Sony Plans Financial Unit IPO in 2025 After PS5 Sales Falter
Sony Group Corp. said it will list its financial arm in October 2025, prepping a major capital infusion after the…
Apple, Microsoft win exemptions for iMessage, Bing from EU rules
Apple has won an exemption for its iMessage and Microsoft for its Bing search engine from new EU tech rules…
Airbnb Sees Demand Moderating as Chesky Readies for Pivot
Airbnb Inc. ended 2023 stronger than analysts’ had expected but suggested that demand in the current quarter wouldn’t be as…
Oil Prices Rise on IEA Consumption Forecast, OPEC Readies Outlook
Oil rose as the International Energy Agency said it expects global demand to increase in 2024 albeit at a “comfortable”…
Tesla’s Response to Demand Drop as Stock Falls
Tesla (TSLA) shares edged lower Monday after the carmaker unveiled a fresh round of U.S. price cuts, raising further questions…
Lockheed Martin Will Sell $23 Billion Worth of F-16 Fighter Jets to Turkey
Military contractor Lockheed Martin (NYSE: LMT) is in the business of building fighter jets — and business is booming. In…
Devon Energy Could Soon Join the Oil Patch Acquisition Binge
There’s currently a massive consolidation wave happening in the oil patch. Oil giants ExxonMobil, Chevron, and Occidental Petroleum have sealed…
Japan’s Nissan Sees Profit Decline Amidst Sales Slump in China
TOKYO (AP) — Nissan’s profit sank in October-December to about half of what it earned the year before, the automaker…
PayPal’s Earnings: Can it Compete with Big Tech?
PayPal 3.53% reports its financial results after the market close Wednesday, a week after the payments company said it would…
Alibaba Soars Pre-Earnings: Time to Buy BABA Stock?
Alibaba stock was up sharply for the second straight session Tuesday, helped by a 4% jump for the Hang Seng…