Bloomberg Business

Elon Musk said Twitter Inc. was on course for $3 billion of negative cash flow before he stepped in to stem losses by dismissing more than half the company’s staff.

Argentina’s government defended its security strategy and criticized local football officials after a parade to celebrate the World Cup victory on Tuesday ended with players including Lionel Messi being evacuated by helicopter.

The World Trade Organization said the US violated international trade rules when it required Hong Kong’s products to be labeled as “Made in China,” according to a ruling Wednesday.

US consumer confidence rose by more than forecast to the highest since April as inflation eased and gasoline prices dropped.

France is bracing for another Christmas of travel disruption after the state-owned railway operator SNCF was forced to cancel one in three TGV high-speed trains because of strikes.

The Russian exodus triggered by Vladimir Putin’s invasion of Ukraine has put the currencies of former Soviet republics at the top of global rankings this year.

The city council voted unanimously to eliminate fares on all buses within city limits.

A year ago, Tesla Inc. seemed unbeatable, with its shares near a record high amid soaring optimism for the global electric-vehicle market. Now investors are struggling to see a bottom.

Ukrainian President Volodymyr Zelenskiy headed to Washington on his first trip abroad since Russia’s February invasion to reinforce international support as Moscow vowed to spend as much as it takes to win the war.