Bank of America sees revenue rise across the board in upbeat sign for year ahead
Bank of America Corp.'s stock rose 0.6% in premarket trading as CEO Brian Moynihan said the bank is seeing "broad momentum" that "sets up 2025 very well" as the financial giant's outlook for 2025 net ...
Symbotic to Buy Walmart's Advanced Systems and Robotics Unit, Signs Commercial Agreement
Technology company Symbotic has struck a deal to expand its partnership with Walmart, taking on a $520 million program to develop an automated delivery platform for Walmart stores while also agreeing ...
Morgan Stanley's stock gains after earnings beat as equity and bond revenue jump
Shares of Morgan Stanley (MS) rallied 1.6% in premarket trading Thursday, after the bank and broker beat profit and revenue expectations, amid strength in its bond and stock trading business. Earnings ...
Bargain hunting? This value manager has scooped up Airbnb, an AI-healthcare play and a GE spinoff
The last two years have seen investors put faith in tech and largely get rewarded. That's as value stocks have lagged behind. Vanguard's S&P 500 large-cap value ETF VOOV returned 9.8% last year and 19 ...
BP Cuts 4,700 Internal, 3,000 Contractor Roles as it Trims Costs
BP will cut 4,700 internal and 3,000 contractor roles across its business as part of cost-cutting measures. Employees at the British oil-and-gas giant were told of the job cuts Thursday via an email ...
Outsourcing giant Infosys raised sales guidance for a third time. AI is helping.
Indian outsourcing giant Infosys Ltd. on Thursday raised its sales outlook for the third time this year as the company said clients were increasingly adopting its artificial-intelligence services.
News Highlights: Top Company News of the Day - Thursday at 7 AM ET
TSMC Expects Continued AI-Driven Growth After Ending 2024 Strong The company's chief executive said revenue from AI-related servers and processors is expected to double in 2025 after more than ...
TotalEnergies Sees Production Growth, Weak Downstream Environment — Energy Comment
TotalEnergies expects fourth-quarter hydrocarbon production to increase slightly but said oil prices and refining margins will be a drag on its financial performance. Here's what the French ...
Oil prices edge lower after closing at 4-month high
Oil futures were modestly lower early Thursday, pulling back after ending the previous session at four-month highs following data that showed a large drop in U.S. crude inventories. Concerns about ...
PNC Financial 4Q Revenue Increases as Fee Income, Net Interest Income Grow
PNC Financial Services reported higher revenue in its latest quarter driven by a jump in fee income and net interest income. The Pittsburgh bank logged net income of $1.63 billion, or $3.77 a share, ...
UnitedHealth's stock dives after first revenue miss in more than four years
The company is at a pivotal point following the killing of Brian Thompson, who headed the UnitedHealthcare unit, and there was a public outcry about insurance denials. That prompted Andrew Witty, the ...
Bank of America's Q4 profit of 82 cents a share tops analyst estimates
Bank of America's ( BAC) fourth-quarter earnings were 82 cents a share, ahead of the FactSet consensus estimate of 77 cents a share. Fourth-quarter revenue was $25.3 billion, which beat the analyst ...