Tesla on Wednesday reported a sharp drop in profit for 2024 as rivals in China, Europe and the United States chipped away at its lead in the market for electric cars. The company, which is led by Elon Musk, said it made a profit of $2.3 billion during the last three months of 2024. That…
Since taking over as chief executive of Starbucks last fall, Brian Niccol has tried to come up with fixes for the many challenges facing the coffee giant. One of his top goals: Getting coffee to customers in four minutes or less. Four minutes might not sound so fast when you want a morning caffeine jolt,…
UnitedHealth Group reported on Thursday that it earned less than expected this past quarter, citing higher medical costs and pressure on its insurance division at a time when the company is still reeling from the shocking murder of a top executive last month. Revenues for UnitedHealth Group amounted to $100.8 billion for the fourth quarter,…
Starbucks will require people visiting its coffee shops to buy something in order to stay or to use its bathrooms, the company announced in a letter sent to store managers on Monday. The new policy, outlined in a Code of Conduct, will be enacted later this month and applies to the company’s cafes, patios and…
This year just got started, but it is already shaping up nicely for U.S. airlines. After several setbacks, the industry ended 2024 in a fairly strong position because of healthy demand for tickets and the ability of several airlines to control costs and raise fares, experts said. Barring any big problems, airlines — especially the…
General Motors and Ford Motor each reported strong increases in vehicle sales in the United States in the final three months of 2024 amid rising expectations for continued growth in the new year. G.M. said its fourth-quarter sales rose 21 percent from the period a year earlier, to more than 755,000 cars and light trucks….