Business News

Business

Alibaba's Qwen 2.5-Max AI Model Outperforms Competitors, Including GPT-4o and DeepSeek

Alibaba introduces the Qwen 2.5-Max AI model, claiming superiority over DeepSeek-V3, GPT-4o, and Llama-3.1-405B. This development reflects the intensifying competition in the AI se...

Business

RTX Corporation Reports a 9% Surge in Q4 Sales, Reaching $21.6 Billion

RTX Corporation reports a 9% increase in Q4 sales to $21.6 billion, surpassing analyst expectations. Despite a decrease in operating cash flow, the company remains optimistic about...

Business

General Motors Surpasses Expectations with an 11% Revenue Surge to $47.7B in Q4

General Motors announced an 11% increase in Q4 revenue to $47.7 billion, exceeding forecasts. Despite a net loss, adjusted EPS rose by 54.8%. The company also provided a positive o...

Business

Boeing's $11.8 Billion Annual Loss Marks Its Largest Deficit Since 2020

Boeing Co. faces its largest annual net loss since 2020, with a $11.8 billion deficit for 2024, driven by labor disputes, defense program charges, and operational inefficiencies. C...

Business

Lockheed Martin Reports a 1.3% Decline in Q4 Net Sales to $18.6 Billion Amid Earnings Plunge

Lockheed Martin announced a 1.3% decline in Q4 net sales to $18.6 billion, with net earnings plummeting by 71.7%. For the fiscal year 2024, net sales increased by 5% to $71 billion...

Business

France Launches Fraud Investigation into Binance: A Deep Dive into Crypto's Dark Side

France's National Jurisdiction for the Fight against Organized Crime has launched an investigation into Binance over allegations of money laundering, drug trafficking connections, ...

Business

SoftBank in Advanced Talks to Secure $18.5 Billion Loan for Ambitious Stargate Project

SoftBank Corp. is in talks to borrow up to $18.5 billion for the $500 billion Stargate Project, with CEO Masayoshi Son planning a $40 billion investment. The company may use its st...

Business

Elon Musk's X Teams Up with Visa to Revolutionize Peer-to-Peer Payments with X Money

Elon Musk's social network X partners with Visa to launch X Money, leveraging Visa Direct for secure, instant peer-to-peer payments and bank transfers, marking a significant step t...