Business
Robinhood Shares Drop 4% as Cryptocurrency Slump Weighs on Third-Quarter Profits
Weaker-than-expected quarterly earnings highlight the brokerage firm's ongoing exposure to volatile retail trading.
Business
Latest Business news and the most important developing stories.
Business
Tata Motors Secures Majority Control of Iveco in Multibillion-Euro Deal
The Indian conglomerate surpassed the required acceptance threshold to advance its European commercial vehicle expansion.
Business
Italy Drafts 2027 Budget With Targeted Tax Cuts for Youth and Freelancers
The 23.5 billion euro plan prioritizes younger workers while shelving income tax cuts for the middle class.
Business
Ceconomy Reports 27% Profit Surge as JD.com Takeover Awaits EU Review
The Dusseldorf-based parent of MediaMarkt posted €515 million in operating earnings as Chinese retailer JD.com moves to acquire the company.
Business
RTL Expands Digital Footprint as Streaming Strategy Drives Subscription Growth
A strategic partnership with YouTube and priority streaming windows are bolstering viewership for Germany's RTL+.
Business
Flight Attendant Arrested for Allegedly Using Travel Perks in $25,000 Senior Scam
Authorities allege the airline employee flew to Florida to target an elderly woman in a sweepstakes scheme.
Business
Foreign Exchange Markets Shift as Yen Rises and Carry Trade Strategy Unwinds
Currency movements and rising bond yields prompt warnings from the IMF over market stability.
Business
Café Fiorello to Close in D.C. as New Owners Acquire Bankrupt Parent Group
A $22 million buyout preserves the brand's iconic Manhattan locations while shutting down outposts in the capital and Maryland.
Business
Walmart Recalls Over 40,000 Cans of Great Value Fruit Cocktail Due to Lead Risk
The U.S. Food and Drug Administration issued a Class II recall for specific cans of Great Value fruit cocktail distributed across seven states.
Business
Innodata Lays Off Hundreds of Workers in India and the Philippines
Artificial intelligence and data engineering services provider Innodata cut nearly 550 jobs in India alongside additional reductions in the Philippines.
Business
Poundland Faces Potential Insolvency as Owners Weigh Alternative Bids
The discount retailer could face insolvency within days as private equity group Gordon Brothers evaluates offers for parts of the business.
Business
Founders of Il Fatto Quotidiano Reject Takeover Bid from Lmdv Media
Founding shareholders holding a majority stake in the publishing company have declined a voluntary public tender offer from Leonardo Maria Del Vecchio's investment firm.