US Business

Tesla Delays Cybertruck Deliveries, Leaving Buyers Confused

The pause is the latest issue for the carmaker, which recently announced job cuts.

Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown

Revenue for the first three months of the year came in at €20.69 billion, down 2%.

Adidas Raises Annual Profit Forecast

Adidas raised its revenue and profit expectations after a better-than-anticipated first quarter.

UnitedHealth Stock Jumps After Earnings Beat Expectations, Despite Cyberattack

The healthcare and insurance company expects the attack to hit its full-year earnings.

Are Battery-Powered Home Appliances in Our Future?

Appliances with batteries are designed to keep working when the power goes off. Some researchers believe they also could help prop up the electrical grid.

Planet Fitness Taps Colleen Keating as New CEO

The fitness center franchiser and operator said Keating succeeds Craig Benson, who was serving as chief executive on an interim basis.

Baidu Says Ernie AI Chatbot Now Has 200 Million Users

The number of users of Baidu’s Ernie Bot, China’s most popular ChatGPT-style chatbot, has doubled in recent months to more than 200 million, according to the company.

Dr. Martens Shares Tumble as Bootmaker Warns of Tough Year

Dr. Martens shares plummeted after the iconic British footwear and clothing brand said Chief Executive Officer Kenny Wilson plans to step down and warned of a challenging year ahead.

International Paper Buys DS Smith in All-Share Deal

International Paper has agreed to buy London-listed peer DS Smith for roughly $7.2 billion in an all-share deal, outgunning a rival bid from Mondi to form a global packaging leader.

Beiersdorf Lifts Guidance After Strong Nivea Sales

Beiersdorf upgraded its full-year sales expectations after reporting a 10% revenue rise in its core consumer business in the first quarter.

Ericsson Mobile Network Weakness to Continue Through 2024

Ericsson expects the mobile-network market to continue falling at least through the end of this year, as customer spending remains cautious and investments in India slow further.

Justice Department to File Antitrust Suit Against Live Nation

The agency has probed the concert giant’s heft and negotiating power in ticketing and venues.

Tesla Plans to Lay Off More Than 10% of Workforce

Two of Elon Musk’s top deputies are also departing the world’s most valuable automaker.

CNN Ends 'King Charles,' Charles Barkley and Gayle King's Show

The prime-time show is the latest creation of former CEO Chris Licht to be scrapped.

Suit Challenging Iowa's Book Ban Is Backed by Every Major Publisher

The rise of book bans nationwide prompted the collective action, the publishers said. 

New York Times Ends Investigation Into Leak Over Gaza Coverage

Times Executive Editor Joe Kahn said the probe found “gaps in the way proprietary journalistic material is handled.”

Layoffs in 2024: A List of Companies Cutting Jobs This Year

The layoffs are expected to be smaller and more targeted than those in 2023.

Lufthansa Cuts Earnings Guidance After Strikes Take Toll

The German carrier group said strikes by employees within the group and also by employees at partners hit earnings by around €350 million.

Hybrids Extend Lead Over EVs in Green Vehicle Race

Toyota surges, Tesla slumps as car buyers reassess their options for electrified models.

Apple's Smartphone Sales Slump as China Rivals Rise

Apple’s global smartphone shipments fell sharply in the first quarter, according to a closely followed research firm, toppling the iPhone maker from its perch as the world’s largest phone maker. 

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