The decades-long competition between Coca-Cola and PepsiCo is usually won by Coca-Cola.   The same was true this quarter.   Due to increased interest rates and investor worries about the potential side effects of weight loss medications like Wegovy, the stocks of the leading beverage...

Sony, the company that made the PlayStation 5, has announced that the supply chain issues that beset the device for three years have been fixed. The global chip shortage that started in 2020 had an effect on credit card companies as well as the auto industry.   A month-long wait for the PS5...

Exxon Mobil Corp. missed analysts' expectations for the second consecutive quarter and reported a substantially lower $9.1 billion third-quarter profit on Friday. The company's earnings was also 54% lower than a year earlier.   Although prices are still far below record levels from a year...

Amazon.com announced that new agreements have stabilised the growth of its cloud business, but cautioned that consumers are still cautious about purchasing as we approach the holiday quarter.   The company, which just released impressive third-quarter earnings supported by a recent marketing...

Microsoft exceeded Wall Street forecasts for its fiscal first-quarter performance across the board, with its PC and cloud computing divisions expanding as more customers look forward to utilising its artificial intelligence products.   Additionally, much of its forecast exceeded analyst...

Even while sales at rival Microsoft's cloud division surged, Alphabet, the parent company of Google, saw its cloud business grind to a halt for the first time in at least 11 quarters, sending the stock down 5.7% after hours.   The decline in Google's stock price, even though the company...

Elon Musk has announced that two new premium subscription tiers for the social media network X, formerly known as Twitter, will soon be available.   "One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads," Musk said on a post on X....

Analysts predict that as a result of U.S. efforts to restrict the sale of cutting-edge artificial intelligence (AI) processors to China, Huawei Technologies will have an opportunity to grow in its $7 billion home market if Nvidia is forced to back down.   With a market share of over 90%,...

Following a sharp decline in third-quarter profitability, Nokia announced on Thursday that it would eliminate up to 14,000 positions as part of a cost-cutting strategy.   The massive Finnish telecom company declared that in order to "address the challenging market environment," it will lower...

Netflix smashed expectations for new customers, sending its stock rising 13% as it raised membership fees for several streaming plans in the US, the UK, and France.   According to LSEG, Netflix added nearly 9 million new members globally in the third quarter, beyond the 6 million predicted...

According to the firms, Foxconn, the world's largest contract electronics manufacturer, will develop a new type of data centre employing Nvidia chips and software for a variety of applications including self-driving cars.   Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang shared a...