At a time when many automakers are cutting back on electric-car production, Toyota appears to be going all in. Environmental groups have criticized the world’s largest automaker for relying on hybrids instead of fully electric vehicles. But the Japanese manufacturer has announced three new electric models, and it has also moved to discount its existing…
China’s Alibaba posted stronger growth in its key cloud division in the June quarter, as rising demand for its AI products boosted results. That came even as net income dropped 75% year-on-year to 10.4 billion Chinese yuan due to a rise in spending on cloud infrastructure. U.S. listed shares fell 4% in premarket trading. This…
LightField Studios / Shutterstock.com A no-regret retirement is one of life’s biggest decisions. It’s a major transition — not unlike choosing a career, a partner, or where to put down roots — and it deserves the same level of thought and care. The difference is that retirement isn’t a single choice. It’s a series of…
Brian Moynihan, Bank of America’s bank’s chief executive, told CNBC this week that a quarter of a billion dollars on GLP-1 weight-loss medication is up from zero about five years ago. Against a health care bill topping $2 billion for roughly 211,000 employees, the drugs alone now account for about 13 cents of every dollar…
Generation Z has a positive view of retirement, according to a new SoFi survey, but its approach to building financial security includes strategies that fall outside traditional retirement planning. Fifty-seven percent of Gen Z respondents said retirement is achievable with a plan in place, compared with 45% of Millennial respondents. Eighty percent of Gen Z…
Japan’s Prime Minister Sanae Takaichi responds to questions from reporters at the Prime Minister’s Office in Tokyo on May 25, 2026. Prime Minister Sanae Takaichi said on May 25 the government will compile a $19 billion supplementary budget to support households grappling with soaring everyday costs driven by the Iran war. (Photo by JIJI PRESS…