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Browsing Category
Business
Fox subscription streaming service planned for this year
FILE PHOTO: A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York.Shannon Stapleton | ReutersFox Corp. is finally getting into the direct-to-consumer streaming game.The…
Merck (MRK) earnings Q4 2024
Sopa Images | Lightrocket | Getty ImagesMerck on Tuesday issued full-year 2025 revenue guidance that fell short of Wall Street's expectations, as the company temporarily paused shipments of a key vaccine into China. Shares of Merck fell…
Pfizer (PFE) earnings Q4 2024
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | ReutersPfizer on Tuesday reported fourth-quarter earnings and revenue that…
PepsiCo (PEP) Q4 2024 earnings
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.Michael M. Santiago | Getty ImagesPepsiCo reported mixed quarterly results on Tuesday as demand…
Nintendo Switch 2 in focus as gaming giant posts profit miss
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Tuesday reported weaker-than-expected top and bottom…
UBS earnings Q4 2024
Fabrice Coffrini | Afp | Getty ImagesSwiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, launching a $1 billion share buyback program in the first half of 2025.The net profit figure compares with a mean…
China to levy additional tariffs of up to 15% on select U.S. imports starting Feb. 10
Jakub Porzycki | Nurphoto | Getty ImagesChina's finance ministry said Tuesday it will impose additional tariffs of 15% on coal and liquified natural gas imports from the U.S. and 10% higher duties on crude oil, farm equipment and certain…
Palantir (PLTR) Q4 earnings 2024
Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024. David Paul Morris | Bloomberg | Getty…
In a switch, Trump approves Fed’s decision to hold interest rates steady
U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., Jan. 31, 2025. Carlos Barria | ReutersPresident Donald Trump agreed with the Federal Reserve for its decision…
As markets buckle up for Trump tariffs, these global sectors brace for a rough ride
U.S. President Donald Trump this weekend announced hefty tariffs on his country's three biggest trading partners, leaving investors scrambling to position themselves for a global trade war.Canada and Mexico face 25% duties on their exports…
Euro zone inflation, January 2025
A person buys products at a Mercadona store in Lisbon, Portugal, on January 25, 2025.Luis Boza | Nurphoto | Getty ImagesThe euro zone inflation accelerated to a hotter-than-expected 2.5% in January on an annual basis, flash data from…
Fintech GoCardless halves loss, targets full-year profit by 2026
Hiroki Takeuchi, co-founder and CEO of GoCardless.Zed Jameson | Bloomberg | Getty ImagesFinancial technology unicorn GoCardless more than halved losses in 2024 and said it's aiming to reach full-year profitability by 2026.The London-based…
Why more retirement-age Americans keep working
When it came time for Diane Wetherington to consider retirement, reality quickly set in.The 72-year-old debated devoting her time to crafting and doting over her grandkids and even gave full-time retirement a try. But she soon realized her…
Eaton reports mixed results but makes clear its AI data center business is still full steam ahead
Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn't slowing down despite the emergence of Chinese startup…
DeepSeek shocked AI world this week. Here’s how tech CEOs responded
Microsoft CEO Satya Nadella commented on its "real innovations." OpenAI's Sam Altman described it as "clearly a great model." Apple CEO Tim Cook said "innovation that drives efficiency is a good thing." And Palantir's Alex Karp said it…
UPS shares tank after weak guidance, plan to slash Amazon deliveries
Amazon Prime and UPS trucks are seen in Washington, D.C., on July 12, 2024.Jakub Porzycki | Nurphoto | Getty ImagesShares of United Parcel Service closed down 14% Thursday after the company issued weak revenue guidance for the year and said…
German inflation, January 2025
Customers waiting at the checkout in a supermarket.Markus Scholz | Picture Alliance | Getty ImagesGerman inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country's statistics office Destatis showed Friday…
Commerzbank touts record profit, launches buyback as it wards off UniCredit
A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a…
PCE inflation December 2024:
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois.Scott Olson | Getty Images News | Getty ImagesInflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above…
Atlassian pops 20% on better-than-expected earnings, revenue outlook
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Mike Cannon-Brookes co-founded software giant Atlassian. Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 20% in premarket…
Apple proves naysayers wrong once again. Lots to like from Q1 and outlook
Apple defied the doom and gloom that had been building for weeks. Shares rose roughly 3% Thursday evening after the tech giant reported a slightly better-than-expected quarter. More importantly, guidance for revenue growth in the March…
Samsung flags chip slowdown as profit drops sharply from previous quarter
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Friday reported that its operating profit dropped sharply from the previous three…
Novartis (NOVN) earnings Q4, full-year FY24
An office building designed by Frank O. Gehry at the Novartis AG headquarters campus in Basel, Switzerland.Bloomberg | Getty ImagesSwiss pharmaceutical giant Novartis on Friday reported better-than-expected sales in the fourth quarter, but…
Eaton finds its footing ahead of earnings after DeepSeek fears shook the stock
Eaton investors worried that DeepSeek may torpedo the AI data center trade breathed a little easier Thursday, one day before the U.S. industrial company reports quarterly earnings. Shares of power management provider Eaton have stabilized…
Apple’s gross margin hits record as services business keeps growing
Omar Marques | Lightrocket | Getty ImagesApple is struggling to squeeze growth out of its flagship iPhone unit, but its profit margin keeps going up thanks to a flourishing services business.In its fiscal first-quarter earnings report on…
Intel (INTC) Q4 earnings report 2024
Michelle Johnston Holthaus, Intel's co-CEO and then executive vice president and general manager of the company's Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on…
Dover delivers a rosy profit outlook. Here’s our new price target on the industrial stock with…
Shares of Club name Dover jumped Thursday, as a strong profitability outlook for the year ahead outshined some blemishes in the industrial conglomerate's fourth-quarter results. The report solidified Dover's place in our portfolio. Revenue…
Microsoft stock slumps 5% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft shares dropped about 5% after issuing weak current-quarter guidance after…
Comcast shifts strategy to mobile as broadband disappoints
Igor Golovniov | Lightrocket | Getty ImagesCable giant Comcast is looking to the wireless business for growth.Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000…
GDP grew at a 2.3% pace in the fourth quarter, less than expected
A worker sorts products during Cyber Monday at the Amazon's fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2023. Mike Segar | ReutersU.S. economic growth slowed a bit more than expected in the final three months of 2024,…