Business

Franco-Italian chipmaker STMicroelectronics plans to cut its workforce by 6% through early retirements and attrition amid a prolonged demand slump in the industrial and auto sectors.

Published on: January 31, 2025, 01:04 PM UTC

Charter (CHTR) reported in-line Q4 revenue and surpassed EPS estimates, driven by solid demand for internet and cable services. Despite subscriber losses, the company's financial performance remained stable. However, analysts anticipate flat revenue growth over the next year. Charter's free cash flow profitability has been weak, but its latest quarter showed a steady margin. Overall, the Q4 results were mixed, warranting further analysis before making investment decisions.

Published on: January 31, 2025, 01:04 PM UTC

Colgate-Palmolive (CL) missed Q4 revenue estimates but exceeded non-GAAP EPS estimates. Despite flat year-on-year sales, the company's organic revenue rose 4.3%, and sales volumes increased by 2.5%. Analysts remain cautious with flat revenue growth projections for the next 12 months. Explore our full research report for insights into Colgate-Palmolive's valuation and business prospects.

Published on: January 31, 2025, 01:04 PM UTC

AbbVie forecasts strong profit growth in 2025, driven by the growth of Skyrizi and Rinvoq to offset the decline of Humira. The company expects to generate more than $31 billion from Skyrizi and Rinvoq by 2027.

Published on: January 31, 2025, 01:03 PM UTC

US stocks surged on Thursday afternoon as investors digested earnings from major tech companies and anticipated Apple (AAPL) results for insights into the prospects of the tech industry.

Published on: January 31, 2025, 01:02 PM UTC

Apple's Q1 Earnings Beat Estimates, but iPhone Revenue Misses, Greater China Sales Disappoint

Published on: January 31, 2025, 01:02 PM UTC

Tesla promises "robotaxis" by this summer, while investors question Elon Musk's optimism about autonomous vehicles, despite years of false promises. Tesla's Q4 earnings reveal challenges, but Musk boasts of an "epic 2026" with FSD-enabled EVs and Cybercabs. Experts discuss regulatory hurdles, competition, and the potential impact of Musk's political connections.

Published on: January 31, 2025, 01:01 PM UTC

Tariffs on imports from Canada and Mexico could raise prices on cars, gasoline, and groceries, including avocados for Super Bowl guacamole.

Published on: January 31, 2025, 01:00 PM UTC

LyondellBasell reports $603 million loss in Q4 due to weak demand in Europe and Asia, despite beating analyst estimates.

Published on: January 31, 2025, 01:00 PM UTC

Commerzbank reports a 20% increase in net profit to a record €2.68 billion in 2024, surpassing analyst expectations, amidst takeover interest from UniCredit.

Published on: January 31, 2025, 01:00 PM UTC