Company Insights
Occidental Petroleum has been chipping away at its debt. Can the good times continue?
Occidental Petroleum endured a risky acquisition and a rough pandemic.
Section
News
Company Insights
Ford moves ahead with aggressive electric vehicle goals as it exits the autonomous vehicle business
Ford Motor Co. has spent half a decade investing in autonomous vehicles but on Wednesday it announced plans to shut down Argo AI, its joint partnership with Volkswagen.
Coinbase
Crypto Exchange Coinbase’s Earnings Could Continue Falling Amid Trading Decline
A steep decline in cryptocurrency trading has plunged Coinbase Global Inc. (COIN) toward deep losses and analysts say there’s no easy fix to lift the company out of the red.
Company Insights
Earnings for McDonald’s slide, but investors are still lovin’ it
Inflationary pressures slashed earnings and revenues for McDonald’s Corp.
Earnings
McDonald’s growth remained strong in third quarter as inflation ate into profits
McDonald’s Corp. on Thursday posted strong growth in a key sales metric, demonstrating the company’s resilience in a turbulent economy as it dominates competitors.
Company Insights
Meta’s Costs Skyrocket as Zuckerberg Pushes Investments In Metaverse, AI
Facebook parent Meta Platforms Inc.
Company Insights
Disney is building a personalized metaverse experience ‘not for people that look like you, but for you’
The Walt Disney Company is investing heavily in its Disney+ app in an effort to create a customized and personalized metaverse that merges the physical experiences of its parks with its digital entertainment.
Company Insights
Netflix To Focus On Profits Amid Slowing Subscriber Growth
Following two consecutive quarters of subscriber losses, Netflix is growing again.
Company Insights
Wells Fargo’s $2 Billion Hit Points To Long Road Ahead In Legal Saga
Legal and regulatory expenses delivered a surprisingly steep blow to Wells Fargo & Co.
Company Insights
Ford doubles down on electric future
In late September, Ford broke ground on the largest factory in the company’s 119-year history, a massive electric vehicle facility in Tennessee.
Airbnb
Airbnb’s Brian Chesky Hints at Fintech and New Host Features
Airbnb chief executive officer Brian Chesky indicated that new payment and host features could be on the horizon for the company during a fireside chat at the Skift Global Forum in New York on Wednesday.
Company Insights
Meta Plans Hiring Freeze as It Seeks to Cut Staffing Costs
Meta Platforms Inc. has instituted a hiring freeze after revealing plans to trim staff, as it battles mounting expenses and seeks to recover from a rare revenue dip.