Stay updated with the latest business news, market trends, expert insights, and industry updates to help you stay ahead in the competitive world of business.
Tech stocks led markets lower on Wednesday amid a mixed Fed decision and Nvidia's China sales woes.
Published on: January 30, 2025, 09:01 AM UTC
Deutsche Bank plans to cut management roles and headcount in the coming years after higher-than-expected costs marred its results in the final months of last year.
Published on: January 30, 2025, 09:01 AM UTC
Shell maintains share buyback pace despite profit drop and debt rise due to weaker trading amid lower oil prices.
Published on: January 30, 2025, 09:00 AM UTC
Sanofi to repurchase €5B, expects earnings to grow as it focuses on fast-growing drugs like its RSV shot.
Published on: January 30, 2025, 08:03 AM UTC
Meta shares initially fell after the company reported fourth-quarter earnings that beat expectations, but forecasted a slowdown in revenue growth for the current quarter and said expenses in 2025 would grow faster than last year.
Published on: January 30, 2025, 08:02 AM UTC
Tesla (TSLA) stock rose 4% in extended trading after Q4 results showed a 2% revenue increase and a 3% rise in adjusted net income. Tesla expects auto business growth in 2025, plans new vehicle production, and anticipates volume growth due to advancements in vehicle autonomy and new product launches.
Published on: January 30, 2025, 08:01 AM UTC
Meta's Reality Labs division continues to rack up losses, totaling over $60 billion since 2020. Despite Zuckerberg's confidence in the metaverse, analysts question its profitability. The division reported a $5 billion loss in Q4, with revenue rising slightly due to hardware sales. Expenses jumped 5% year over year, leading to concerns about the high cost of hardware and the lack of a clear path to profitability.
Published on: January 30, 2025, 08:01 AM UTC
Rakuten scraps IPO plans for securities arm, to focus on partnership with Mizuho Securities.
Published on: January 30, 2025, 08:01 AM UTC
UK luxury brand Mulberry unveiled a plan to return to profitability by focusing on the UK, accelerating growth in the US, and aligning operations in Asia.
Published on: January 30, 2025, 08:00 AM UTC
Molson Coors buys 8.5% stake in Fevertree Drinks for $88.3 million. Fevertree, a British company known for its cocktail mixers and other lightly flavored sodas, will return the proceeds to shareholders via a share buyback program.
Published on: January 30, 2025, 08:00 AM UTC