News: Companies
In this section, we delve into the dynamic corporate world, bringing you the most recent updates from global companies. Our coverage spans a broad spectrum, encapsulating latest quarterly results, unveiling of new products, corporate amalgamations, and acquisitions. We also keep you informed on changes in analyst ratings, adjustments in price targets, submissions to regulatory bodies, and acquisition of new licenses, amidst a host of other significant business events.
Sony Profits Soar on Strength of Spider-Man Franchise Despite PlayStation Problems
Sony Group of Japan reported Wednesday that operational profit increased 32% to JPY465.2 billion ($4 billion) in the December quarter, owing to the international popularity of its "Spider-Man: No Way Home" film.
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Air Taxi CEO: Fully-Autonomous Plane Market Could Reach $4 Trillion By 2035
Whether you commute by automobile, taxi, or public transit, the hustle-bustle of urban areas may make getting around the city time-consuming and expensive. An advanced air mobility (AAM) firm, Wisk Aero may have the answer — a driverless, electric flying taxi.
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Some U.S. Companies Depart Hong Kong. There Are Worries Over Politics And The Pandemic
At the same time, the number of mainland Chinese enterprises, who were long minor participants in the financial hub's commercial landscape, has risen to almost equal that of the United States (252) and is set to exceed businesses in 2022.
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Goldman Sachs Expecting Five Rate Hikes This Year
After this week's statistics, analysts changed their inflation path predictions, as "Chairman Powell's statements previously this week openly admitted that the Federal Reserve authorities are ready to a more aggressive tempo of tightening."
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Chip Armageddon Reveals How Terrifyingly Fragile the U.S. Supply Chain Actually Is
According to a new report issued Tuesday by the Department of Commerce, the average inventory of semiconductor chips has decreased from 40 days in 2019 to less than five days in 2021. Certain critical industries were particularly strained.
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Us-China Tech War: Shenzhen To Establish International Sourcing Platform For Semiconductors As Global Chip Shortage Persists
With critical online and physical infrastructure, the authorities want Shenzhen-based enterprises to group with each other and acquire bigger influence when purchasing hardware, electronic parts, and raw materials.
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Stock Market News Live Updates: S&P, Dow Close Slightly Lower Following Fed Decision
"With inflation well over 2% and a healthy employment market, the Committee believes it will be reasonable to raise the target range for the federal funds rate," the Federal Open Market Committee declared in a report.
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