Peloton managed to turn a gross profit off of its pricey connected fitness products for a second quarter in a row, but the company said Thursday it expects more challenges ahead after it failed to reach a number of goals CEO Barry McCarthy outlined a year ago. The retailer delivered […]
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Tesla upgrades Model Y in China as BYD competition heats up
A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023. Brandon Bell | Getty Images Tesla upgraded the self-driving hardware on the Model Y car it sells in China, Elon Musk’s automaker said on WeChat on Thursday, as it looks to boost […]
Merck results beat expectations as top drugs Keytruda, Gardasil post strong sales
The logo for Merck & Co. is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Andrew Kelly | Reuters Merck on Thursday reported fourth-quarter revenue and adjusted earnings that topped estimates as it saw strong demand for […]
Euro zone inflation eases as expected, but core figures disappoint
Patrons at sidewalk tables of Janis bar in Cais do Sodre in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty Images Euro zone headline inflation eased slightly in January, flash figures published by the European Union’s statistics agency showed on Thursday, while core figures declined less than expected. Annual […]
Volvo shares jump 20% on higher sales, plans to stop Polestar funding
A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 20% Thursday after the Swedish […]
Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday beat expectations for full-year profit, announcing a 4% increase to its dividend and a $3.5 billion share buyback program. Shell reported adjusted earnings of $28.25 […]
Elon Musk says Tesla will hold a shareholder vote to incorporate in Texas after Delaware pay snub
SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview with Ben Shapiro at the symposium on fighting antisemitism on January 22, 2024 in Krakow, Poland. Omar Marques | Getty Images Elon Musk said late Wednesday that Tesla will hold a shareholder vote on whether […]
Biden, allied groups $140 million campaign war chest dwarfs Republican rivals
US President Joe Biden delivers remarks on the debt ceiling from the State Dining Room of the White House on October 4, 2021 in Washington, DC. Nicholas Kamm | AFP | Getty Images A coalition made up of President Joe Biden‘s reelection campaign, the Democratic National Committee, the president’s joint […]
Deutsche Bank smashes profit estimates and boosts shareholder returns
The reflection of a Deutsche Bank AG logo outside a bank branch in Berlin, Germany, on Monday, March 27, 2023. Krisztian Bocsi | Bloomberg | Getty Images Deutsche Bank on Thursday smashed fourth-quarter earnings expectations with a net profit of 1.3 billion euros ($1.4 billion), and announced a further 1.6 […]
U.S. companies say it’s harder to make money in China now than before the pandemic
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — More U.S. companies are finding it harder to make money in China than before the pandemic, raising concerns that businesses […]