Five years ago, Ohio’s most revered entrepreneur Les Wexner stepped down as chairman of L Brands and soon began selling off his stake in the Victoria’s Secret parent company.

Artificial intelligence (AI) juggernaut Nvidia has crossed another milestone: a $4 trillion valuation, the largest in history.

German auto giant Volkswagen has announced the suspension of deliveries of its ID. Buzz electric minivan due to a technical issue—amid reports that the decision was also influenced by costly U.S. tariffs on imported vehicles.

A once-leading candidate to replace Tim Cook as Apple’s CEO has instead announced his retirement.

Meta Platforms Inc. has acquired a minority stake in EssilorLuxottica SA, the world’s largest eyewear manufacturer.

Nvidia is approaching a historic $4 trillion market valuation, with its stock closing at a record $160 per share.

Starbucks is exploring a stake sale in its Chinese operations, with offers valuing the business at between $5 billion and $10 billion.

Meta has poached Ruoming Pang, the head of Apple’s artificial intelligence (AI) models team, marking a major setback for Apple’s AI ambitions.

Jurassic World Rebirth, from Comcast’s Universal Pictures, roared to the top of the global box office, notching the biggest opening of 2025 and continuing a strong summer run for Hollywood.

China deployed its embassies to cast doubt on the performance of French-made Rafale fighter jets following their involvement in combat during the India-Pakistan clashes in May, according to French military and intelligence officials.

The United States will resume discussions with China early next week regarding a potential deal over the TikTok short-video app.

Linda Yaccarino, CEO of X, has announced her resignation after just over two years at the helm of the platform formerly known as Twitter.

A strike by French air traffic controllers seeking better working conditions brought chaos at the height of Europe’s summer travel season, with around 40% of flights to and from Paris canceled.

Shell Plc said its second-quarter results will be impacted by weaker performance from its renowned oil and gas trading operations.

Apple Inc. has appealed a €500 million ($580 million) fine from the European Union, calling the penalty “unprecedented” and the regulator’s mandated changes to its App Store “unlawful.”

Microsoft has announced that it will cut approximately 9,000 jobs—just under 4% of its global workforce—in its largest round of layoffs since 2023.

Tariffs have hit electric vehicle maker Rivian, which reported a sharp fall in second-quarter deliveries as demand for its EVs declined amid increased competition and tariff-driven economic uncertainty.

A new analysis finds that a key group of U.S. employers would face direct costs of $82.3 billion under President Donald Trump’s current tariff proposals.

Luckin Coffee, China’s largest coffee chain and a direct competitor to Starbucks, opened its first two U.S. locations in New York City.

Just hours before the Senate voted to pass President Donald Trump’s tax and spending bill, Elon Musk reignited his political activism.

Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is seeking a buyer.

The Power Sector Assets and Liabilities Management (PSALM) Corporation has remitted a record-high ₱8.96 billion in dividends to the National Treasury, reflecting its robust financial performance for fiscal year 2024.

CBS News parent company Paramount Global has agreed to pay $16 million to settle a defamation lawsuit filed by President Donald Trump over a 60 Minutes segment aired last fall.

Tesla reported a sharp 13% decline in vehicle deliveries for the second quarter of 2025, as the company continues to face consumer boycotts over CEO Elon Musk’s political alignments.