Daily Management Review
Business & Finance

TotalEnergies' profit falls by 21%

TotalEnergies concluded 2024 with a revised net income of $18.3 billion. According to its financial report, the profit of the French energy company decreased by 21% in comparison to 2023. The organization attributes the decline in profits to the influence of a high base: oil prices and demand for...

Cigna's Strategic Overhaul: Navigating Accountability and Patient-Centric Reforms in Health Insurance

In response to mounting public criticism over medical care denials and delays, Cigna Group has announced a series of initiatives aimed at restoring trust and enhancing patient satisfaction. These measures include increasing staff in customer-facing roles, linking executive compensation to customer...

Intel's Strategic Struggles Amidst Leadership Transition And Market Challenges

Intel, once the dominant player in the global semiconductor market, has been navigating a difficult period marked by financial setbacks, leadership turmoil, and increased competition, particularly from rivals like Nvidia. Despite a December-quarter performance that exceeded analysts' low...

Reevaluating AI Investment Strategies: Lessons From DeepSeek's Emergence*

The recent advancements by Chinese startup DeepSeek have prompted a critical reassessment of investment strategies within the artificial intelligence (AI) sector. DeepSeek's ability to develop high-performing AI models with minimal financial outlay challenges the prevailing notion that substantial...

Norway's pension fund sees record profits of $222 billion

Norway's Government Pension Fund Global (GPFG), the largest pension fund globally with assets totaling $1.8 trillion, achieved a historic return of $222 billion in 2024, as reported by Norges Bank Investment Management (NBIM), the division of the Norwegian central bank overseeing the fund. “The...

Nvidia loses over $600 billion in capitalization amid the success of China's DeepSeek

Shares of American semiconductor company Nvidia, known for its focus on artificial intelligence, dropped by 17.8%, resulting in a capitalization loss of approximately $620 billion, reports the Financial Times. The newspaper observes that this set a record for the firm regarding the loss of market...

Rolls-Royce awarded $11 billion contract for nuclear submarine reactors

The UK Ministry of Defense revealed that it has awarded a contract to the British firm Rolls-Royce Holdings for the designing, building, and technical assistance of nuclear reactors for the Royal Navy's nuclear submarines. It will be valued at $11 billion - the biggest contract of its kind between...

Spotify founder's biotech startup raises $260 million to open clinics in US

Neko Health, a company focused on body-scanning diagnostics, has secured $260 million to launch its clinics across the US, according to the Financial Times, referencing the startup's founder Daniel Ek, who is also the CEO of Spotify. Ek established Neko in Sweden in 2018 along with businessman...

Denmark's Orsted announces $1.7 billion in write-downs in the US

Orsted, the largest wind farm operator globally in terms of the number of plants, will decrease the value of its US division by $1.7 billion. The Danish firm revealed the decision in a report featuring preliminary financial results for 2024, citing high interest rates, supply chain problems, and...

Melania Trump follows her husband in launching her own memecoin

Melania Trump joins her husband by introducing her own memecoin. Melania, the spouse of US President-elect Donald Trump, has revealed the debut of her own cryptocurrency, the $MELANIA memecoin. Mr. Trump revealed the introduction of his personal memecoin named $TRUMP on Saturday, January 18....
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