MariBank, Singapore tech giant Sea Group's digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesSoutheast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to...
Supply chain disruptions are causing a production backlog at the world's largest truckmaker, Daimler Trucks.Bloomberg | Getty ImagesShares of Daimler Truck hit a fresh all-time high Friday, spiking more than 13.5% in early deals, after posting record full-year profit and announcing a 2 billion euro ($2.16 billion) share buyback...
Matthew Busch | Bloomberg | Getty ImagesShares of Dell Technologies popped more than 15% during extended trading Thursday after the company released fourth-quarter results that beat analysts' estimates and showed strong demand for its artificial intelligence servers.Here's how the company did:Earnings per share: $2.20 adjusted vs. $1.73 expected by...
Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty ImagesBirkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand.Here's how the shoemaker...
A view of iQiyi's website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora.Speaking...
Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesHiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action.The world's biggest brewer on Thursday recorded annual revenue of $59.38 billion, up 7.8%,...
Marc Benioff, co-founder and CEO of Salesforce, speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesSalesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light...
Frank Slootman, CEO of Snowflake, on the day of the company's initial public offering on Sept. 16, 2020.CNBCSnowflake said Wednesday that CEO Frank Slootman, 65, is retiring, and will be replaced by former Google ad chief Sridhar Ramaswamy. The shares plunged 20% in extended trading.Ramaswamy, 57, spent 15 years...
A HomeGoods shopping cart area in front of a T.J. Maxx store in Pinole, California, US, on Wednesday, May 3, 2023.David Paul Morris | Bloomberg | Getty ImagesTJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Here's how TJX did...
In this photo illustration, a Beyond Meat produced, burger, meatball as well as a chicken nuggets lay on a table on November 21, 2022 in Miami, Florida. Joe Raedle | Getty ImagesBeyond Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in...