Uber Technologies (UBER.N) surged to a historic high on Wednesday, propelled by the announcement of its inaugural share buyback program totaling $7 billion. This move
Saga, the British holiday and insurance group catering to the over-50s demographic, is forecasting a significant annual profit increase, expecting a doubling in earnings. The
Elevance Health has projected a profit for 2024 that exceeds expectations, citing higher premiums in its commercial insurance segment that effectively managed medical costs during
On Wednesday, Saudi Aramco, the global energy behemoth, announced a substantial infusion of $4 billion into its Aramco Ventures unit, a move that more than
In 2023, U.S. startups experienced a notable dip in funding, with investors injecting $170.6 billion into these ventures, marking a nearly 30% decrease from the
Flexible workspace provider WeWork, which was once the most valuable U.S. startup with a worth of $47 billion, has filed for U.S. bankruptcy protection. The
SVB Financial Group, the bankrupt former parent company of Silicon Valley Bank, has hit a roadblock in its attempt to recover approximately $1.93 billion, which
General Motors (GM) and the United Auto Workers (UAW) have reached a tentative agreement, marking the end of an unprecedented six-week campaign of coordinated strikes.
French luxury fashion house Hermes has defied economic headwinds and uncertainties plaguing the luxury sector with robust third-quarter sales that exceeded expectations. Despite signs of
The Biden administration recently unveiled a series of measures aimed at restricting the export of advanced artificial intelligence (AI) chips and other related technologies to
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