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Samsung flags chip slowdown as profit drops sharply from previous quarter
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Friday reported that its operating profit dropped sharply from the previous three…
Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026
Hiroki Takeuchi, co-founder and CEO of GoCardless.Zed Jameson | Bloomberg | Getty ImagesFinancial technology unicorn GoCardless more than halved losses in 2024 and said it's aiming to reach full-year profitability by 2026.The…
Exxon beats fourth-quarter estimates with higher Permian, Guyana output
Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst…
Earnings playbook: Your guide to the busiest week of the season, including reports from
The corporate earnings season will reach its halfway point with the busiest week of the reporting period. More than 100 S & P 500 companies are slated to post their latest quarterly reports. Among those are Alphabet, Amazon and…
Swiss pharma giant Novartis posts better-than-expected fourth-quarter sales
An office building designed by Frank O. Gehry at the Novartis AG headquarters campus in Basel, Switzerland.Bloomberg | Getty ImagesSwiss pharmaceutical giant Novartis on Friday reported better-than-expected sales in the fourth quarter…
Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards
A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing…
DeepSeek shocked the AI world this week. Here’s how tech CEOs responded
Microsoft CEO Satya Nadella commented on its "real innovations." OpenAI's Sam Altman described it as "clearly a great model." Apple CEO Tim Cook said "innovation that drives efficiency is a good thing." And Palantir's Alex Karp said it…
Eaton reports mixed results but makes clear its AI data center business is still full
Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn't slowing down despite the emergence of Chinese startup…
Atlassian hits 52-week high after reporting better-than-expected earnings, revenue
Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023.Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 15% after the software company blew past Wall Street's fiscal…
Chevron misses earnings estimate as refining posts first loss in four years
Michael Wirth, CEO of Chevron.Adam Jeffery | CNBCChevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020.The second-largest…