Business news

Business news • Jun 25

Polestar barred from US over the Chinese connected vehicle rule, a dangerous precedent

Polestar is exiting the US for model year 2027 after Commerce denied it authorization under the Connected Vehicle Rule over its Chinese Geely ownership.

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Business news • Jun 25

The Race to Replace Jamie Dimon Is On. There’s One Big Loss

JPMorgan Chase & Co. has long made a habit of chewing through potential successors to Chief Executive Officer Jamie Dimon, but its latest management...

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Business news • Jun 25

Whistleblower Sarah Wynn-Williams sues Meta over attempts to ‘silence’ her

Former employee files complaint accusing company of 'coercive surveillance' and first amendment violation.

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Business news • Jun 25

Oil curve points to near-term glut as Hormuz flows rise

A short-term glut has pushed oil futures back to ‌pre-war levels as Middle East exports jump, analysts said and price data show, but returning demand and a...

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Business news • Jun 25

Micron Earnings: What Goes Up Must Come Down … Eventually

We've significantly raised our fair value estimate of Micron stock, but still see it as overvalued.

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Business news • Jun 25

Americans are still shopping, despite climbing energy costs

Income growth is accelerating — supporting consumer spending — while inflation is rising even beyond the energy-price shock.

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Business news • Jun 25

JPMorgan’s Lake exits as Petno, Rohrbaugh named co-presidents

Longtime executives Doug Petno and Troy Rohrbaugh will each hold two roles, as Marianne Lake – previously seen as a potential successor to CEO Jamie Dimon...

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Business news • Jun 25

Oil price falls to levels not seen since before Iran war

The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes.

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Business news • Jun 25

JPMorgan shuffles executive management; Lake to retire

Key insight: JPMorgan is making changes to its executive leadership team. Marianne Lake, who has led consumer and community banking since 2024, is preparing...

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Business news • Jun 25

GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling

General Motors revealed its 2027 GMC Sierra 1500 pickup trucks, with new V-8 engine options and redesigned interior and exterior styling.

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Business news • Jun 25

‘Incapacitated' pilot pulled from cockpit as Air Canada flight out of NJ diverts

An Air Canada flight out of New Jersey en route to Nova Scotia was diverted to Boston after the captain fell ill mid-flight and had to be pulled out of the.

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Business news • Jun 25

Meta Tried to Silence Her. Now She’s Suing.

Sarah Wynn-Williams, a former Facebook policy executive, is suing Meta over its attempts to stop her from talking about her book, 'Careless People'

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Business news • Jun 25

Supreme Court Rejects Lawsuit Alleging Roundup Weedkiller Caused Cancer

The Supreme Court on Thursday sided with the manufacturer of the weedkiller Roundup, overturning a jury award for a Missouri man who claimed the widely used...

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Business news • Jun 25

The New Push to Ready Millions for AI Career Upheaval

Just how many jobs will AI upend? A new coalition of companies and policymakers said it is time to ready the U.S. workforce for major disruption,...

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Business news • Jun 25

Inflation hits 3-year high, pressuring Fed to raise rates as election nears

If the Fed raises rates in the coming months, it would be a blow to the president and the GOP's economic sales pitch at the height of a campaign that's...

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Business news • Jun 25

Apple raises prices of MacBooks, iPads as memory costs skyrocket

Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip ​costs driven by the AI...

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Business news • Jun 25

Supreme Court backs Monsanto in its fight against liability from popular weed killer

The Supreme Court agreed to shield Monsanto from liability over its popular weed killer, Roundup, dealing a victory to the company's new owner as it...

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Business news • Jun 25

Supreme Court sides with Monsanto in case over cancer risks from weedkiller Roundup

The Supreme Court ruled that Monsanto cannot be held liable under state laws for failing to warn consumers about the alleged cancer risks of its weedkiller...

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Business news • Jun 25

Marianne Lake, a Potential Dimon Successor, Leaves JPMorgan

Another potential successor, Marianne Lake, is leaving JPMorgan, as the longstanding chief executive enters his third decade atop the bank.

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Business news • Jun 25

I Rode in Slate’s $24,950 Electric Truck. It Didn’t Feel Like a $24,950 Electric Truck

When it was originally announced last year, Slate said their new Truck would be priced in the low $20,000s. At the time, federal incentives would apply,...

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