When U.S. automakers Ford and General Motors release their first-quarter earnings next week, they will both be up against the same obstacle: elucidating to investors the source of future profit growth as EV growth slows.   The past year has seen a downturn in the demand for electric vehicles...

Unexpectedly, Netflix declared that it will no longer be releasing quarterly subscriber figures. This move is interpreted as a signal that years of user gains in the streaming battles are about to come to an end.   The pioneer of streaming video saw a decline in share price after reporting a...

Japan's Nissan Motor cut its forecast for annual operating profit by 14.5% on Friday, citing a decline in car sales that was less than anticipated in addition to other issues.   For the year that concluded in March, Japan's third-largest automaker by volume now projects an operating profit...

Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday exceeded first-quarter sales and profit projections, mostly attributable to the persistently high demand for sophisticated circuits, especially those utilised in artificial intelligence applications.   As compared to LSEG...

Adam Neumann has stepped up his efforts to take back control of WeWork even as the co-working pioneer scrambles to fund hundreds of millions of dollars to avoid going bankrupt and prevent a sale, according to a Financial Times report citing information from two people familiar with the situation....

Tesla is cutting jobs globally, including in sales, technology, and engineering. The automaker's two largest markets are the United States and China, accoridng to reports quoting sources.    In an internal memo obtained by Reuters on Monday, CEO Elon Musk informed employees that the...

The finance minister of Switzerland stated in an interview that was released on Saturday that the country's proposed stricter capital regulations for the banking sector will have an effect on UBS's capacity to expand.   According to Karin Keller-Sutter, Aargauer Zeitung, if the regulatory...

Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In a television interview, Donahoe was asked about the company’s lack of fresh new products in its assortment, which had been...

Even though many analysts think that Google parent Alphabet's planned acquisition of marketing software business HubSpot would not curtail competition, it would require the tech giant to create a new front in its struggle with antitrust watchdogs. Regulators would undoubtedly oppose the...

In an effort to comply with a European Union rule, Apple stated on Friday that it would be facilitating the process for music streaming apps on its App Store within the European Economic Area to notify consumers of alternative ways to acquire digital services.   The decision was made a few...

Based on information gleaned from three people with knowledge of the situation and corporate communications obtained by Reuters, Tesla has cancelled the low-cost vehicle that investors had been hoping would propel the company's expansion into a mass-market manufacturer.   According to the...