Finance

As geopolitical tensions rise around the world, defense contractors like RTX, which specializes in commercial aircraft systems and defense products and weapons, are seeing their sales pick up. RTX said on Tuesday that it now has a $218 billion backlog for its commercial […]

Norway’s $1.8 trillion wealth fund ended 2024 with a tech-heavy top ten, just as the success of the artificial intelligence model developed by Chinese startup DeepSeek raises the specter of a correction in the AI-driven stock rally. With technology stocks […]

Swatch Group AG profit fell sharply as the watch industry continues to struggle with weakness in Chinese consumer demand. Operating profit declined 75% to 304 million Swiss francs ($335 million) in 2024, below analyst estimates, it said in a statement […]

Microsoft reported revenue of $69.6 billion, up 12% year over year. In spite of the reported growth, stocks fell 4.2% this morning as investors closely watch AI expenditures after this week’s upset from Chinese startup DeepSeek. Nadella, for his part, claimed the […]

Customers want to be heard. It’s a simple but universal truth, Ashwin Singhania recently told me over Zoom. “Customers are hungry to share their voice,” Singhania, cofounder of customer intelligence startup Unwrap, told Fortune. “They want to be heard, and they’re […]

he US economy grew at a slower-than-expected pace in the fourth quarter. The Bureau of Economic Analysis’s advance estimate of fourth quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.3% during the period, below the […]

Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a tech rally. The fund’s 2024 profit surpassed the record set a year earlier, when it […]

President Trump’s tariff threats to pressure Colombian President Gustavo Petro to accept U.S. deportation flights served as a warning to the entire region. But while Petro attempted to stand up to Trump — with only mixed results — Mexico, the […]

Starbucks (SBUX) is set to eliminate a significant number of drinks and food options in the coming months as part of the company’s plan to simplify its offerings, reduce wait times and improve its customer experience. CEO Brian Niccol outlined […]

BMW expects its earnings before taxes in the fourth quarter to be significantly below last year and for its full-year margin to be in the lower half of its 6-7% target, according to slides posted on the carmaker’s website on […]