Oil giant Shell posts highest-ever annual profit of $40 billion
The extraordinary scale of the industry's earnings has renewed criticism and sparked calls for a Big Oil windfall profit tax.
Ferrari’s profits jump 13% in 2022, supercar maker expects an even better year in 2023
Ferrari guided to an even stronger year in 2023, boosted by its high-priced sports cars like the Daytona SP3 and the upcoming Purosangue SUV.
Penn’s sports betting business posts head-turning fourth quarter profit
Penn's sportsbook profit came in spite of a $10 million bet "Mattress Mack" won on the Houston Astros winning the World Series.
Qualcomm revenue falls 12%, guidance implies more pain this quarter
Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.
Starbucks misses expectations as China Covid surge hurts international sales
In China, Starbucks' second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.
Ford posts full-year net loss, ugly fourth quarter as ‘execution issues’ plague operations
The automotive industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.
Amazon beats on fourth-quarter revenue but provides light guidance
Amazon exceeded revenue expectations for the fourth quarter, but the stock price slipped on light sales guidance for the first quarter.
Alphabet misses on earnings and revenue as YouTube falls short
Google's core business is mired in a period of slow growth as businesses reel in ad spending.
Apple sales drop 5% in largest quarterly revenue decline since 2016
Apple's overall sales for the holiday quarter were about 5% lower than last year's, the first year-over-year sales decline since 2019. Â