Business

Meta, Amazon add $336 billion in market value on earnings

Meta Platforms Inc. and Amazon.com Inc. shares soared Friday after delivering quarterly earnings and outlooks that far exceeded Wall Street's expectations, validating the belt-tightening strategies that defined the tech industry's ...

Business

Delta reports profit jump but lowers earnings forecast

Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday.

Business

Amazon Q1 revenue, profit grow but cloud unit a concern

Amazon on Thursday reported stronger-than-expected revenue and profits for the first quarter, sending its stocks higher in after-hours trading. But its prices took a dip in the evening amid concerns about a continued slowdown ...

Business

Gaming giant Tencent's 2022 annual net profit falls 16%

Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy.

Business

IBM to cut 3,900 jobs as it reorganizes business

IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.

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