The Agnelli family, which possesses a majority share in Ferrari via Exor Holding, will decrease its ownership in the firm. The holding plans to divest approximately 7 million shares in the automaker, equating to around 4% of Ferrari's equity, and generate €3 billion, Exor announced in a statement....

Nvidia’s latest quarterly report has sparked a flurry of market discussion. The chip giant posted an upbeat forecast fueled by surging investments in AI infrastructure by major technology companies. However, beneath the impressive revenue figures lies a story of tightening margins and cautious...

Automaker Stellantis has projected a return to revenue growth in 2025 following a significant decline in profits in 2024, according to a company statement reported by CNBC. Stellantis encompasses car brands like Jeep, Dodge, Fiat, Chrysler, and Peugeot. Stellantis' net profit in 2024 decreased by...

Energy firm British Petroleum (BP) will break its commitment to reduce oil and gas output on February 26, according to the Financial Times (FT), referencing sources knowledgeable about the strategy. As part of the transformation strategy revealed in 2020, BP committed to reducing oil and gas output...

The U.S. vape market has experienced dramatic shifts over recent years, with unauthorized flavored disposable vapes playing a pivotal role in its evolution. In 2024, these products generated around $2.4 billion in sales, representing roughly 35% of e-cigarette transactions in convenience stores and...

Apple Corporation announced it plans to invest $500 billion in the United States over the next four years and will generate 20,000 jobs in research and development. Specifically, the firm intends to invest in building a facility in Texas that will manufacture servers for artificial intelligence...

Leading German car manufacturers have devised strategies to restructure their production facilities to reduce the impact of anticipated tariffs on vehicles in the United States. Reuters has discovered that Audi and Mercedes-Benz perceive an opportunity in increasing their production in the United...

Recent CEO surveys reveal a notable gap between the high expectations for Generative AI (GenAI) benefits and the modest financial outcomes that companies have reported. Although many executives remain optimistic about GenAI’s potential to boost profitability and streamline operations, the tangible...

Corporate diversity initiatives once stood as a proud testament to American business leadership. In the early 2010s, major corporations adopted comprehensive diversity, equity, and inclusion (DEI) strategies that promoted a wide range of voices, reflecting the evolving demographics of the...