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World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech
The facade of Norway's central bank, also known as Norges Bank, in Oslo, Norway.Bloomberg | Bloomberg | Getty ImagesNorges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter…
IBM beats on earnings and revenue, maintains full-year guidance
IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday.Here's how the company performed:Earnings per share: $1.60 adjusted vs. $1.40 expectedRevenue: $14.54 billion vs. $14.4 billion expectedRevenue…
5 quotes: Elon Musk on robotaxi timeline, Optimus robots, tariffs, energy and Tesla’s
Elon Musk steps off Air Force One upon arrival at Morristown Municipal Airport in Morristown, New Jersey, on March 22, 2025. US President Donald Trump will be spending the weekend at Trump National Golf Club in Bedminster, New Jersey.…
Capital One beats on earnings, flexes momentum ahead of closing Discover deal
Capital One shares rose Tuesday evening after the company posted better-than-expected first-quarter profits, driven by beats on credit quality. With the Discover acquisition set to close in less than a month, more gains for the stock…
Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street
Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat, as he, U.S. Trade Representative Jamieson Greer and Central Intelligence Agency Director John Ratcliffe attend a cabinet meeting at the White House, in Washington,…
Lockheed Martin’s quarterly profit rises on resilient defense demand
The Lockheed Martin logo is seen during the the 70th annual International Astronautical Congress at the Walter E. Washington Convention Center in Washington, DC on October 22, 2019.Mandel Ngan | AFP | Getty ImagesLockheed Martin reported…
The biggest questions facing Big Tech ahead of earnings
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second…
Bunq, a neobank for ‘digital nomads,’ accelerates U.S. expansion effort as profit jumps
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads."Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesDutch digital bank Bunq on…
TSMC sticks with its revenue forecast after profit tops estimates despite Trump trade
Taiwan Semiconductor Manufacturing Company (TSMC) headquarters in Hsinchu, Taiwan, on April 16, 2025. Anadolu | Anadolu | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday maintained its annual revenue forecast after it…
UnitedHealth shares tank on steep forecast cut as medical care costs soar
UnitedHealth Group cut its annual profit forecast on Thursday in anticipation of higher-than-expected medical costs, triggering a 19% selloff in shares of the industry bellwether that reverberated across the sector.The bleak forecast…