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Chinese Battery Maker CATL Expects Hungarian Production to Start Next Year
Chinese battery maker CATL’s new plant in Hungary is expected to begin production by early next year, its general manager for Europe said Sunday, as the company expands in the region.

By The Financial District
Sep 11, 20251 min read


Dollar Stores Attract Well-Heeled Americans Looking to Save
To understand how Americans are coping with economic uncertainty, just look at dollar stores.

By The Financial District
Sep 10, 20251 min read


Tesla’s U.S. Market Share Drops to Lowest Level Since 2017
Tesla’s U.S. market share fell to its lowest point in nearly eight years in August, as buyers opted for electric vehicles (EVs) from a growing roster of rivals over the company’s aging lineup.

By The Financial District
Sep 10, 20251 min read


‘Denim Is Having a Moment’ as Buyers Flock to Sturdy Apparel
The hottest trend in the apparel world right now is a classic American staple — denim.

By The Financial District
Sep 10, 20251 min read


ASML Is Now Mistral AI’s Biggest Shareholder
ASML, a crucial supplier of advanced chipmaking equipment, is set to become the top shareholder of French artificial intelligence (AI) startup Mistral AI in a move to strengthen European tech sovereignty.

By The Financial District
Sep 10, 20251 min read


Microsoft Cloud Services Disrupted by Red Sea Cable Cuts
Microsoft’s Azure cloud services faced disruptions due to undersea cable cuts in the Red Sea.

By The Financial District
Sep 10, 20251 min read


Google won’t be Forced to Sell Chrome, Judge Rules
Google won’t be forced to sell Chrome after a federal district judge ruled divestment a “poor fit” in a landmark antitrust case, though the company will have to share data that helped it maintain its search monopoly.

By The Financial District
Sep 8, 20251 min read


Suntory Chairman Takeshi Niinami Steps Down After Probe on Supplement
Suntory Holdings Ltd. Chairman and CEO Takeshi Niinami has stepped down amid an ongoing investigation into the alleged purchase of a dietary supplement suspected of being illegal in Japan.

By The Financial District
Sep 8, 20251 min read


U.S. Scraps TSMC’s Waiver for Shipments of Chips to China
The US has revoked Taiwan Semiconductor Manufacturing Co.’s authorization to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing production capabilities at that older-generation facility.

By The Financial District
Sep 8, 20251 min read


Texas Tesla Axes Contractor at Giga Texas, 82 Workers Laid Off
Tesla abruptly terminated its contract with MPW Industrial Services at Gigafactory Texas, leaving 82 employees jobless overnight.

By The Financial District
Sep 8, 20251 min read


Giorgio Armani, Who Dressed the Powerful and Famous, Dies at 91
Giorgio Armani, the iconic Italian designer who turned understated elegance into a multibillion-dollar fashion empire, has died, his fashion house confirmed. He was 91.

By The Financial District
Sep 6, 20251 min read


Ford Recalls 500,000 Vehicles Over Brake Issue
Ford is recalling nearly 500,000 vehicles due to a brake defect that could increase crash risk.

By The Financial District
Sep 6, 20251 min read


Wall Street Analysts, Investors Split on Aramco
Saudi Aramco shares have sunk to record lows, but Wall Street analysts remain bullish. Of the 19 banks actively covering the oil giant, 13 — including Bank of America, Citigroup, Goldman Sachs, and JPMorgan — rate the stock a buy.

By The Financial District
Sep 5, 20251 min read


Massive Liquidations Hit Trump Family’s Crypto on Labor Day Launch
World Liberty Financial (WLF), a DeFi project co-founded by former President Donald Trump and his sons Donald Jr., Eric, and Barron, faced major liquidations on its Labor Day token launch.

By The Financial District
Sep 5, 20251 min read


Alibaba Gains $50 Billion in Value
Alibaba shares jumped nearly 20% after the company reported triple-digit percentage growth in AI-related product revenue.

By The Financial District
Sep 5, 20251 min read


Nestlé Fires CEO After Discovering Amorous Ties with Subordinate
Nestlé dismissed CEO Laurent Freixe after an investigation revealed an undisclosed relationship with a direct subordinate.

By The Financial District
Sep 5, 20251 min read


Gilbert Santa Maria Named New MPTC President and CEO
Metro Pacific Investments Corporation (MPIC) has announced the appointment of Gilbert Gabriel F. Santa Maria as President and Chief Executive Officer of Metro Pacific Tollways Corporation (MPTC), effective September 1, 2025.

By The Financial District
Sep 5, 20252 min read


Volkswagen Faces $30M Compensation for Labor Abuses in Brazil
Brazil’s labor court has ordered Volkswagen to pay 165 million reais (about $30 million) for collective moral damages after workers were subjected to slave-like conditions at a company-owned Amazon farm in the 1970s and 1980s.

By The Financial District
Sep 4, 20251 min read


Japanese Camera Makers Ramp Up Mirrorless Lineups as Demand Rises
Major Japanese camera manufacturers are expanding their mirrorless offerings to meet growing demand for advanced features such as AI-assisted shooting.

By The Financial District
Sep 4, 20251 min read


Apple to Unveil New Phones, Watches at September 9 Event
Apple’s September 9 event, set for 1 p.m. Eastern, comes at a critical moment for one of the world’s most valuable companies.

By The Financial District
Sep 4, 20251 min read


Jewelry Boss in £170-M Scam Told Shop Staff to Pretend to Be Customers
Staff at a luxury jewelry retailer were instructed to pose as customers to mislead investors in the UK’s biggest diamond fraud.

By The Financial District
Sep 4, 20251 min read


Seven & i Completes Supermarket Spin-Off to Focus on Convenience Stores
Seven & i Holdings Co. said it has completed the sale of a subsidiary operating about 30 retailers, including the struggling Ito-Yokado supermarket chain.

By The Financial District
Sep 4, 20251 min read


BYD Shares Slide as China’s EV Price War Hits Profits
Shares in Chinese electric vehicle maker BYD fell as much as 8% on this week after the company reported a sharp drop in profit amid an intensifying price war in China’s auto sector.

By The Financial District
Sep 4, 20251 min read


Cracker Barrel Co-Founder, 93, Slams Rebranding "Disaster"
Tommy Lowe, the 93-year-old co-founder of Cracker Barrel, criticized the restaurant chain’s executives, saying they learned an expensive “I told you so” lesson after abandoning their modernized logo following backlash from MAGA supporters.

By The Financial District
Sep 3, 20251 min read
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