Business

A collection of 1072 posts

Business

Stellantis swallows $26.2 billion write-down as it resets EV plans

Stellantis, owner of brands such as Jeep, Dodge, Fiat and Peugeot, said it has “reset” its business and will record a €22.2 billion ($26.2 billion) write-down as it adapts to a slower-than-expected shift to electric vehicles in the United States. Not long ago the industry was more bullish

Business

US Consumer Data Sparks Relief Rally in Bitcoin, Gold, and Stocks

Global markets staged a broad rebound on February 6 after a sharp sell-off pushed stocks, crypto, and commodities into deeply oversold territory. Bitcoin recovered to around $70,000, while US equities, gold, and silver advanced as technical buying and easing near-term macro fears helped stabilize prices. The bounce began when

Business

Nordstrom End of Season Sale: Save up to 60% on designer brands

Nordstrom's End of Season Sale is live now, with designer labels and bestselling brands marked up to 60% off. Some discounts only appear once you add items to your cart. Clothing markdowns span Dôen frocks, Free People sweaters, Good American bootcut jeans, Nordstrom classic cotton pajamas, Spanx sweatshirts,

Business

Levi’s sales grow in UK as celebrities drive denim revival

The UK was one of Levi’s fastest-growing markets last year, helped by high-profile sightings of the brand on figures from Harry Styles to Noel Gallagher and Grime Gran. Lucia Marcuzzo, managing director of Levi’s European operations, said a revival of 1990s trends had boosted demand for the classic

Business

I quit teaching math to sell plants worth $16,000

Harry Luu began growing rare houseplants while studying math in graduate school. He found the same attention to detail and hyperfocus in both pursuits, and during the pandemic his hobby expanded into a larger collection and trading for more valuable specimens. After finishing his degree and teaching math in California,

Business

Presidents' Day TV sales: top deals on OLEDs, big screens and budget sets

Presidents' Day is approaching and retailers such as Amazon and Best Buy are offering deep discounts on TVs from brands like LG, Sony and Samsung. Deals range from high-end OLEDs and a 98‑inch cinema-sized screen to modest small TVs and mid-range streaming models; a curated list highlights the

Business

How our product recommendations are made

Our product recommendations are based on many hours of testing, research, and comparison shopping. We gather information from vendor and retailer listings, independent review sites, and customer feedback to learn what matters to people who already own and use the products. When you click from our site to a retailer

Business

Pokémon bundles Surging Sparks boosters with Battle Academy boxes

For more than a year, buying booster packs on the official Pokémon Center website has required extraordinary luck or a bot. New stock listings quickly overwhelm the site, producing error messages or unresolved queues, and strict purchase limits only help those who can get in before bots scoop the stock

Business

Stellantis to Take $26 Billion Hit as It Pulls Back From Electric Cars

Stellantis said it will record a 22.2 billion euro (about $26 billion) charge to profit to cover the cost of reversing its electric-vehicle strategy and other moves aimed at reversing weak sales. The company also suspended dividend payments, saying the charges would leave it with a substantial loss for

Business

The best flower delivery in the UK for every budget

Flowers remain an easy, uplifting gift for occasions from Valentine’s Day to “just because”. The reviewer tested many online services and notes one practical caveat: if your recipient has pets, check whether the flowers are toxic before sending them. Testing covered 33 arrangements across four periods, including Valentine’s

Business

ARK Invest Sells Coinbase Shares, Buys Bullish Stock

ARK Invest shifted from buying to selling Coinbase stock after the shares dipped 13% to multi-month lows. A trade filing shows ARK offloaded 119,236 Coinbase shares valued at roughly $17.4 million. The sale followed a 3,510-share ($630,000) purchase a day earlier and a series of buys

Business

Only seven new petrol cars sold in Norway in January

Norway sold just seven new petrol cars in January. The market also registered 29 hybrids and 98 diesels, while more than 2,000 battery electric vehicles (BEVs) were sold. Overall car sales were low after a December rush by buyers aiming to avoid January tax rises. The snub to petrol

Business

Stellantis takes €22bn hit after overestimating EV shift

A report from Theguardian says the carmaker Stellantis will take a €22bn charge and sell a stake in its battery joint venture after admitting it “overestimated” the pace of the shift to electric vehicles. Antonio Filosa, the chief executive of Stellantis, said the charges reflect the cost of overestimating the

