Shares of Gap Inc. rose in after-hours trading Thursday after the apparel retailer issued a positive 2022 profit forecast despite rising inflation and logistical challenges. Read more.
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Airbus has joined rival aircraft maker Boeing and oil giant ExxonMobil on a growing list of corporate giants cutting ties with Russia. Read more.
Credit Suisse had its hands full Sunday trying to contain the fallout from its latest scandal after several newspapers reported that more than 18,000 leaked accounts showed criminal activity.
Senior U.S. health officials have sought to reassure a pandemic-weary public that the country is nearing a time when Covid-19 will no longer dominate our daily lives as an unprecedented wave of infections and hospitalizations recedes in many parts of the country. Read more.
Siemens on Thursday reported a better-than-expected profit in its industrial business. The German technology group said it received "exceptional" orders from its customers. Read more.
Disney reported fiscal first-quarter results Wednesday, beating analysts' estimates on earnings per share and revenue. Read more.
Pfizer expects record sales in 2022, saying Tuesday that it will sell $32 billion of its Covid-19 vaccine and $22 billion of its Paxlovid antiviral coronavirus treatment pill this year. Read more.
Shares of Ford Motor slid after the company reported its fourth-quarter results Thursday, which missed Wall Street's profit expectations by a wide margin and revenue by a slight margin. Read more.
Shares of Facebook fell more than 20% in extended trading Wednesday after the company reported disappointing earnings, gave a weak outlook and said user growth is stagnant. Facebook said first-quarter revenue will be between $27 billion and $29 billion, while analysts had expected revenue of $30.15 billion, according to Refinitiv. That would represent 3% to 11% year-over-year growth. Meta said its Family of Apps posted fourth-quarter revenue of $32.79 billion and operating income of $15.89 billion. The Reality Labs segment posted revenue of $877 million in the quarter with an operating loss of $3.3 billion. Read more.
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International News and Market Update: Alphabet posts positive fourth-quarter earnings,
Google parent Alphabet reported fourth-quarter profit and revenue that beat expectations. Shares rose more than 9% in extended trading. Read more.
Boeing won a major order from Qatar Airways on Monday as the airline clashes with rival manufacturer Airbus. Read more.
China Unicom is the latest Chinese telecommunications giant to be banned from the U.S. over "significant" national security and espionage concerns. Read more.
