Sections

ideals

Business Essentials for Professionals



Companies

Palantir Shares Leaps On The 2023 Profit Prediction And Need For AI

With a gamble on "unlike anything we have seen" demand in its new artificial intelligence platform, Palantir Technologies announced that it anticipates making money every quarter in 2023. This news sent its shares up about 20% in extended trading.   The new generative AI platform, which uses...

Amazon Will Give Customers $10 To Pick Up Products In Order To Reduce Delivery Expenses

Amazon.com is giving customers $10 to pick up a product rather than have it mailed to a home address, as the e-commerce behemoth joins other retailers in slashing costs for home delivery and returns amid sluggish consumer demand.   Amazon has emailed an unknown number of Prime members in...

HSBC Foils Significant Investor's Plot To Break Up Bank

During a sometimes contentious annual general meeting, HSBC resisted an attempt by its largest shareholder to split up the firm.   Ping An, a Chinese insurer, has been attempting to divide the bank for more than a year.   It failed to get the support of any other large shareholder on...

Apple's Earnings Send Shares Soaring To A Nine-Month High

Apple's stock rose over 5% on Friday, reaching a nine-month high and on course for its greatest one-day rise since November, as the iPhone maker's quarterly earnings reassured investors concerned about a possible recession.   The jump in Apple shares boosted optimism on Wall Street, helping...

Following A Short Seller Report, Carl Icahn's Investment Empire Suffers A $6 Billion Loss In One Day

As a result of a negative report from short seller Hindenburg Research, shares of Carl Icahn's holding firm fell even further on Wednesday, causing the valuation decrease since the short seller attacked it to reach more than $6 billion.   Icahn Enterprises LP (IEP) was charged on Tuesday by...

Indian Airline Go First Declares Bankruptcy And Attributes It To Its Pratt & Whitney Engines

Cash-strapped Go First, an Indian airline, declared bankruptcy on Tuesday, blaming the grounding of about half of its fleet on "faulty" Pratt & Whitney engines.   The move emphasises the strong rivalry in a sector dominated by IndiGo and the recent merger of Air India and Vistara under...

According To NPR, Its Twitter Account Could Be Reassigned, Musk Has Warned

Elon Musk, the founder of Twitter, has "threatened" to transfer National Public Radio's Twitter account to a different business, the American broadcaster claimed on Tuesday.   NPR said that Musk said he would give another company or individual control of the network's primary account, which...

BlackBerry Will Reconsider Strategic Alternatives For Its Business

The Canadian technology giant BlackBerry announced on Monday that it will evaluate its strategic options, which could include the potential separation of one or more of its divisions.   The company's US-listed shares increased by close to 11% in after-bell trade.   Pager manufacturer...

IBM Will Halt Hiring And Utilise AI To Replace 7,800 Positions

CEO of International Business Machines Corp. (IBM) Arvind Krishna stated that the company anticipates pausing hiring for positions that it believes artificial intelligence could replace in the upcoming years.   CEO of International Business Machines Corp. Arvind Krishna stated that the...

Amazon's Warning About Its Cloud Business Frightens The Market

Investors are concerned that growth in the profitable cloud business of Amazon.com Inc. is slowing.   As a result of Amazon's cloud division showing its worst quarterly growth since the company started separating the unit's sales in 2015, shares dropped by about 4% on Friday.   If...

Exxon And Chevron Disagree Over How To Handle Increasing Cash Hoards

Exxon Mobil Corp. and Chevron Corp., the two biggest U.S. oil firms, are raking in cash from booming oil and gas operations, but they disagree on what to do next.   On Friday, the pair reported first-quarter earnings that far exceeded Wall Street expectations. Analysts anticipate that Exxon...

Google Parent Company Reports Slight Ad Sales Growth And Announces Stock Buybacks

As demand for cloud services increased and ad sales performed better than anticipated, Alphabet Inc. said on Tuesday that it would repurchase $70 billion worth of stock and reported first-quarter profit and revenue beyond projections.   Investors applauded the buyback plan, driving shares of...
1 ... « 71 72 73 74 75 76 77 » ... 266