News

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BP beats first-quarter profit expectations but shares slide 6% on slowing buyback program

BP beats first-quarter profit expectations but shares slide...

The first-quarter results come after a year of whopping profits for Big Oil.

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Nearly 25% of jobs are set to be disrupted in the next five years — and A.I. could play a key role: World Economic Forum

Nearly 25% of jobs are set to be disrupted in the next...

WEF expects there to be 14 million fewer jobs overall in five years' time as labor...

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Chegg shares drop more than 40% after company says ChatGPT is killing its business

Chegg shares drop more than 40% after company says ChatGPT...

Chegg beat first-quarter expectations on the top and bottom lines but issued a weak...

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Australia unexpectedly hikes rates, hints at more tightening ahead

Australia unexpectedly hikes rates, hints at more tightening...

The Reserve Bank of Australia hiked 25 basis points to 3.85% as economists polled...

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IMF raises 2023 economic outlook for Asia, sees China and India making up half of global growth

IMF raises 2023 economic outlook for Asia, sees China and...

The International Monetary Fund said Asia-Pacific growth will primarily be driven...

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Singapore's largest lender expects net interest margins will decline, but sees other growth drivers

Singapore's largest lender expects net interest margins...

With limited upside from these levels, CEO Piyush Gupta said he expects the pace...

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Trump asks for mistrial in E. Jean Carroll rape defamation trial

Trump asks for mistrial in E. Jean Carroll rape defamation...

The mistrial request came after Carroll testified that Trump "raped me" and "shattered...

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It might be Jonah Peretti's last chance to turn BuzzFeed around

It might be Jonah Peretti's last chance to turn BuzzFeed...

BuzzFeed's stock has fallen below $1 per share and faces the prospect of delisting...

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JPMorgan Chase takes over First Republic after U.S. seizure of ailing bank

JPMorgan Chase takes over First Republic after U.S. seizure...

JPMorgan acquired all of First Republic's deposits and a "substantial majority of...

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Charlie Munger says the U.S. commercial property market is in trouble: FT report

Charlie Munger says the U.S. commercial property market...

Charlie Munger believes there is trouble ahead for the U.S. commercial property...

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Jamie Dimon says 'this part of the crisis is over' after JPMorgan Chase buys First Republic

Jamie Dimon says 'this part of the crisis is over' after...

JPMorgan Chase, which acquired banking assets in the 2008 financial crisis, just...

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Lordstown Motors warns of bankruptcy after Foxconn threatens to walk away from crucial funding deal

Lordstown Motors warns of bankruptcy after Foxconn threatens...

After buying Lordstown's factory last year, Foxconn agreed to invest an additional...

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Jack Dorsey criticizes Elon Musk’s leadership at Twitter: ‘It all went south’

Jack Dorsey criticizes Elon Musk’s leadership at Twitter:...

Twitter's former CEO Jack Dorsey openly criticized Elon Musk's leadership of the...

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Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic

Big banks including JPMorgan Chase, Bank of America asked...

U.S. regulators have asked banks for their best and final offers for First Republic...

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This 28-year-old pays $62 a month to live in a dumpster he built for $5,000—take a look inside

This 28-year-old pays $62 a month to live in a dumpster...

After struggling to find an apartment rental in London on a budget, Harrison Marshall...

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Top cloud providers Amazon, Microsoft and Google face ongoing spending cuts by clients

Top cloud providers Amazon, Microsoft and Google face ongoing...

Earnings reports from the leading cloud infrastructure companies showed that businesses...