Business - Page 4

The latest updates and key developments from the business world.

December 4, 2025

BMO lifts dividend as U.S. banking overhaul shows progress

Improved credit performance drives stronger earnings BMO Financial Group reported $2.3 billion in fourth quarter profit and announced a higher dividend as improvements in its U.S. loan portfolio helped reduce provisions for

December 3, 2025

Delta says shutdown cut profit by $200 million

Longest government impasse hurt travel bookings Delta Air Lines reported that the recent U.S. government shutdown reduced its pretax profit by about $200 million, following a noticeable softening in bookings during the

December 1, 2025

Goldman Sachs to acquire Innovator Capital

Two billion dollar deal to expand ETF offerings Goldman Sachs said Monday it agreed to acquire Innovator Capital Management for about $2 billion, marking the latest move to strengthen its asset management

Toyota Cuts Forecast Amid U.S. Tariff Pressure

by Jamie Spencer

Profit Falls Despite Strong Revenue and Global Demand Toyota Motor has lowered its annual operating income forecast as U.S. import tariffs weigh on earnings. Although the company posted revenue of 12.25 trillion

August 7, 2025

Intel Faces Pressure After Trump Urges CEO to Resign

by Jamie Spencer

Leadership Under Scrutiny Amid Political Concerns Intel Corporation is under renewed pressure following public calls from former U.S. President Donald Trump for CEO Lip-Bu Tan to resign. Trump posted on Truth Social

August 7, 2025

Tesla Sales Crash in Europe Amid BYD Surge

by Jamie Spencer

Major declines in UK and Germany highlight ongoing struggles Tesla is facing sharp headwinds in Europe, with new data revealing steep sales declines in two of the continent’s key auto markets. The

August 5, 2025

Palantir Soars Past $1B in Revenue, Lifts Outlook

by Jamie Spencer

AI demand and U.S. contracts fuel record-breaking quarter Palantir Technologies has reported its strongest quarter to date, surpassing $1 billion in revenue for the first time and raising its full-year guidance. The

August 5, 2025

Berkshire Earnings Dip Amid Tariff Uncertainty

by Jamie Spencer

Q2 operating profit falls as insurance weakens Berkshire Hathaway reported a 4% drop in second-quarter operating earnings, totaling $11.16 billion. The decline was primarily driven by weaker insurance underwriting results, though other

August 4, 2025

Moderna Cuts Outlook as COVID Vaccine Sales Plunge 41%

by Jamie Spencer

Spikevax sales slump while seasonal demand delays revenue Moderna reported a 41% decline in quarterly sales, down to $114 million from $241 million a year earlier. The sharp drop is attributed to

August 1, 2025

Moderna to Cut 10% of Workforce Amid Declining Sales

by Jamie Spencer

Vaccine Market Pressures Force Restructuring Moderna announced Thursday that it plans to reduce its global workforce by approximately 10% before the end of the year. The company, which had around 5,800 full-time

July 31, 2025

Microsoft Hits $4 Trillion Milestone on Cloud Momentum

by Jamie Spencer

Strong Earnings and AI Confidence Fuel Market Surge Microsoft reached a major financial milestone on Thursday as its market capitalization surpassed $4 trillion, joining Nvidia as one of only two publicly traded

July 31, 2025

Union Pacific Seeks $85B Merger With Norfolk Southern

by Jamie Spencer

Transcontinental Rail Giant in the Making Union Pacific has proposed an $85 billion acquisition of Norfolk Southern, a landmark deal that would create the first U.S. transcontinental freight railroad. The merger would

July 29, 2025

Boeing Cuts Losses as Aircraft Deliveries Surge

by Jamie Spencer

Strongest Quarter for Deliveries Since 2018 Boeing reported a significant improvement in its second-quarter performance, with the company delivering 150 aircraft — its highest since 2018 — and reducing losses compared to

July 29, 2025

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