Shares of Facebook parent Meta Platforms, Inc. $FB: $237.09(-0.28%) closed more than 26% lower on Thursday, wiping out nearly $230 billion from its market value after the company’s revenue growth outlook for the next quarter came below the expectations.

The company’s quarterly results reflected the…

Google’s parent company Alphabet posted a 41% year-on-year rise in its annual revenue for the fiscal ended December 2021. It reported $257 billion in revenue against $182 billion posted a year ago. The pandemic added to the expansion of digital transformation across sectors.

Earnings Per Share for the full…

SeaWorld Entertainment Inc., a theme park & entertainment company, has offered $3.4 billion to Cedar Fair to acquire it. As per the Bloomberg report, SeaWorld has put up $60 per unit in cash for Sandusky, Ohio-based Cedar Fair, as per the sources, who informed the leading daily, on the condition of anonymity.

Shares of Cedar Fair jumped more than 13%…

The U.S. economic growth outpaced the expectations, ending 2021 at a higher note on the back of an increase in inventories and consumer spending.

Gross domestic product, the sum of all goods and services produced during the Oct-Dec quarter, grew at an annual rate of 6.9%, “advance” estimate released by the Bureau of Economic Analysis.…

ATT the stock fell nearly 9% after the company reported a 10.4% year-over-year fall in consolidated revenues at $41.0 billion for the fourth quarter ending December 31, 2021, as against $45.7 billion in the year-ago quarter. However, it exceeded Wall Street expectations of $40.44 billion.

The ATT stock opened at $26.98 and closed at $24.25.

The…

Meta Platforms, Inc. $FB: $300.15(-2.77%) has designed and developed an AI Research SuperCluster (RSC), an AI supercomputer that is believed to be one of “the fastest in the world” once fully built out in mid-2022, the company announced in a blog post.

RSC will help Meta’s AI researchers build better AI…

General Motors Company $GM: $53.28(-2.51%) is expected to announce a $6.5 billion investment in two Michigan sites, leading to the creation of 4,000 jobs in the state, reported the news agency-Associate Press.

The state’s economic development board is likely to okay an incentives package on…

The shares of Netflix, Inc. $NFLX: $397.50(-21.79%) slumped more than 23% in Friday’s intraday trade on NASDAQ despite its earnings coming better than expected in the fourth-quarter results.

The revenue for the quarter ended December 31, 2021, matched the estimates. But,…

In the wake of fading consumer demand, Peloton Interactive, Inc. $PTON: $24.22(-23.93%)

has decided to halt the production of its connected fitness products as it aims to control costs, as per the internal documents obtained by…

The Procter & Gamble Company $PG: $162.00(3.36%) on Wednesday posted better-than-expected second-quarter earnings and revenue as price hikes mitigated higher commodity and freight costs.

The company not only revised its outlook for sales growth but also raised alarms on inflation that may…

The Goldman Sachs Group, Inc. $GS: $347.32(-2.00%) on Tuesday reported its fourth-quarter earnings, wherein profits fell short of analysts’ expectations owing to the 23% increase in operating expenses that includes higher compensation for Wall Street workers and larger litigation reserves.

Net…

The chairman of Credit Suisse Group AG $CS: $10.55(0.38%), Antonio Horta-Osorio, has resigned from the bank following reports that he has violated the Covid related quarantine rules.

Mr Horta-Osorio, who joined the bank just nine months ago, resigned effective immediately following an…

GlaxoSmithKline plc $GSK: $45.47(0.91%) has turned down the unsolicited 50 billion pounds ($68.4 billion) acquisition offer from Unilever PLC $UL: $54.29(1.14%) for its consumer goods, arms reported Britain’s Sunday Times earlier on…

U.S. retail sales fell the most in 10 months in December, overwhelmed by shortages and mounting COVID-19 infections, which might dampen the expectations that the economic growth picked momentum in the fourth quarter.

Retail sales failed the expectations, plummeting 1.9% last month, marking the sharpest…

Global PC shipments in 2021 increased 9.9% to 339.8 million units. However, PC shipments in the last quarter totalled 88.4 million units, a 5% decrease from the year-ago period, says the report by Gartner, Inc. After six back-to-back quarters of growth, it is the first time that a slowdown has come.

In another report by…

The United States Consumer Price Index ( CPI), an indicator that measures the fluctuations in prices of a basket of goods and services, increased 7% on a year-over-year basis, the fastest increase since June 1982. On a monthly basis, the index advanced 0.5 per cent in December on a seasonally adjusted basis, after surging 0.8 percent in November, according to the…

The shares of CVS Health Corporation $CVS: $106.04(0.93%) advanced to a 52-week high on the NYSE in Tuesday’s intra-day trade on the announcement that the company has revised the 2021 earnings forecast and reaffirmation of prior guidance for 2022. It came on the heels of improved performance by the…

Shares of Lululemon Athletica Inc. $LULU: $348.43(-1.91%) bled red after the athletic apparel retailer released a statement stating that the lack of human resources and reduced operating hours in certain locations will weigh on its fiscal fourth-quarter financial results. Now, it expects its earnings…

The head of Communications at Facebook parent Meta Platforms, Inc. $FB: $331.79(-0.20%)

John Pinette is bidding adieu to the company, the social media company said late on Friday.

Chris Norton, vice president of international communications, will hold the role on an interim basis, a Meta…

The shares of The New York Times Company $NYT: $42.71(-10.69%) fell a day after the company announced that it has agreed to acquire The Athletic, the global digital subscription-based sports media business, for $550 million in cash, subject to usual closing adjustments.

The shares of the New York Times…