In a bid to enhance profitability, Panasonic Holdings Corp. announces plans to lay off 10,000 employees, including 5,000 in Japan and 5,000 abroad. The company anticipates significant restructuring charges as it shifts focus.
Krispy Kreme's stock dropped 24% following an announcement to reassess its partnership with McDonald's. With economic concerns affecting spending, the doughnut chain has pulled its outlook for the year.
A year after record profits, Toyota warns of a significant decline in operating profit due to currency fluctuations and tariffs imposed by the Trump administration. Discover how these factors are reshaping the auto industry!
Disney Plus and Hulu report a massive leap in profitability, with combined operating income soaring to $336 million. Discover how subscriber growth and pricing strategies are reshaping Disney's streaming landscape!
In a surprising turn, OpenAI has decided to keep its nonprofit division in control of its for-profit organization. This move comes after significant backlash and legal challenges from critics, including Elon Musk.
The U.S. stock market has made a remarkable recovery following President Trump's unexpected tariffs. After a dramatic drop, the S&P 500 is back to its April levels, but uncertainty looms as companies adjust forecasts amidst turbulent trade policies.
In a surprising move, Kohl's Corp. has fired CEO Ashley Buchanan after only four months due to violations involving undisclosed conflicts of interest. Board Chair Michael Bender steps in as interim CEO amid ongoing struggles with declining sales and profits.
Tesla's stock fell 3% as reports reveal the board is searching for a new CEO to replace Elon Musk, following a significant drop in sales and profits. Can they recover?
Southwest Airlines has withdrawn its financial forecast as the trade war and economic uncertainty weigh on the travel industry. With declining bookings and shifting consumer behavior, can the airline weather the storm?
In a surprising move, Elon Musk announced he will reduce his involvement with the U.S. DOGE Service to focus on Tesla, which just reported a staggering 71% profit drop amid rising competition and political backlash.
