Inter IKEA, the global furniture giant and franchisor of IKEA, has reported increased profits for 2024, driven by strategic cost adjustments and global expansion, despite a decrease in revenue. The company’s profitability rose as a result of lowered interest payments and renewed consumer interest...

After a grueling seven-week strike, Boeing's West Coast factory workers have ratified a new contract that promises a substantial pay increase and other benefits, easing tensions at the aerospace giant. The union members, represented by the International Association of Machinists and Aerospace...

Warren Buffett's Berkshire Hathaway has taken a notably cautious approach in recent months, further reducing its stock holdings and amassing a record cash reserve of $325.2 billion. This move, highlighted in Berkshire’s latest financial report, is sparking questions about the legendary investor’s...

BNP Paribas reported a mixed earnings performance for the third quarter, highlighting significant challenges within its consumer finance and car-leasing segments while showcasing stronger-than-expected results in its investment banking division. Despite these discrepancies, the French bank, which...

Amid a turbulent year for global semiconductor manufacturers, Samsung Electronics has outlined a strategic shift toward high-end chip production to maintain its foothold in the competitive tech industry. With a substantial 40% dip in quarterly profits from its semiconductor division, Samsung is...

In its latest financial report, Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, announced mixed third-quarter earnings. The social media giant met Wall Street expectations, with third-quarter profits surpassing estimates, but it also issued a warning regarding a...

As the competition in artificial intelligence (AI) heats up, Microsoft is leading the charge with aggressive investments aimed at cementing its place in the tech landscape. However, recent earnings reveal a complex picture: while AI spending is boosting some revenue segments, data center...

GSK announced that it would face a decline in vaccine sales this year, following disappointing performances from its respiratory syncytial virus (RSV) and shingles vaccines in the third quarter. This news caused a significant drop in GSK's shares, which fell as much as 4.1%. The British...

Biogen has raised its annual profit forecast, driven by a combination of cost-cutting measures and promising sales from its newer treatments. The company’s third-quarter profits surpassed market expectations, and its shares rose by about 1% to $185.20 in premarket trading. This financial upswing...

ByteDance founder Zhang Yiming has made headlines by emerging as China’s richest person for the first time, according to the Hurun Research Institute’s latest report. With a personal fortune estimated at $49.3 billion, Zhang has dethroned Zhong Shanshan, the chairperson of Nongfu Spring, who held...

Pfizer's recent third-quarter performance, bolstered by COVID-related products like its vaccine and antiviral pill Paxlovid, showcased not only a revenue surge but also a wider vision beyond pandemic-era profits. Despite the steady demand for COVID treatments, Pfizer's strategic emphasis is...