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Apple Music to Replace Pepsi as Sponsor of NFL’s Super Bowl Halftime Show

Tech company signed a multiyear deal with the NFL; the league hasn’t announced who will perform at the next halftime show

Latest Business

Twitter Shareholders Are Poised to Approve Elon Musk Takeover Deal

Early votes suggest the acquisition will be approved by a wide margin, say people familiar with the matter

Goldman Sachs Plans to Cut Hundreds of Jobs

Planned layoffs follow reinstatement of annual performance reviews and a slump in Wall Street deal making

Truth Social faces financial peril as worry about Trump’s future grows

Payment disputes and a dwindling audience have fueled doubts about the former president’s Twitter clone

Walmart Revenue, Profit Rise as Higher Prices Lift Business

Retail giant says it is gaining market share in some categories such as grocery, and its efforts to clear out excess inventory are continuing

Disney passes Netflix in streaming war, but there are two catches

In the heated streaming war, Disney has just claimed a major victory. But dig a little deeper and the numbers tell a different story

Elon Musk sells $6.9bn of Tesla shares as Twitter lawsuit looms

Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn).

Carlyle Chief Executive to Step Down

Private-equity firm says Kewsong Lee will step down as CEO immediately and leave the firm at the end of this year

Wall Street's lavish bonuses are getting slashed

A new report from consulting firm Johnson Associates forecasts that year-end bonus pay will decline across financial services, with some bankers seeing bonuses gutted by 45% or more from last year.

Netflix Is Scrambling to Learn the Ad Business It Long Disdained

Reed Hastings insisted on focusing on subscriptions until competitors started nibbling away at his business model

Elon Musk and Twitter trial will start Oct. 17

Twitter and Elon Musk will face off in Delaware Chancery Court on Oct. 17 if they don’t settle first.

JetBlue Agrees to Buy Spirit Airlines for $3.8 Billion

Deal would create fifth-largest U.S. carrier after JetBlue wrests discount airline from Frontier

Credit Suisse Plans Strategic Review as It Replaces CEO

Lender names Ulrich Körner as chief executive and launches review to pare back its investment bank further

Spotify has 188 million Premium users, but continues to lose money

Overall user figures grew to 422 million, but the company $197 million in the quarter.

Shopify laying off 10% of staff as explosive pandemic growth fizzles

Affected staff being notified today

Russian-born billionaire dumps Musk investments after wife’s affair – WSJ

The spouse of Google co-founder Sergey Brin reportedly had a liaison with his friend Elon Musk

Twitter spent $33m in three months on Elon Musk deal

Twitter spent $33m (£27m) on Elon Musk's proposed deal to buy the firm between April and June 2022.

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