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Business

2057 posts
  • Business

China warns EV makers to stop price-cutting to protect the economy | Automotive industry

  • August 5, 2025
  • Roubens Andy King
China warns EV makers to stop price-cutting to protect the economy | Automotive industry
China is urging its electric vehicle industry to stop cutting prices and rein in production amid fears that persistent deflation is imperilling economic growth. In recent months Chinese officials have…
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Tesla board approves near  billion alternative pay deal for Musk
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  • Business

Tesla board approves near $30 billion alternative pay deal for Musk

  • August 5, 2025
  • Roubens Andy King
Tesla's (TSLA) board approved a near $30 billion alternative compensation plan for its billionaire CEO, Elon Musk, as the company and Musk continue a court battle to reinstate his $56…
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Paramount Skydance board has David Ellison, Sherry Lansing, Safra Catz
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  • Business

Paramount Skydance board has David Ellison, Sherry Lansing, Safra Catz

  • August 5, 2025
  • Roubens Andy King
Paramount Skydance has named its 10-member board of directors, which includes tech scion David Ellison, Oracle Chief Executive Safra A. Catz and former Paramount Pictures chairwoman Sherry Lansing. Ellison will…
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Guinness owner Diageo’s profits slump as it warns of 0m Trump tariff hit | Diageo
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  • Business

Guinness owner Diageo’s profits slump as it warns of $200m Trump tariff hit | Diageo

  • August 5, 2025
  • Roubens Andy King
The world’s biggest spirits company, Diageo, has revealed a slump in annual profits and expanded its cost-cutting plan as it searches for a new boss after the resignation of the…
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Tesla approves share award worth  billion to CEO Elon Musk
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  • Business

Tesla approves share award worth $29 billion to CEO Elon Musk

  • August 5, 2025
  • Roubens Andy King
By Aditya Soni (Reuters) -Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during…
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Rupert Murdoch to disclose health issues in Trump WSJ lawsuit
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  • Business

Rupert Murdoch to disclose health issues in Trump WSJ lawsuit

  • August 5, 2025
  • Roubens Andy King
President Trump has dropped his demand that Rupert Murdoch immediately testify in the president’s libel lawsuit over a Jeffrey Epstein story in the Wall Street Journal, but the 94-year-old media…
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Trump says treasury chief Scott Bessent no longer being considered for Fed chair | Federal Reserve
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  • Business

Trump says treasury chief Scott Bessent no longer being considered for Fed chair | Federal Reserve

  • August 5, 2025
  • Roubens Andy King
Donald Trump said he would “shortly” announce his pick for an open seat on the Federal Reserve’s board of governors and possibly his nominee for Fed chair as well, but…
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Owning Bitcoin Is Like Owning Land Under A McDonald’s
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  • Business

Owning Bitcoin Is Like Owning Land Under A McDonald’s

  • August 5, 2025
  • Roubens Andy King
Bitcoin (CRYPTO: BTC) is undergoing a reframing in how institutions may treat it, not as a volatile asset, but as digital infrastructure akin to real estate. What Happened: Fundstrat co-founder…
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Hiltzik: Trump’s economy comes home to roost
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  • Business

Hiltzik: Trump’s economy comes home to roost

  • August 5, 2025
  • Roubens Andy King
For a brief, shining moment last week, it seemed as if the U.S. economy had dodged a tariff-powered bullet. Gross domestic product grew at an annual rate of 3%, the…
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The one thing Donald Trump isn’t saying about tariffs | Trump tariffs
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  • Business

The one thing Donald Trump isn’t saying about tariffs | Trump tariffs

  • August 5, 2025
  • Roubens Andy King
Donald Trump’s words and actions rarely align perfectly. If you watch carefully, what he doesn’t say can be just as telling as what he does. “Starting on day one, we…
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