While the company is on track to exceed the goal or reducing structural costs by $175M this year, the company recently launched a benchmarking initiative that has already identified additional cost savings to further lower our breakeven point in 2013. Navistar's manufacturing cash guidance for the end of the second quarter ranges from $1B-$1.1B.
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
Intel reported its Q1 earnings on Thursday, beating analysts' estimates. But a disappointing outlook sent shares sliding.
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
Alphabet reported Q1 earnings on Thursday.
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated, sending its shares up 21% in after-market trading. The company has historically struggled to compete against much larger rivals like Facebook owner Meta Platforms for digital ad revenue. In a letter to shareholders, Snap said its business was improving faster than it expected due to the upgrades of its ad system and higher demand for features that help brands drive sales or website clicks.
Alphabet also said it had authorized the repurchase of up to an additional $70 billion of its Class A and Class C shares. It also beat Wall Street estimates for first-quarter revenue on Thursday, powered by rising demand for its cloud services on the back of increasing adoption of artificial intelligence and steady advertising spending. Meanwhile, Google Cloud revenue grew 28% in the first quarter, boosted by a boom in generative AI tools that rely on cloud services to deliver the technology to customers.
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
(Bloomberg) -- Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsHow to Get a Meeting With the UAE’s $1.5 Trillion ManZuckerberg Asks for Patience as
