Lewis Hamilton of Great Britain and Mercedes looks on at the Mercedes GP Team Photo during previews ahead of the F1 Grand Prix of Abu Dhabi at Yas Marina Circuit on November 23, 2023 in Abu Dhabi, United Arab Emirates. Clive Rose | Getty Images Sport | Getty Images Former […]
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Chevron earnings fall but shareholders see record windfall in 2023, company raises dividend 8%
A Chevron gas station sign is shown on October 23, 2023 in Austin, Texas. Brandon Bell | Getty Images Chevron said its fourth-quarter profits fell sharply from a year ago, weighed down by a number of impairment charges, but the second largest U.S. oil company still to managed to return […]
Meta shares surge 17% in premarket trade as investors cheer first-ever dividend
Sopa Images | Lightrocket | Getty Images Shares of Facebook parent company Meta surged Friday, after the firm reported a threefold jump in fourth-quarter profit and issued its first-ever dividend. As of around 6 a.m. ET, the stock price of Meta was up roughly 17% in U.S. premarket trading. Revenue […]
Bristol Myers Squibb results top estimates as new drugs post strong sales growth
Dado Ruvic | Reuters Bristol Myers Squibb reported quarterly earnings and revenue that topped expectations on Friday as its portfolio of new drugs posted strong sales growth. Here’s what the company reported for the fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by […]
IMF expects new housing demand in China to drop by around 50% in the next decade
Pictured here is a real estate project under construction in Huai’an, China, on Jan. 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the […]
AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
SHANGHAI, CHINA – JULY 28, 2023 – Photo taken on July 28, 2023 shows the AMD logo at the 2023 ChinaJoy in Shanghai, China. CFOTO | Future Publishing | Getty Images U.S. chip giant Advanced Micro Devices is betting on AI PCs to take on rivals including Nvidia and Intel […]
Russian war critic poses an awkward challenge for Putin and the Kremlin as the election nears
Boris Nadezhdin, the Civic Initiative Party presidential hopeful, arrives at the Central Election Commission to submit signatures collected in support of his candidacy, in Moscow on January 31, 2024. Vera Savina | Afp | Getty Images Over President Vladimir Putin‘s 24 years in power, a systemic opposition has been wiped […]
Japan’s Aozora Bank hits near 3-year lows as bad U.S. property loans prompt loss forecast
The Aozora Bank Ltd. headquarters in Tokyo Japan, on Thursday, Feb. 1, 2024. Japan’s Aozora Bank became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concern over global banks’ exposure to souring […]
The two key updates in Apple’s earnings that sellers of the stock are overlooking
Club name Apple (AAPL) on Thursday delivered an earnings beat for the December quarter. But shares of the consumer tech giant fell in the after market, thanks to a bit of top-line weakness in its services business and what appears to be a miss on guidance. Those sellers are overlooking […]
Mark Zuckerberg says Meta will ‘keep things lean,’ going big in AI with a lid on hiring
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Mark Zuckerberg is so pleased with his “year of efficiency” that he’s extending it indefinitely. On Thursday’s earnings call, after […]