Business

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…

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.Chris Helgren | ReutersPinterest shares plummeted in extended trading on Thursday after the company…

The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021.NYSERoblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and…

A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesPayPal reported better-than-expected fourth-quarter results Wednesday, but issued guidance that was a bit…

LOS ANGELES — The Walt Disney Company reported better-than-expected fiscal first-quarter earnings on Wednesday as the media giant slashed costs while revenue stagnated. Disney said it is on pace to meet or exceed its goal of cutting costs…

Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023.Sydney BoyoArm reported fiscal third-quarter earnings that beat estimates and gave a strong…

KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada.Artur Widak | Nurphoto | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that missed analysts'…

Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California.Justin Sullivan | Getty ImagesUber reported fourth-quarter results Wednesday that beat analysts' estimates on…

The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021.NYSERoblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and…

CVS Health on Wednesday reported fourth-quarter revenue and adjusted earnings that topped expectations, but the company cut its full-year profit outlook, citing higher medical costs that are dogging the broader insurance industry.The…

Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023.Costfoto | Nurphoto | Getty ImagesShares of Alibaba jumped in premarket trade, as the company missed market expectations for revenue in the December quarter,…

Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022.Wolfgang Rattay | ReutersSiemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian…