Business News
Mark Zuckerberg just declared war on the entire advertising industry - The Verge
By Nilay Patel |May 1, 2025 |5 min read
In an interview with Stratechery, Meta’s CEO described a future in which all you need is a product and a bank account, and Facebook’s AI can do the rest.
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US Weighs Easing Nvidia Chip Curbs on UAE as Trump Plans Visit - Bloomberg.com
By Mackenzie Hawkins, Ben Bartenstein, Ryan Gould |May 1, 2025
The US is weighing a potential easing of restrictions on Nvidia Corp. sales to the United Arab Emirates, according to people familiar with the matter, who said President Donald Trump could announce the start of work on a bilateral chip deal during his upcomin…
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Tesla’s board reportedly sought a successor while Musk wheeled around Washington - TechCrunch
By Connie Loizos, Sean O'Kane |May 1, 2025
According to a new, brow-raising WSJ report, Tesla's board quietly began searching for Elon Musk's potential successor about a month ago, approaching
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Nvidia says Anthropic is telling 'tall tales' in its defense of U.S. AI chip restrictions on China - CNBC
By Kristina Partsinevelos • 1 day ago
President Donald Trump is reportedly working on updating the chip restrictions, adding another layer of uncertainty to the already contentious policy.
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CVS Beats Wall Street Expectations, Plans to Withdraw From ACA Business - WSJ
By Anna Wilde Mathews • 1 day ago
Healthcare company strikes a deal with Novo Nordisk to sell Wegovy at a reduced price for cash-paying customers
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Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last - CNBC
By CNBC • 1 day ago
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Bessent: ‘We put China to the side’ in trade negotiations - The Hill
By Sarah Fortinsky • 1 day ago
Treasury Secretary Scott Bessent said late Wednesday that the U.S. has “put China to the side” as administration officials work to negotiate deals with other major trading partners. In an interview on Fox News’s “Hannity,” Bessent said the U.S. is prioritizin…
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GM thanks Trump for the $5 billion tariff hit it expects to take - The Verge
By Andrew J. Hawkins • 1 day ago
GM says it expects to take a tariff hit of up to $5 billion, while the CEO publicly thanks President Trump for his leadership.
Read More →Eli Lilly Earnings Beat Expectations. Why the Stock Is Falling. - Barron's
By Barron's • 1 day ago
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Read More →Microsoft Stock Rises After Earnings. ‘Our Downgrade Looks Pretty Foolish Right Now.’ - Barron's
By Barron's • 1 day ago
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Dow rallies 400 points to kick off May as Microsoft, Meta rekindle AI trade: Live updates - CNBC
By Sean Conlon, Brian Evans • 1 day ago
Quarterly results from Microsoft and Meta Platforms surpassed analyst estimates.
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Kohl's fires CEO Ashley Buchanan after finding conflicts of interest. He was hired in January - Milwaukee Journal Sentinel
By Tom Daykin • 1 day ago
Kohl's Corp. has fired CEO Ashley Buchanan after just four months on the job − the latest in a series of negative developments for one of Wisconsin's largest companies.
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Häagen-Dazs and Buddha: Elon Musk waxes philosophical on his time with Trump - The Washington Post
By Matt Viser • 1 day ago
Musk reflected on what it has been like at the center of the U.S. DOGE Service. At times, the man running the show wondered aloud how the show even started.
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Eli Lilly CEO says company can help 'respond' to national security concerns around essential drugs as tariffs loom - CNBC
By Annika Kim Constantino • 1 day ago
Ricks said reshoring manufacturing capacity for older essential medicines is "a valid thing," adding that Eli Lilly is "happy to help."
Read More →Cheap parcels from China will no longer be duty-free. Here's what it means for buyers and sellers - AP News
By Anne D'Innocenzio, Didi Tang • 1 day ago
The Trump administration is ending a duty-free exemption on low-value imports from China Friday. For consumers, that will mean higher prices and delivery delays when the government starts collecting tariffs on every single shipment. The expiration of the de m…
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HSBC Chair Prepares to Bow Out After Turbulent Eight-Year Reign - Bloomberg
By Harry Wilson • 1 day ago
HSBC Holdings Plc’s chairman Mark Tucker will stand down by the end of 2025 after a turbulent eight-year tenure that has seen him oversee three changes of CEO, a clash with one of the bank’s largest shareholders and a public slap down from the US government.
Read More →McDonald’s store traffic falls unexpectedly as diners grow uneasy about economy - AP News
By Dee-Ann Durbin • 1 day ago
McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners. The burger giant said Thursday that it's same-store sales, or sales at locations open at least a year, fell 1% globally in the January-March period. Wal…
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Trump offers some auto-tariff relief, but not for carmakers’ two biggest concerns - MarketWatch
By Claudia Assis • 1 day ago
It’s a ‘Twilight Zone’ for automakers as uncertainty hasn’t gone away
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