The world's richest man is about to make a swath of already wealthy investors even wealthier.   Firms that invest for wealthy clients, such as Pentwater Capital, Millennium Management, Adage Capital Partners, and Greenlight Capital, could earn hundreds of millions of dollars after Elon Musk...

Exxon Mobil Corp blew past expectations on Friday, posting a record-breaking quarterly profit that nearly matched that of tech behemoth Apple.   Its $19.66 billion net profit for the third quarter far exceeded recently raised Wall Street forecasts, as skyrocketing natural gas and high oil...

Australia and New Zealand Banking Group Ltd announced a larger annual cash profit, exceeding market expectations, with its home loan division getting better and higher interest rates increased the margins of the bank in the second half.   After an revamp to take...

On Wednesday, Barclays beat expectations with a small increase in third-quarter profit, as strong performance in fixed income trading reduced loan loss charges and helped it recover from a costly trading error.   In July-September, the British bank earned a profit before tax of 2 billion...

Back in April, billionaire Elon Musk wondered: "Is Twitter dying?" That was just five days before making an offer to purchase the social media platform.   According to internal Twitter research obtained by Reuters, the reality extends far beyond the handful of examples of celebrities...

According to reports quoting sources, Microsoft Corp is stockpiling Chinese video game content in order to replicate Sony Group Corp's success with "Genshin Impact," cementing China's transition from a land of players to a hub of blockbuster developers.   The U.S. software giant and...

Toyota is rethinking its electric-car strategy in order to rival in a thriving market that it has been slow to enter, and has halted some work on existing EV projects, according to four people with knowledge of the still-developing plans.   If embraced, the proposals under consideration...

Concerned about regulations that would require digital platforms to pay news publishers, Facebook has cautioned that it may block the sharing of news content on its platform in Canada.   In a move similar to a ground-breaking law passed in Australia last year, the Online News Act,...

Analysts say Pfizer's plan to more than quadruple COVID-19 vaccine prices in the United States next year exceeds Wall Street expectations and will boost revenue for years to come, despite lower-than-expected demand for the new booster shot so far.   The drugmaker, which developed and sells...

According to reports quoting sources with knowledge of the matter, the banks supplying $13 billion in funding for Tesla CEO Elon Musk's purchase of Twitter Inc have decided to abandon plans to sell the debt to investors due to uncertainty surrounding the social media company's fortunes and...

Snap Inc shares fell nearly 30% in premarket trading on Friday, following the company's forecast of zero revenue growth, indicating that the social media sector, which is heavily reliant on digital advertising, is in for more pain.   Alphabet Inc, the parent company of YouTube, Meta Platform...