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Investing

GM lays off 1,000 employees amid reorganization and cost-cutting

DETROIT — General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market…
Investing

Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock

The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the…
Investing

Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 million to help get Donald Trump elected president. It’s a combination that’s…
Investing

Netflix ad-supported tier has 70 million monthly users two years after launch

Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than…
Investing

Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes

In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson’s phone has barely stopped ringing. Collinson, who helps lead the international…
Investing

Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult website on packaging

Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull…
Investing

‘Trump trade’ returns for second week as bitcoin, Tesla, stocks surge

Cryptocurrencies and stocks, including Tesla, rallied Monday, picking up where they left off last week in the wake of the President-elect Donald…
Investing

Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump

Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly…
Investing

Wall Street expects Trump presidency will unlock deal-making

Wall Street dealmakers and corporate leaders expect the flood gates to open on merger and acquisition activity after President-elect Donald Trump takes office in…
Investing

Tesla, Bitcoin and Truth Social boom in election aftermath

The value of assets tied to Donald Trump — and those likely to benefit under his administration — surged in the wake…
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