On a notable trading day, shares of Anheuser-Busch InBev (AB InBev), the globe’s largest beer producer, surged by nearly 9% following the announcement of its fourth-quarter earnings, which exceeded analysts’ expectations. The company, famed for its extensive portfolio including iconic brands such as Budweiser, Corona, and Stella Artois, reported revenue of $14.84 billion for the
Earnings
As Nvidia prepares to unveil its fourth-quarter financial results, the anticipation is palpable. Set to be announced after the bell on Wednesday, these results are expected to encapsulate a spectacular fiscal year for the graphics processing giant. Analysts project Nvidia will report approximately $38 billion in sales for the quarter ended January, marking an impressive
In a significant legal confrontation, Chegg, a prominent player in the online education space, has initiated a lawsuit against tech giant Google. The suit, filed in a federal district court, alleges that Google’s artificial intelligence (AI) search results have detrimental effects on Chegg’s web traffic and revenue streams. This strategic move comes almost two years
In a recent letter to shareholders, Warren Buffett emphasized Berkshire Hathaway’s enduring commitment to its investments in Japan, marking a significant strategic evolution. Originally, Berkshire had maintained a limit on ownership at 10% for each of the five Japanese trading companies in its portfolio: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. However, as Buffett noted, the
The recent nosedive in Walmart’s stock value has caused a stir among investors and market watchers alike. With nearly a 9% drop in a single week, and more than 6% on the day earnings were announced, the significant sell-off has raised eyebrows. Former Walmart U.S. CEO Bill Simon has been vocal regarding these developments, viewing
On Friday, Alibaba’s share prices in Hong Kong experienced a significant surge, reflecting the robust quarterly performance of the company. The Chinese tech titan registered an impressive growth in its cloud Intelligence and e-commerce operations that defied the precarious economic landscape in China. As investors caught wind of these favorable results, Alibaba’s stock surged by
In the continually evolving landscape of global business, toy and gaming giant Hasbro is confronting the challenges posed by U.S. tariffs on its manufacturing processes with a resolute and optimistic strategy. The recent remarks from Chief Financial Officer Gina Goetter during the company’s fourth-quarter earnings call indicate a proactive approach towards navigating these complexities. Reallocating
HSBC, Europe’s largest banking institution, reported its annual financial results that portrayed a mixed picture on Wednesday. The bank’s pre-tax profit saw a modest increase of 6.5%, reaching $32.31 billion, resisting the downward trend suggested by its revenue figures which slipped to $65.85 billion from $66.1 billion in the previous year. The profit margin narrowly