US Business

The once-booming chip industry has been hurt by flagging consumer appetite amid worries over possible recession.

The activist investor has made a multibillion-dollar investment in Salesforce and is having conversations with numerous technology executives as well as those with other industry backgrounds.

The layoffs are another signal that economic uncertainty has spread beyond the technology and media sectors.

Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority.

Chief Branding Officer Koji Sato, who has led Toyota’s luxury Lexus division since 2020, will become president and chief executive in April.

Elon Musk’s electric-car maker reported record quarterly profit for the final three months of 2022 and warned of an uncertain period ahead.

The partnership marks latest iteration of yearslong relationship between digital publisher and social-media giant.

The company said it would reinstate the former president’s accounts in the coming weeks, lifting bans put in place in the wake of the Jan. 6, 2021, Capitol riot.

The billionaire has held talks with investors about selling new Twitter shares.

Rupert Murdoch called off his effort to merge the two parts of his media empire, News Corp and Fox Corp., saying the transaction “is not optimal” for shareholders of the companies at this time.