Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty ImagesMark Zuckerberg started Meta's earnings call by talking about artificial intelligence. Then he moved onto the metaverse, touting his company's headsets, glasses and...
Ford Motor on Wednesday evening delivered higher than expected profits in the first quarter, driven by strength in its commercial business. Positive updates to its full-year outlook helped send shares rallying by roughly 2.5% in after-hours trading. Automotive revenue increased 2% year over year, to $38.89 billion, missing analysts'...
Chipotle is launching Farmesa Fresh Eatery first at Kitchen United's upcoming Santa Monica location.Source: Chipotle Mexican GrillChipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens.A little over a year ago, Chipotle announced the opening of its first Farmesa location at...
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersA Russian court sided with state-run lender VTB Bank in its...
Check out the companies making headlines after the bell : Align Technology — The orthodontics technology company added 3.6% after beating analysts' expectations for its first-quarter results. Align posted adjusted earnings of $2.14 per share on revenue of $997.4 million, higher than the $1.97 in earnings per share on...
The logo of Chipotle Mexican Grill is seen in Manhattan, New York.Shannon Stapleton | ReutersChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, fueled by higher traffic to its restaurants.The stock rose 4% in extended trading.Here's what the company reported compared with what Wall Street was...
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM shares slipped as much as 6% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp...
The U.S. economy likely expanded at a solid pace in the first three months of the year and perhaps even better than Wall Street expects, while still below the robust level that closed 2023. Gross domestic product, the sum of all goods and services produced across the sprawling domestic...
Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping...
