Business News

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

Apple on Thursday announced changes to its App Store after the European Union accused the iPhone maker of breaking the bloc's landmark new digital rules.

Deliveroo shares surged more than ten percent Thursday after the international food delivery app struck its first six-month net profit, an achievement described as a "major milestone" by its boss.

A new chief executive takes over at Boeing on Thursday, and he plans to walk the floor of the factory near Seattle that has become the heart of the aerospace giant's troubles.

German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the "boom" in artificial intelligence and customers upgrading power grids.

Leading Chinese chipmaker SMIC announced Thursday a sharp year-on-year drop in profits during the second quarter, as a domestic price war and technological rivalry between Beijing and Washington show no signs of abating.

Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.

Aviation experts and analysts have been full of praise for Kelly Ortberg, who returns from early retirement Thursday to take up the challenge of turning Boeing around after a series of quality and financial issues.

The world is falling well short of a promise made at global climate talks last year to triple the amount of wind power, according to a report by an energy think tank released Thursday.

"We're taking a waste product that's being produced by society and we're mining the gold from that waste product and starting to see the value in that finite resource," a mint official says.

Green hydrogen is emerging as an important potential solution for decarbonizing transportation, but new energy efficiency findings indicate that it should be used strategically in heavy-duty road, rail, aviation and marine transportation, a University of Michigan study shows.

Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors.

After raising $200 million from investors, Humane has only sold $9 million worth of products and has received $1 million in returned products.

Paramount+ is raising the prices of its monthly plans, but there's a way to avoid the hikes and enjoy NFL football.

A report has outlined how Tim Cook has become the chief lobbyist for Apple. This is unsurprising, given Cook and predecessor Steve Jobs' history of influencing world governments.

The chances of an employee who has been fired being hired decrease by 25% in the first year after they are fired, and drop 7% in the long-run.

The ongoing conflict is a source of uncertainty for investors everywhere, with escalations between Israel and Hezbollah threatening to push the already moribund Lebanese economy over the edge.

Elon Musk's recent announcement on Twitter that "Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year" suggests that robots that have physical human-like characteristics and provide "genuinely useful" function might be with us soon.

You're scrolling through your socials and an app for an online shopping site appears. You click the link but, before you can see any merchandise, a spinning wheel flashes up and invites you to press the button to spin. You do and you win 50% off any purchase. How good is that?

Hong Kong carrier Cathay Pacific said Wednesday it would buy up to 60 Airbus A330-900 aircraft as it looks to build on a post-COVID recovery and reach pre-pandemic passenger numbers in the new year.