The after-hours trading session brings new insights into how major companies fared in their latest financial reports. Investors often react strongly to earnings announcements, and this batch of results from some iconic global players showcases a mix of surprising successes and anticipated disappointments. International Business Machines (IBM) has managed to attract significant investor attention with
In a recent appearance on CNBC’s “Closing Bell,” Jeffrey Gundlach, the CEO of DoubleLine Capital, offered a cautious outlook regarding potential interest rate cuts in 2025. Gundlach’s insights shed light on the Federal Reserve’s current stance, indicating that only a singular reduction, or at most two, are on the horizon. His comments come after the
A troubling sentiment is emerging among British businesses as they prepare to navigate a landscape marked by impending tax hikes. Recent surveys indicate that a significant portion of employers are poised to scale back pay awards for their employees in response to new payroll tax policies initiated by Finance Minister Rachel Reeves. In a survey
Meta, the parent company of Facebook, is heavily invested in the development of virtual reality (VR) and augmented reality (AR), technologies that aim to create an integrated digital environment, aptly referred to as the “metaverse.” Despite ambitious visionary plans initiated by CEO Mark Zuckerberg in 2014 with the acquisition of Oculus for $2 billion, the
The Chinese New Year, a time traditionally marked by family gatherings and celebrations, has once again transformed into a colossal extravaganza for the film industry. The box office reported a stunning 1.8 billion yuan (approximately $248.3 million) generated on the inaugural day of the holiday period, smashing the previous record set in 2021 at 1.69
Levi Strauss & Co. recently reported a challenging outlook for its upcoming fiscal year, marked by declines in expected sales and earnings. The denim titan highlighted the detrimental impact of unfavorable currency exchange rates, a reduction in the number of selling weeks, and revenue losses from its Denizen and footwear segments. For the current fiscal
The fate of TikTok has become one of the most discussed topics involving technology, ownership, and national security in contemporary America. As U.S.-China relations become increasingly strained, the Trump administration sought to address concerns regarding potential data misuse tied to TikTok’s Chinese parent company, ByteDance. Reports indicate that the White House is attempting to forge
The coffee giant Starbucks, known for its ubiquitous presence and signature beverages, has encountered considerable struggles as it reported a continuation of declining same-store sales for four consecutive quarters. Despite this, the company has managed to surpass Wall Street’s expectations for both earnings and revenue, indicating a complex narrative of resilience amidst adversity. This situation
In a striking turn of events, retail investors demonstrated their unwavering support for Nvidia on a recent Monday, showcasing a significant influx of over $562 million in net purchases. This surge came despite a brutal market reaction following the announcement of a competing artificial intelligence model developed by a Chinese startup, DeepSeek— a development that
In a bold maneuver within the technology landscape, Perplexity AI has put forth a revised proposal aimed at merging with TikTok’s U.S. operations under its parent company, ByteDance. This development marks an intriguing moment in a series of negotiations that have drawn significant attention from both the business world and government officials alike. Unlike conventional