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…
BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’
Britain’s BP on Tuesday reported a sharp upswing in second-quarter profit, as energy supermajors reap massive profits from…
Autos: Stellantis swings to profit on rising demand in North America
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami,…
Shell posts best quarterly profit in four years as Iran war boosts oil, gas prices
British energy major Shell on Thursday reported stronger-than-expected second-quarter profit, benefitting from the jump in oil and gas…
ASML hikes sales forecast on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year as its customers continue to ramp…
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…
Shell tops profit estimates as Iran war drives crude price surge
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Brandon…
ASML raises 2026 guidance as AI chip demand stays strong
ASML raised its sales forecast for 2026 after it beat first-quarter revenue and profit expectations, driven by continued…
Heineken to slash up to 6,000 jobs in AI ‘productivity savings’
Dutch brewer Heineken is planning to lay off up to up to 7% of its workforce, as it…