Tesla will invest hundreds of millions more to produce up to 8 GWh of battery cells annually at its German gigafactory from 2027.
US retail sales were flat in October, missing forecasts, as higher living costs pressured lower-income consumers despite steady overall spending.
White House plans order to curb buybacks, dividends and executive pay at major Pentagon contractors.
Kraft Heinz appoints ex-Kellogg CEO Steve Cahillane to lead a split into two companies as sales lag and shares trail peers.
JPMorgan's global investment banking chair Jamie Grant will retire early next year after more than 40 years at the bank.
EU plans to allow up to 10% non-electric cars after 2035, backing hybrids and e-fuel vehicles amid industry pressure.
U.S. Treasury rejects Xtellus-led offer for Lukoil's $22B global assets. Exxon, Chevron and others remain in the race.
Kering and Ardian finalize a $900M New York property JV. Ardian takes 60% stake, Kering keeps 40%.
Tesla directors earned over $3B from stock awards. Kimbal Musk nearly $1B, Ehrenpreis $869M, Denholm $650M, far above peers.
Ford takes a $19.5B charge, cancels some EVs, and shifts focus to gas and hybrids to match U.S. buyer demand.
A California jury awarded $40 million to two women, finding J&J knew its talc baby powder risks but failed to warn, leading to ovarian cancer.
A bold bid for Warner Bros. Discovery highlights a boom in big M&A deals, fueled by Wall Street cash, Middle East money and Trump's dealmaking influence.
European gas falls below €28/MWh as US LNG floods market, despite early winter and low storage; Germany at 67% capacity, 20% below norm.
China's economy stalled in November as factory output and retail sales hit multi-year lows, fuelling calls to cut export reliance and push reforms.
SpaceX plans a 2026 IPO after a $2.56B insider share sale valuing it at $800B, driven by Starlink growth and Moon–Mars ambitions.
Japan's business mood hit a 4-year high, reinforcing expectations the BOJ will hike rates this week despite firms warning of weaker conditions ahead.
A U.S. lawmaker seeks details on Trump's approval for Nvidia to sell H200 AI chips to China, warning it could weaken U.S. tech advantage.
JPMorgan CEO Jamie Dimon signals support for Kevin Warsh as next Fed chair, as Trump weighs Warsh or Kevin Hassett.
Hang Seng's board backs HSBC's $13.6B take-private bid, urging minority investors to approve the buyout of remaining shares.
Indonesia expects to conclude tariff negotiations with the U.S. by year-end, despite recent tension over alleged backtracking as officials head to Washington next week.
Broadcom shares fell 5% after it warned margins will decline as AI grows in its revenue mix, deepening investor worries over slowing AI payoffs amid a broader tech selloff.
Novo Nordisk launched Ozempic in India, pricing weekly doses from $24 as it targets the fast-growing diabetes and weight-loss market ahead of 2026 generic competition.
Bank of America will promote 40 tech executives to managing director on Jan. 1—more than double last year—as it ramps up investment in digital productivity tools.
Lululemon CEO Calvin McDonald will step down in January; shares rose after the company boosted its profit outlook. U.S. sales remain weak as competition intensifies.