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Ferrari’s first fully electric vehicle has sparked Italian angst about the luxury carmaker and intensified debate in the country about the reign of John Elkann, scion of the Agnelli family dynasty and executive chair of the carmaker. The Luce’s futuristic design, unusual proportions and symbolic departure from Ferrari’s combustion-engine heritage have provoked outrage among enthusiasts,…
When SpaceX pulled back the curtain on its finances last week, some investors were taken aback. The company’s space business was not generating as much revenue or profit as they had expected, and the losses from xAI, its artificial intelligence unit, were surprisingly large. But some of those doubters will buy SpaceX’s stock anyway when…
A year ago, the Trump administration withdrew from a global effort to curb offshore tax-dodging by multinational companies. That decision has been a huge gift to corporate America, enabling companies to avoid at least $40 billion in income taxes since the beginning of 2025. A New York Times review of securities filings from nearly 500…
Brendan Carr, commissioner at the Federal Communications Commission (FCC), during a Senate Commerce, Science, and Transportation Committee oversight hearing in Washington, DC, US, on Wednesday, Dec. 17, 2025. Kent Nishimura | Bloomberg | Getty Images Disney shot back at the Federal Communications Commission on Thursday as part of an early renewal process for broadcast licenses…
Kaja Kallas, the top European Union diplomat, recently suggested that ending the continent’s dependence on China was like trying to cure a disease. “Chemotherapy” might be needed, she said, and it was likely to be painful. The comments were an example of the tone Europe is increasingly taking on China, the second-largest goods trading partner…
A screen displays share prices inside the Kabuto One building in Tokyo, Japan, on Monday, April 13, 2026. Oil surged and stocks fell after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of weekend peace talks. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty…
Best Buy on Thursday reported fiscal first-quarter results that beat expectations on the top and bottom lines as the electronics retailer tries to break out of a sales slump. The company said revenue climbed slightly, driven by comparable sales growth of 2%. It reaffirmed its full-year guidance of revenue between $41.2 billion and $42.1 billion,…
Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters The move by the Commodity Futures Trading Commission to vacate a consent order against the cryptocurrency exchange company Gemini Trust is “very unusual,” a former CFTC chair told…
Kuwaitis gather at an exhibition of military equipment as they celebrate the country’s 61st Independence Day and the 31st anniversary of the end of the Gulf war with the liberation of Kuwait from Iraqi occupation, in Kuwait City, on February 25, 2022. (Photo by Yasser Al-Zayyat / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images)…
Sun Haoyu, a hog farmer in Dalian, in northern China’s Liaoning Province, first noticed pork prices beginning to tumble late last year. With 3,000 hogs to care for, Mr. Sun said, he had “no choice but to tough it out,” relying entirely on loans and borrowed money to keep his operation afloat. But prices kept…
