Tag: storytelling

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PPL misses earnings forecasts, posts revenue beat in Q4

PPL Corp. (PPL) reported fourth-quarter net income of $177 million, missing Wall Street expectations, but revenue topped estimates.

Musk Withdraws Offer to Buy OpenAI if Non-Profit Drops Conversion Plan

Elon Musk threatens to scrap $97.4B bid for OpenAI if the company abandons its nonprofit status.

Egg Prices Are Soaring, but Grocers Are Keeping Them Low

Egg prices have reached a record high, driven by an avian flu outbreak. Despite this, grocery stores are keeping prices lower than wholesale costs, using eggs as loss leaders and loyalty rewards to attract customers and avoid empty shelves. However, with demand remaining strong and prices expected to increase further, the effectiveness of these strategies is uncertain.

Apple iPhones to Use Alibaba AI in China, Chairman Says

Alibaba provides AI technology for Apple iPhones in China, solidifying its position in the competitive domestic AI market.

Rupee Surge May Be Short-Lived as Traders See Weakness Ahead

Indian Rupee jumps, but analysts expect weakness due to easing monetary policy and rising global volatility.

Musk's Bid to Buy OpenAI Clashes with Lawsuit

Elon Musk's bid to buy OpenAI raises conflict with his lawsuit against their for-profit transition, as OpenAI argues in a letter to a federal court.

Quantum Posts Q3 Loss of $71.4 Million

Quantum Corp. reported a fiscal third-quarter loss of $71.4 million, with a loss of $14.56 per share. Adjusted losses were 81 cents per share. Revenue was $72.6 million. For the current quarter, the company expects a loss of $1.21 to $1.11 per share on revenue of $64 to $68 million.

Alibaba Shares Surge on News of AI Partnership with Apple

Alibaba shares soared in Hong Kong on news of an AI partnership with Apple, potentially signaling a turnaround for the e-commerce giant after a prolonged slump amid Beijing's tech crackdown.

Tesla's Pain Continues: Stock Down 33% Since December High, Musk's Fortune Plunges

Tesla stock is down 33% since hitting a record high in December 2024. Analysts say the drop is due to concerns about Tesla's sales in important overseas markets, the company's close proximity to Trump, and fresh tariffs from the Trump administration.

OPEC Sticks to Strong Oil Demand Growth Forecast for 2025

OPEC forecasts robust global oil demand growth of 1.45 million barrels per day in 2025, supported by air and road travel, despite uncertainty from US trade policy.