BNP Paribas reported a mixed earnings performance for the third quarter, highlighting significant challenges within its consumer finance and car-leasing segments while showcasing stronger-than-expected results in its investment banking division. Despite these discrepancies, the French bank, which...

Amid a turbulent year for global semiconductor manufacturers, Samsung Electronics has outlined a strategic shift toward high-end chip production to maintain its foothold in the competitive tech industry. With a substantial 40% dip in quarterly profits from its semiconductor division, Samsung is...

In its latest financial report, Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, announced mixed third-quarter earnings. The social media giant met Wall Street expectations, with third-quarter profits surpassing estimates, but it also issued a warning regarding a...

As the competition in artificial intelligence (AI) heats up, Microsoft is leading the charge with aggressive investments aimed at cementing its place in the tech landscape. However, recent earnings reveal a complex picture: while AI spending is boosting some revenue segments, data center...

GSK announced that it would face a decline in vaccine sales this year, following disappointing performances from its respiratory syncytial virus (RSV) and shingles vaccines in the third quarter. This news caused a significant drop in GSK's shares, which fell as much as 4.1%. The British...

Biogen has raised its annual profit forecast, driven by a combination of cost-cutting measures and promising sales from its newer treatments. The company’s third-quarter profits surpassed market expectations, and its shares rose by about 1% to $185.20 in premarket trading. This financial upswing...

ByteDance founder Zhang Yiming has made headlines by emerging as China’s richest person for the first time, according to the Hurun Research Institute’s latest report. With a personal fortune estimated at $49.3 billion, Zhang has dethroned Zhong Shanshan, the chairperson of Nongfu Spring, who held...

Pfizer's recent third-quarter performance, bolstered by COVID-related products like its vaccine and antiviral pill Paxlovid, showcased not only a revenue surge but also a wider vision beyond pandemic-era profits. Despite the steady demand for COVID treatments, Pfizer's strategic emphasis is...

BP, one of the world’s largest energy firms, reported its weakest quarterly earnings in nearly four years, with profits dropping amid falling crude oil prices and tighter refining margins. While the company’s net profits of $2.3 billion for the third quarter beat analysts' estimates of $2.1...

A proposed class action lawsuit filed against Subway highlights serious concerns over misleading advertising practices in the fast-food industry. The lawsuit, submitted in federal court in Brooklyn, accuses Subway of presenting its Steak & Cheese sandwiches in advertisements that show an...

Volkswagen, Europe’s largest automaker, is navigating a turbulent phase that could reshape its operations in Germany significantly. The company plans to close at least three factories and lay off tens of thousands of employees as it aims to streamline operations and cut costs amid growing pressures...