Li Auto Forecasts Softer Sales After Posting Surge in Quarterly Result
Chinese electric-vehicle maker Li Auto expects a sequential drop in deliveries in the first months of 2024, after a blockbuster...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Vice Media to Stop Publishing on Vice.com, Plans to Cut Hundreds of Jobs
The cuts follow a failed effort by owner Fortress to sell embattled digital publisher and its brands. Source link
Social-Media Company Reddit Files for IPO
The company, which first filed confidentially for an IPO in late 2021, didn’t detail how many shares it would issue,...
Thousands of AT&T Customers Lose Cell Service
Nearly 75,000 customers reported problems texting and making calls on Downdetector. Source link
Nestlé Warns on Sales Growth as Inflation Continues to Bite
Nestlé reported full-year earnings and sales that were just shy of expectations, and cautioned that sales growth will moderate this...
Lenovo Snaps Revenue Declines, Bets On AI-Powered Tech
The world’s largest PC maker said it expects the global PC sector to recover to a level structurally higher than...
China's Stock-Sale Ban Eases Path to Propping Up Reeling Markets
China’s reported ban on the net sales of equities during market opens and closes theoretically makes it easier to prop...
The New Hot Climate Investment Is Heat Itself
Batteries that store heat can replace fossil fuels for steelmaking and other industrial processes. Source link
Knorr-Bremse Jumps on Profit Beat, Outlook Upgrade
Knorr-Bremse shares were up almost 7% after it reported better-than-expected results and issued guidance ahead of consensus forecasts. Source link
Lloyds Banking To Start Buyback After Profit Beat
Lloyds Banking launched a $2.5 billion share buyback after its profits rose in the fourth quarter despite lower income and...
Anglo American Lower Profit Tops Hopes But Cuts Payout
Anglo American posted lower full-year underlying earnings that were slightly above consensus but it trimmed its dividend after net profit...
WPP Profits Hurt by Impairments
WPP’s full-year core profit slightly missed expectations and the advertising group guided for like-for-like revenue growth in 2024 of 0%...
Rolls-Royce Bullish on Outlook as Profits Jump
Rolls-Royce Holdings reported underlying operating profit of £1.6 billion on a surge in sales that were above-forecast, and said its...
Mercedes-Benz Warns on Outlook as Market Uncertainty Weighs
Mercedes-Benz warned that 2024 underlying earnings would be slightly below last year’s levels on stable revenue expectations, adding the auto...
Telefonica Earnings Top Forecasts
Telefonica reported better-than-expected underlying profits and revenue for the fourth quarter and forecast growth of 1%-2% this year. Source link
Danone Income, Margins Rise on Higher Volumes
Danone reported a 3.5% rise in annual recurring net income and higher margins on volume gains and said guidance for...
Axa Lifts Dividend, Launches Buyback
Axa announced a new share buyback, raised its dividend 16% on higher full-year earnings, and set out new financial targets...
Nvidia Sales Reach New Heights as Company Forecasts Bigger AI Boom
Quarterly sales tripled from a year ago, surpassing Wall Street’s heightened expectations, and Nvidia indicated momentum from the artificial-intelligence boom...
Fortescue First-Half Net Up 41%, Raises Dividend
Fortescue reported a 41% rise in first-half net profit and raised its midyear payout to shareholders, reflecting an increase in...
Chord Energy, Enerplus to Combine in $11 Billion Deal
Chord shareholders would control about two-thirds of the combined company, while Enerplus holders would control the remainder. Source link
