Tesla Inc stock plummeted on Thursday after the luxury electric carmaker began offering $7,500 discounts on Model 3 and Model Y vehicles delivered in the United States this month, fuelling concerns that the company will face softening demand as economies slow.   Tesla began offering a $3,750...

Nike Inc.'s stock rose nearly 15% on Wednesday as investors ignored the sportswear giant's margin pressure and focused on the company's efforts to address inventory issues that have plagued its business in recent quarters.   After Nike reported better-than-expected quarterly results on...

Tesla Inc is slashing prices and offering discounts on Model 3 and Model Y vehicles that are to be delivered to the United States and Canada this month, according to sales pages on the company's website on Wednesday, amid concerns that demand will soften as economies slow.  ...

The billionaire Elon Musk announced on Tuesday that he will step down as Twitter Inc.'s CEO once he finds a replacement, but he will continue to oversee some crucial departments of the social media platform.   "I will resign as CEO as soon as I find someone foolish enough to take the job!...

The "forever chemicals" PFAS, which are used in everything from cell phones to semiconductors and have been linked to cancers, heart issues, and low birth weights, have a 2025 deadline for ceasing production, according to US industrial conglomerate 3M Co.   Due to their slow rate of...

After addressing concerns regarding its use of sellers' data, US online retail giant Amazon reached a settlement with the European Union on Tuesday in two antitrust probes. This action will spare it from a fine of up to 10% of its global turnover.   In the first instance, Amazon was accused...

Germany's Uniper warned that it would have to consider bankruptcy if shareholders didn't approve a bailout and nationalization that will cost the government more than 50 billion euros ($53 billion).   CEO Klaus-Dieter Maubach warned shareholders at a fictitious extraordinary shareholder...

Hundreds of employees of the e-commerce giant Amazon are slated to go on a strike, according to the GMB union in the United Kingdom, which will be the first such strike for the company's employees in the country.   Employees at Amazon's Coventry warehouse in central...

Elon Musk has reactivated several journalists' Twitter accounts, which had been suspended for a day due to a controversy over the publication of public data about the billionaire's plane.   The reinstatements came after the unprecedented suspensions drew harsh criticism on Friday from...

The US House Financial Services Committee held an hearing on the collapse of cryptocurrency exchange FTX on Tuesday, following the arrest of founder Sam Bankman-Fried in the Bahamas on Monday night, as US regulators announced a slew of civil and criminal charges against the one-time billionaire....

Sam Bankman-Fried, the founder of FTX, was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, paving the way for extradition and a U.S. trial for the onetime crypto...