business
Nissan Motor’s Net Loss Widens as U.S. Tariffs Bite
The Japanese carmaker posted its fifth straight quarterly net loss, partly because of U.S. tariffs. Source link
Wise’s Pretax Profit Falls Despite Top-Line Growth
Pretax profit dropped 13% in part due to heavier administrative expenses including hiring. Underlying income was up 13%. Source link
Shipping Giant Maersk Lifts Lower End of Earnings Guidance on Strong Demand
Strong container demand and cost efficiencies countered falling freight rates as volumes into North America, particularly from China to the U.S., declined. Source link
Rheinmetall Posts Lower Sales Growth Amid Delays in German Government Defense Procurement
The manufacture sales increased 13%, a slowdown in momentum due to delays in German government’s procurement decisions. Source link
AI Is Accelerating Tech Giants’ Dominance of the Ad Market
An increase in targeted ads is helping to fuel revenue growth and easing some concern about the technology’s impact. Source link
The Hurdles Elon Musk Must Clear to Unlock $1 Trillion in Tesla Pay
Tesla shareholders must consider a complex web of stock-price milestones and operational goals. Source link
U.K.’s ICG Group Nears Deal to Sell Singapore Private-Education Institution
U.K.-listed asset manager Intermediate Capital Group is nearing a deal to sell PSB Academy for over $380 million. Source link
U.S. to Reduce Flight Traffic by 10% at 40 Airports Because of Shutdown
The U.S. transportation secretary says the move is an effort to relieve unpaid air-traffic controllers. Source link
Qatar Airways to Sell Cathay Pacific Stake for $896 Million
Cathay Pacific will buy back Qatar Airways’ 9.57% stake for $896.5 million. Source link
Sonos Hires a Madison Avenue Veteran to Revive Its Bruised Brand
Colleen DeCourcy joins as chief marketing officer of the audio equipment company, which is looking to claw back revenue and customers after a calamitous 2024. Source link