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Elon Musk sues OpenAI over conversion to for-profit entity; hearing set for Tuesday in Northern California federal court.
Published on: February 04, 2025, 06:04 PM UTC
Chipotle (CMG) Q4 Earnings Preview: Sales Growth to Slow, Earnings to Rise
Published on: February 04, 2025, 06:03 PM UTC
Fox to Enter Competitive Streaming Marketplace, Target Cord-Cutters
Published on: February 04, 2025, 06:02 PM UTC
US stocks rallied on Tuesday amid concerns over a possible trade war between the US and China, as investors assessed China's response to President Trump's latest round of tariffs. Job openings declined more than anticipated, indicating a potential cooling in the labor market. The Dow Jones Industrial Average gained 0.2%, the S&P 500 rose 0.7%, and the Nasdaq Composite jumped 1.2%. Alphabet's Google is facing an antitrust investigation in China.
Published on: February 04, 2025, 06:01 PM UTC
Archer-Daniels-Midland Co., battered by a downturn in profits, is looking at selling off assets and cutting jobs as part of a cost-cutting plan to save up to $750 million.
Published on: February 04, 2025, 06:01 PM UTC
Spotify shares surge after company posts first full-year profit, beats revenue expectations, and reports strong subscriber gains.
Published on: February 04, 2025, 05:03 PM UTC
Pfizer's Q4 2024 earnings beat expectations, with revenue up 7% YoY to $63.6B and EPS of $3.12 exceeding estimates. The company is downsizing to offset waning COVID-19 product revenue, targeting $4.5B in savings by 2025. Despite headwinds such as patent expirations and Medicare price negotiations, Pfizer aims to enhance shareholder value through R&D productivity and strategic priorities.
Published on: February 04, 2025, 05:03 PM UTC
US job openings fell to 7.6 million in December, the lowest level since September, as investors monitor signs of labor market cooling.
Published on: February 04, 2025, 05:02 PM UTC
The Federal Reserve terminated two enforcement actions against Wells Fargo but maintained the asset cap imposed in 2018. CEO Scharf acknowledges the progress, indicating a shift towards improved compliance and regulatory adherence at Wells Fargo.
Published on: February 04, 2025, 05:00 PM UTC
Implementing a top-tier forwarder TMS can significantly enhance any freight forwarder’s logistics operations. Choosing a scalable TMS that can meet the specific needs of each client is crucial, and Descartes provides the customer support to ensure TMS users always have the training and solutions they need.
Published on: February 04, 2025, 05:00 PM UTC