A big, beautiful SUV, built like a sports saloon

A big, beautiful SUV, built like a sports saloon

Image: Mazda Mazda has had luxury ambitions before for some time now. Redesigning the CX-5 and Mazda3 showcase the brand’s know-how – both are great vehicles to drive, with interiors that are surprisingly stylish. Those up-market moves continue with the all-new 2024 Mazda CX-90 seen here. It seems like we’ve been speculating and to get … Read more

Exxon crushes Western oil company profits by $56 billion by 2022

Exxon crushes Western oil company profits by  billion by 2022

HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a net profit of $56 billion for 2022, the company said Tuesday, taking home about $6.3 million an hour last year and not just a company record but also a historic high point for the Western oil industry. Oil companies are expected to break their … Read more

US requests Tesla driver-assist documents; company raises capex forecast

US requests Tesla driver-assist documents;  company raises capex forecast

WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) announced on Tuesday that it had received requests from the US Department of Justice for documents related to its Full Self-Driving and Autopilot driver assistance systems as regulations tighten. Reuters reported in October that Tesla is under criminal investigation over claims that the company’s electric vehicles could … Read more

GM shares soar after record profit and new stake in lithium company

GM shares soar after record profit and new stake in lithium company

New York CNN — General Motors reported much stronger-than-expected earnings in the fourth quarter, pushing its full-year results to record levels for the second year in a row. The largest U.S. automaker also said on Tuesday it is buying a $650 million equity stake in Lithium Americas, giving it access to the raw material needed … Read more

Spotify (SPOT) earnings Q4 2022

Spotify (SPOT) earnings Q4 2022

People leave Spotify’s lower Manhattan headquarters on January 23, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Spotify shares rose as much as 9% early Tuesday after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue and showed strong user growth. Here’s how the … Read more

Pfizer falls on gloomy guidance as company braces for covid vaccine turnaround

Pfizer falls on gloomy guidance as company braces for covid vaccine turnaround

Font size Pfizer said it expects Covid-19 vaccine sales to fall to $13.5 billion by 2023. Mario Tama/Getty Images Pfizer on Tuesday set guidance for fiscal year 2023 well below consensus figures from Wall Street, dampening investor expectations ahead of what is expected to be a sharp drop in sales of Covid-19 products. Shares fell … Read more

The Norwegian wealth fund posts a record loss of $164 billion

The Norwegian wealth fund posts a record loss of 4 billion

The loss in 2022 surpasses the previous record set in 2008 Inflation and geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan. 31 (Reuters) – The Norwegian wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion kroner ($164.4 billion) for 2022, … Read more

Subscribers are rising, but losses are widening due to investment in podcasts

Subscribers are rising, but losses are widening due to investment in podcasts

Spotify (SPOT) reported its fourth-quarter financial results before the bell on Tuesday, presenting a mixed picture with a larger-than-expected loss and a blow to gross margins. Total monthly active users beat expectations, reaching 489 million against forecasts of 478 million, with both premium and ad-supported subscribers exceeding estimates. Spotify shares, which lost more than two-thirds … Read more