Business

Ars Technica reports: Early car sales data for January is starting to arrive from countries across the pond, and they paint an alarming picture for Tesla. Sales are crashing in France, Germany, and the UK—all affluent countries that are key markets for Tesla’s electric vehicles. In France, sales of new Teslas fell by 63 percent, while total car sales in …

CNN Business reports: The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders. The Georgia-based chain is adding a 50-cent charge per egg because of the “nationwide rise in cost of eggs,” according to signs posted at its restaurants. An aggressive strain of avian flu is hurting supply and causing prices to rise …

The New York Times reports: Asian and European stock markets dropped on Monday as the global fallout from President Trump’s decision to impose tariffs on Mexico, Canada and China began. In the United States, shares were poised to open lower. Japan’s Nikkei 225 index and South Korea’s Kospi each fell more than 2.5 percent. The Taiwan Stock Exchange weighted index …

“Every year, LCBO sells nearly $1 billion worth of American wine, beer, spirits and seltzers. Not anymore. Starting Tuesday, we’re removing American products from LCBO shelves. “As the only wholesaler of alcohol in the province, LCBO will also remove American products from its catalogue so other Ontario-based restaurants and retailers can’t order or restock U.S. products. “There’s never been a …

The New York Times reports: In a wide-ranging question-and-answer session with Meta employees on Thursday, Mark Zuckerberg, the company’s chief executive, defended recent changes he had made to loosening restrictions on online speech and ending diversity initiatives, and doubled down on embracing President Trump’s new administration. “I want to be clear, after the last several years, we now have an …

CBS News reports: Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts. The electric vehicle company run by Elon Musk said Wednesday that it made $2.31 billion from October through December, less than the $7.93 billion profit it posted in the …

The Wall Street Journal reports: President Trump has signed settlement papers that are expected to require Meta Platforms to pay roughly $25 million to resolve a 2021 lawsuit Trump brought after the company suspended his accounts following the attacks on the U.S. Capitol that year, according to people familiar with the agreement. Of that, $22 million will go to a …

The Wall Street Journal reports: CVS Health today unveiled a revamped app that aims to shorten long pharmacy lines, deliver more transparency on prescription costs and ultimately make visits to the retail pharmacy chain quicker and less painful. The new features include a bar code that lets pharmacists quickly look up a prescription and receive a payment, a way for …

CNBC reports: Google said Monday it will change the name of the Gulf of Mexico to “Gulf of America” in Google Maps after the Trump administration updates its “official government sources.” The company also said it will start using the name “Mount McKinley” for the mountain in Alaska currently called Denali. Last week, President Donald Trump signed executive actions that …

Fox News reports: Attorneys general in 19 states are warning Costco “to end all unlawful discrimination imposed by the company through diversity, equity, and inclusion” policies to reflect President Donald Trump’s recent executive order booting DEI out of federal agencies and warning private sectors to do the same. “Racial discrimination is both immoral and illegal. Race-based employment hiring violates state …

The New Jersey Advance reports: The phone at Aqua Blu Kitchen & Cocktails has been ringing off the hook for days. Its email inbox has been flooded with hundreds of passionate messages. The restaurant has been a popular fixture of the Toms River scene for the past 13 years. But attention like this? Never. “It’s a nightmare,” owner Cathy Varriale …

The Wall Street Journal reports: Banks are getting ready to sell billions of dollars in debt borrowed by Elon Musk’s X, bringing Wall Street a step closer to exiting the nerve-racking deal that financed the social-media company’s buyout. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week of up to $3 billion of debt …

CNBC reports: Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers. In a memo sent to its employees, the Minneapolis-based retailer said it will end its three-year DEI goals, stop reports to external diversity-focused groups like the Human Rights Campaign’s Corporate Equality …

San Francisco’s NBC affiliate reports: The impact of Trump’s promise of mass deportation is already starting to show. The California Farm Bureau says fears in the Central Valley have led to migrant farmworkers not showing up for work, which has virtually halted the area’s citrus harvest. Agriculture leaders in the Bay Area are worried about something similar happening locally and …

The Associated Press reports: UnitedHealth Group will promote one of its top insurance executives to replace Brian Thompson, the slain CEO of its UnitedHealthcare arm. The company said Thursday that Tim Noel will become the next UnitedHealthcare leader. Noel most recently led UnitedHealthcare’s Medicare and retirement business. He joined the company in 2007. UnitedHealthcare is the nation’s largest insurer, covering …

Just in via press release: The construction industry will need to attract an estimated 439,000 net new workers in 2025 to meet anticipated demand for construction services, according to a proprietary model developed and released today by Associated Builders and Contractors. In 2026, the industry will need to bring in 499,000 new workers as spending picks up in response to …

ABC News reports: The company and the once-prominent family behind the drug OxyContin agreed Thursday to increase their financial contribution to resolve mass opioid litigation. The Sacklers and Purdue Pharma boosted their settlement contribution to $7.4 billion after the U.S. Supreme Court overturned a prior settlement in June 2024. If approved, the new plan would end the costliest corporate bankruptcy …

Bottle Raiders reports: During Donald Trump’s inauguration to the U.S. presidency, bottles of the Brown-Forman-owned brand, Woodford Reserve, were gifted to attendees witnessing the 47th president of the United States take office. The guest list was a mix of Supreme Court justices, members of Congress and CEOS from major tech companies like Apple and Amazon. The bottles were provided by …

CNET reports: A new broadband law is going into effect this week in New York state requiring internet provider to offer low-income residents access to monthly broadband rates of $15 for 25Mbps or $20 for 200Mbps. As a response, AT&T has decided that it no longer plans to offer its 5G home internet in the Empire State and will begin …

Eater DC reports: Tech titan Elon Musk is slated to be the highest bidder on D.C.’s trendy Line hotel. The recently inducted member of Trump’s billionaire boys club plans to turn the desirable Northwest digs with 220 rooms into a “private social club” of sorts, according to multiple sources familiar with the deal. A previously announced public auction for the …