Sees Spending Decline
Even value meals aren’t enough to get anxious consumers to spend. Despite efforts to entice customers to its restaurants, McDonald’s saw…
Business
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
Business
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come…
Business
Good Luck Getting Goldman Sachs to Even Say the Word ‘Tariff’
Goldman Sachs on Monday revealed its latest financial results and outlook for the future, and in a deft feat of linguistics, its…
Business
Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric…
Politics
Auto Sales Surged in Anticipation of Trump’s Tariffs
The auto industry witnessed a different kind of March madness last month as buyers flocked to dealerships to lock in deals before…
Business
Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings
Warren E. Buffett, the famed investor known for his enthusiasm for undervalued stocks and businesses, is feeling bullish these days about…
Business
Walmart Racks Up Sales Record but Sees Slower Growth Ahead
Walmart, the largest retailer in the United States, said on Thursday that strong holiday sales propelled its revenue to another annual…
Business
Green Energy Ambitions of European Companies Take a Beating
Rasmus Errboe, the new chief executive of the Danish offshore wind developer Orsted, sounded as if he had inherited a mess as he explained…
Business
Novo Nordisk Annual Sales Jump on Demand for Ozempic and Wegovy
Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, capped off a somewhat turbulent 2024, reporting profit and…
Business
Tesla’s European Sales Drop in January After Elon Musk Disrupts Politics
Tesla’s sales in Germany plunged 59 percent in January, the month when Elon Musk, the company’s chief executive and a close adviser to…
Business
New York Times Reports 350,000 Additional Digital Subscribers
The New York Times Company added 350,000 digital-only subscribers in the last quarter, the company said Wednesday, pushing the total…
Business
PepsiCo Adding Healthier Snacks as Its North American Sales Dip
Amid a national debate on highly processed foods and the rise of weight-loss drugs, the snack and beverage giant PepsiCo is responding by…
Business
Apple’s Revenue Increases 4 Percent Despite Slowing iPhone Sales
After Apple unveiled artificial intelligence features for iPhones last year, the company’s stock soared in anticipation that the new…
Politics
Meta Agrees to Pay Trump $25 Million to Settle His Lawsuit
Meta said on Wednesday that it had agreed to pay President Trump $25 million to settle a 2021 lawsuit he filed over the suspension of his…
Business
Tesla’s Profit Fell Sharply Last Year
Tesla on Wednesday reported a sharp drop in profit for 2024 as rivals in China, Europe and the United States chipped away at its lead in…
Business
Starbucks Reports Weak Earnings as It Tries to Woo Back Customers
Since taking over as chief executive of Starbucks last fall, Mr. Niccol has tried to come up with fixes for the many challenges facing the…
Business
S&P 500 Hits Record High Amid Strong Earnings and Easing Inflation Concerns
The S&P 500 clambered back to a record high on Thursday, inching above a peak reached in early December, after a rally that began with…
Culture
Netflix Adds 19 Million Subscribers in Final Quarter of 2024
Netflix ended 2024 with 302 million global subscribers and an annual operating income exceeding $10 billion for the first time in the…