Delta Air Lines reported Thursday (July 10) that it earned record revenue in the June quarter and restored its full-year financial guidance as demand for air travel stabilized. The company said its quarterly revenue rose 1% year over year and that it expects earnings per...
Trade and artificial intelligence-related headaches are reportedly behind a projected 56% drop in Samsung’s operating profits. That’s a steeper decline than market consensus, The Wall Street Journal reported Tuesday (July 8). Samsung is forecasting operating profit equivalent to about $3.34 billion, the South Korean tech...
Nvidia reportedly became the most valuable company ever for a period of time Thursday (July 3) morning before slipping below that mark later in the day. The artificial intelligence chip designer’s market capitalization rose as high as $3.92 trillion, briefly surpassing Apple’s record closing value...
Pay-by-bank solution provider Trustly reported Monday (June 30) that its total payment value increased by 54% year over year in 2024, driven by new products and partnerships in North America and Europe. The firm’s total payment value reached $85 billion, up from $55 billion in...
Walgreens is reportedly seeing an uptick in sales as it prepares to go private. The company released quarterly earnings Thursday (June 26) showing sales of $39 billion, a 7.2% increase from the same quarter last year, driven by growth in its American retail pharmacy and international segments. “Third...
FedEx found that its data and its digital platform-based solutions helped the company and its customers navigate the challenges of tariffs and changing trade policies during the most recent quarter. The trade-related events of the company’s fourth quarter, which ended May 31, allowed FedEx to...
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. In response, the company’s CarMax Auto Finance (CAF) business boosted its provision for loan losses during the quarter to $101.7 million, up from $81.2 million in the same...
OpenAI reportedly reached $10 billion in annual recurring revenue (ARR), up 82% from $5.5 billion in 2024. The $10 billion encompasses the artificial intelligence company’s consumer products and business products but excludes its licensing revenue from Microsoft and large on-time deals, CNBC reported Monday (June...
United Kingdom FinTech Wise intends to move its primary listing from the London Stock Exchange (LSE) to a stock exchange in the United States while maintaining a secondary listing on the LSE. Wise’s owners must vote on the proposal, and the company will call a shareholder...