News

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Thu, 06 Nov 2025 03:30:04 GMT

Google and Epic settle antitrust case

Google and Epic Games reached a U.S. court settlement over Android and app store practices, agreeing on reforms to cut fees, boost competition, and expand choices.

Wed, 05 Nov 2025 21:30:04 GMT

BP wins arbitration case

BP won a $1B+ arbitration against Venture Global, arguing unfair behavior. The win came two months after Shell lost a similar LNG case without using that argument.

Wed, 05 Nov 2025 18:30:04 GMT

BMW profit beats forecast

BMW's Q3 car unit margin rose to 5.2%, beating forecasts despite U.S. and EU tariffs and strong China competition, up from 2.3% a year earlier.

Wed, 05 Nov 2025 15:30:04 GMT

Amazon wins $38B OpenAI deal

Amazon's $38B cloud deal with OpenAI boosts AWS after losing ground to Microsoft and Google, marking a major win for its cloud business despite recent setbacks.

Wed, 05 Nov 2025 12:30:08 GMT

U.S. Steel to invest with Nippon Steel

U.S. Steel and Nippon Steel launch a multi-year growth plan, targeting $14B in U.S. investments, with $11B set to be invested by the end of 2028.

Wed, 05 Nov 2025 09:30:07 GMT

Ferrari slashes price hikes

Ferrari cut U.S. price hikes to a max of 5% after a deal lowered tariffs on European imports, down from the 10% increase announced after Trump's 27.5% levy.

Wed, 05 Nov 2025 06:30:06 GMT

UK may raise taxes

UK finance minister Rachel Reeves signaled broad tax hikes to protect public services and cut debt, calling her upcoming budget one of "hard choices" amid weak growth.

Wed, 05 Nov 2025 03:30:04 GMT

Starbucks sells China unit

Starbucks will sell control of its China business to Boyu Capital for $4B, aiming to boost growth amid local rivals offering much cheaper coffee.

Tue, 04 Nov 2025 21:30:04 GMT

Norway to vote against Elon Musk's pay package

Norway's $1.7T wealth fund will vote against Tesla CEO Elon Musk's proposed $1T pay package, calling it excessive ahead of the Nov. 6 shareholder meeting.

Tue, 04 Nov 2025 18:30:04 GMT

Nintendo raises forecasts

Nintendo raised its profit forecast by 16% to ¥370B and boosted Switch 2 sales target to 19M units for the year ending March 2026.

Tue, 04 Nov 2025 15:30:03 GMT

Novo Nordisk's CEO under pressure

Novo Nordisk's new CEO Mike Doustdar faces investor scrutiny as the Wegovy maker reports Q3 results and eyes a bidding war with Pfizer.

Tue, 04 Nov 2025 12:35:03 GMT

OpenAI signs a deal with Amazon

OpenAI signed a 7-year, $38B deal with Amazon for cloud services, gaining access to Nvidia GPUs to boost its AI model training and operations.

Tue, 04 Nov 2025 12:30:03 GMT

Japanese PM Takaichi: $550B U.S. deal stays, government promises unchanged

Japanese PM Takaichi said she won't renegotiate the $550B U.S. investment deal, stressing that government promises should remain unchanged.

Tue, 04 Nov 2025 09:30:06 GMT

Blackwell AI chips only for U.S

Trump said Nvidia's top Blackwell AI chips will be reserved for U.S. firms only, blocking sales to China and other countries.

Tue, 04 Nov 2025 06:30:04 GMT

Heineken faces efficiency challenge

Heineken vowed to boost revenue and cut costs, but investors say deeper moves like plant closures may be needed to improve efficiency and revive growth.

Tue, 04 Nov 2025 03:30:04 GMT

Volkswagen gets a credit line

Volkswagen got $426M in credit from Brazil's BNDES to develop hybrid cars and boost exports, aiming to launch hybrid versions of all new South American models by 2026.

Mon, 03 Nov 2025 21:30:04 GMT

Ryanair posts higher profits

Ryanair posted higher-than-expected half-year profit and raised its traffic forecast, citing early Boeing deliveries and strong demand, expecting profit growth.

Mon, 03 Nov 2025 18:30:04 GMT

BP sells stakes to cut costs

BP will sell its Permian and Eagle Ford midstream stakes for $1.5B to Sixth Street funds, part of its $20B divestment plan to cut costs by 2027.

Mon, 03 Nov 2025 15:30:05 GMT

ExxonMobil to have possible exit from EU

ExxonMobil warns it may quit the EU unless a new sustainability law—fining firms 5% of global revenue for violations—is eased, CEO Darren Woods said.

Mon, 03 Nov 2025 12:30:04 GMT

Bank of England to hold rates

The Bank of England is expected to hold rates at 4% on Thursday after recent soft inflation and wage data, pausing cuts for the first time since last year.

Mon, 03 Nov 2025 09:30:05 GMT

Chevron beats estimates

Chevron beat Q3 estimates with $3.6B profit ($1.85/share) as record output from its $55B Hess deal and strong refining margins boosted results.

Mon, 03 Nov 2025 06:35:03 GMT

Netflix looking for Warner Bros

Netflix may bid for Warner Bros Discovery's studio and streaming arm, hiring Moelis & Co and gaining access to key financial data for evaluation.

Mon, 03 Nov 2025 06:30:04 GMT

Morgan Stanley sees gold higher

Morgan Stanley sees gold rising to $4,500/oz by mid-2026, driven by strong ETF and central bank demand amid economic uncertainty.

Mon, 03 Nov 2025 03:30:07 GMT

Apple sees higher sales numbers in holidays

Apple forecast holiday-quarter iPhone and revenue growth above estimates, driven by strong iPhone 17 demand, despite supply issues and China shipping delays.

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