BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images Shares of BP rose 6% on Tuesday after the oil giant accelerated the pace of its buybacks and increased its dividend, despite a drop in annual profit. The energy major increased … Read more
Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Palantir shares surged more than 12% in after-hours trading after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. … Read more
A logo on the UniCredit SpA headquarters in Milan, Italy, on Saturday Jan. 22, 2022. Bloomberg | Getty Images Shares of Italian bank UniCredit hit their highest level since 2015 on Monday, after announcing that it would return 8.6 billion euros ($9.2 billion) to investors on the back of higher-than-expected profits. The Milan-based bank shared … Read more
Meta shares closed up more than 20% on Friday after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend. Revenue rose 25% in the fourth quarter for Meta to $40.1 billion from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and offers further … Read more
A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced it will … Read more
“We had a good quarter as our community and business continue to grow,” Meta CEO Zuckerberg said in an earnings release. Meta shares jumped more than 14 per cent to top US$445 in aftermarket trade. A year ago, after a catastrophic 2022 for Meta, Zuckerberg promised a “year of efficiency”. Meta, TikTok and X CEOs … Read more
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, one … Read more
The 2022 Ford Maverick. Ford DETROIT — Ford Motor started the year with a slight increase in sales, as a large jump in hybrid vehicles offset an 11% decline in all-electric cars and trucks. The Detroit automaker on Friday reported sales rose 4.3% last month from January 2023, led by a 43% jump in hybrid … Read more
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in shareholder returns for 2024. The quarterly net profit figure marked an almost 30% fall from the same quarter a year ago but was significantly higher than the 785.61 million euros … Read more
Amazon said on Thursday that its cloud division grew revenue 13% year over year in the fourth quarter, exactly in line with analysts’ projections. The company pointed to growing traction in cloud services for artificial intelligence. Many large technology companies have worked quickly to release new products or update existing ones to capitalize on corporate … Read more
