DoorDash disappoints Wall Street with downbeat quarterly core profit Shares of DoorDash sank more than 14% in extended trading on Wednesday after it projected second-quarter core profit below estimates, signaling that higher costs were offseting some gains from rising ... 05/1/2024 - 9:07 am | View Link
LyondellBasell first quarter profit flat, sales slip LyondellBasell Industries showed a small sales drop in the first quarter of 2024, even as the firm's profit was flat vs. the same quarter in 2023. 04/26/2024 - 4:58 am | View Link
Chevron Posts Revenue, Profit Decline as Lower Natural Gas Prices Hit Margins Chevron reported first-quarter results that showed year-over-year declines in profit and revenue as lower natural gas prices and slim margins on refined products impacted the company's performance. 04/26/2024 - 12:48 am | View Link
Meta Q1 Revenue Jumps 27% and Profit Doubles to $12.4 Billion, Stock Falls on Weak Outlook Social-media powerhouse Meta punched in huge sales growth for the first quarter of 2024, as Mark Zuckerberg’s “year of efficiency” job cuts last year paid off with net income more than doubling. The ... 04/24/2024 - 9:15 am | View Link
CSX Revenue, Profit Fall Despite Rising Freight Volumes Intermodal volume led the railroad’s volume gains in the first quarter with 7% year-over-year growth. 04/17/2024 - 8:54 am | View Link
The agency barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices.
On Thursday U. S. regulators gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices.
While sales of the blockbuster drug nearly doubled, the results still fell short of analysts’ expectations as the company faces competition from Eli Lilly.
Danish drugmaker Novo Nordisk, the creator of Ozempic and Wegovy, announced a shocking statistic Thursday: Over 25,000 people begin Wegovy each week. The number is five times larger than the numbers from December—about 5,000 new users a week.
Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty)
Apple's earnings report for the second quarter of the company's 2024 fiscal year showed a slide in hardware sales, especially for the iPhone. Nonetheless, Apple beat analysts' estimates for the quarter thanks to the company's rapidly growing services revenue.
iPhone revenue dropped from $51.33 billion in the same quarter last year to $45.96 billion, a fall of about 10 percent.
The type of work AI was used for the most included marketing tasks, customer service chatbots, getting computers to understand human languages, text and data analytics, and voice recognition.
The rate of businesses in the U. S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U.
Gastamo Group is keeping its plate full.
The Denver-based restaurant group is opening a third Lady Nomada in Central Park, bringing Homegrown Tap & Dough to Parker and opening two of its concepts in the former C. B. Potts in Westminster, according to owners Jean-Philippe Failyau and Peter Newlin.
“In the city of Denver, if we don’t do a project there are five other people behind us that will,” Newlin said.
By MIKE SCHNEIDER (Associated Press)
The rate of businesses in the U. S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U. S. Census Bureau researchers.
Overall use of AI tools by firms in the production of goods and services rose from 3.7% last fall to 5.4% in February, and it is expected to rise in the U.