India is confident that its new electric vehicle policy measures will open up the market to more global players, said the country’s secretary of the Department of Promotion of Industry and Internal Trade. Last month, the government rolled out key initiatives aimed at bolstering the country’s position in EV manufacturing. “It involves concessional tariffs for […]
Amy Hood, chief financial officer at Microsoft, speaks during a presentation on affordable housing in Bellevue, Washington, on Jan. 17, 2019. Chona Kasinger | Bloomberg | Getty Images Microsoft is increasing spending at a rate not seen since at least 2016. It still might not be enough. In its earnings report on Thursday, Microsoft said […]
Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019. Drew Angerer | Getty Images News | Getty Images Mark Zuckerberg’s net worth plunged by $18 billion Thursday after comments from the Meta CEO on the earnings call sent his company’s […]
CNBC’s annual Stock Draft kicked off Thursday on ” Power Lunch ,” with candidates gunning for a variety of investments from bitcoin to AI plays . The annual stock-picking competition pits financial professionals, athletes and celebrities against each other, as each of the 10 teams are asked to pick two names from a list of […]
Stocks sold off Thursday aHoweverfter the latest economic data came in weaker than expected, but some observers say that the reaction was overdone. The major benchmarks slid Thursday after quarterly U.S. gross domestic product came in at the slowest pace in two years and inflation stayed stubbornly above target, spurring fears of stagflation that could […]
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more […]
Intel CEO Pat Gelsinger, holding an Intel chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024. Mandel Ngan | AFP | Getty Images Intel reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, but came up light in […]
Google and Alphabet CEO Sundar Pichai departs federal court on October 30, 2023 in Washington, DC. Pichai testified on Monday to defend his company in the largest antitrust case since the 1990s. Drew Angerer | Getty Images News | Getty Images Alphabet said Thursday that it’s issuing a 20-cent per share dividend, the company’s first ever, and […]
