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Nvidia Loses 8% of Value After Hitting Record on Oct. 29
Nvidia shares are down about 8% since hitting a record on Oct. 29, underperforming the S&P 500 Index as investors grow concerned about the sustainability of artificial intelligence spending and the chipmaker’s grip on the market.

By The Financial District
Jan 81 min read


Meta to Buy Chinese Startup Manus to Boost Advanced AI
Meta said it would acquire Chinese-founded artificial intelligence startup Manus as the technology giant accelerates efforts to integrate advanced AI across its platforms.

By The Financial District
Jan 81 min read


Tesla Vehicle Deliveries Disappoint Analysts
Tesla Inc. published a compilation of analyst estimates for vehicle deliveries on its website, and the averages for the current quarter are more pessimistic than those gathered by Bloomberg.

By The Financial District
Jan 71 min read


Lululemon Founder Launches Proxy Fight for New CEO
Lululemon founder Chip Wilson is seeking changes to the company’s board in a proxy fight launched as it searches for a new chief executive officer.

By The Financial District
Jan 71 min read


Nvidia Completes Purchase of $5-B in Intel Shares
Intel said in a regulatory filing that it has completed the sale of roughly 215 million shares worth about $5 billion to Nvidia.

By The Financial District
Jan 71 min read


Swiss Probers Say Flares Atop Wine Bottles Caused Deadly Bar Fire
Swiss investigators said that they believe sparkling flares placed atop Champagne bottles ignited the fatal fire at a ski resort after coming too close to a crowded bar’s ceiling.

By The Financial District
Jan 71 min read


Saks CEO Steps Down as Luxury Retailer is Battered by Debt
The top executive of the private company that owns Saks Fifth Avenue and Neiman Marcus is stepping down as it struggles with debt taken on to buy a rival nearly two years ago.

By The Financial District
Jan 71 min read


Trump Orders Divestment in $2.9 Million Chips Deal Over Security Issues
President Donald Trump has ordered the unraveling of a $2.9 million computer chips deal, saying it threatened US national security if the current owner, HieFo Corp., remained in control of the technology.

By The Financial District
Jan 61 min read


BYD Hits Sales Goal, may Topple Tesla as Biggest EV Maker
BYD Co. met its full-year sales target and likely surpassed Tesla Inc. to become the world’s largest electric-vehicle maker in 2025 — milestones overshadowed by a challenging outlook for China’s auto market in the year ahead.

By The Financial District
Jan 61 min read


Lawmaker Says He Will "Miss Thiel, Other Billionaires" if They Leave California
A proposed California ballot measure that would raise taxes on the state’s wealthiest residents has prompted billionaire investor and Trump supporter Peter Thiel to consider cutting ties with the state.

By The Financial District
Jan 61 min read


Korea Zinc to Open Zinc Smelter in Tennessee
Korea Zinc has partnered with the US Department of Defense and the Department of Commerce to build a $6.6-billion smelter in the United States, backed by $800 million in working capital and financing support.

By The Financial District
Jan 61 min read


Berkshire to Keep Japanese Trading House Stakes After Buffett’s Exit
U.S. investment firm Berkshire Hathaway Inc. plans to retain its holdings in five major Japanese trading houses over the long term, even after the departure of CEO Warren Buffett.

By The Financial District
Jan 61 min read


Once-Popular Sandwich Chain Quietly Shuts Nearly 2,000 Locations
Subway has endured a series of scandals over the years, including the downfall of its longtime advertising pitchman, who was later jailed on child pornography and sex-related charges.

By The Financial District
Jan 61 min read


Global Output of Japanese Automakers Down 6.4% in November
Global vehicle production at eight major Japanese automakers fell 6.4% from a year earlier to 1.98 million units in November.

By The Financial District
Jan 51 min read


Elon Musk Plans Mass Production of Neuralink Chips This Year
Elon Musk plans to ramp up production of Neuralink brain chips this year. Neuralink develops brain-chip implants designed to help people with paralysis or neurological disorders.

By The Financial District
Jan 51 min read


TSMC Starts Production of “Most Advanced” 2-Nanometer Chips
Taiwanese technology giant TSMC has begun mass production of its cutting-edge 2-nanometer semiconductor chips.

By The Financial District
Jan 51 min read


China Urges Netherlands to Correct Nexperia “Mistakes”
China has urged the Netherlands to correct what it described as “mistakes” related to chipmaker Nexperia and to remove obstacles to ensuring the stability of the global chip production and supply chain.

By The Financial District
Jan 51 min read


Nvidia Sounds Out TSMC on H200 Chip Orders as China Demand Jumps
Nvidia is scrambling to meet strong demand for its H200 artificial intelligence chips from Chinese technology companies and has approached contract manufacturer Taiwan Semiconductor Manufacturing Co. (TSMC) to ramp up production.

By The Financial District
Jan 51 min read


Lowe’s Acquires Smaller Competitor in Massive $8.8-B Deal
Lowe’s, one of the nation’s leading home improvement chains, has acquired competitor Foundation Building Materials (FBM) in an $8.8 billion deal.

By The Financial District
Jan 51 min read


Ousted Ben & Jerry’s Chairwoman Says Magnum Aimed to “Smear” Her
The ousted chairwoman of Ben & Jerry’s has accused the company that owns the brand of threatening to launch a public smear campaign against her.

By The Financial District
Jan 21 min read


Sony Buys Majority Stake in "Peanuts" for $457 Million
Sony is buying a 41% stake in Charles M. Schulz’s comic strip Peanuts and its characters — including Snoopy and Charlie Brown — from Canada’s WildBrain in a $457 million deal.

By The Financial District
Jan 21 min read


Minnesota Jury: J&J Owes $65.5-M to Cancer Victim Who Used Talcum Powder
A Minnesota jury has awarded $65.5 million to a mother of three who said talcum powder products made by Johnson & Johnson exposed her to asbestos and contributed to her developing cancer in the lining of her lungs.

By The Financial District
Jan 21 min read


GM V8 Recall Sparks Lawsuit Over Repair Adequacy
General Motors is facing a consolidated federal legal challenge as multiple lawsuits tied to failures in its 6.2-liter V8 L87 engine have been merged into a single case.

By The Financial District
Jan 21 min read


Morgan Stanley Seen as Front-Runner for SpaceX IPO
Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering, as the bank’s close ties to CEO Elon Musk give it an edge in the decision.

By The Financial District
Jan 11 min read
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