The results come as the Chevron-Hess deal is delayed until well into 2025 due to an arbitration case with ExxonMobil.
Schlagwort-Archiv: CNBC
Nintendo profit falls 55% as sales of its ageing Switch console plunge
Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% from the 3.91 million units it sold in the year ago period.
Why all semiconductor firms are not benefiting from the AI boom like Nvidia has
Not all chip firms are benefiting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain.
Bill Ackman’s Pershing Square withdraws IPO as demand for offering waned
Bill Ackman’s Pershing Square USA withdrew its plans for an initial public offering after demand fell below original expectations.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June.
Fed holds rates steady and notes progress on inflation
Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.
This AI-powered financial advisor has quickly gained $20 billion in assets
The wealth management industry has long feared a future where human advisors are no longer necessary, and that possibility seems closer with generative AI.
Wayfair CEO likens home goods slowdown to 2008 financial crisis
Online home goods company Wayfair has seen sluggish demand against high interest rates, but repreive could come if the federal reserve cuts rates in September
Biogen beats expectations, hikes outlook as Alzheimer’s drug Leqembi and other new products gain traction
Uptake of Biogen’s breakthrough Alzheimer’s drug, Leqembi, appears to be picking up, with roughly $40 million in sales for the quarter.
Moderna stock falls more than 15% as it slashes guidance on low EU sales, tough U.S. vaccine market
Moderna now expects 2024 product revenue to come in between $3 billion and $3.5 billion, down from a previous guidance of $4 billion.