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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...

Business

Emerson Electric's $7.2 Billion Deal to Fully Acquire AspenTech Signals Major Industry Shift

Emerson Electric Co. plans to fully acquire Aspen Technology, Inc. for $7.2 billion, making it a wholly-owned subsidiary and marking a significant industry shift. The deal, expecte...

Business

DeepSeek's Exclusive Registration Policy: A Barrier for Global Users?

Chinese AI startup DeepSeek has restricted registration to users with mainland China phone numbers, sparking debates on global accessibility. Its emergence has significantly impact...