Chevron experienced a disappointing midday trading session, with stock slipping more than 3% due to second-quarter earnings missing Wall Street estimates. This news caused concern among investors, as adjusted earnings per share were reported at $2.55, lower than the $2.93 per share that analysts had expected. Additionally, revenue came in slightly higher than expected at
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Berkshire Hathaway, under the wise leadership of CEO Warren Buffett, is on the verge of achieving a milestone that could shake the financial markets. The company’s cash pile is set to exceed $200 billion, surpassing the entire annual gross domestic product of Hungary. This impending feat comes amidst a rare move by Buffett to sell
The 2024 Paris Olympics are not just about the mainstream sports like track and field or basketball. This year, lesser-known sports and women’s teams are receiving a significant boost in funding. From women’s rugby sevens to water polo and women’s track and field, various individuals are stepping up to support these athletes and teams. This
The film industry has faced some tough challenges in recent times, with Marcus Theatres being no exception. While CEO Greg Marcus noted that there weren’t fewer films in the first half of the year, there was a lack of tentpole movies that are essential for driving audience numbers. The lack of a “normal slate” of
Hershey’s stock saw a significant drop of 7% in premarket trading after the company’s second-quarter results fell short of analyst expectations. Despite earning $1.27 per share on revenue of $2.07 billion, the company missed the projected profit of $1.43 per share on revenue of $2.31 billion. This decline was attributed to consumers pulling back on
Moderna, a prominent biotech company, recently reported second-quarter revenue that exceeded expectations. However, the company decided to reduce its full-year sales guidance due to various factors such as lower expected sales in Europe, a competitive environment for respiratory vaccines in the U.S., and the potential for deferred international revenue into 2025. The company now anticipates
Meta, formerly known as Facebook, has been investing heavily in artificial intelligence (AI) with hopes of driving revenue growth in the future. The company’s CEO, Mark Zuckerberg, has been vocal about the positive impact AI has had on Meta’s performance in the digital advertising market. With the recent second-quarter earnings report showing better-than-expected results, it’s
When Donald Trump, the Republican nominee for president, received support from a portion of the tech investing world, a significant number of venture capitalists immediately rallied behind Vice President Kamala Harris, the likely Democratic nominee. Over 100 VCs joined forces to endorse Harris as she gears up for the November election. This group, known as
The 2025 Ford Maverick pickup truck has undergone a significant redesign, incorporating a host of new features and improvements. One of the notable updates is the refreshed exterior and interior styling, giving the vehicle a modern and sleek appearance. Moreover, the introduction of a 13.2-inch center touchscreen adds a touch of luxury and convenience to
Marvel Studios and Disney’s latest release, Deadpool & Wolverine, is proving all the naysayers wrong by raking in an impressive $24M on a Tuesday, matching its performance from the previous day. This brings the total domestic earnings for the R-rated film starring Ryan Reynolds and Hugh Jackman to an astounding $259.8M. Deadpool & Wolverine continues
Samsung Electronics recently announced its second-quarter results, reporting higher-than-expected revenue and operating profit. The company saw a revenue of 74.07 trillion Korean won, which translates to about $53.45 billion, surpassing analysts’ average estimate of 73.74 trillion Korean won. Additionally, Samsung’s operating profit reached 10.44 trillion Korean won, exceeding the projected 9.53 trillion Korean won. This
Microsoft experienced a 6% drop in shares due to disappointing results from its cloud business. Despite beating expectations in the fiscal fourth quarter, the negative cloud business impact overshadowed these successes. On the other hand, Advanced Micro Devices saw a 5% increase in shares after surpassing second-quarter estimates. The company posted impressive earnings and revenue
In the ever-evolving world of the automotive industry, Stellantis has announced plans to reduce its U.S. workforce once again through a broad voluntary buyout program. This move comes as the company aims to cut costs and increase profitability amid a challenging economic environment. Voluntary Buyout Program Stellantis revealed its intentions in an email to employees,
AMC Theatres, under the leadership of Adam Aron, has been making waves in the film industry with their foray into concert film releases. After the success of Taylor Swift: The Eras Tour, the theater chain is partnering with Trafalgar Releasing and Sony Music Vision to bring Usher: Rendezvous in Paris to screens worldwide. This unique