GM and Hyundai plan to jointly develop 5 vehicles to cut costs, with 4 models set for 2028 launch in Latin America, offering both gas and hybrid options.
Brian Robbins steps down as Paramount Global co-CEO after its Skydance merger. David Ellison will lead the new company as CEO starting August 7.
Toyota will build a new factory in Toyota City, Japan, set to open in the early 2030s. Production models and other details are yet to be decided.
Uber launches $20B buyback, sees Q3 bookings beat estimates. Uber One members hit 36M, driving 1/3 of bookings and 3x more profit than single-service users.
McDonald's Q2 global same-store sales rose 3.8%, beating estimates of 2.4%, driven by value deals and strong U.S. and international demand.
German industrial orders fell 1% in June for the second month, hit by weak foreign demand and rising U.S. tariffs, data showed on Wednesday.
Sainsbury's is selling its travel money business to Ireland's Fexco. The deal's financial terms weren't disclosed.
Wells Fargo expands AI use with Google Cloud to aid staff across roles, automating tasks and boosting efficiency with Google's Agentspace platform.
UK services sector saw biggest drop in new orders in 3 years, raising pressure on the Bank of England to cut rates from 4.25% amid economic slowdown fears.
Walt Disney's ESPN will acquire NFL Network and more, giving the NFL a 10% stake in ESPN to boost content for its upcoming streaming service.
Trump plans to soon announce a Fed board pick and possibly a new chair, after Gov. Kugler's early exit. Treasury Sec. Bessent is no longer being considered.
Intel's key 18A chip tech faces quality issues, risking its plan to rival TSMC and boost U.S. chipmaking despite heavy investment in factories and R&D.
Pfizer raised its 2025 profit forecast on strong Vyndaqel and Eliquis demand, despite a 20 cent a share charge from a cancer drug deal with China's 3SBio.
Palantir topped $1B in Q2 revenue for the first time, beating estimates. EPS hit 16 cents per share.
Topgolf CEO Arthur Starrs will succeed Jochen Zeitz as Harley-Davidson CEO, as the company faces tariffs and slowing demand for its cruiser motorcycles.
Trump threatened higher tariffs on India over Russian oil buys. India called the claim unjustified and vowed to defend its economic interests.
Moderna cut its 2025 revenue outlook due to UK shipment delays, despite beating Q2 estimates. Shares fell 9% as it plans 10% job cuts amid weak vaccine sales.
Trump fired BLS chief Erika McEntarfer after May-June job gains were cut by 258K—the largest revision since 1979, excluding the COVID-19 era.
BP made its biggest oil and gas discovery in 25 years in Brazil's deepwater Santos basin, refocusing on fossil fuels to boost investor confidence.
Samsung Electro-Mechanics will supply camera modules for Tesla's Optimus robots, deepening ties after a major foundry deal between Tesla and Samsung Electronics.
Japan PM Ishiba said he's ready to talk with Trump to speed up U.S. auto tariff cuts, despite criticism for not signing a formal deal last month.
OPEC+ countries have agreed to boost oil production by 547,000 barrels per day, a move that could impact global energy prices.
Over 3,200 Boeing jet workers in Missouri and Illinois strike after rejecting a contract with a 40% raise. Boeing plans to use non-union staff.
Exxon Mobil beat Q2 profit estimates with $7.1B earnings ($1.64/share), boosted by higher output despite lower oil prices. Estimate was $1.56/share.