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Business

GM Faces $5B Tariff Shock: Profit Outlook Slashed Amid Trade Policy Uncertainty

General Motors lowers its 2025 earnings forecast due to $5 billion exposure from US tariffs, with EBIT-adjusted profits now expected between $10 billion and $12.5 billion. CEO Mary...

Business

Eli Lilly's Q1 Revenue Soars 45% to $12.7 Billion Fueled by Mounjaro and Zepbound Success

Eli Lilly's first quarter revenue jumps 45% to $12.73 billion, driven by Mounjaro and Zepbound. Net income rises 23% to $2.76 billion, with EPS at $3.06. Plans for a $50 billion US...

Business

Biogen Announces Strong Q1 Growth with $2.4 Billion Revenue, Marking a 6% Increase

Biogen Inc. reports a 6% increase in Q1 revenue for 2025, totaling $2.4 billion, despite a dip in earnings per share. CEO Christopher Viehbacher emphasizes the company's strategic ...

Business

McDonald's Q1 2025 Financial Report: A 3% Revenue Dip to $5.9 Billion Amid Market Challenges

McDonald's reports a 3% decline in Q1 2025 revenue to $5.9 billion, with net income and earnings per share also seeing decreases. CEO Kempczinski remains confident in the brand's r...

Business

Mastercard Achieves 14% Revenue Surge in Q1, Reaching $7.3B Amid Global Growth

Mastercard reports a 14% increase in Q1 revenue to $7.3 billion, driven by cross-border transactions and payment volumes. Net income rose 9% to $3.3 billion, with strategic partner...

Business

Apple Faces Q2 Challenges: Stock Slump, AI Delays, and Tariff Risks Loom

Apple confronts a challenging Q2 with stock declines, AI strategy delays, and geopolitical risks, as it prepares to release its earnings report. Despite setbacks, some segments sho...

Business

Microsoft Announces Significant Price Hikes for Xbox Consoles and Games Worldwide

Microsoft has announced a worldwide price increase for Xbox consoles and accessories, citing rising development costs. The Xbox Series X and S models see significant price hikes, a...

Business

CEO Salaries Soar 50% in Six Years, Leaving Workers Behind with Mere 0.9% Wage Growth

A recent Oxfam report reveals a 50% surge in CEO salaries over six years, contrasting sharply with a mere 0.9% wage growth for workers. The report also highlights the persistent ge...