The U.S. economic growth outpaced the expectations, ending 2021 at a higher note on the back of increase in inventories and consumer spending. Gross domestic product, the sum of all…
AT&T stock fell nearly 9% after the company reported a 10.4% year-over-year fall in consolidated revenues at $41.0 billion for the fourth quarter ending December 31, 2021, as against $45.7…
Meta has designed and developed an AI Research SuperCluster (RSC), an AI supercomputer that is believed to be one of “the fastest in the world” once fully built out in…
General Motors Co. is expected to announce a $6.5 billion investment in two Michigan sites, leading to the creation of 4,000 jobs in the state, reported the news agency-Associate Press. …
The shares of Netflix slumped more than 23% in Friday’s intraday trade on NASDAQ despite its earnings coming better than expected in the fourth-quarter results. The revenue for the…
In the wake of fading consumer demand, Peloton has decided to halt the production of its connected fitness products as it aims to control costs, as per the internal documents…
Procter & Gamble on Wednesday posted better-than-expected second-quarter earnings and revenue as price hikes mitigated higher commodity and freight costs. The company not only revised its outlook for sales…
Goldman Sachs on Tuesday reported its fourth-quarter earnings, wherein profit fell short of analysts’ expectations owing to the 23% increase in operating expenses that includes higher compensation for Wall Street…
The chairman of Credit Suisse , Antonio Horta-Osorio, has resigned from the bank following reports that he has violated the Covid related quarantine rules. Mr Horta-Osorio, who joined the bank…
GlaxoSmithKline Plc has turned down the unsolicited 50 billion pounds ($68.4 billion) acquisition offer from Unilever Plc for its consumer goods arms, reported Britain’s Sunday Times earlier on Saturday. However,…