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...

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...

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...

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...

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...

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...

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 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...

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...

According to individuals familiar with the situation, Walt Disney will start a second round of layoffs on Monday that would affect thousands of employment as part of an effort to cut 7,000 jobs and save $5.5 billion in expenses.   According to Disney officials, the firm will eliminate...

When they report first-quarter profits this week, Detroit automakers General Motors Co. and Ford Motor Co. will aim to reassure Wall Street that they won't get caught up in a price war with Tesla Inc.   Investors are still unconvinced as of now. GM stock is selling near its 2010 IPO price of...