Business

Canadian billionaire Stephen Smith has agreed to acquire over a quarter of The Economist Group from Lady Lynn Forester de Rothschild, marking the first change in ownership in a decade at the publisher of the premium magazine.

Toyota is recalling approximately 550,000 Highlander SUVs due to a supplier defect that might cause the seat backs to fail to lock properly, increasing the risk of injury.

World Liberty Financial, the cryptocurrency company co-founded by President Trump and his sons, offers exclusive access to company executives for investors who commit $5 million in tokens for six months. The arrangement establishes a premium tier of investors called "Super Nodes," despite the company’s earlier promises to democratize financial access.

Adobe’s longtime CEO Shantanu Narayen will step down from his role once a successor is chosen, the design software maker announced on Thursday. This news led to a drop of over 7% in its shares during extended trading, as concerns resurfaced about its strategy amid AI disruption challenges.

Europe’s largest automaker, Volkswagen, plans to cut 50,000 jobs by the end of the decade, as it confronts declining sales in China and North America, along with punitive US tariffs imposed by Donald Trump.

FinCEN has fined broker-dealer Canaccord Genuity a record $80 million for violating U.S. AML regulations.

Wall Street indexes dropped on Friday, with the Dow and S&P 500 hitting their lowest levels in over three months, due to an unexpected downturn in the U.S. labor market and a 12% surge in U.S. oil prices.

Hiring in February was unexpectedly weak, complicating the path for the Federal Reserve to make interest-rate cuts as the conflict in Iran rekindles inflation concerns.

The conflict in the Middle East has thrown financial markets into chaos for a second consecutive day, causing oil and gas prices to spike and global stock markets to tumble following the US-Israel assault on Iran.

The maker of ChatGPT, OpenAI, has secured $110 billion in funding from Amazon, SoftBank, and Nvidia, which places the technology company’s pre-money valuation at $730 billion.

Streaming giant Netflix stated overnight in the US that the cost needed to surpass Paramount’s $111 billion (£82.2 billion) bid for Warner Bros would render the deal "no longer financially attractive."

It started with two friends selling homebrewed beer from a van with a rebellious spirit reminiscent of the Sex Pistols, embodying a never-give-up ’punk’ attitude.

Big Tech loses $1.3 trillion in 2026 as AI spending fears impact Microsoft, Amazon, Nvidia, Apple, and Alphabet. Investors demand profit visibility. TSMC, Samsung, and Walmart gain.

Mark Zuckerberg is among the wealthiest individuals globally, and his multimillion-dollar real estate holdings showcase that.

Bitcoin (BTC-USD) fell to $67,000 per token on Thursday, reaching its lowest level since 2024 as selling pressure increased.

Bitcoin miners around the world are encountering growing difficulties in keeping their businesses viable.

United Parcel Service intends to lay off up to 30,000 employees this year in an effort to reduce expenses, the chief financial officer of the delivery giant stated on Tuesday.

Amazon is eliminating approximately 16,000 positions in the latest series of significant layoffs within the tech sector.

Gold has surged past US$5,000 an ounce for the first time, as Donald Trump’s erratic policies and statements prompt more investors to seek refuge in the precious metal.