Even when money is tight, Nestlé says it can rely on coffee drinkers’ habits. The food and beverage giant released half-year earnings Thursday (July 23) showing a slight dip in sales, with coffee remaining a strong driver of organic growth. The company had to hike prices on some coffee...
Optimus moved into production this quarter at Tesla’s Fremont, California, factory, where the humanoid robot learns from what it sees instead of code written to instruct it. “You’ve probably seen lots of impressive demonstrations of robots on the internet,” CEO Elon Musk said Wednesday (July...
Alphabet’s second-quarter earnings announcement on Wednesday (July 22) provided a clearer answer to one of the central questions surrounding generative AI: Are businesses moving quickly enough from testing the technology to paying for it at scale? For Google, the evidence is increasingly coming from enterprise...
Santander’s digital transformation and targeted deployment of artificial intelligence helped it achieve record profits in the first half, the bank said in a Wednesday (July 22) earnings release. The bank’s underlying profit rose 15% to reach a record 7.3 billion euros (about $8.3 billion) in...
Capital One’s Discover integration dominated discussion during the second-quarter earnings call, alongside new initiatives, with the bank testing Capital One credit cards on the Discover network while continuing to spend on technology and artificial intelligence (AI). The company’s results on Tuesday (July 21) indicated that credit...
Hasbro’s strongest growth in the second quarter came from an audience most toy companies chase last: adult collectors, hobby gamers and longtime fans. For example, revenue in the Wizards of the Coast and Digital Gaming segment increased 27%, led by the Magic: The Gathering trading...
KeyCorp made gains across its priority growth businesses of investment banking, commercial payments and wealth management in the second quarter, Chairman, CEO and President Chris Gorman said Tuesday (July 14). The bank’s investment banking pipelines grew 9% over the previous quarter, its commercial payments business...
The prevailing narrative says the consumer, squeezed by inflation, higher gas prices and a steady sense of uncertainty, is ready to pull back. Synchrony’s second-quarter results point in a more optimistic direction. People are still using their cards, and much of the growth is coming...
After seeing early productivity gains from its implementation of artificial intelligence and agentic-based solutions across its internal processes, Equifax doubled its forecast of the cost savings it expects to see over the next three years, according to a presentation released Tuesday (July 21) in conjunction...