Business News

Business

Chevron CEO Optimistic: U.S. Economy Shows No Immediate Signs of Recession Despite Trade Tensions

Chevron CEO Michael Wirth expresses confidence in the U.S. economy's resilience, citing no immediate recession risks despite tariff-induced uncertainties. The IMF, however, has low...

Business

Elliott Challenges BP to Dramatically Increase Cash Flow Amid Takeover Rumors

Elliott Investment Management is pressuring BP to boost its free cash flow by 40%, criticizing the current strategy as inadequate. With BP's underperformance, Elliott's increased s...

Business

British Steel Reverses Decision: Furnaces to Remain Open, Saving 2,700 Jobs Amid Government Intervention

British Steel Ltd. reverses its decision to close two blast furnaces in Scunthorpe, UK, saving 2,700 jobs after UK government intervention. The company has secured raw materials to...

Business

Boeing Strikes $10.55 Billion Deal with Thoma Bravo for Digital Aviation Assets Sale

Boeing announces a $10.55 billion sale of its digital aviation assets to Thoma Bravo, including Jeppesen, to streamline operations and strengthen financials, ensuring smooth transi...

Business

Novo Nordisk Shares Plummet 8% Following Eli Lilly's Breakthrough in Weight Loss Drug Trial

Novo Nordisk shares fell 8% after Eli Lilly reported positive trial results for its weight loss drug, orforglipron, affecting the healthcare sector. Novo Nordisk's shares dropped t...

Business

GE Aerospace Soars with an 11% Revenue Jump to $9.9B in Q1 2025, Setting High Expectations

GE Aerospace reports an 11% revenue increase to $9.9 billion in Q1 2025, with profits up 13% to $2.2 billion. The company raises its full-year EPS and operating profit forecasts, r...

Business

3M Reports a Slight Dip in Q1 Sales to $6 Billion Amid Strategic Adjustments

3M Company reports a 1% increase in Q1 sales to $6 billion, with net income rising to $1.12 billion. CEO William Brown highlights strategic priorities amid a slight stock dip.

Business

Halliburton Reports a 6.9% Drop in Q1 Revenue to $5.4B Amid Global Market Challenges

Halliburton's Q1 fiscal 2025 revenue fell 6.9% to $5.4B, with net income dropping 66% to $203M. Despite challenges, CEO Jeff Miller highlights strong international tender activity ...