Business
Nestlé plans to double down on ‘billionaire brands’ in major overhaul, cutting $2.8 billion in costs
Nestlé is home to 31 brands that are “billionaires” in their own right. Still, it’s slipped behind competitors—new CEO Laurent ...
Nvidia must show Blackwell chip can drive growth in earnings report
Nvidia is on a historic run as its GPU chips are the technology industry’s tool of choice for making and ...
Exclusive: Roboflow, vision AI startup, raises $40 million Series B
Roboflow has raised $40 million for its Series B, led by GV, Fortune has exclusively learned. Read More
European tech funding declines for third consecutive year — but the sector is finally stabilizing
VC investment in European startups is projected to decline for a third straight year, according to Atomico — but there ...
Severing of Baltic Sea cables likely to be sabotage, Germany says
Defence minister Boris Pistorius says it is unclear who was responsible for ‘hybrid’ warfare tactic
NYC is pausing aqueduct repairs to bring in more water as it issues first drought warning in 22 years
Mayor Eric Adams upgraded the drought warning and temporarily halted a $2 billion aqueduct repair project that had stopped drinking ...
Tax tips for HENRYs: 5 end of year moves if you are High Earner Not Yet Rich
“It’s remarkably difficult to make ends meet on very high compensation.” Read More
Ben Affleck says AI can’t ‘replace human beings making films’ because it lacks ‘taste’
The A-list star and director doesn’t think AI will take over the movie industry, but he sees it as place ...
Lies, greed and exploding crockpots: How PE firm Cornell Capital’s purchase of Instant Brands went very wrong
Trustee Alan Halperin seeks to recover at least $400 million for Instant Brand creditors Read More
Trump’s demolition of the US state
One irony of the president-elect’s campaign of destruction is that the government is in dire need of reform
Swiss watch exports fall again amid plummeting demand in China
Swiss watch exports are on track to post an overall decline in 2024 for the first time since the pandemic ...
Kering reshuffles ranks with new Yves Saint Laurent and Balenciaga CEO
The Paris-listed group warned last month that its annual profit will fall to its lowest level since 2016 on weak demand for ...
Elon Musk’s SpaceX and Jeff Bezos’ Amazon agree on something—they’re both suing the National Labor Relations Board, claiming it’s unconstitutional
A ruling in favor of the companies could immensely diminish — or paralyze — the nearly century-old agency, which is ...
DOJ will push Google to sell Chrome to break search monopoly
The case was filed under the first Trump administration and continued under President Joe Biden. Read More
MSNBC ‘Morning Joe’ hosts ask critics ‘Why wouldn’t we?’ meet with Trump
MSNBC hosts Joe Scarborough and Mika Brzezinski say they traveled to Mar-a-Lago for a meeting with Trump to reopen lines ...
Arthur Frommer, whose ‘Europe on 5 Dollars a Day’ guidebooks revolutionized leisure travel, has died at 95
Frommer began writing about travel while serving in the U.S. Army in Europe in the 1950s. Read More
China’s chip advances stall as U.S. curbs hit Huawei AI Product
The struggle reflects how years of U.S. sanctions have scored initial success at freezing Chinese technology advancements at current levels. ...
The company that’s building on the moon
BIG is aiming to create lunar structures for human habitation by 2032. Read More
What’s behind the shocking, sudden rise in interest rates over the past few weeks?
This explosive shift in rates—in the wrong direction—is a harbinger of trouble as it is a crucial long-term driver of ...
The ancient Lebanese valley suffering under Israeli bombs
The Bekaa, known for its Roman temples, is now a focus of the IDF’s campaign against Hizbollah and paying a ...
China scrambles to connect with potential Trump officials
Hawkish stance of Republican president-elect leaves Beijing at a disadvantage with incoming administration
Germany’s struggling Thyssenkrupp books $1 billion impairment charge as steel demand weakens
Thyssenkrupp on Tuesday reported a 1-billion-euro ($1 billion) impairment on its struggling steel division.
Doubts mount over Britain’s ambitious growth plans — with warnings of further tax rises possible
Doubts are mounting over the Labour government’s flagship growth and investment agenda, with one analyst warning further tax rises could ...
Market veteran Howard Marks cautions that China’s economic growth target is a ‘Herculean challenge’
Veteran investor Howard Marks is hopeful about China’s growth trajectory, though he believes a monumental feat lies ahead.
Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen
Financial technology unicorns aren’t in a rush to go public even after buy now, pay later firm Klarna filed for ...
If Apollo CEO Marc Rowan is tapped as Treasury Secretary, it could mean a boon for $24 trillion private equity market
The billionaire founder would be just the latest top PE executive to wield power in aTrump White House. Read More
Gen X founder of $63 million-a-year ice-cream company grows raspberries, blueberries and bok choi from her central London abode
Little Moon’s co-founder Vivien Wong lives near Mayfair, wears vintage Chanel and enjoys coffee in bed every morning. Read More
G20 waters down support for Ukraine amid pressure for peace talks
Advanced economies omit criticism of Moscow targeting civilian infrastructure and nuclear threats in Rio statement
Volkswagen’s hopes of a US comeback shaken by Trump’s re-election
The threat of tariffs and subsidy shake-up comes as German carmaker faces weak American sales of its all-electric SUV
