NEW YORK — A little over a year ago, the New York City art dealer Robert Rogal received a visit to his private showroom from a young woman, who seemed eager to offload a family heirloom. Introducing herself as Karolina Bankowska, she carried a framed painting signed by Andrew Wyeth, resembling the watercolor landscapes the…
Microsoft shares slipped 2% on Wednesday after the software maker reported lower-than-expected capex even as earnings and revenue topped estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.27 adjusted vs. $4.06 expected Revenue: $82.89 billion vs. $81.39 billion expected Microsoft’s revenue grew 18% year over year in the quarter,…
Chris Ratcliffe | Bloomberg | Getty Images Uber is breaking into the travel industry. The company on Wednesday announced several new products at its annual Go-Get event in New York as it looks to attract more users to its platform and push to differentiate beyond its mainstay ride-hailing business. Rather than focusing on its ambitious…
AstraZeneca and GSK, the U.K.’s second and ninth most valuable companies, both saw first-quarter profits beat expectations early Wednesday. Source link
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC. As oil prices have skyrocketed and supply chains have been heavily disrupted by conflict in the region, the future of huge digital infrastructure plans in the Middle…
File: Visitors pass an Airbus SAS A320 aircraft on the second day of the Farnborough International Air Show in Farnborough, U.K., on Tuesday, July 10, 2012. Matthew Lloyd | Bloomberg | Getty Images Airbus reported quarterly profits that halved from a year ago late Tuesday, as deliveries of its best-selling aircraft slowed. First-quarter sales came…
Sebastien Bozon | Afp | Getty Images The last time tech’s hyperscalers addressed Wall Street, three months ago, they announced plans to collectively spend well over half a trillion dollars this year to build out their artificial intelligence infrastructure. That was before the U.S. invaded Iran, causing oil prices to spike, and leading to a…
Novartis‘ CEO warned Tuesday that the U.S. drug pricing policy under President Donald Trump poses a “very difficult situation” and the reality will soon catch up with both drugmakers and patients. “The longer-term implications are significant,” CEO Vas Narasimhan told CNBC’s Carolin Roth. “The reality of MFN is going to set in in the next…
The world’s largest car carrier, BYD ”Shenzhen”, loads over 7,000 BYD new energy commercial vehicles at Haitong Terminal in Taicang Port Area, Suzhou Port, and sets sail for Brazil in Taicang City, Jiangsu Province, China, on April 27, 2025. Nurphoto | Nurphoto | Getty Images Electric car giant BYD has become the first Chinese business…
A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022. Anton Vaganov | Reuters British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in an output-boosting deal valued at $16.4 billion. The transaction will…