IHG upbeat about 2023 results after 10.5% rise in quarterly room revenue
(Reuters) – IHG said on Friday it expected to close out 2023 with “very strong” financials as the Holiday Inn-owner…
EU antitrust regulators resume Adobe, Figma probe, deadline Feb. 5
(Reuters) – European Union antitrust regulators have resumed their investigation into Photoshop maker Adobe (NASDAQ:ADBE)’s $20 billion bid for cloud-based…
Boeing aids Spirit AeroSystems to overcome production challenges
Spirit AeroSystems (NYSE:SPR), a former division of Boeing (NYSE:BA), has secured a collaboration deal with Boeing, resulting in a 20%…
Earnings Call: America Movil Reports Q3 2023 Results, Highlights Growth in Wireless Subscribers and Corporate Network Services
In its Third Quarter 2023 Conference Call and Webcast, telecommunications giant America Movil (NYSE:AMX) reported an addition of nearly 3…
U.S. Industrial Stocks Slide Amid Recession Fears and Rising Bond Yields
In the face of rising interest rates and oil prices, U.S. industrial and transportation stocks saw a significant downturn on…
Earnings call: Tesla’s AI development and energy division lead Q3 results, Musk highlights future growth challenges
In a recent earnings call, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk underscored the company’s advancements in artificial intelligence (AI) and…
Gold prices retreat from two-month high ahead of Powell’s speech
Gold prices have descended from over two-month highs as markets anticipate Federal Reserve Chair Jerome Powell’s imminent speech and react…
Goldman Sachs downgrades Dr Lal PathLabs amidst increasing competition
Goldman Sachs has downgraded its rating for Dr Lal PathLabs to ‘sell’, leading to a 3% fall in the company’s…
TSMC Q3 Income Surpasses Estimates, Production Capacity Stretched Until 2024
Taiwan Semiconductor Manufacturing Company (TSMC), a leading global contract chipmaker, reported a Q3 net income of NT$211 billion ($6.69 billion)…
Nokia to cut up to 14,000 jobs as US demand shrinks
(Reuters) – Finnish telecom gear group Nokia (NYSE:NOK) will cut up to 14,000 jobs to reduce costs, it said on…