business
Mercedes-Benz Confirms Guidance After Tariffs, Chinese Weakness Weigh on Earnings
The carmaker said earnings took a hit from U.S. import tariffs and the challenging market in China as it reported a drop in net profit. Source link
How U.S. Billionaires Stack Up With the Rest of the World
There are 3,508 billionaires on the planet. Americans dominate their collective wealth. Source link
Traton Narrows Guidance as Profit Slumps
The commercial-vehicle maker’s operating profit fell more than 44% on a challenging market environment particularly in North America and Brazil. Source link
Next PLC Lifts Outlook After Quarterly Sales Beat Guidance
The group—seen as a bellwether for the U.K. retail sector—reported a 10.5% increase in total full-price sales. Source link
Adidas Sales Climb to Quarterly Record Despite Tariff Uncertainty
Revenue was 12% higher on year, the highest the group has ever achieved in a quarter, Chief Executive Bjoern Gulden said. Source link
UBS Net Profit Surges on Provision Releases, Client Momentum
Profit was boosted by fees from wealthy clients and corporate dealmaking and the release of litigation provisions. Source link
Washington’s Oil Dilemma Returns: How to Hurt Moscow Without Raising Gas Prices
Enforcing tough measures against one of the world’s top oil producers risks triggering a supply shock. Source link
OpenAI’s Promise to Stay in California Helped Clear the Path for Its IPO
The company assured state officials that it would stay in California as it continues its global expansion, which could include a public offering as soon as 2027. Source link
Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite
Layoffs at companies ranging from Amazon to Target are sending young and experienced workers alike into an unwelcoming market. Source link
Caesars Entertainment Third-Quarter Loss Widens as Las Vegas Revenue Declines
The casino operator logged a wider loss in its latest quarter as revenue from its Las Vegas business fell, hurt by weak demand for leisure travel. Source link