Yahoo has announced that it would fire more than one fifth of its workforce by the end of 2023. The firing has started in mid-February with the laying off of nearly 1000 employees.
The co-founder of Microsoft Bill Gates has stated that he considers the ChatGPT is a significant invention that would change the world.
The latest quarterly Gross Domestic Product data for the United Kingdom has revealed that the country's economy stagnated during the fourth quarter of 2022.
Canadian airplane maker Bombardier has revealed that in 2023 the company would increase its business jet deliveries.
The soft drink maker PepsiCo has revealed that it expects its 2023 core earnings per share to reach $7.20.
The UK pharmaceuticals company AstraZeneca has revealed that it expects profit growth in 2023, as the company focuses on improving its profit margins.
The Chief Executive Officer of JPMorgan Chase Jamie Dimon has stated that the Federal Reserve has announced victory against inflation too soon.
Exchange filings have revealed that Warren Buffet's Berkshire Hathaway has continued to sell off electric vehicle producer's BYD shares.
Reuters has reported that various artificial intelligence companies have urged investors to rationally evaluate AI companies due to the ChatGPT caused stock frenzy.
Credit Suisse Group has reported its worst yearly loss since the 2008 financial crisis. In addition, the bank has warned that it expects losses to continue into 2023.
The streaming platform Netflix has announced that it would crack down on account sharing by creating primary location registration and implementing a charge for extra account users.
South Korean authorities have fined German automakers for a collision aimed at curbing emission cleaning technologies.
Airplane maker Airbus has urged its suppliers to increase their stock in an effort to avoid output snags.
Toyota Motor Corporation has revealed that its quarterly profits had increased by 22% due to a decline of the value of the Japanese Yen against peer currencies.
Unilever has announced that the company would continue to increase its product prices into the second half of 2023.
Walt Disney Company has revealed to be amidst a restructuring, which would result in the firing of 7,000 employees in an effort to save $5.5 billion in costs.
Recently published data has revealed that the year on year consumer price index in January increased by 9.2%. Compared to December, prices had increased by 0.5%.
British American Tobacco has pledged to sell off its business in Belarus and Russia by the end of this year.
British American Tobacco has revealed that it expects a smaller increase in earnings in 2023 than previously expected. No share buybacks are planned, despite recent rumours of an upcoming buyback.
The owner of Michael Kors brand Capri has announced that it is cutting the company's earnings forecasts due to a decline in demand.
The CEO of Tesla Elon Musk is set to host the company's first ever investor day on March 1, during which plans for the company's future are scheduled to be revealed.
Uber has announced that due to the end of pandemic measures across the world, the company expects to increase its profits in 2023. The company recently reported excellent quarterly results.
Spirit Airlines have revealed that they wait for the US Department of Justice to decide on the company's merger with its competitor JetBlue Airways Corp.
The Japanese government has revealed that it would use milder restrictions than the US has set on exports of chip production machinery to China.