Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least US$2 billion improvement from prices for oil and gas driving profits, the company signaled in a securities filing on Wednesday.
From delayed car deliveries to a supply shortfall in home appliances to costlier smartphones, businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips.
DETROIT :Ford Motor Co said on Wednesday, while announcing the latest North America production cuts at seven assembly plants due to the global chip shortage, that it would provide an update on April 28 to the expected hit to its 2021 profit.
A dismal London stock market debut for Deliveroo, coming on the heels of other lukewarm listings, may be a sign that investors are becoming more discerning when it comes to buying shares in companies that have yet to turn a profit.
Microsoft on Wednesday (Mar 31) said it has won a deal to sell the US Army augmented reality headsets based on its HoloLens product and backed by Azure cloud computing services.
The US Securities and Exchange Commission (SEC) has started a preliminary investigation into Bill Hwang following the collapse of New York-based Archegos Capital Management, Bloomberg News reported on Wednesday, citing a person familiar with the matter.
Technology shares led the S&P 500 to a record high on Wednesday, and the three major Wall Street indexes were set to post their fourth straight quarterly gains, as investors awaited details of President Joe Biden's massive infrastructure plan.
A dismal London stock market debut for Deliveroo, coming on the heels of other lukewarm listings, may be a sign that investors are becoming more discerning when it comes to buying shares in companies that have yet to turn a profit.
From delayed car deliveries to a supply shortfall in home appliances to costlier smartphones, businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips.
Boeing Co Chief Executive Dave Calhoun said on Wednesday he believed a longstanding aircraft subsidy dispute with Europe can be resolved, but raised concerns about deteriorating trade and political relations between the United States and China.
