Skechers sells for $9 billion after warning Trump’s tariffs pose ‘existential threat’
The footwear giant pulled its full-year forecast earlier this year, citing “macroeconomic uncertainty stemming from global trade policies.”
Investing
Trump praises Albanese after election win – but has ‘no idea’ who Dutton is
US President Donald Trump has described Prime Minister Anthony Albanese as a friend and praised his election win, while also admitting he had “no idea” who ran against him.
Warren Buffett says he will step down as Berkshire Hathaway CEO
Billionaire investor Warren Buffett, 94, announced Saturday he will leave his role as Berkshire Hathaway’s CEO by the end of the year.
At Warren Buffett’s final annual meeting, he remains bullish on America
The world’s most successful investor intends to hand the reins to Greg Abel at the end of the year, but he has never been more hopeful about the future.
Apple stock slips as Tim Cook says he expects $900 million Q2 tariff hit
The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share buyback program.
‘Absolutely false’: Musk and Tesla Chair dismiss report saying carmaker sought to replace CEO
Concerns about Tesla’s plunging stock prompted board members to hunt for a successor to CEO Elon Musk, according to the Wall Street Journal.
AI is making the internet’s bot problem worse. This $2 billion startup is on the front lines
Persona helps companies like OpenAI, LinkedIn and Reddit verify the identities of millions of users at a time when AI agents have made it increasingly difficult to do so. Now, it has $200 million in fresh funding from top VC firms.
The biggest billionaire winners and losers of Trump’s first 100 days
Hundreds of billionaires are poorer since Trump took office. Here are the few who have lost—or gained—the most.
Here’s what to know about Meta’s standalone AI app to rival ChatGPT
The artificial intelligence tool uses the fourth iteration of Meta’s Llama model, which Meta has touted as being more cost-efficient than competitors like ChatGPT and Gemini.
The top US stock of Trump’s first 100 days: Peter Thiel’s Palantir
Up 54% since Trump took office, Palantir has emerged unscathed from the S&P 500’s worst start to a presidency in 51 years.