Skechers sells for $9 billion after warning Trump’s tariffs pose ‘existential threat’
The footwear giant pulled its full-year forecast earlier this year, citing “macroeconomic uncertainty stemming from global trade policies.”
Business
Inside the Waymo factory building a robotaxi future
An exclusive look inside the facility turning Jaguar EVs into robotaxis with the AI-driven fleet’s custom computing system, cameras, lidar and radar.
Trump praises Albanese after election win – but has ‘no idea’ who Dutton is
US President Donald Trump has described Prime Minister Anthony Albanese as a friend and praised his election win, while also admitting he had “no idea” who ran against him.
How billionaire Clive Palmer burned $60 million on a party that won nothing
The mining magnate’s Trumpet of Patriots failed to win a single seat in the 2025 federal election, despite a record-breaking ad blitz and a maligned nationwide SMS campaign.
Warren Buffett says he will step down as Berkshire Hathaway CEO
Billionaire investor Warren Buffett, 94, announced Saturday he will leave his role as Berkshire Hathaway’s CEO by the end of the year.
Apple stock slips as Tim Cook says he expects $900 million Q2 tariff hit
The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share buyback program.
‘Absolutely false’: Musk and Tesla Chair dismiss report saying carmaker sought to replace CEO
Concerns about Tesla’s plunging stock prompted board members to hunt for a successor to CEO Elon Musk, according to the Wall Street Journal.
Food feud: RecipeTin Eats’ founder accuses Queensland baker of plagiarism
The Australian author and food blogger behind RecipeTin Eats, Nagi Maehashi, has made copyright infringement allegations against Penguin Random House claiming there are plagiarised recipes in Brooke Bellamy’s best-selling book, Bake with Brooki.
AI is making the internet’s bot problem worse. This $2 billion startup is on the front lines
Persona helps companies like OpenAI, LinkedIn and Reddit verify the identities of millions of users at a time when AI agents have made it increasingly difficult to do so. Now, it has $200 million in fresh funding from top VC firms.
The biggest billionaire winners and losers of Trump’s first 100 days
Hundreds of billionaires are poorer since Trump took office. Here are the few who have lost—or gained—the most.