Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges

Disney tops quarterly profit estimates, but starts to lose Disney+ streaming subscribers

Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.

NBC News - 54m

Toyota raises profit forecast and aims to double down on China

Plans for new battery and electric vehicle plant in Shanghai unveiled for Lexus brand

Financial Times - 8h

Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges

Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai government

ABC News - 8h

Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates

Toyota Motor on Wednesday reported a second consecutive fall in profit, as it navigates competition in China and a market shift toward electric vehicles.

CNBC - 9h

Disney tops quarterly profit estimates, but starts to lose Disney+ streaming subscribers

The company's streaming business reported another quarter of profitability despite a 1% decline in subscribers for Disney+.

CNBC - 48m

Tariffs on Mexico, Canada delayed as China announces counter tariffs on some U.S. products

After the 25% tariffs on goods from Canada and Mexico were halted for 30 days, the 10% tariff on Chinese goods took effect at midnight. Shortly after, China announced 10-15% counter tariffs on some ...

CBS News - 1d

China announces counter tariffs on numerous U.S. products

China says it will counter President Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports. It also announced an antitrust probe into Google and other trade measures.

CBS News - 1d

Trump and Netanyahu to meet; China announces retaliatory tariffs against U.S.

President Trump and Israeli Prime Minister Benjamin Netanyahu will meet and hold a joint news conference at the White House Tuesday. CBS News chief White House correspondent Nancy Cordes has more ...

CBS News - 1d

Trump's antagonism risks pushing U.S. allies closer to China

If foreign leaders have learned anything about Donald Trump’s presidency, it may be that they’re better off as America’s foe than its friend.

NBC News - 2d

China is stealing the scene in Japan’s TV market

Underestimating the ingenuity of Chinese competitors has proven unwise

Financial Times - 4d

Rice price rise pushes Japan to tap strategic reserves

Tokyo seeks to use national stockpile for first time since 2011 tsunami amid fears of shortage

Financial Times - 5d

Deutsche Bank shares drop after quarterly profit falls, cost target scrapped

Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.

CNBC - 5d

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

Microsoft Corp. said Wednesday that its profit for the October-December quarter grew 10% from the same time last year as it works to capitalize on the huge amounts of money it has spent to advance ...

ABC News - 6d

Europe Pushes for Sweeping Regulatory Reform to Compete With U.S., China

The move comes as the head of the European Central Bank suggested that Americans disaffected with the Trump administration should come to Europe.

The Wall Street Journal - Jan. 24

Twilio stock surges after company issues optimistic 2027 profit forecast

Twilio wants to grow in conversational artificial intelligence while also becoming more profitable.

CNBC - Jan. 23

EU plans subsidy for EV car sales to counter China

Teresa Ribera says European Commission weighing up measure demanded by Germany

Financial Times - Jan. 23

Travelers Upbeat on Momentum Despite Fires as Fourth-Quarter Profit Surges

The property-and-casualty insurer said the strong results and outlook would allow it to support customers affected by the wildfires that devastated L.A.

The Wall Street Journal - Jan. 22

Trump pulls the plug on battery-makers’ EV dream

The speed at which policy direction has been outlined is enough to have a chilling effect on the market

Financial Times - Jan. 21

Is TikTok pushing Taiwan’s young people closer to China?

A growing number of researchers fear that the controversial app is promoting pro-China content and softening attitudes towards the People’s Republic

Financial Times - Jan. 17

EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024

DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” vehicles but coming ...

NBC News - Jan. 16

Nvidia supplier Taiwan Semi reports profit surge. AI capacity is ‘very tight,’ CEO says.

Taiwan Semiconductor Manufacturing Co. on Thursday reported a stronger-than-expected profit and said artificial intelligence demand will help offset a typically weak period for smartphone sales.

MarketWatch - Jan. 16

Toyota reaches $1.6 billion settlement of emissions fraud case in U.S.

U.S. officials announced a $1.6 billion deal with Toyota's Hino Motors unit to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.

CBS News - Jan. 16

Toyota subsidiary to pay $1.6 billion over U.S. emissions fraud case

Toyota subsidiary Hino Motors will pay $1.6 billion to settle a fraud case that alleged the company deceived regulators about emissions amounts from its diesel engines, U.S. officials have ...

CBS News - Jan. 16

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom

ABC News - Jan. 16

GM looks to make cheaper EV batteries after signing multibillion-dollar deal

General Motors aims to boost EV profitability with its deal with Norway-based graphite manufacturer Vianode for battery materials.

MarketWatch - Jan. 15

GM Signs Multibillion-Dollar Deal for Supply of EV Battery Materials

The deal, with Norway’s Vianode, is for delivery of a material critical for electric-vehicle batteries.

The Wall Street Journal - Jan. 15

On the eve of Switch 2 announcement, the game industry has a lot at stake

The Nintendo Switch 2 is expected to be announced on Thursday, according to rumors across the industry.

VentureBeat - Jan. 15

Big US banks set for $31bn quarterly profit as Wall Street business booms

Trading activity boosted in final quarter of 2024 by Donald Trump’s election win

Financial Times - Jan. 13

China corporate profits set for third year of declines

Oversupply drives intense competition that is undermining prices and profitability

Financial Times - Jan. 13

Despite Nippon Steel Negotiation, U.S., Japan Retain Strong Relationship

Though the president blocked Japanese purchase of Nippon Steel, it remains a U.S. ally.

Inc. - Jan. 12

Toyota rethinks its bet on hydrogen

The world’s largest carmaker is pivoting to commercial vehicles after passenger cars fail to gain traction

Financial Times - Jan. 10

Japan mafia leader pleads guilty in U.S. to nuclear material trafficking

Takeshi Ebisawa allegedly conspired to traffic uranium and plutonium from Myanmar in the belief that Iran would use it for nuclear weapons.

CBS News - Jan. 9

Pentagon blacklisting of China’s EV battery maker puts US banks in bind

Involvement in Hong Kong secondary listing of CATL raises reputational risks for Wall Street groups

Financial Times - Jan. 8

Annual ‘winners’ for most egregious US healthcare profiteering announced

Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...

The Guardian - Jan. 7

Pentagon blacklists Tencent, largest Chinese EV battery maker

The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the Pentagon and defense industry due to their alleged ties with China's ...

The Hill - Jan. 7