Big European firms produced much better-than-expected first-quarter profits, despite a tough economic background that includes rising inflation and interest rates.   However, European stocks are down from a 14-month high in April, as investors are concerned about the global economy's health,...

Lockheed Martin has received a contract to make missiles for Australia, the Pentagon reported. According to the US Department of Defense, Lockheed Martin has been given a $750.6 million Pentagon contract to construct air-to-ground missiles, including transfer to Australia. The Pentagon announced...

The American home goods company Home Depot released its first-quarter earnings and its year-end 2023 outlook. Revenues of the corporation plummeted 4.2% in the first quarter to $37.3 billion, and net income dropped more than 8.5% to $3.9 billion. Home Depot also expects 2023 total revenues to be...

According to a poll released on Wednesday, companies hoping to harness the mechanism that drives the sun and stars to generate electricity expect to invest around $7 billion by the time their first nuclear fusion facilities come online.   When the nuclei of two light atoms, such as hydrogen,...

Preliminary data from the international diamond giant De Beers revealed that the company’s fourth business cycle for the year (May 1-May 16) decreased in sales by 11.4 percent to $480 million from the previous cycle. The third business cycle of the year took place from March 27 to April 11. There...

Saudi Arabia may introduce more Saudi Aramco shares on the exchange in Riyadh, reports Bloomberg. According to Bloomberg, who cited reliable sources, Saudi Arabia is considering placing additional shares of its state-owned oil major Saudi Aramco on the Riyadh Stock Exchange. The monarchy is...

China is emerging from economic lockdowns, and U.S. firms such as Procter & Gamble, Starbucks, and MGM Resorts International claim the country's recovery is boosting their total sales while consumers in their home countries keep a close eye on their wallets.   China, with its vast...

The Wall Street Journal said that Netflix will reduce spending by $300 million in 2023, citing sources. Netflix will reduce spending by $300 million in 2023, according to The Wall Street Journal, which cited sources. This month, managers from the corporation advised employees to be "judicious"...

Cryptocurrency exchange Bittrex Inc. filed for bankruptcy. The decision was made three weeks after U.S. authorities charged the website with operating as an exchange, brokerage, and clearing agency without a license. According to Bittrex, which was serving consumers outside of the U.S. until the...