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BUSINESS

  • Walt Disney Hits $22.57 Billion in Q4, Exceeds Market Projections Disney's Q4 revenue hits $22.57B, driven by strong film performance and subscriber growth, despite some declines in other segments.
  • NVIDIA’s Blackwell Chip Hit by Overheating Issues, Causing More Delays NVIDIA's Blackwell AI chip faces delays due to server overheating issues, affecting major tech firms' plans for its release.
  • Boeing Cuts Jobs Again: 400+ Workers Affected in Latest Round of Layoffs Boeing plans to lay off over 400 aerospace union members amid financial challenges, following a machinists' strike and production slowdowns.
  • Is Michael Burry Making a Mistake? The Hedge Fund Guru’s Risky Play on China Michael Burry increases investments in Chinese firms while hedging against potential declines, reflecting cautious market sentiment.
  • TSMC Sued for Alleged Racial Discrimination: American Workers Speak Out Against Bias TSMC faces a lawsuit for alleged discrimination against American employees at its Arizona facility, favoring Taiwanese staff.
  • World's Largest Miner Goes Big: $7 Billion Investment in Chilean Copper BHP plans to invest over $7 billion in Chilean copper operations to meet rising demand, despite projected production declines by 2030.
  • U.S. Flags South Korea Over Currency Market Intervention and Surging Trade Surplus The U.S. Treasury has designated South Korea as a currency monitoring country due to its significant trade and current account surpluses.
  • Ford Pays $165 Million to Settle Recall Delays, Commits to Improved Safety Ford Motor Company will pay $165 million for delays in recalling vehicles with faulty rear cameras, enhancing safety compliance measures.
  • Boeing Struggles in 2024, But $21 Billion Investment Offers Hope for Recovery Boeing secures $21 billion amid challenges, but faces delivery drops and union strikes. Recovery expected in 2025.
  • ASML Projects $1 Trillion Semiconductor Market by 2030, Citing AI Growth ASML Holding has reaffirmed its long-term profit outlook, banking on the AI-driven semiconductor demand boom.
  • 77% of South Korean Companies Fear Trump's Win Could Spell Trouble for Trade South Korean firms fear U.S. election outcomes will harm the economy, prompting cuts in R&D and cautious investment strategies.
  • NVIDIA Faces Class Action Lawsuit at Supreme Court—What’s at Stake for Investors? The U.S. Supreme Court reviews a class action lawsuit against NVIDIA, focusing on shareholder claims of misleading revenue disclosures.
  • Musk's $44 Billion Gamble: Will X's Ad Revenue Bounce Back Under Trump’s Watch? After Musk's Twitter acquisition, advertisers are returning, influenced by Trump's win, but ad revenue remains challenged.
  • Amazon’s New Low-Cost Store Aims to Compete with China’s Temu and Shein Amazon launches Amazon Haul, a web store for ultra-low-priced items under $20, targeting competition from Chinese platforms.
  • AMD Lays Off 1,000 Employees as It Shifts Focus to AI Chips Amid Competition with Nvidia AMD lays off 1,000 employees as it shifts focus to AI chips, aiming to compete with Nvidia in the growing data center market.
  • Another Recall Hits Tesla’s Cybertruck—This Time for a Serious Power Issue Tesla recalls 2,431 Cybertrucks to replace a faulty drive inverter, marking its sixth recall since launch, but sales remain strong.
  • Meta must face antitrust trial by FTC: Issues with Instagram and WhatsApp acquisitions A federal court allows the FTC's antitrust lawsuit against Meta to proceed, alleging monopoly through Instagram and WhatsApp acquisitions.
  • U.S. Lobbying Heats Up: Japanese and Chinese Automakers Invest Millions Amid Policy Shifts Japanese automakers are significantly increasing lobbying costs in the U.S. to counter protectionism and Biden's EV policies.
  • Waltz Advocates for South Korea-U.S. Shipbuilding Partnership to Challenge China’s Maritime Power Trump’s second term may boost US-South Korea shipbuilding ties to counter China’s naval growth, says National Security Advisor Waltz.
  • Spirit Airlines Furloughs Pilots and Prepares for Bankruptcy Filing in Next Few Weeks Spirit Airlines is filing for bankruptcy after failed merger talks with Frontier, facing financial losses and upcoming debt obligations.
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