Business

Salesforce cuts over 1,000 jobs while hiring for AI products. Displaced workers can apply for other internal roles. Divisions affected by layoffs are unknown. Salesforce had 72,682 employees as of January 2024. CEO Marc Benioff previously announced closing deals for "Agentforce," a platform creating AI-powered virtual representatives. Quarterly earnings will be reported on February 26.

Published on: February 04, 2025, 01:01 AM UTC

Executives increasingly field questions about DeepSeek's impact on their business. Despite market disruption, the early outlook is generally optimistic about generative AI's potential for new applications and business models.

Published on: February 04, 2025, 01:01 AM UTC

Japanese automaker Toyota Motor is expected to announce its second quarterly profit drop when it reports third-quarter earnings on Wednesday, as sales growth slows after a surge in hybrid vehicle demand. Despite this, Toyota is still expected to report over $9 billion in quarterly operating profit thanks to a shift towards higher-margin hybrids from traditional gasoline vehicles in the US. Analysts predict a 16% year-over-year decline in operating profit to 1.419 trillion yen ($9.1 billion) for the October-December quarter, as Toyota faces increased competition from Chinese brands and a slight slowdown in sales and output volumes.

Published on: February 04, 2025, 01:00 AM UTC

President Trump's tariffs may cause short-term pain, but economists warn of long-term economic damage. Meanwhile, the national debt remains a pressing issue that requires difficult choices, but Trump has yet to offer a serious plan to address it.

Published on: February 04, 2025, 12:01 AM UTC

Auto stocks fall as Trump's tariffs hit global markets. Toyota, Nissan, and Mazda face major risk due to factories in Mexico. Tariffs could cost carmakers $33 billion a year.

Published on: February 04, 2025, 12:00 AM UTC

Central bank chiefs should reconsider interest rate setting to prevent future inflation spikes, says Bank for International Settlements

Published on: February 04, 2025, 12:00 AM UTC

Capital Southwest Corp. (CSWC) reports Q3 net income of $16.3 million, surpassing analyst estimates with adjusted EPS of 63 cents and revenue of $52 million.

Published on: February 03, 2025, 11:07 PM UTC

Clorox beats estimates with Q2 earnings of $1.54 per share, revenue of $1.69 billion; raises full-year earnings outlook to $6.95-$7.35 per share.

Published on: February 03, 2025, 11:06 PM UTC

Everest Group, Ltd. reported a $593 million loss in its fourth quarter, missing Wall Street expectations. However, the reinsurance company's revenue of $4.64 billion topped Street forecasts. For the year, the company reported profit of $1.37 billion, or $31.78 per share.

Published on: February 03, 2025, 11:06 PM UTC

United States Lime & Minerals Inc. (USLM) reports a Q4 profit of $27 million ($0.94 EPS) on revenue of $80.1 million. For the year, USLM reports profit of $108.8 million ($3.79 EPS) on revenue of $317.7 million.

Published on: February 03, 2025, 11:06 PM UTC