AbbVie raises 2027 sales forecast for new immunology drugs to $27 billion
By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Friday raised its 2027 forecast for sales of its immunology drugs…
Meta surges with record $196 billion gain in stock market value
By Samrhitha A, Aishwarya Venugopal and Chuck Mikolajczak (Reuters) -Meta Platforms added $196 billion in stock market value on Friday,…
Bezos to sell up to 50 million Amazon shares by Jan. 31 next year – filing
(Reuters) -Amazon.com founder Jeff Bezos will sell up to 50 million shares in the online retail and cloud services firm…
Strong job gains may dent Fed confidence on inflation
By Ann Saphir and Howard Schneider (Reuters) -Federal Reserve policymakers seeking greater confidence that inflation is on track to their…
Exxon beats estimates, ends 2023 with a $36 billion profit
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels…
Amazon jumps as AI, retail strength power revenue growth
By Akash Sriram and Aishwarya Venugopal (Reuters) -Amazon.com shares surged 7% on Friday after the e-commerce heavyweight reported higher-than-expected holiday…
Apple’s China sales tumble highlights waning clout as local brands gain
By Yelin Mo and Brenda Goh BEIJING (Reuters) -Apple’s weak China sales performance may have shocked investors, but customers and…
Amazon posts AI-fueled cloud, ecommerce growth, shares jump
By Akash Sriram and Greg Bensinger (Reuters) -Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in…
Analysis-Inflation-focused Fed shoots down Wall Street’s hopes of March cut
By Davide Barbuscia and Lewis Krauskopf (Reuters) – Investors hoping for imminent rate cuts by the Federal Reserve received a…
Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
By Jeffrey Dastin and Akash Sriram (Reuters) -Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below…