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Browsing Category
Economy
Southwest cuts growth plans, warning impact of Boeing airplane delays will last into 2025
A Southwest commercial airliner takes off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. Mike Blake | ReutersSouthwest Airlines on Thursday…
Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta shares plunged 16% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.Here are the key…
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty…
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on…
Rubrik prices IPO at $32 per share, above the expected range
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.Greylock PartnersRubrik, a data-management…
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM shares slipped as much as 8% in…
Chipotle is defying restaurant slump as earnings, traffic rise again
The logo of Chipotle Mexican Grill is seen in Manhattan, New York.Shannon Stapleton | ReutersChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat…
GDP report Thursday expected to show economy still growing at a solid pace
The U.S. economy likely expanded at a solid pace in the first three months of the year and perhaps even better than Wall Street expects, while still below the robust level that…
Stock market today: Live updates
Traders work on the floor during morning trading at the New York Stock Exchange on Jan. 31, 2024.Angela Weiss | AFP | Getty ImagesStocks wavered Wednesday as as interest rate fears…
Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis
Boeing on Wednesday reported a better-than-expected quarter but continued to burn cash as it tries to stabilize production following a near-catastrophic door blowout on a 737 Max…