Business News
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Comcast to spin off cable networks that were once the entertainment giant's star performers
Comcast is spinning off into a new company many of its cable television networks that were once at the heart of the entertainment giant, as consumers increasingly swap out their cable TV subscriptions for streaming platforms
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Despite slowing sales, automakers are expanding electric vehicle models, including family haulers
Even though sales of electric vehicles aren’t growing as fast as in past years and President-elect Donald Trump may ditch tax credits for EV buyers, automakers are moving ahead with new models that should appeal to mainstream buyers
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Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars
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US gathers allies to talk AI safety as Trump's vow to undo Biden's AI policy overshadows their work
President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term
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Judge puts stop to governor's effort to remove Virginia from greenhouse gas initiative
A judge has ruled that Virginia can’t withdraw from a multistate initiative designed to reduce greenhouse gas emissions unless the Legislature agrees to it
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Sig Sauer ordered to pay $11 million to Philadelphia man wounded by pistol that went off by itself
A Philadelphia jury has awarded $11 million to a man whose holstered Sig Sauer pistol went off by itself while he was going down the stairs
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Brazil’s Lula welcomes China's Xi for state visit as ties between countries strengthen
Brazil's President Luiz Inácio Lula da Silva has welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, in the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump returns to the White House in 2025
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Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
Nvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust
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Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud
The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars
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Stock market today: Wall Street drifts as Target tumbles
U.S. stocks drifted to a mixed finish, though the modest moves for indexes masked some thrashing underneath the surface
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