Warner Bros Discovery is facing increasing financial challenges as S&P lowered its outlook on the company from "stable" to "negative." The downgrade comes as the media giant grapples with a significant decline in its cable TV business, which has been struggling due to a reduction in advertising...

UBS Group AG, a top player in wealth management worldwide, reported a second-quarter net profit that was double what analysts had predicted. The indicator reached $1.14 billion, exceeding the bank's forecast of $528 million as per experts' consensus. One year prior, UBS achieved a historic net...

Retailers are ramping up imports to the United States this summer, driven by concerns over potential port strikes and ongoing disruptions from attacks in the Red Sea. This proactive approach aims to ensure a smooth holiday shopping season despite a shorter peak period and ongoing uncertainties....

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against the cryptocurrency company NovaTech and its co-founders, Cynthia and Eddy Petion, accusing them of defrauding over 200,000 investors worldwide, including a significant number of Haitian-Americans. The SEC alleges that...

When Elon Musk endorsed Donald Trump for president last month, it highlighted a complex intersection of business strategy and political affiliation. As the Tesla CEO supports a candidate who opposes key policies that have fueled Tesla’s rise—such as the electric vehicle (EV) mandate and government...

South Korean Samsung Electronics is recalling 1.12 million electric stoves in the United States due to 250 fire incidents that resulted in injuries to many people and deaths of pets. The U.S. Consumer Product Safety Commission stated that the campaign impacts 30 electric stove models made from 2013...

Glencore Plc, a top global commodity group, finished the first half of the year with a loss, attributed to decreased commodity prices and asset write-downs. The company reported a $233 million net loss in the first half of the year, in contrast to a net profit of $4.568 billion in the previous...

Continental AG, a German tire and automotive parts manufacturer, announced the possibility of separating its automotive electronics division into a standalone company. Following a thorough assessment of the company's operations, the management has chosen to carry out a more detailed examination to...

French bank BNP Paribas is in exclusive talks with insurance company AXA for the acquisition of its investment management division. As per the statement from BNP Paribas, the amount of assets managed by AXA Investment Managers (AXA IM) totals approximately €850 billion. The companies could also...