Tesla misses third quarter delivery expectations
Tesla shipped 435,059 cars globally in the third quarter, as factory downtime led to its first delivery decline in more than a year. The results, posted Monday, missed expectations, causing the stock to dip 2%.
Microsoft tried to sell Bing to Apple in 2020
Microsoft Corp. discussed selling its Bing search engine to Apple Inc. around 2020, a deal that would have replaced Google as the default option on the iPhone maker's devices, according to people with knowledge of the matter. The Justice...
Meta unveils AI assistant, smart glasses
Meta Platforms Chief Executive Mark Zuckerberg has rolled out new AI products for consumers, including smart glasses that can answer questions and stream directly on Facebook, as well as bots that create photo-realistic images and an upd...
U.S. DOJ steps up probe into Credit Suisse and UBS
The U.S. Department of Justice has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation.
Amazon hit by U.S antitrust lawsuit
In a long-expected move, the United States Federal Trade Commission and a collection of 17 states are suing one of the richest companies in the world. Amazon is accused of harming consumers by stifling competition.
FTC files antitrust case against Amazon
The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers. Amazon says ...
JPMorgan settles lawsuit over Jeffrey Epstein ties
JPMorgan Chase & Co. reached settlements with former executive Jes Staley and the US Virgin Islands over ties to Jeffrey Epstein, as it seeks to end its legal woes over its banking relationship to the deceased pedophile.
Disney invests $60 billion to expand parks, cruises
The Walt Disney Company is looking to nearly double its capital expenditures over 10 years to about $60 billion, the company said in a press release. That includes expanding parks, experiences and cruises.
Instacart shares surge 43% on IPO
Online grocery delivery business Instacart jumped as much as 43% in its trading debut, adding momentum to a rebound for initial public offerings. Shares opened for trading at $42 each after selling for $30 at the top of the range. Bloomb...
United Auto Workers strike enters fourth day
The autoworkers strike against Detroit's major automakers reaches its fourth day, both labor unions and company executives remain at a considerable impasse. The companies have offered a 20% raise, while workers are pushing for a wage inc...
Google anti-trust case is the biggest in decades
Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice charged Tuesday at the opening of the biggest U.S. antitrust trial in a quarter-century. This case...
Chinese EV makers vie for EU market share
At the International Motor Show in Munich, Chinese electric car makers are showcasing their latest models and capability in gaining a larger piece and making it clear they hope to get a larger piece of Europe's EV market. Meanwhile, Germ...
Worldcoin woes remain a month after launch
It's been a month since Berlin-based startup Tools For Humanity presented a grand vision of digital identification and resource allocation. But critics say the project's privacy and ethics principles remain blurry.
Apple to unveil iPhone 15 and new iWatch
Apple Inc. has set Sept. 12 as the date for its biggest product-upgrade event of the year, when it's set to unveil the iPhone 15 line and next-generation smartwatches.
Apple to release new iPad Pro in 2024
Apple is working on a revamped iPad Pro for next year, aiming to shake up a tablet market that's deep in the doldrums. Bloomberg's Ed Ludlow reports.
Rolex acquires luxury jeweler Bucherer
Rolex SA is upending the world of luxury watch retailing by buying Bucherer AG in a deal that gives the Swiss brand a major presence in consumer sales for the first time. Matt Miller and Damian Sassower report on "Bloomberg Surveillance."
Instacart files for NASDAQ IPO
Instacart is moving ahead with an initial public offering, disclosing net income of $242 million for the first half of the year. Katie Roof reports on "Bloomberg Markets: The Close."
Subway acquired by Dunkin' owner for $9.6 billion
What was once the world's largest restaurant chain, Subway is now being sold to a company that owns an upstart competitor.T he king of sub sandwiches announced Thursday that it has entered a binding agreement to be acquired by Roark Capi...
Dan Ives says Nvidia stock rally is just beginning
"The tidal wave of (AI) spending is not even in the first inning. It's in the dugout," Wedbush Senior Equity Research Analyst Dan Ives says during an interview with Alix Steel on "Bloomberg The Open." Ives also says he sees the start of ...
What to expect from Nvidia's earnings
Nvidia Corp., the chipmaker which has added more than $370 billion in market value since its last update, is reporting results after the bell Wednesday that could set the tone for global stock markets for the rest of the year. Bloomberg ...
American Airlines pilots win record contract
American Airlines pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits. Mary Schla...
Intel Scraps $5.4 Billion Deal for Israel's Tower Semiconductor
Intel says it is walking away from its attempt to acquire Tower Semiconductor, abandoning a $5.4 billion deal after failing to win regulatory approval in time. Intel will pay a termination fee of $353 million.
Amazon faces anti-trust showdown with the FTC
Amazon and US regulators will meet this week, the final step before a long-shot bid to break up the tech giant, this in an effort for the retailer to argue that its behavior is harmless and to try and avoid a full-blown antitrust lawsuit...
U.S. Steel rejects $7.25 billion takeover bid
United States Steel has rejected a takeover offer of about $7.25 billion from rival Cleveland-Cliffs and will begin a review of its strategic options instead. Kriti Gupta has the latest on "Bloomberg Surveillance: Early Edition."
Disney raises prices on Disney+ and Hulu
Disney is looking to join Netflix in raising prices for its streaming services and cracking down on password sharing.During an earnings call Wednesday, Walt Disney CEO Bob Iger said the company is looking to increase profits by hiking pr...
Backlash over "Woke" stances hit corporate profits
Companies across both sides of the Atlantic are being dragged into the war on woke. Dasha Afanasieva reports on some of the latest victims and the tough decisions facing companies today.
ESPN signs $1.5 billion sports betting deal
Disney's ESPN has signed a long-term exclusive agreement with casino operator Penn Entertainment, licensing its brand for sports betting and deepening the media giant's ties to the growing online gambling business. Bloomberg's Chris Palm...
Tesla wants $100M for Texas-California truck chargers
Bloomberg's Dana Hull discusses why Tesla is seeking nearly $100 million from the US to build nine electric semi-truck charging stations along a route from the southern border of Texas to northern California. She speaks with Ed Ludlow on...
Subway offers free sandwiches if you change your name
America's largest deli chain is giving customers a chance to win free sandwiches for life. The catch: you have to give up your name. Subway announced Wednesday it is holding a nationwide contest and choosing one lucky winner of a lifetim...