Alibaba shares fall 3% as AI spending drives 75% drop in net income
China’s Alibaba on Thursday posted a 75% fall in profits for the June quarter as AI spending weighed…
Oil: Aramco second-quarter profits jump as Iran war squeezes supplies
Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the…
Rolls-Royce says defense, data centers and nuclear underpin next phase of growth
Rolls-Royce is riding two of the biggest investment themes in global markets: the defense boom and the AI…
Shell posts best quarterly profit in four years as Iran war boosts oil, gas prices
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Shell…
Volkswagen profit falls, revises down full-year revenue outlook
A German national flag on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March…
ASML hikes sales forecast on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year and reported stronger-than-expected quarterly results as…
Alibaba’s core profit plunges even as AI and cloud growth accelerate
Jaap Arriens | Nurphoto | Getty Images Alibaba on Wednesday said its core profitability plunged in the March…
SoftBank posts $46 billion gain at Vision Fund driven by OpenAI bet
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in…
Sony targets profit growth despite slowdown in PlayStation 5 sales
Japanese entertainment giant Sony on Friday said it expects annual profit to rise as revenue from some business…
Barry Callebaut issues profit warning as cocoa prices fall
Barry Callebaut AG ruby natural chocolate discs are displayed at the Sweets & Snacks Expo in Chicago, Illinois,…
Sales set to grow up to 45% in 2026
German Rheinmetall MAN tactical military transport vehicles parked in the Edvard Peperko military barracks. Luka Dakskobler | Lightrocket…
Sportswear giant Adidas drops 8% after profit guidance disappoints
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany,…