Companies & CEOs
Thyssenkrupp's subsidiary will shut down two steel mills until January - 12/12/2025
The electrical steel division of the German industrial group Thyssenkrupp will entirely close its facilities in Gelsenkirchen and Isbergues, France, from mid-December through the end of 2025, as announced by the division. Additionally, beginning in January, the Isbergues site will function at 50% of its full capacity for a minimum of four months. Thyssenkrupp Electrical Steel (TKES) stated this...
Trafigura reduces full-year net profit by 3% - 12/10/2025
Trafigura Group Pte Ltd, one of the world's largest commodity traders, reduced its net profit by 3% for the 2025 financial year, while deciding to increase its dividend by more than 40%. The company's net profit for the year ended September 30 was $2.67 billion, down from $2.76 billion a year earlier. Underlying EBITDA remained virtually unchanged for the year at $8.2 billion. Revenue fell to...
TotalEnergies receives US Share listing to replace ADRs - 12/09/2025
TotalEnergies, based in France, has begun trading on the New York Stock Exchange (NYSE), changing its American Depositary Receipts (ADRs). On October 30, 2025, the firm declared the discontinuation of its ADR program and their transformation into common shares at a 1:1 ratio. The company's CEO, Patrick Pouyanné, previously mentioned that the consideration of securing a US listing to replace...
IBM acquires data platform Confluent for $11 billion - 12/09/2025
International Business Machines Corp. (IBM), based in the US, is buying data management infrastructure company Confluent Inc. for $11 billion, which includes debt, according to Bloomberg. The agency states that this is among IBM's biggest agreements to date, indicating the firm's emphasis on corporate software required for operating real-time artificial intelligence technologies. IBM has reached...
Netflix to acquire Warner Bros. Discovery assets in $72 billion deal - 12/08/2025
Netflix Inc. has agreed to purchase the assets of Warner Bros. Discovery (WBD), which includes the Warner Bros. film studio, the HBO network, and the HBO Max streaming service. In a statement, Netflix announced that a final agreement has been reached. Under this deal, shareholders of WBD will receive $27.75 per share, with payment made in a combination of cash and Netflix stock. The total value...
Shares of Chinese AI chip maker Moore Threads soar sixfold after IPO - 12/08/2025
Moore Threads Technology Co., a leading Chinese AI chip manufacturer, successfully launched its initial public offering (IPO) in Shanghai, raising 8 billion yuan ($1.13 billion), making it the second-largest IPO on the mainland this year. The company's shares were listed at 114.28 yuan, and during its first day of trading, the stock surged over sixfold, reaching 688 yuan. Moore Threads, often...
Chevron plans capital expenditures of $18-19 billion for 2026 - 12/05/2025
Chevron Corp. announced that it intends to allocate $18-19 billion for capital expenditures in 2026, according to a statement from the company. This strategy aligns with the company's long-term capital expenditure projection of $18-21 billion through 2030. "Our investment plan for 2026 aims at the most lucrative prospects while adhering to discipline and enhancing efficiency, enabling us to...
TikTok to invest $38 billion in data center construction in Brazil - 12/04/2025
TikTok, a short-video app owned by China's ByteDance, is investing more than 200 billion reais, which is approximately $37.7 billion, to build a data center in Brazil. This will mark TikTok's first major project in Latin America. The data center is set to be located in the northeastern state of Ceará, according to the spokesperson for TikTok Brazil. The project, situated near the industrial port...
Michael Dell and his wife will donate $6.25 billion to Trump accounts for children - 12/03/2025
American business executive Michael Dell and his wife, Susan, plan to contribute $6.25 billion to the Invest America initiative, also referred to as "Trump accounts." This initiative aims to give every child in the United States their own investment account, as reported by Bloomberg. President Donald Trump had previously announced the Invest America initiative, which would automatically create a...
Petrobras cuts five-year investment program due to falling oil prices - 12/01/2025
Petrobras, the Brazilian government-owned oil, gas, and petrochemical firm, has lowered its intended capital spending for 2026-2030 by 2% to $109 billion, due to declining oil prices. The company's announcement states that $78 billion of these funds will be allocated for exploration and production, both in Brazil and internationally. Capital expenditures will be refined to around $20 billion,...
