Pfizer profit up on COVID treatment sales as it faces activist pressure
By Michael Erman and Bhanvi Satija (Reuters) -Pfizer reported higher-than-expected profit on Tuesday due to strong sales of COVID-19 treatment…
Month: October 2024
McDonald’s global sales fall more than expected on muted demand
By Savyata Mishra (Reuters) -McDonald’s on Tuesday posted a steeper-than-expected drop in quarterly global comparable sales, hurt by weaker traffic…
Exclusive-OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
By Krystal Hu, Fanny Potkin and Stephen Nellis (Reuters) – OpenAI is working with Broadcom and TSMC to build its…
McProfit or McProblem? A Closer Look at McDonald’s Q3 Results
McDonald’s just released its Q3 earnings, and the fast-food titan has plenty of storylines unfolding—some promising, others pressing. Despite headwinds…
Meta builds AI search engine to cut Google, Bing reliance, the Information reports
(Reuters) -Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet’s Google…
Boeing to raise up to $22 billion to shore up finances, stave off downgrade
By Utkarsh Shetti (Reuters) -Boeing on Monday launched a stock offering that could raise up to $22 billion as the…
Israel signs deal to expand production of missile defence laser
JERUSALEM (Reuters) – Israel’s defence ministry said on Monday it had signed a 2 billion shekel ($536-million) deal with local…
JPMorgan CEO Jamie Dimon says ‘it’s time to fight back’ on regulation
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – JPMorgan Chase CEO Jamie Dimon blasted several major U.S. regulatory…
China expresses concern over tariffs, sanctions in US meeting
HONG KONG (Reuters) – China expressed concern over U.S. tariffs and Russia-related sanctions during a meeting of the two countries’…
Exclusive-Satellite photos show Israel hit Iran missile fuel-mixing facilities, researchers say
By Jonathan Landay WASHINGTON (Reuters) – Commercial satellite imagery showed that Israeli airstrikes hit buildings during an attack on Saturday…