Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
Category: Company Reports
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Ford Said Sales in January Increased 2%
The New York Times – Business:The company’s deliveries of electric vehicles more than doubled, compared with the same month a year earlier.
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Shell’s Profit Soared to $42 Billion in 2022
The New York Times – Business:The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach” to renewable energy.
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Oil Giants, After Surge in Profits, Are Wary About Spending
The New York Times – Business:Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
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Bed Bath & Beyond Says It Defaulted on Debt Payments
The New York Times – Business:The disclosure was the most salient sign of financial strain yet for the beleaguered retailer, which is exploring a possible bankruptcy filing.
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Southwest Lost $220 Million Because of Holiday Meltdown
The New York Times – Travel:The airline canceled 16,700 flights before and after Christmas as it struggled to recover from bad weather.
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Tesla Bulls Take Heart From Strong Profits
The New York Times – Business:Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.