Business

Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024.Fabrice Coffrini | Afp | Getty ImagesInsurance giant Swiss Re on Friday reported a sharp upswing in…

In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesShares of cryptocurrency exchange Coinbase soared 12% Friday at 10:05 London time in U.S.…

Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCShares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue.Here's what analysts were…

In this photo illustration the DraftKings logo seen displayed on a smartphone.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesDraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom…

A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Brendan Mcdermid | ReutersToast, maker of restaurant management software, said on…

Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in…

Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years.Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36…

(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto giant Stellantis on…

Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously.Paris-listed shares were 6.9%…

Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galica | CNBCCisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs.…

A Miller Lite and a Coors Light is displayed in Chicago on Oct. 9, 2007.Scott Olson | Getty ImagesBrewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead.The company, which makes Coors Light…

Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023.Thiago Prudencio | Lightrocket | Getty ImagesSony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of…

Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain's official departure from the European Union in London, United Kingdom on January 31, 2024.Future Publishing | Getty ImagesLONDON —…

A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022.Dado Ruvic | ReutersInstacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, as part of a…

Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020.Mario Tama | Getty ImagesLyft shares initially soared in extended trading on Tuesday but pulled way back after the company's…

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Tuesday, Dec. 12, 2023. Dustin Chambers | Bloomberg | Getty ImagesAirbnb reported better-than-expected…

Spirit Airlines' CEO said Thursday the domestic market is improving and defended the budget airline's ability to generate cash even without an acquisition by JetBlue Airways, which a federal judge blocked earlier this year.Spirit expects to…

Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo on Friday reported mixed quarterly results as North American demand for its food and drinks…

A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International reported quarterly earnings and revenue…

Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday.The consumer price index, a broad-based measure of the prices shoppers face for goods and services…

A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCel on November 18, 2021 in London, England.John Keeble | Getty ImagesToy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a…

Biogen on Tuesday reported fourth-quarter revenue and profit that shrank from a year ago, as it recorded charges related to dropping its controversial Alzheimer's drug Aduhelm and as sales slumped in its multiple sclerosis therapies, the…

Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.Justin Sullivan | Getty ImagesCoca-Cola is expected to report its fourth-quarter earnings before the bell Tuesday.Here's what Wall Street analysts surveyed by…

Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain.Clara Margais | Getty ImagesGerman travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying…

DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows over its ongoing property crisis, a top banking CEO said while onstage at Dubai's World Governments…

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesThe head of the International Monetary Fund warned…

Federal Chancellor Olaf Scholz (SPD, r-l), Robert Habeck (Alliance 90/The Greens), Federal Minister for Economic Affairs and Climate Protection, and Christian Lindner (FDP), Federal Minister of Finance, follow the debate at the start of the…

The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday.Revisions to the consumer price index showed that the broad basket of…

Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022.Future Publishing | Future Publishing | Getty…

Matthew Prince, co-founder and chief executive officer of Cloudflare Inc., during the Fortune Brainstorm AI conference in San Francisco, California, US, on Monday, Dec. 11, 2023. The conference gathers leaders in machine learning and…