A Bank of America employee, 25-year-old Adnan Deumic, passed away suddenly while playing soccer Thursday night, just weeks after a 35-year-old investment banker from the same company died of a blood clot. Confirming Deumic’s death, Bank of America expressed deep ...

On Thursday, Walmart exceeded quarterly earnings and revenue expectations thanks to significant e-commerce growth, increased profits from newer ventures like advertising, and an influx of high-income shoppers. The retail giant announced it now anticipates reaching the high-end or slightly surpassing ...

On Thursday, Facebook’s parent company Meta faced a significant investigation from the European Union regarding potential violations of the bloc’s stringent online content law, particularly concerning child safety risks. The European Commission, the EU’s executive branch, announced in a statement ...

Alibaba Group Holding, China’s e-commerce giant, surpassed analysts’ expectations for fourth-quarter revenue on Tuesday, driven by a focus on affordable goods amid cautious consumer spending, particularly within the domestic market. Despite this positive revenue outcome, its U.S.-listed shares dipped aproximately ...

Takeda Pharmaceuticals from Japan has struck a deal valued at up to $2.2 billion to collaborate with Swiss start-up AC Immune in the development of an Alzheimer’s vaccine. This partnership underscores the intense competition among drug companies to invest in ...

The Social Security Administration (SSA) is actively disbursing payments for retired workers, survivors of deceased contributors, and recipients of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) throughout May. The SSA has already initiated the first three rounds ...

Sunday saw most stock markets in the Gulf closing higher, buoyed by increasing oil prices, though the Saudi index took a hit due to weak corporate earnings. Oil prices, a pivotal factor for Gulf financial markets, experienced an uptick on ...

General Motors is confident in its ability to regain market share in China, following a decline to a nearly 20-year low last year due to evolving market dynamics and heightened competition from local players, stated GM President Mark Reuss on ...

Warner Bros. Discovery released its first-quarter results on Thursday, falling short of analyst expectations in both revenue and earnings despite a robust performance in its streaming division. The company’s stock saw a slight increase in morning trading. Here’s how Warner ...

Hydrow, the connected fitness company once sought after by Peloton, is experiencing sales growth and diversification with its recent acquisition of a majority stake in strength training company Speede Fitness. As the fitness landscape shifts towards weight training, Hydrow aims ...