Latest in Meta's third quarter profit surges 35% reflecting strong ad revenue and its AI push
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Pfizer's Strong Quarter Bolsters CEO's Comeback Efforts
The pharmaceutical company reported its third consecutive quarter with positive results.Business - The Wall Street Journal - Yesterday -
NASCAR: Who will advance to Phoenix out of a strong third-round field?
Seven of the eight drivers still alive in the playoffs are multi-time winners while the eighth driver has the best average finish of any driver in 2024.Sports - Yahoo Sports - October 17 -
Google CEO names new search and ads boss, slides predecessor to role of chief technologist
Google is replacing Prabhakar Raghavan, the company's search and ads boss since 2018, with longtime executive Nick Fox.Business - CNBC - October 17 -
Hong Kong Exchange Operator's Profit Rises on Strong Trading, Listings
Hong Kong’s stock-exchange operator reported higher profit for the second straight quarter as improved market sentiment boosted trading and listing activity.Business - The Wall Street Journal - October 23 -
Google’s strong earnings boosted by cloud computing gains
Parent company Alphabet’s shares rise 6% as results show lift from AI demandBusiness - Financial Times - 17 hours ago -
Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.Business - CNBC - October 15 -
McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms
Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.Business - CNBC - Yesterday -
Ceramic mugs, condiment bars and comfier seats are coming to more Starbucks stores, as new CEO looks to re-caffeinate sales
Starbucks Corp. on Wednesday said its latest quarterly results “do not reflect the strength of our brand,” and said it needed to make fundamental changes to bring back customers.Business - MarketWatch - 5 hours ago -
Netflix to double profits after adding millions of subscribers in three months
After cracking down on password sharing, expanding into ads and investing billions in live TV, group declares success. Netflix expects to double its profits this quarter after the world’s largest ...World - The Guardian - October 17 -
China loses third of its billionaires as economy falters
ByteDance chief Zhang Yiming leads country’s ‘rich list’ with $49bn fortuneWorld - Financial Times - Yesterday -
Meta just beat Google and Apple in the race to put powerful AI on phones
Meta has launched compressed AI models that run directly on smartphones, making artificial intelligence faster and more private while using less memory than cloud-based alternatives.Tech - VentureBeat - 6 days ago -
Meta AI to Use Reuters Content to Answer User Questions in Real Time
Meta AI didn’t share whether it would use Reuters content to train its large-language model.Business - Inc. - 3 days ago -
Meta sees AI spending accelerating as earnings top forecasts
Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technologyBusiness - Financial Times - 9 hours ago -
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.Business - CNBC - 5 hours ago -
AMD shares fall as forecast fails to impress despite strong AI growth
AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.Business - CNBC - 14 hours ago -
Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares
Warnings of slowing Azure growth and rising data centre costs dampen initial optimism on tech giant’s quarterly earningsBusiness - Financial Times - 5 hours ago -
China’s economy grows 4.6% in third quarter
Lowest figure in year and a half comes as Beijing steps up stimulus effortsBusiness - Financial Times - October 18 -
Hermes outperforms rivals as sales climb in the third quarter
Luxury goods group Hermes International outperformed rivals as it grew sales despite headwinds in China.Business - MarketWatch - 6 days ago -
Eurozone economy grows 0.4% in third quarter
Figure beats expectations of 0.2% expansionBusiness - Financial Times - 19 hours ago -
GDP Report Shows US Economy Grew at 2.8% Rate
In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.Business - The New York Times - 14 hours ago