Business - Page 97

Meta Platforms made history on Friday by gaining $196 billion in stock market value, marking the largest one-day increase by any company in Wall Street’s annals, Reuters reported. This monumental surge came

AbbVie, a Chicago-based pharmaceutical company, has revised its 2027 sales forecast for its immunology drugs, Skyrizi and Rinvoq, to $27 billion, marking a $6 billion increase from its previous estimate. This adjustment

U.S. President Joe Biden is scheduled to unveil his proposed U.S. spending plan on March 11, as confirmed by the White House Office of Management and Budget. This document serves as a

Many investors are well-acquainted with the concept of stranded assets, often associated with the fossil fuel industry. It envisions a future where oil giants like Shell and Exxon Mobil could find themselves

The Athens International Airport, Greece’s primary tourist gateway, recently witnessed robust demand during its initial public offering (IPO), marking a significant milestone as the first major IPO in Europe for the year.

In 2024, the remarkable surge in U.S. stock prices is anticipated to gain further momentum, driven by an increase in stock buybacks by companies. Following a slowdown in 2023, stock buybacks are

Shell (SHEL.L) announced its annual profit of $28 billion, surpassing fourth-quarter earnings expectations thanks to robust liquefied natural gas (LNG) trading. This achievement has allowed the energy giant to boost its dividend

BNP Paribas (BNPP.PA) reported an unexpected decline in its fourth-quarter income, leading to a more than 8% drop in the bank’s shares. CEO Jean-Laurent Bonnafe cited challenges in the euro zone economy,

Phillips 66 (PSX.N) reported impressive quarterly profits that exceeded expectations, driven by robust refining margins and gains from its midstream unit. This positive outcome led to a 1.7% increase in its premarket

Tesla CEO Elon Musk announced on Thursday that the company plans to conduct a shareholder vote to change its state of incorporation from Delaware to Texas. This decision comes in the wake