By Nivedita Balu (Reuters) – Apple Inc on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading in 2022, the Silicon…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks closed higher on Monday, with Apple Inc hitting a $3 trillion market capitalization and Tesla Inc posting bumper delivery numbers, giving investors cheer on the year’s first trading day. Apple became the first company to reach that milestone and its shares ended higher. Tesla’s shares also…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp’s fourth quarter profit should top Wall Street’s consensus and surpass its pre-pandemic levels, lifted by better-than-expected earnings from oil and gas, analysts said. Credit Suisse, Scotiabank and JPMorgan have raised their fourth quarter earnings estimates following Exxon’s flagging of sharply higher oil and gas operating profit…
By Jane Lanhee Lee and Jody Godoy SAN JOSE, Calif. (Reuters) -A U.S. jury was urged to continue deliberating on Monday after saying in a note it could not agree on a verdict on all of the charges against Theranos founder Elizabeth Holmes, who is accused of fraud connected with the blood testing startup. U.S….
By Stephen Nellis (Reuters) – Is Apple Inc really worth $3 trillion 16 months after becoming the first company valued at $2 trillion? The answer depends on how one views the iPhone maker’s ability to keep up the unprecedented growth of the past 15 years. In its last fiscal year ended Sept. 25, Apple delivered…
(Reuters) – Apple Inc on Monday became the first company in the world to hit $3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse. The company’s shares rose to $182.88 in mid-day trading, a new…
(Reuters) -Bridgewater Associates Chief Executive Officer David McCormick has stepped down from his role to run for an open United States Senate seat in Pennsylvania, the world’s largest hedge fund said on Monday. The Westport, Connecticut-based company appointed Deputy CEO Nir Bar Dea and co-Chair of operating board of directors Mark Bertolini as co-CEOs with…
BERLIN (Reuters) – Daimler Chief Technology Officer Markus Schaefer said the luxury carmaker expects chip supply to remain scarce throughout 2022, particularly in the first half of the year. “Chip scarcity will also accompany us in 2022, particularly in the first half,” Schaefer said to a journalists roundtable. “We do not expect significant production capacity…
(Reuters) – Warner Music Group’s publishing unit has bought late British rock star David Bowie’s entire catalog spanning six decades, including hits such as “Heroes” and “Let’s Dance.” Bowie, who pushed the boundaries of music and his own sanity to produce some of the most innovative songs of his generation, died in 2016 aged 69….
(Reuters) – U.S. investment bank Jefferies Financial Group has asked staff to work remotely until Jan. 31, according to an Instagram post on Monday from Chief Executive Officer Richard Handler. The bank had called its staff back to offices in October, but was forced to return to work-from-home in December due to a spike in…
