Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
Meta, the parent company of Facebook and Instagram, reported a record quarterly profit on Wednesday afternoon, as well as stronger-than-expected…
Rivian’s chief software officer says in-car buttons are ‘an anomaly’
The trend of big touchscreens in cars has left many yearning for the not-so-distant days when most user interactions happened…
Elliott boosts Southwest interest to 11.3% after truce
Elliott Investment Management slightly increasing its economic exposure to 11.3% in Southwest Airlines Co. (LUV) after agreeing to a truce…
Volkswagen stumbles in China as Germany’s auto giants struggle to compete in the EV race
Germany’s automotive industry is facing an increasingly difficult outlook. Volkswagen may close factories in Germany for the first time, and…
US Oil Production Hits Another Record, Adding to Supply Worries
US oil production jumped to a fresh monthly record of 13.4 million barrels a day in August, in what is…
Yen Extends Gain After BOJ Signals Interest Rates May Increase
The yen advanced as much as 1% against the dollar, extending gains after Bank of Japan Governor Kazuo Ueda signaled…
Samsung’s Sudden $122 Billion Wipeout Shows the Cost of Sleeping on AI
Just a few months ago, Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging…
Oil Rebounds From Two-Day Slump With Middle East Back in Focus
Oil rebounded with traders focused on Middle East tensions and tightening US crude stockpiles. West Texas Intermediate advanced 2.1% to…
MicroStrategy Posts Third Straight Loss on Bitcoin Impairment Charge
Bitcoin hedge-fund proxy MicroStrategy Inc. posted a third consecutive quarterly loss after taking an impairment charge against the value of…
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta Platforms Inc. CEO Mark Zuckerberg will ramp up heavy investments in AI and other futuristic technologies, continuing a years-long…