TotalEnergies Q4 earnings beat expectations with $4.4B adjusted net income, despite lower oil prices and weak fuel demand, boosted by strong gas trading profits.
Boeing forecasts Indian and South Asian airlines will add 2,835 aircraft over the next 20 years, driven by rising middle class and economic growth.
Disney beat Q1 earnings, with streaming profits despite 700K Disney+ subscriber loss due to price hikes. Parks struggled amid hurricanes and cruise investments.
AMD beat Q4 earnings expectations but stock fell 9% due to weaker growth forecast for its data center business, missing AI chip momentum against Nvidia.
Alphabet's Q4 earnings beat expectations, but cloud revenue fell short. It plans to increase capital expenditures to $75B. China is investigating Google amid U.S.-China tensions.
State Farm is requesting a 22% rate hike for homeowners and 15% for renters in California due to wildfire payouts, with new rates starting May 1.
India's banking system's cash crunch has eased after the central bank injected liquidity. The deficit dropped to 660.4 billion rupees on Feb. 4, from 2.2 trillion rupees on Jan. 30.
Nissan canceled merger talks with Honda, ending plans for a tie-up. Nissan's shares fell over 4%, while Honda's rose 8%, signaling investor relief.
Ferrari's 2024 net profit rose 21% to €1.53B, driven by strong product mix and growing demand for customizations. Revenues hit €6.7B, with a 5% rise expected in 2025.
PepsiCo's Q4 profit forecast falls short, missing revenue estimates as demand weakens for sodas and snacks like Doritos and Lay's in the U.S.
UK alcohol duties rise with inflation from 1 Feb, increasing costs for spirits and wine.
Elon Musk is serving as a "special government employee" in the Trump administration, a temporary role with fewer conflict-of-interest requirements than full-time positions.
Vodafone reported weak performance in Germany in Q3, while Britain, Turkey, and Africa performed better. Shares fell over 6%, erasing gains made in the last year.
Trump agreed to pause U.S. tariffs on imports from Canada and Mexico for 30 days after both countries pledged to combat fentanyl trafficking into the U.S.
Citigroup CEO Jane Fraser confirmed the bank will maintain a hybrid work model, allowing most employees to work remotely at least two days a week, despite Trump's office return order.
China imposed tariffs on US goods, including coal, LNG, oil, and cars, while also launching an antitrust investigation into Google, as Trump's tariffs took effect.
Continental's ContiTech division will close 4 plants and downsize 2, cutting 580 jobs as part of a restructuring plan to save €400 million annually from 2025.
UBS beat Q4 profit forecasts and plans to buy back up to $3 billion in shares in 2025, with $1 billion in H1 and $2 billion in H2, barring major capital rule changes.
After Trump announced tariffs on Canada, Ottawa hockey fans booed the U.S. anthem. The 25% tariffs on Canadian imports, effective Tuesday, spark anger in Canada.
Trump threatened new tariffs on the EU and possibly the UK, despite the risk of U.S. economic impact. Retaliation from Mexico, Canada, and China follows his recent tariffs.
Trump signed an order imposing 10% tariffs on Chinese imports and 25% on Mexican and Canadian goods, except Canadian oil. This move could raise U.S. consumer prices.
The ECB cut rates by 25bps to 2.75%, with Lagarde signaling more cuts if inflation falls. She dismissed Bitcoin as a reserve asset, citing liquidity and security concerns.
Japan had a record 2.3 million foreign workers in October 2024, up 12.4% from last year, as businesses increasingly rely on overseas workers to fill labor gaps.
UPS stock dropped 15% after cutting deliveries to Amazon. The company says the move is part of a strategy to focus on more profitable markets and improve long-term returns.