Business / Economy / Markets – Page 2

Apple Q3 earnings beat estimates: Profit at $23.4 billion despite tariff headwinds, iPhone sales soar

Apple on Thursday reported quarterly profit of $23.4 billion, topping forecasts despite concerns about the effect of US tariffs on its supply chain.Revenue was $94 billion for the usually slow…

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Business / Economy / Markets

Amazon Q2 profit jumps 35% to $18.2 billion, driven by AI and AWS growth

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.The Seattle-based company posted net profit of $18.2…

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Business / Economy / Markets

Trump Asks Bank CEOs to Pitch on Fannie, Freddie Stock Offerings

President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there’s a chance at a big payday…

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Business / Economy / Markets

Lumen narrows loss, lifts free cash flow forecast on tax savings

July 31 (Reuters) - Lumen Technologies on Thursday reported a smaller-than-expected second-quarter loss and raised its full-year free cash flow forecast by more than 60%, helped by cost savings from…

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MercadoLibre’s Galperin to Focus on AI Projects After CEO Change

(Bloomberg) -- Marcos Galperin, co-founder of MercadoLibre Inc., said he’ll focus on artificial intelligence projects after stepping down as CEO, as part of a leadership transition at the e-commerce and…

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Deepinder Goyal’s LAT Aerospace eyes India-made gas turbine engine; wants engineers who can ‘build, break, and repeat’

Eternal-owned Zomato's founder, Deepinder Goyal, on Thursday announced in a social media post that LAT Aerospace, an aviation startup backed by him, is setting up a propulsion research team in…

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Tata Group-owned Jaguar Land Rover’s CEO Adrian Mardell to step down, successor to be announced soon

Jaguar Land Rover Chief Executive Officer Adrian Mardell is leaving the maker of luxury sport utility vehicles, as it grapples with higher US tariffs and a controversial makeover of the…

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