Amazon.com Inc reported a poor quarter and outlook on Thursday, blaming increasing expenses to manage warehouses and deliver items to customers.   After-hours trading saw a 9 per cent drop in shares.   Amazon is facing a slew of issues following a long-running rise in sales during the...

Apple Inc. forecasted more troubles on Thursday as China's COVID-19 lockdowns stymie production and demand, the war in Ukraine dampens sales, and development in services, which the iPhone manufacturer sees as its engine for expansion, slows.   In late trading, shares were down 2.2 per cent...

On Wednesday, Elon Musk's criticism of Twitter Inc provoked a storm of nasty tweets directed at the company's top lawyer, raising concerns about his compliance with a non-disparagement agreement and the tone that the social media platform's new owner will establish for its users.   Musk...

Facebook recovered from a decrease in user numbers earlier this year, and its parent company Meta reported a profit ahead of Wall Street goals, confounding low investor expectations with a quarterly report that pushed shares up 20 per cent.   Meta CEO Mark Zuckerberg also stated that the...

PepsiCo Inc exceeded quarterly sales predictions for the first quarter while also increasing its outlook for the entire year in its announcement for quarterly results on Tuesday. The company cited consistent and continued demand for its sodas and snacks despite repeated rounds of price increases to...

French car maker Renault said on Friday that all possibilities for separating its electric vehicle (EV) business were on the table, including a possible public listing in the second half of 2023.   Renault's finance head, Thierry Piéton, said any plans would be subject to Nissan's approval,...

Hyundai Motor Co reported a 19 per cent increase in quarterly profit, beating market expectations, as the company’s business was driven by favourable exchange rates which helped to more than offset the costs for higher raw materials as well as lower sales because of a prolonged worldwide...

The Indian government is lowering its fundraising goal for the Life Insurance Corporation of India's first public offering (IPO) to 300 billion rupees ($3.9 billion), after having to lower its valuation projections in response to investor comments, according to reports quoting a government source....

Elon Musk announced on Thursday that he has obtained $46.5 billion in loan and stock finance to buy Twitter Inc and is considering pushing his proposal directly to shareholders, according to a statement filed with US regulators.   Musk has agreed to put up $33.5 billion in cash and $12.5...

After increasing costs for its legal reserves, seeing a constant stagnation of its commercial activity, and taking a hit from the aftermath of Russia's invasion of Ukraine, Credit Suisse Group expects to announce a loss for the first quarter, the Swiss bank said on Wednesday.   The scandal...

Netflix Inc said that inflation, the Ukraine conflict, and fierce competition contributed to a loss of subscribers for the first time in more than a decade, and that it expects even more losses in the future, signalling an abrupt turn in fortune for a streaming company that thrived during the...