FedEx is laying off 10% of its officers and directors amid cooling demand
The corporate job cuts come as the shipping giant tries to reduce costs amid cooling consumer demand.
UBS gets a boost from higher interest rates, but warns of ‘uncertain’ year ahead
UBS' fourth-quarter profit beat market expectations, but the Swiss banking giant warned of an "uncertain" year ahead.
UPS revenue falls short of expectations despite growth in U.S. business
UPS posted revenue below analyst's estimates as it continues to navigate volume declines as demand cools.
GM smashes expectations and guides toward a strong 2023, despite margin squeeze
The strong results and guidance come as the U.S. automotive industry is beginning to normalize after several years of record-low inventories.
McDonald’s profit grows as inflation-weary customers flock to its restaurants
McDonald's is expecting that short-term inflation will continue in 2023.
Pfizer expects 2023 sales to decline as much as 33% compared with record-breaking 2022
The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.
Spotify shares pop 12% on strong user growth
Spotify reported fourth-quarter earnings. The company reported 205 million paid subscribers, up 14% from a year ago.
Snap shares plunge on weak revenue as digital ad struggles continue
Snap missed on revenue in its fourth-quarter earnings report and the company said revenue in the first quarter is likely to drop.
AMD beats on sales and profit but warns of a 10% revenue decline in Q1
AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics.