- Walmart to invest $10 billion in electric vehicles and renewable energy. The company plans to purchase electric delivery vehicles and install solar panels on its stores and warehouses.
- Apple reports record quarterly earnings of $25.4 billion. The company’s revenue also hit a record of $123.9 billion, driven by strong sales of its iPhone and Mac computers.
- Tesla stock price falls after Elon Musk says he wants to cut 10% of jobs. Musk said the job cuts are necessary to ensure that Tesla is “as lean as possible.” The company’s stock price has fallen by more than 30% in the past year.
- Netflix loses subscribers for the first time in over a decade. The company lost 200,000 subscribers in the first quarter of 2023, the first time it has lost subscribers in over a decade. Netflix blamed the loss of subscribers on increased competition from other streaming services, such as Disney+ and HBO Max.Netflix loses subscribers for the first time in over a decade headline
- U.S. inflation hits 8.6% in May, highest level in 40 years. Inflation in the United States hit 8.6% in May, the highest level in 40 years. The increase in inflation was driven by rising prices for food, energy, and housing. The Federal Reserve is expected to raise interest rates in an effort to cool inflation.
These are just a few of the top business news headlines for today. To stay up-to-date on the latest business news, you can follow news websites, read business magazines, or listen to business podcasts.