Business News

Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 million purchase of video game maker Activision Blizzard.

Alaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline's planned growth.

Young adults in the U.S. are reaching key milestones, such as marriage and having children, years later than their parents

The average amount of debt people pay on their mortgages, credit cards and other loans has jumped sharply since 2020, study finds.

Technology companies are axing jobs as they pile deeper into artificial intelligence, with one expert calling it a "sobering signal."

Nestled in the English countryside is the unlikely headquarters of one of the U.K.'s top independent TV channels.

Stellantis NV has acquired artificial intelligence and machine learning technology, intellectual property rights and patents from U.K.-based CloudMade to enhance its in-vehicle experience.

Tesla's net income more than doubled last quarter thanks to a big one-time tax benefit, but it warned of "notably lower" sales growth this year.

The world's second-largest memory chip maker, South Korea's SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence.

General Motors said Wednesday it will invest seven billion reais (more than $1.4 billion) in Brazil in the next five years to develop electric vehicle production in Latin America's biggest economy.

Clean-energy projects were the largest driver of China's economic growth in 2023, with Beijing investing nearly as much in decarbonization infrastructure as total global investment in fossil fuels, according to a report released Thursday.

Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in 2023.

US regulators approved a detailed inspection framework that would allow the return to service of Boeing 737 MAX planes grounded after an emergency landing earlier this month, officials said Wednesday.

The Kompas Gramedia unit sees promise in using blockchain technology to defend intellectual property.

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

Alibaba’s seldom-seen co-founder Jack Ma and current chairman Joe Tsai become the giant’s largest shareholders, according to a Wednesday report by the

S. Truett Cathy opened the restaurant in 1967 in Atlanta's Greenbriar Mall, serving its Original Chick-fil-A Chicken Sandwich for just 59 cents.

The Cybertruck's rollout has been a continuous source of unexpected and noteworthy costs for Tesla over the course of its development.

IBM posted some solid results to round out its financial year.

Energy storage deployments reached 14.7 GWh in 2023 according to Tesla's (TSLA) Q4 2023 earnings report.