Author: Victor Blackwell

Nissan Motor CEO Makoto Uchida attends a press conference on February 13, 2025, in Yokohama, Japan.Tomohiro Ohsumi | Getty Images News | Getty ImagesNissan CEO Makoto Uchida will step down from his position on April 1, the company said in a release Tuesday.He will be replaced by current Chief Planning Officer Ivan Espinosa. He will be Nissan’s fourth CEO in eight years. The leadership shakeup comes less than a month after Nissan and Honda terminated merger talks.The potential $60-billion deal — which would have created the world’s third-largest auto company by sales volume — fell apart amid accusations of “pride and denial” at…

An Iranian missile system is displayed next to a banner with a picture of Iran’s Supreme Leader Ayatollah Ali Khamenei and the late Lebanon’s Hezbollah leader Hassan Nasrallah, in a street in Tehran, Iran, October 2, 2024. Majid Asgaripour | Via ReutersIran’s fortunes may look entirely different over the course of President Donald Trump’s second term — whether for Tehran’s good or very ill.In surprising moves, Trump has now several times expressed his desire to make a deal with Iran — most recently by way of a letter to Iranian Supreme Leader Ayatollah Ali Khamenei last week, asking that the two…

The new Volkswagen ID. EVERY1 is displayed during the presentation during the presentation of the Volkswagen ID. EVERY1 on March 5, 2025 in Dusseldorf, Germany.Andreas Rentz | Getty ImagesGerman autos giant Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing increasing costs and “extraordinary expenses” associated with its restructuring strategy.It posted a revenue of 324.7 billion euros ($352.8 billion) in full-year 2024, up from 322.3 billion euros last year. The automaker said it expects sales revenue to exceed the previous year’s figure by up to 5% in 2025. It also forecasts that its operating margin, which…

Campaign posters hang outside of the polling station ahead of tomorrow’s general election on March 10, 2025 in Ilulissat, Greenland. Greenland will hold a general election on March 11 to elect the 31 members of its parliament, the Inatsisartut. Joe Raedle | Getty Images News | Getty ImagesGreenlanders are heading to the polls on Tuesday in a pivotal parliamentary election shaped by the perennial debate over independence from overseer Denmark — and by U.S. President Donald Trump’s ambitions to get hold of the island “one way or the other.”The majority of the Arctic island’s six main political parties support independence, and the…

European stock markets closed lower on Tuesday, sharply extending losses as trade tensions between the U.S. and Canada escalated.After a negative start to the week for global equities as U.S. growth fears weighed, the pan-European Stoxx 600 ended Tuesday down by another 1.7%.Milan-listed shares of Jeep and Dodge owner Stellantis fell 5%, with the Stoxx Autos index down 2.13%, after U.S. President Donald Trump threatened to hike tariffs on cars coming into the U.S. from Canada. Stellantis has several production facilities in Canada.Stellantis and other automakers which sell to the U.S. and have major production operations in the countries targeted…

A man looks at an electronic board displaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024.Kazuhiro Nogi | Afp | Getty ImagesAsia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s largest economy.Japan’s Nikkei 225 ended the day 0.64% lower at 36,793.11, paring steeper losses earlier in the session. The broader Topix index, meanwhile fell 1.11% to 2,670.72.Significant losses in the Nikkei 225 were seen in imaging and network technology operator Konica Minolta, which was down 6.98% and…

Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025Danielle DeVries | CNBCThe S&P 500 slid in a head-spinning session for traders as they grappled with new tariffs proposed by President Donald Trump that were in flux throughout most of Tuesday. The trade policy uncertainty has brought the benchmark to the brink of a correction, which is defined as a decline of 10% from its high.The S&P 500 ended the session 0.76% lower, falling to 5,572.07. At its low of Tuesday’s session, the index was 10% below its record close. The Dow Jones Industrial Average lost…

DOGE chief Elon Musk said Monday that he is running his businesses “with great difficulty,” as shares of his automotive firm Tesla suffered their worst drop in a half-decade, and as his social media company X experienced several outages.Musk also said during an interview on Fox Business that he expected to remain in the Trump administration for another year.Tesla’s stock has fallen every week since Musk joined the Trump administration as head of the Department of Government Efficiency, which is engaged in a broad, controversial effort to reduce federal government spending and employee headcount.The electric vehicle company has lost more…

Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines slashed its first-quarter revenue and profit outlooks, citing weaker domestic demand, backing up growing concerns about lackluster sales in some corners of the travel industry.Delta expects revenue in the quarter ending March 31 to rise no more than 5% from last year, down from a forecast in January of 6% to 8% growth. It slashed its adjusted earnings forecast to 30 cents to 50 cents per share from a previous guidance of 70 cents to $1…

Tesla’s sell-off on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020.On Friday, Tesla wrapped up a seventh straight week of losses, its longest losing streak since debuting on the Nasdaq in 2010. The stock has fallen every week since CEO Elon Musk went to Washington, D.C., to take on a major role in the second Trump White House.Since peaking at $479.86 on Dec. 17, Tesla shares have lost more than 50% of their value, wiping out upward of $800 billion in market cap. Monday marked…