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Meta Posts $4.2 Billion Restructuring Charge
Posted inAdvertising and Marketing Company Reports Computers and the Internet Facebook Inc Instagram Inc Meta Platforms Inc Mobile Applications Social Media Virtual Reality (Computers)

Meta Posts $4.2 Billion Restructuring Charge

The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.
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Posted by By Mike Isaac
Oil Giants, After Surge in Profits, Are Wary About Spending
Posted inBP Plc Chevron Corporation Company Reports Exxon Mobil Corp Halliburton Company Natural Gas Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russian Invasion of Ukraine (2022) Stocks and Bonds

Oil Giants, After Surge in Profits, Are Wary About Spending

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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Posted by By Clifford Krauss
Snap’s Growth Slows Further Amid Tech Downturn
Posted inAdvertising and Marketing Company Reports Computers and the Internet Online Advertising Snap Inc Social Media Spiegel, Evan

Snap’s Growth Slows Further Amid Tech Downturn

The maker of Snapchat also swung to a loss in the latest quarter and declined to provide financial guidance.
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Posted by By Kalley Huang
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs
Posted inBarra, Mary T Company Reports Electric and Hybrid Vehicles General Motors Lithium (Metal) Lithium Americas Corp Sports Utility Vehicles and Light Trucks Stocks and Bonds

GM Posts Solid Profit as It Pushes to Take On Tesla in EVs

Aiming to make a million electric vehicles a year by 2025, General Motors is investing in a Nevada lithium mine to help with battery production.
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Posted by By Neal E. Boudette

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