Tesla’s Profit Jumped 12% in Fourth Quarter

Tesla said Wednesday that profit in the fourth quarter of 2022 rose 12 percent from the previous quarter, above Wall Street expectations, capping a tumultuous year that included intensifying competition,…

Microsoft quarterly profit falls 12% but cloud computing business shows strength

CNN  —  Microsoft on Tuesday posted weaker-than-expected revenue and a double-digit percentage drop in profit for the final three months of last year amid broader economic uncertainty and reduced demand…

Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent

Microsoft on Tuesday reported its slowest growth in six years and cautioned that a broader slump will continue as both consumers and businesses put the brakes on spending. The technology…

Samsung estimates quarterly profit sank to 8-year low on demand slump

Seoul Reuters  —  Samsung Electronics flagged on Friday its quarterly profit tumbled to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic…

Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade

Home Depot, for its part, also reported on Tuesday that sales and profits last quarter were stronger than analysts expected, with higher prices offsetting a decline in transactions. It stuck…

Meta’s stock falls 17% as its quarterly profit is cut in half

New York CNN Business  —  Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at…

Meta Reports First Revenue Decline and 36 Percent Profit Drop

SAN FRANCISCO — For years, Facebook’s sales grew without fail and kept on growing, defying the laws of gravity even as the company was battered by scandals over privacy and…

Target Will Cut Prices to Clear Out Unwanted Inventory, Taking a Profit Hit

Target plans to cut prices and cancel orders to clear out unwanted inventory, announcing a series of steps on Tuesday to combat inflation and supply chain disruptions. The actions would…

Saudi Aramco cashes in on rising oil prices as profit jumps 80 percent.

Saudi Aramco, the national oil company of Saudi Arabia, reported on Sunday net income of $39.5 billion for the first quarter of 2022, a jump of about 80 percent from…

Sheldon Krimsky, Who Warned of Profit Motive in Science, Dies at 80

Sheldon Krimsky, a leading scholar of environmental ethics who explored issues at the nexus of science, ethics and biotechnology, and who warned of the perils of private companies underwriting and…