On Thursday, Grab posted its first-ever profitable quarter, raking in $11 million in profit.
Schlagwort-Archiv: Financial
Block shares surge as much as 14% after company announces surprise profit
There was particularly strong growth in Block’s payment platform, Cash App, and its point-of-sale suite, Square.
Rivian and Lucid shares plunge after weak EV earnings reports
Shares of electric vehicle makers Rivian and Lucid fell Thursday after the companies reported stagnant production in their fourth-quarter earnings.
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
The Federal Reserve on Wednesday released minutes from its Jan. 30-31 meeting.
Here’s why Capital One is buying Discover in the biggest proposed merger of 2024
Capital One is betting that owning a global payments network protects it against a rising tide of fintech and regulatory threats.
Moderna posts surprise quarterly profit even as Covid vaccines sales plummet
Moderna reiterated its full-year 2024 sales guidance of roughly $4 billion.
Mercedes shares climb 5% on share buyback, despite ‚exceptional‘ uncertainty ahead
Mercedes-Benz shares climbed on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program.
Rolls-Royce shares jump 10% after 2023 profits more than double
Rolls-Royce shares jumped more than 10% on Thursday after the British aerospace group more than doubled its annual profit in 2023 and forecast further momentum.
Nvidia posts revenue up 265% on booming AI business
Nvidia’s total revenue rose 265% from a year ago, based on strong sales for AI chips for servers.
UK posts record budget surplus in January
The U.K. logged a £16.7 billion ($21.1 billion) net budget surplus in January, official figures showed, the largest since monthly records began in 1993.