It was a terrible earnings week (Oct. 23-29) for Big Tech, aside from Apple.   After making unsettling predictions for the third quarter and the rest of the year, Alphabet, Amazon, Meta, and Microsoft collectively saw their market caps decline by over $350 billion. After a decade of...

Exxon Mobil Corp. and Chevron Corp., two of the largest energy companies in the world, reported yet another round of enormous quarterly profits thanks to rising natural gas and fuel costs that have pushed up inflation globally and renewed calls for higher taxes on the industry.   Due to the...

Binance, the world's largest crypto exchange, which has invested $500 million in Elon Musk's buyout of Twitter Inc, is forming a team to investigate how blockchain and crypto can help Twitter, according to a company spokesperson on Friday.   Binance said it will brainstorm plans and...

Elon Musk has taken over Twitter Inc with ruthless efficiency, firing top executives while providing little clarity on how he plans to achieve the ambitious goals he has set for the influential social media platform.   "The bird is freed," he tweeted after he completed his $44 billion...

According to Patrick Pouyanne, CEO of the firm, TotalEnergies reported new impairment of $3.1 billion in the third quarter of 2022 relating to its Russian assets. Pouyanne noted that "In the third quarter of 2022, the company reported adjusted net income of $9.9 billion and IFRS net income of $6.6...

Wall Street is losing patience with Meta CEO Mark Zuckerberg's massive and experimental bets on his metaverse project, which contributed to a fifth increase in the company's overall costs in the third quarter.   After hours, investors rushed to dump Meta Platforms Inc's stock, driving it...

Standard Chartered's third-quarter profit increased by 40 per cent as higher interest rates increased the bank's income and gave it ammunition to raise its revenue forecast despite a weakening global economy.   StanChart increased its income growth forecast for this year to 13 per...

The financial accounts of the German chemical corporation BASF SE show that its net profit fell to €4.22 billion between January and September 2022, a decline of 8.8% on an annualized basis. In comparison to €5.03 a year earlier, the diluted earnings per share for the period of January through...

According to reports citing sources, South Korea's Mirae Asset Financial Group plans to commit about 300 billion Korean won ($208 million) to help finance Elon Musk's $44 billion buyout of Twitter Inc.   The agreement with Mirae is expected to be finalized in the coming days, ahead of the...