business news
Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years
A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor announced Friday that Chief Executive Officer Koji Sato will step down and be replaced by its Chief Financial Officer, Kenta Kon, marking the automaker’s second CEO transition in three years. The leadership shakeup will take effect […]
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Stellantis to take $26 billion hit overhauling its business after ‘over-estimating the pace of the energy transition’
Automaker Stellantis said on Friday it expects to take a roughly 22-billion-euro ($26 billion) hit as it overhauls its business to accelerate the rollout of electric and hybrid vehicles. The Jeep maker also pre-released some figures for the fourth quarter, saying it anticipates a net loss for 2025. In recognition of that net loss, it […]
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CNBC Daily Open: Amazon one-ups its rivals on capex spending, but investors are already worried over AI valuations
People walk by the exhibit for Amazon Web Services (AWS) at National Retail Federation (NRF) 2026: Retail’s Big Show, in New York City, U.S., Jan. 12, 2026. Kylie Cooper | Reuters Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant […]
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Japan’s Takaichi eyes decisive mandate as polls point to snap election landslide
Sanae Takaichi, Japan’s prime minister and president of the Liberal Democratic Party (LDP), speaks at an LDP election rally in Kawagoe, Saitama Prefecture, Japan, on Tuesday, Feb. 3, 2026. Traders are bracing for increased volatility as the Feb. 8 lower house election approaches. Photographer: Soichiro Koriyama/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images […]
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India’s central bank keeps policy rates steady at 5.25% as U.S., EU trade deals set to support growth
Newly appointed Reserve Bank of India Governor Sanjay Malhotra after addressing a press conference, in Mumbai on Dec. 11, 2024. Indranil Mukherjee | Afp | Getty Images India’s central bank on Friday kept its policy rates steady, as trade deals with the E.U. and the U.S. are set to support the world’s fastest growing large […]
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AI fears pummel software stocks: Is it ‘illogical’ panic or a SaaS apocalypse?
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic’s new AI tools, built for its Claude “Cowork” AI agent, are designed to handle complex professional workflows that […]
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Tesla maintains competitive showing in China-made EV sales despite industry headwinds
Tesla remained a strong contender in Beijing’s competitive electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before, amid a broader industry slowdown. According to data published by the China Passenger Car Association on Wednesday, January deliveries from Tesla’s Shanghai Gigafactory rose by 9% to 69,129 units, from […]
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U.S. asks American citizens to ‘leave Iran now’ ahead of high-stakes talks with Tehran
Two armed members of Iran’s police special forces stand behind a country flag placed on an armored military vehicle during a pro-Government rally in downtown Tehran, Iran, on January 12, 2026. Nurphoto | Nurphoto | Getty Images The U.S. Virtual Embassy in Iran issued a security alert early Friday urging American citizens to “leave Iran […]
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India is reportedly ‘ready’ buy up to $80 billion in Boeing aircraft following trade deal with U.S.
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. Thierry Monasse | Getty Images […]
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Why Amazon’s CEO is ‘confident’ with $200 billion spending plan
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York, Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon‘s stock plunged 11% in extended trading on Thursday, dragged lower by market jitters around the company’s $200 billion capex plans, the highest spending forecast among the megacap companies. The forecast is […]
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