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China’s EV Makers Turn On BYD As Price War Escalates
Tensions among China’s top electric vehicle (EV) manufacturers have escalated sharply as the long-running dispute between BYD and Great Wall Motor over emissions compliance reignited and drew in a new critic: Geely.

By The Financial District
Jun 11, 20251 min read


SM Prime Eyes 7 New Hotels
SM Hotels and Convention Corp. (SMHCC), the hospitality arm of SM Prime Holdings Inc. (SM Prime), is accelerating its national expansion with seven new hotel projects scheduled for completion by the end of 2029.

By The Financial District
Jun 11, 20252 min read


Apple Loses Bid To Halt Court Ruling Blocking Fees From Its iPhone App Store
A three-judge appeals panel rejected Apple’s request to pause an April 30 order banning the company from charging fees on in-app iPhone transactions processed outside its previously exclusive payment system.

By The Financial District
Jun 11, 20251 min read


Lululemon Shares Plunge As Trump Tariffs Bite
Lululemon shares plunged more than 20% after the company cut its annual profit forecast, citing the impact of tariffs and concerns about a slowing U.S. economy.

By The Financial District
Jun 10, 20251 min read


Dr. Martens Profits Slump By More Than 90%
The maker of the iconic Dr. Martens footwear has seen its profits fall by more than 90% over the past year.

By The Financial District
Jun 10, 20251 min read


Tesla Loses $150-B In Market Value Amid Musk–Trump Feud
Tesla shares plunged as President Donald Trump publicly clashed with the electric vehicle maker’s billionaire CEO, Elon Musk, his self-proclaimed “First Buddy.”

By The Financial District
Jun 10, 20251 min read


Rio Tinto In Bailout Talks For Aussie Smelter
Global miner Rio Tinto is in talks with the Australian federal and state governments about a multibillion-dollar bailout for its struggling Tomago aluminum smelter in New South Wales.

By The Financial District
Jun 10, 20251 min read


Nippon Steel, U.S. Seek 8-Day Pause In Litigation To Resolve Deal Issues
Nippon Steel and the Trump administration have asked a US appeals court to extend a pause in their litigation for eight days to allow more time to reach a deal enabling the Japanese firm to buy US Steel for $14.9 billion.

By The Financial District
Jun 10, 20251 min read


Nvidia CEO Jensen Huang Says Its Auto Business Has Multitrillion-Dollar Opportunity
Flying under the radar of Nvidia’s AI-driven earnings surge is one of the chipmaker’s smaller but fast-growing businesses—automotive.

By The Financial District
Jun 10, 20251 min read


Hackers Are Stealing Companies’ Salesforce Data: Google
If you’re one of Salesforce’s more than 150,000 customers, listen up.

By The Financial District
Jun 10, 20251 min read


Amazon To Invest $10 Billion In North Carolina
Amazon says it will invest $10 billion to expand its cloud computing and artificial intelligence (AI) infrastructure in North Carolina.

By The Financial District
Jun 10, 20251 min read


Trump–Musk War Of Words Escalates
Tensions between President Donald Trump and Elon Musk has erupted into a full-blown public feud as Trump criticized the Tesla and SpaceX CEO for turning on legislation he once supported.

By The Financial District
Jun 9, 20251 min read


Kimberly-Clark Sells Majority Stake In Tissue Unit To Brazil’s Suzano
Kimberly-Clark announced that it has struck a deal with Brazilian pulp maker Suzano to sell a majority stake in its international tissue business, valuing the unit at about $3.4 billion.

By The Financial District
Jun 9, 20251 min read


Tesla Stock Plunges 14% As Trump Threatens Musk’s Businesses
Tesla stock has been plummeting of late as tensions between CEO Elon Musk and President Trump boiled over.

By The Financial District
Jun 9, 20251 min read


WNBA’s Future Sanguine As Attendance Rises, Team Valuations Climb
Optimism about the WNBA’s future extends well beyond the hype surrounding Indiana Fever superstar Caitlin Clark.

By The Financial District
Jun 9, 20251 min read


Toyota Takes Key Supplier Private In $33 Billion Deal
Toyota Motor will take Toyota Industries, a key supplier and forklift manufacturer, private in a $33 billion deal that could strengthen the founding Toyoda family’s control over the group.

By The Financial District
Jun 7, 20251 min read


Dollar General Posts Record Sales As Bargain Stores Surge
Dollar General reported record quarterly sales of $10.44 billion and raised its annual profit and sales forecasts as more Americans turn to discount retailers during economic uncertainty.

By The Financial District
Jun 7, 20251 min read


Cartier Tells Customers Some Data Were Stolen in Cyberattack
Cartier, the luxury jewelry house owned by Richemont, has disclosed that its website was hacked and some client data were compromised.

By The Financial District
Jun 6, 20251 min read


Tesla's Popularity Plummets in Canada as EV Shoppers Turn Away
Only 13% of Canadian EV shoppers now say they’d consider buying a Tesla — down from 29% a year ago — marking a 55% drop.

By The Financial District
Jun 5, 20251 min read


U.S. Orders Companies To Stop Software Sales To China
The Trump administration has effectively cut off some U.S. companies from selling software used to design semiconductors to China.

By The Financial District
Jun 5, 20252 min read


$7 Trillion In Cash on Sidelines as Investors Await Nvidia Earnings
With around $7 trillion sitting in cash funds, institutional investors are eyeing Nvidia’s earnings report for a possible trigger to re-enter equities.

By The Financial District
Jun 4, 20251 min read


Apple Faces Mounting Pressure as Trump’s Tariffs Threaten Production
Apple shares are facing their worst selloff in over three years as President Trump’s threats of new tariffs cast a shadow over the company’s global supply chain.

By The Financial District
Jun 4, 20251 min read


CEO Pay Rose 10% In 2024 Amid Soaring Stock Prices, Corporate Profits
Chief executive officers at S&P 500 companies saw their median compensation rise nearly 10% in 2024, as stock markets surged and profits hit record highs.

By The Financial District
Jun 4, 20251 min read


FTC Requires Synopsys And Ansys To Divest Assets In $35-B Merger Deal
The U.S. Federal Trade Commission announced Wednesday it will require software firms Synopsys and Ansys to divest certain assets to resolve antitrust issues tied to their $35-billion merger.

By The Financial District
Jun 3, 20251 min read
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