Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, on Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta is expanding its effort to identify images doctored by artificial intelligence as it seeks to weed out misinformation and deepfakes ahead of upcoming elections […]
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Eli Lilly results blow past estimates on strong Zepbound launch, surging Mounjaro revenue
Eli Lilly logo is shown on one of the company’s offices in San Diego, California, U.S., September 17, 2020. Mike Blake | Reuters Eli Lilly on Tuesday reported fourth-quarter revenue and adjusted earnings that topped expectations on the strong launch of its new weight loss drug, Zepbound, and higher prices for […]
World’s biggest chipmaker TSMC to open second Japan factory with backing from Sony, Toyota
Jakub Porzycki | Nurphoto | Getty Images TSMC on Tuesday said it will open a second manufacturing plant in Japan with backing from technology giant Sony and automaker Toyota. Japan Advanced Semiconductor Manufacturing, Inc. (JASM), the manufacturing operation majority-owned by TSMC, will begin building the new factory this year and […]
BP shares rise 5% after British oil giant announces plans to boost shareholder returns
BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images Shares of BP rose 5% on Tuesday after the oil giant accelerated the pace of its buybacks and increased its dividend, despite a drop in annual […]
BP shares rise 6% after British oil giant announces plans to boost shareholder returns
BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images Shares of BP rose 6% on Tuesday after the oil giant accelerated the pace of its buybacks and increased its dividend, despite a drop in annual […]
UBS beats earnings expectations, announces up to $1 billion share buyback
Fabrice Coffrini | Afp | Getty Images Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 billion in the second half of the year. The group posted a net loss attributable to shareholders of $279 million […]
Nintendo hikes sales forecast of flagship Switch console to 15.5 million units
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 Images Nintendo said it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a […]
Warnings, liquidity boost and proverbs — China’s tools for propping up its stock market
Investors pay attention to the stock market at a securities business hall in Fuyang city, East China’s Anhui province, Dec 29, 2023. CFOTO | Future Publishing | Getty Images Chinese financial authorities have been striving to prop up the country’s stocks through various measures, including steps aimed at increasing the […]
Gen Z, millennials want to invest — but many aren’t, CNBC/Generation Lab survey finds. Here are the issues
Rockaa | E+ | Getty Images Despite earning more, many Gen Z adults and millennials are having a hard time finding room in their budgets to invest. To that point, 63% of young adults believe the stock market is a great place to build wealth and invest, but many are […]
Bankrupt trucker Yellow repays $700 million Covid loan, Teamsters blast ‘failed executives’
Trucks and trailers sit in a Yellow Corp. facility lot, closed after the freight trucking company ceased all operations, in Las Vegas, Nevada, on July 31, 2023. Patrick T. Fallon | AFP | Getty Images The bankrupt trucking company Yellow has fully repaid a controversial $700 million Covid loan to […]