Southwest Airlines reported a wider loss for the first quarter compared to the same period last year, citing Boeing’s airplane delays as a significant factor impacting its growth projections up to 2025. The airline revised its capacity growth forecast for ...

On Friday, Exxon Mobil (XOM) and Chevron (CVX) reported declines in first-quarter earnings and revenue, attributed to lower refining margins and natural gas prices impacting the energy behemoths. Meanwhile, the ongoing rivalry between the two U.S. supermajors intensifies over Chevron’s ...

AbbVie (NYSE: ABBV) posted strong first-quarter sales and earnings results that surpassed expectations, with promising performances from Skyrizi and Rinvoq, the drugs developed to replace Humira. Despite Humira’s expected decline due to patent expiration, sales of these replacement drugs offset ...

Elon Musk’s unexpected journey to China seems to have yielded significant results. The billionaire made a surprise trip to Beijing, engaging in discussions with senior officials and striking a deal with the Chinese search engine giant Baidu. This whirlwind visit ...

Snap revealed its first-quarter results on Thursday, exceeding analysts’ expectations and marking a return to double-digit revenue growth, prompting a surge of more than 23% in its shares during extended trading. Here’s a breakdown of Snap’s performance: Earnings per share: ...

Paramount Global and Skydance Media are advancing in negotiations towards a potential merger, aiming to acquire controlling shareholder Shari Redstone’s stake, sources familiar with the matter disclosed. The special committee at Paramount Global is responsible for evaluating proposals, along with ...

Honda Motor, in collaboration with undisclosed joint venture partners, has plans to invest $11 billion in Ontario, Canada, to establish a comprehensive electric vehicle (EV) value chain, the Japanese automaker revealed on Thursday. The initiative aims to establish a new ...

Southwest Airlines CEO Bob Jordan revealed in a Thursday interview that the airline is bringing potential modifications to its longstanding single-class, open-seating model as part of efforts to boost revenue. This suggests a significant departure from the airline’s traditional approach. ...

JetBlue Airways witnessed a significant decline in its shares, plummeting by over 18% on Tuesday, subsequent to the airline revising its revenue forecast for 2024, presenting a challenge as it endeavors to regain profitability. According to the carrier, second-quarter revenue ...

On Tuesday, PepsiCo announced quarterly earnings and revenue that surpassed analysts’ predictions, despite encountering reduced U.S. demand due to Quaker Oats recalls and pushback against increased prices for its beverages and snacks. Although the company’s shares experienced a decline of ...