Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Nintendo Switch 2 Soars to New Heights
Nintendo has increased its sales forecast for the Switch 2 console to 19 million units for the fiscal year ending March 2026.
EV Sales Plunge After Federal Tax Credits Expire, Automakers Report Sharp Declines
Automakers reporters a sharp decline of U.S. sales of electric vehicles in October after the expiration of up to $7,500 in federal tax credits.
WSJ: Klarna Gearing Up to Begin IPO Marketing Campaign
Klarna is gearing up to begin its IPO marketing campaign as early as Tuesday, right after Labor Day, in preparation for a New York Stock Exchange debut.
Nestle Removes CEO Laurent Freixe Over Violating Business Conduct
Nestlé has abruptly removed CEO Laurent Freixe after an investigation confirmed he had failed to disclose a romantic relationship with a subordinate.
Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Anna Wintour taps Chloe Malle as Vogue successor
Anna Wintour has named Chloe Malle as her successor as head of editorial content at American Vogue.
Kraft Heinz undoes blockbuster merger after a decade of falling sales
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
OpenAI and Meta: Our chatbots must better respond to teens in distress
OpenAI and Meta are adjusting how their chatbots respond to teenagers showing signs of distress.
NVIDIA Beats Earnings, But the Stock Still Falls. Here's Why.
Ray Wang, Founder & Chairman of Constellation Research, discusses Nvidia's second quarter results.
The Hottest Destinations for Labor Day Travel
Brigit Zimmerman, Chief Commercial Officer at Priceline, discusses the top trends and places for Labor Day weekend travel.
Big Business This Week: Is Elon Musk toxic for Tesla?
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
