Ericsson’s Q3 Profit Declines, North American Sales Drop Amid Telco Spending Cuts

Swedish telecom company Ericsson (BS:ERICAs) is anticipated to report a significant dip in its Q3 net profit for 2023. The…

  • October 16, 2023
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Pfizer’s foggy COVID outlook hits vaccine maker shares

(Reuters) – Pfizer on Monday set off a fresh round of concern about the size of the COVID-19 vaccine and…

  • October 16, 2023
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WeWork names David Tolley as CEO to boost turnaround efforts

(Reuters) – WeWork on Monday named interim Chief Executive David Tolley as its CEO, tasking the former Blackstone (NYSE:BX) executive…

  • October 16, 2023
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Drug retailer Rite Aid files for bankruptcy amid rising debt, opioid litigation

(Reuters) – Debt-laden Rite Aid (NYSE:RAD) filed for bankruptcy protection on Sunday and said it would close underperforming stores, as…

  • October 16, 2023
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Binance burns $450 million BNB tokens, price remains stable

In a recent development, Binance, a prominent player in the cryptocurrency exchange market, carried out its 25th quarterly BNB token…

  • October 16, 2023
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Earnings call: BlackRock reports strong Q3 2023 results and optimistic future growth plans

BlackRock Incorporated (NYSE: NYSE:BLK) reported robust financial performance for the third quarter of 2023, with $193 billion in total net…

  • October 16, 2023
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CEOs’ lack of confidence in cybersecurity resilience may hinder growth

A recent report titled “The Cyber-Resilient CEO” by Accenture (NYSE:ACN) reveals a paradox in the mindset of global CEOs regarding…

  • October 16, 2023
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Earnings call: Citi reports robust Q3 2023 results, announces organizational changes and new digital asset solution

In the third quarter of 2023, Citigroup (NYSE:C) reported a net income of $3.5 billion, with earnings per share (EPS)…

  • October 16, 2023
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Samsung set to lead in 2nm chip production as TSMC faces delays

In the race for next-generation chip development, Samsung Electronics (KS:005930) appears poised to take the lead with plans to introduce…

  • October 16, 2023
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Earnings call: Wells Fargo reports Q3 2023 financial improvement, anticipates regulatory changes

Wells Fargo’s CEO, Charlie Scharf, announced during the company’s third-quarter 2023 earnings conference call that the firm has seen an…

  • October 16, 2023
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