US Business

No other company currently in the S&P 500 has hit a $490 billion valuation as quickly and with as little in sales.

The announcement came about five months after the president dropped support for the technology executive.

In the complaint against Patrick James, the bankrupt auto supplier claims $500,000 was spent on a private chef, $150,000 went toward a personal trainer and $3 million was used to rent a New York townhouse.

The chip maker reported steep gains in both profit and sales for the third quarter as it moved deeper into AI data centers and increased sales of personal computer processors.

The agricultural company said net income decreased to $20.1 million as customers limited purchases to immediate needs thanks to trade uncertainty.

Norway’s sovereign-wealth fund is the first major institutional investor to disclose how it voted on the chief executive’s pay package.

Mike Hsu aims to stoke the consumer company’s growth by veering into Kenvue’s higher-margin but risky health products.

Business is surging for contractors and bars. Out-of-town workers are flooding hotels and RV parks. Cash is flooding into government coffers. But the newfound prosperity comes with costs.

The coffee giant is planning a joint venture with private-equity firm Boyu Capital for its more than 8,000 stores.

The company said its sales were $1.18 billion in the third quarter for a year-over-year growth rate of 63%.