Business

Toyota names Kenta Kon C.E.O. amid tariffs and rising competition

Nytimes reports that Toyota Motor will make Kenta Kon, its chief financial officer, C.E.O. on April 1. He succeeds Koji Sato, who will become vice chairman. The company faces rising protectionism and geopolitical frictions, including a 15 percent tariff on auto exports to the United States under a

Business

Russia says the US is pushing its companies out of Venezuela's energy sector

Coverage from Businessinsider notes Russian Foreign Minister Sergei Lavrov said the United States is pushing Russian companies out of Venezuela's energy sector. Lavrov made the remarks in an interview with RT following a US military operation in early January that resulted in the capture of then‑Venezuelan President

Business

AI integrated into Coach and Kate Spade design workflows

Businessinsider reports that Tapestry said Coach and Kate Spade designers now use AI in their day-to-day work, but the design process still begins with hand-drawn sketches, CEO Joanne Crevoiserat said on an earnings call. Crevoiserat said AI helps designers iterate on sketches, apply color multipliers and make design tweaks much

Business

'Sell everything' takes hold as tech, crypto, and metals all crack

Businessinsider: Global markets slid as tech, crypto, and silver sold off in a broad risk retreat, with investors pulling back from AI, crypto, and metals as a "sell everything" mood spread. Much of the pressure is coming from tech, as doubts grow over whether the AI boom that

Business

S&P 500 Remains Strong as Bitcoin Slides to a 1-Year Low

In a report from Beincrypto, US equities advanced toward record highs, driven by strong earnings, AI stocks, and improving market breadth, while Bitcoin fell below $65,000, hitting a one-year low as capital rotated toward profit-backed assets. The S&P 500 climbed to $6,976 before correcting, earlier closing

Business

Argentina and U.S. Sign Sweeping Trade Deal as Alliance Deepens

A report from Nytimes says Argentina and the United States signed a sweeping trade agreement on Thursday, a key victory for President Javier Milei that reduces reciprocal tariffs and expands exports, including Argentine beef. The deal will see the United States eliminate reciprocal tariffs for over 1,600 Argentine products,

Business

Uber Is Responsible for Rape by Driver, Jury Finds

Nytimes reports that a federal jury in Phoenix ordered Uber to pay $8.5 million to Jaylynn Dean, a passenger who said one of its drivers raped her. The verdict, the first of thousands of forthcoming sexual assault cases, rejected Uber’s long-standing defense that drivers are independent contractors and

Business

Amazon's blowout $200 billion AI spending plan stuns Wall Street

Businessinsider reported that Amazon said it plans $200 billion in capital expenditures this year, more than $50 billion above Wall Street expectations, and that the announcement sent the company's stock down more than 10% in extended trading. The capex forecast, combined with a profit outlook that missed expectations,

Business

Insider view of Jeff Bezos' tenure at The Washington Post

Businessinsider writes that Jeff Bezos' ownership of The Washington Post was once celebrated but has soured, as employees and readers have reacted angrily to a series of recent cuts. When Bezos bought the paper in 2013 for $250 million, he invested heavily in technology, staff, political coverage, investigative work,

Business

Amazon Plans to Spend $200 Billion on A.I. and Other Projects This Year

Nytimes reports that Amazon said it would spend $200 billion this year on data centers, satellites and other big-ticket items as it invests heavily in the race for artificial intelligence. The figure topped Wall Street’s predictions by $50 billion. The announcement overshadowed a strong holiday quarter: sales reached $213.

Business

US market sell-off driven by liquidity squeeze, not crypto weakness

Reporting by Beincrypto indicates global markets sold off sharply this week, hitting cryptocurrencies, equities and even traditional safe havens like gold and silver in a synchronized decline that points to a broader liquidity shock rather than asset-specific weakness. The report says the move reflected forced deleveraging as traders facing margin

Business

Are You Biohacking to Perform Better at Work?

Nytimes reporter Noam Scheiber asks readers to describe changes they’ve made to their health and wellness practices to improve brain function and job performance. He notes that as employers become more precise in measuring productivity, many workers are focusing on improving job performance through so-called biohacking. Some people track