Nokia Oyj reported better-than-expected earnings, saying demand for their products “remains robust” even amid a weaker macro-economic backdrop with phone carriers set to take a more cautious approach to spending on 5G networks.
Global smartphone shipments fell sharply in the fourth quarter of 2022, due to weak economic conditions and soft consumer demand, according to market research firm IDC.
Southwest Airlines reported a $220 million loss for the fourth quarter, after the holiday meltdown cost the company millions in expenses. This drove up the company's expenses and caused the stock to drop by 2.1%.
NBCUniversal said its Peacock streaming service grew its paying-customer base by a third in a single quarter but lost nearly $1 billion over the period, contributing to a decline in profitability at its media unit.
Gautam Adani's conglomerate has diversified into everything from green energy to media, and his fortune has soared by $40 billion in the last year. He has ambitious expansion plans from Israel to Morocco.
This week, World closed its popular Splash Mountain ride to remove references to a 1940s movie with racist themes.
The IPO market effectively shuttered in 2022, with proceeds shrinking 93% from 2021 to its lightest year in three decades.