Business News
Elon Musk, already the world’s richest man, achieved another significant victory when the Delaware Supreme Court overturned a decision that had denied him a $55 billion pay package that Tesla awarded in 2018 as an incentive for its CEO to
Electric vehicle strategies across Asia are facing a fresh reality check as major battery and automakers in South Korea and Japan reassess their plans amid policy shifts in the US and Europe and abrupt strategic changes by Ford Motor, according
The newly established entity will be named TikTok USDS Joint Venture LLC, with American and global investors including Oracle, private equity firm Silver Lake, and Abu Dhabi-based MGX holding a combined 80.1 percent stake, while ByteDance will retain a 19.9
Ford Motor on Monday announced that it anticipates approximately $19.5 billion in charges, primarily associated with its electric-vehicle sector, as the company redefines its strategy in response to sluggish demand for EVs, as per reports. The charges highlight the significant
Dealmakers are approaching the concluding weeks of 2025 with a $100 billion cliffhanger. Paramount Skydance Corp.’s aggressive attempt to acquire Warner Bros. Discovery Inc. from the grasp of Netflix Inc. embodies the key themes that have defined a remarkable year
Nvidia has informed Chinese clients that it is assessing the possibility of increasing production capacity for its advanced H200 AI chips, following reports that orders have surpassed its existing output level, according to two sources familiar with the situation. The
A federal appeals court on Thursday upheld a ruling that found Apple in civil contempt for openly disregarding an order aimed at allowing its iPhone app store to accept payment systems other than its own. However, the decision also provided
Paramount has initiated a hostile takeover offer for Warner Bros Discovery, setting the stage for a potentially fierce confrontation with rival bidder Netflix to acquire the company that owns HBO, CNN, and a renowned movie studio, along with the ability
The decision by US President Donald Trump to permit Nvidia to sell more advanced AI chips to China appears to yield limited advantages. Reports says that this action has sparked national security concerns within the US and has raised doubts
US President Donald Trump has granted Nvidia permission to export its H200 artificial intelligence chips to authorized customers in China. The decision alleviates certain restrictions on AI chips; however, the US President emphasized that safeguarding national security continues to be