Business

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.

Latest Posts

Donegal Group reports Q4 earnings of $24 million

Donegal Group Inc. (DGICA) reported fourth-quarter earnings of $24 million, or 70 cents per share. Adjusted earnings were 69 cents per share.

ESAB Q4 Earnings Top Estimates

Esab Corp (ESAB) reported Q4 EPS of $1.28, exceeding Wall Street expectations of $1.15. Revenue of $670.8 million fell short of estimates, with adjusted revenue of $633.2 million missing forecasts. For the year, the company reported EPS of $4.31 on revenue of $2.59 billion. Esab projects FY23 EPS in the range of $5.10 to $5.25.

Waabi Raises $280M to Develop Self-Driving Trucks

Waabi, founded by Raquel Urtasun in 2021, has raised $280 million in funding to advance its AI-powered self-driving technology. Backed by investors like Nvidia and Uber, Waabi aims to revolutionize the transportation industry.

Mercedes Carmaking Margin to Drop as Competition Bites

Mercedes-Benz expects its carmaking margin to drop to as low as 6% this year due to competition and uneven demand. The company plans to reduce production costs by 10% and work with suppliers to lower material expenses. Despite shifting upmarket, weak demand for top-end models in China has weighed on the strategy.

Rough Gas Storage: Expansion Could Have Saved Households £5bn in Energy Crisis

Centrica claims UK energy bills rose £200 due to lack of gas storage capacity; Rough facility could save £5bn if expanded, says CEO, but £2bn investment needs "cap and floor" mechanism.

Walmart Forecasts Modest Sales Growth, Below Wall Street Estimates

Walmart forecasts sales growth below estimates, signaling inflation-weary consumers may pull back.

Carvana Q4 Earnings Beat, But Shares Fall

Carvana beats revenue and profit estimates for Q4, posting record sales and adjusted EBITDA. Despite the strong results, shares fell over 8% in pre-market trading amid ongoing concerns about inventory and rising interest rates.

Campari to Cut Jobs, Restructure to Restore Profitability

Italian spirits group Davide Campari plans restructuring to regain financial health, considering workforce reduction by 10%.

Ant's Profit Boosted by Investment Gain, Spurs Alibaba Earnings

Ant Group's Quarterly Profit Skyrockets With $618 Million Boost From Investment

Hasbro Forecast Misses Estimates, Unveils Cost-Saving Plan

Hasbro forecasts 2025 revenue below Wall Street estimates, citing subdued demand and impact of US tariffs on imports from China.