Verizon's new CEO plans to cut 15,000 U.S. jobs, its largest-ever layoffs, as the telecom faces rising competition and a shrinking customer base.
iPhone sales in China jumped 22% after the iPhone 17 launch, with the new series making up nearly 80% of units sold despite a softening market.
Bank of America and BNY Mellon asked a judge to dismiss suits claiming they aided Jeffrey Epstein by ignoring warnings about his sex-trafficking activities.
JPMorgan has grown its Dubai operations to boost business with mid-sized firms in the Middle East, challenging rivals and considering further expansion in Turkey.
Allianz's Q3 net profit rose 15% to €2.85B, beating forecasts and coming after the insurer raised its full-year outlook.
RTX will take a $300M Q4 charge after transferring $2.5B in pension obligations for 60,000 retirees to Prudential through an annuity buyout.
Burberry returned to growth with Q2 sales up 2%, its first rise in two years, driven by a China rebound and CEO Joshua Schulman's new focus on outerwear and scarves.
A Chinese national, identified as the architect of a massive Ponzi scheme, was sentenced to over 11 years in a UK prison for laundering billions in fraudulent proceeds into Bitcoin cryptocurrency.
New data highlights the rising financial burden on American families, with the total annual health insurance payment for a family in the US reaching an average of nearly $27,000 for the first time.
Rolls-Royce kept its profit forecast of £3.1–£3.2B, boosted by higher airline flying hours and rising data centre orders, despite supply chain issues.
GE Vernova and Siemens Energy are in talks to supply turbines for a $7B project to rebuild Syria's power sector, including 4 gas plants and a 1,000-MW solar unit.
IBM unveiled its new quantum chip, Loon, marking progress toward practical quantum computers that could solve complex problems faster than classical machines.
Shell is contesting its arbitration loss to U.S. LNG producer Venture Global in New York, following BP's $1B-plus win over similar contract disputes.
AMD expects $100B in data center chip revenue within five years, aiming to triple earnings; shares rose 4% after a 2.7% drop in regular trading.
Trump will host a private White House dinner with top business leaders, including the CEOs of Nasdaq and JPMorgan, to boost ties and strengthen U.S. markets.
TotalEnergies signed a 15-year deal to supply Google with 1.5 TWh of solar power from its nearly complete Montpelier solar farm in Ohio to run data centers.
Foxconn's Q3 profit rose 17% to T$57.67B, beating forecasts, driven by strong AI server demand that's expected to boost growth next year.
GM has told thousands of suppliers to stop using parts from China and shift supply chains elsewhere, aiming to cut China ties by 2027.
PayPal is relaunching in the UK, offering debit and credit cards, plus its PayPal+ loyalty program, nearly two years after post-Brexit restructuring.
SoftBank sold its entire Nvidia stake for $5.83B and part of its T-Mobile stake for $9.17B to boost funds and support its big bet on OpenAI.
Porsche's 9-month profit fell over a third as Porsche AG's crisis hit earnings. The family-controlled firm holds 31.9% of VW shares and 12.5% of Porsche AG.
SoftBank's Q2 net profit surged to $16.6B, over double last year's, boosted by OpenAI valuation gains far above analysts forecast.
Vodafone raised its full-year outlook after Germany growth, expecting upper-end results: earnings of €11.3–11.6B and free cash flow of €2.4–2.6B.
Sony raised its profit forecast 8% for FY ending Mar 2026, boosted by strong music, anime, and chip sales, with limited U.S. tariff impact.