Pfizer reported a surprise quarterly profit on Tuesday, helped by cost cuts and higher-than-expected demand for its Covid-19 treatment Paxlovid, but sales of some high profile products fell short of Wall Street estimates. Pfizer shares were off around 1 per cent in afternoon trading. Investors fled Pfizer last year as pandemic worries declined and billions […]
SAN FRANCISCO (AP) — Google’s corporate parent returned to double-digit revenue growth during last year’s final quarter, signaling the internet powerhouse has regained its footing even as it grapples with regulatory and competitive threats to its digital empire. The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for […]
Intel (INTC) stock fell more than 5% in after hours trade on Thursday after the company reported fourth quarter results that topped estimates but offered an outlook for the current quarter that came in below expectations. For the first quarter, Intel expects adjusted earnings per share to total $0.13, well below the $0.34 analysts were […]
Aldi is legendary when it comes to great prices on groceries, but the store is also known for something else: the cart system. If you have ever been to an Aldi, you are aware that this German supermarket chain follows the European system when it comes to their carts. There is a lock attached to […]
The US economy grew at a faster rate than expected in the fourth quarter, capping off a year many expected to end in recession with one final economic surprise. The Bureau of Economic Analysis’s advance estimate of fourth quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 3.3% during the […]
AMSTERDAM (Reuters) – ASML Holding NV, Europe’s biggest technology company by market value, on Wednesday reported better-than-expected fourth-quarter sales and net profit, helped by booming chipmaking equipment sales to China. Net profit rose 9% to 2.0 billion euros ($2.17 billion) on sales of 7.2 billion euros, beating analyst expectations of a 1.87 billion euro net […]
(Reuters) – Alibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the New York Times reported on Tuesday, sending the company’s U.S.-listed shares up around 7%. Ma bought $50 million worth of Hong Kong-traded stock, the report said, citing a person with […]
(Reuters) – Fisker said on Tuesday it expects to sell all its nearly 5,000 unsold vehicles made last year by the end of the first quarter and that its newly announced dealer-partner model has gained traction. More than 100 dealers in the United States, Canada, and Europe have expressed interest in becoming a Fisker dealer, […]
(Reuters) -Verizon’s fourth-quarter results will take a $5.8 billion hit from charges related to a write down in the value of its unit that caters to businesses and government clients due to declining wireline revenue, the U.S. telecom firm said. The move follows a five-year review of the unit that showed its financial projections were […]
Sporting equipment retailer Decathlon will open a store in Dublin city centre, becoming a tenant in the newly redeveloped Clerys Quarter. Fifty jobs are set to be created by the store, which will be the retailer’s third in the Republic. In 2020, Decathlon opened its flagship Irish store in Ballymun, followed by a second outlet […]
President Joe Biden‘s campaign and affiliated fundraising committees powering the Democratic National Committee and state parties raised $97 million in the final three months of 2023, the campaign announced Monday, citing a significant closing boost from small-dollar donors. Biden’s campaign also announced that his political machine had $117 million available to spend as 2024 begins, […]
By Nandita Bose WASHINGTON (Reuters) – President Joe Biden‘s 2024 re-election team and his Democratic party said on Monday they raised over $97 million in the last three months of 2023, amid polls showing voter concerns over his age, high prices and handling of the Israel-Hamas war. The Biden campaign attributed the fundraising haul to […]