According to Uber Technologies Inc.'s financial reports, the company's net loss attributable to shareholders for 2022 climbed 18.4 times from the value for 2021 to $9.141 billion. Following a loss of $0.26 the previous year, the diluted loss per share was $4.64. In contrast, revenue increased 1.8...

According to retailers, consumer goods companies, and investors, shoppers around the world will pay even more for groceries this year than they did in 2022, unless commodity costs fall or the shift to cheaper store-brand products accelerates.   Retailers and consumer goods manufacturers have...

Pharmaceutical companies that made billions selling vaccines and treatments during the pandemic are now facing a steep COVID cliff and investor pressure to spend their windfalls wisely.   Pfizer Inc, BioNTech SE, Moderna Inc, Gilead Sciences Inc, AstraZeneca Plc, and Merck & Co are...

The FTX Group, which filed for bankruptcy in November, asked American politicians to return tens of millions of dollars in political contributions made by last fall. Politicians and organizations that had received cash donations from Sam Bankman-Fried's cryptocurrency startup have already received...

After a difficult 2022 in which advertising-dependent companies faced shrinking budgets and plummeting stock prices, fourth-quarter results from Alphabet, Meta Platforms, and Snap revealed that they were not yet out of the woods.   The health of the advertising industry closely mirrors the...

Starbucks, one of the biggest coffee chains in the world, reported that its net income increased 5% year over year to $855.2 million in the first quarter of its fiscal 2022–2023 year, finished on December 27. Earnings per share grew to $0.74 from $0.69 at the same time last year. Compared to...

When Hindenburg Research disclosed a short position in Adani Group last week, some US investors expressed interest in the actual mechanics of its trade, because Indian securities laws make it difficult for foreigners to bet against Indian companies.   So far, Hindenburg's bet has paid off....

The production of new battery cells and Semi trucks is expected to increase significantly over the course of the coming year, according to Tesla Inc. The business, run by billionaire Elon Musk, anticipates a $7 billion to $9 billion loss for 2024 to 2025. That range's average value is $1 billion...

OpenAI, the maker of the popular chatbot  ChatGTP, announced the release of a software tool to identify text generated by artificial intelligence in a blog post on Wednesday.   ChatGPT is a free program that generates text in response to a prompt, such as articles, essays, jokes, and...