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 Images Uber reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom lines. Shares fell more than 1% in premarket trading. Here’s how the company did: […]
CNBC News
Yum Brands disappoints as KFC, Taco Bell and Pizza Hut fall short of same-store sales expectations
KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales. Yum […]
Siemens Energy swings to profit on order surge, sale of Indian stake
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens 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 affiliate to parent company Siemens. […]
‘None of these candidates’ defeats Nikki Haley in Nevada Republican primary, NBC News projects
Republican presidential candidate, former U.N. Ambassador Nikki Haley speaks during a campaign rally at the Indigo Hall and Events venue on Feb. 5, 2024 in Spartanburg, South Carolina. Brandon Bell | Getty Images News | Getty Images Former U.N. ambassador Nikki Haley lost Nevada’s Republican presidential primary to “none of […]
Wheely, Uber’s luxury competitor, launches in Dubai to take on the UAE’s dominant player
The Dubai skyline. Umar Shariff Photography Wheely, a luxury-focused competitor to ride-hailing giant Uber, is launching in Dubai as the company looks to reembark on an international expansion effort that was quashed by Covid in 2020. The company, founded by Russian-Swiss entrepreneur Anton Chirkunov, told CNBC it will offer rides […]
Biden wins Nevada Democratic primary, NBC News projects
U.S. President Joe Biden holds a campaign rally ahead of the state’s Democratic presidential primary, in Las Vegas, Nevada, U.S. February 4, 2024. Kevin Lamarque | Reuters President Joe Biden has won Nevada’s Democratic primary, NBC News projects. The other Democrat on the ballot was self-help author and former 2020 […]
Google says Singapore has ‘very high’ potential to be a global AI hub
American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc. Alex Tai | SOPA Images | LightRocket | Getty Images SINGAPORE — Singapore has “very high” potential as a global AI hub — thanks in part to an environment […]
‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist Arthur Laffer
A mosaic collection of world currencies. FrankvandenBergh | E+ | Getty Images The world is looking at a debt crisis that will span the next 10 years and it’s not going to end well, economist Arthur Laffer has warned, with global borrowings hitting a record of $307.4 trillion last September. […]
Meta is trouncing Snap in Digital ads — here’s why
In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images The online ad market is bouncing back. But the spoils are not being evenly […]
Ford’s turnaround is back on track after the carmaker delivers a much-needed beat and raise
Ford Motor delivered an earnings beat Tuesday, along with a stronger-than-expected outlook as cost cuts and higher profits from its commercial car business are expected to more than offset the losses from electric vehicles. The cherry on top: Management announced a supplemental dividend of 18 cents per share. Automotive revenue […]