Berkshire Hathaway, owned by billionaire Warren Buffett, revealed losses of $2.69 billion, which they attributed to issues with their supply chain and other uncontrollable circumstances including the COVID-19 epidemic and the Ukraine war. According to Reuters' report on the financial statements for...

As advertisers withdrew their support due to worries about content moderation, Twitter Inc. cut half of its workforce on Friday, but claimed that the team in charge of halting the spread of misinformation suffered fewer cuts.   The social media company's employees claimed in tweets that some...

Elon Musk pledged to protect Twitter from becoming a "free-for-all hellscape" to advertisers. Advertisers have started asking for information on how he intends to uphold the commitment this week.   One significant advertising agency's media buyer, who asked to remain anonymous for fear of...

According to the business's financial documents, the net profit of the Danish corporation A.P. Moller-Maersk A/S (Maersk) for the first three quarters of the year totaled 24.34 billion dollars, which was twice as much as a year earlier. The company's sales over the same period also increased by...

The automaker Stellantis announced that it would dissolve its joint venture with the Guangzhou Automobile Group (GAC) of China, which produced Jeep for the domestic market. The joint company between the two automakers will soon declare bankruptcy. The joint venture's obligations, according to GAC,...

In the first three quarters of this year, the eight major publicly traded airlines in China experienced a net loss of 106 billion yuan ($14.6 billion), Yicai Global reports. According to the bureau, the country-wide lockdowns enforced as a result of the spread of COVID-19 and high fuel prices are...

Following Elon Musk's acquisition of the social network, General Motors will temporarily stop running advertisements on Twitter. This "often happens when there are big changes involving media platforms," according to the American company. General Motors said in a statement that it was "working...

It was a terrible earnings week (Oct. 23-29) for Big Tech, aside from Apple.   After making unsettling predictions for the third quarter and the rest of the year, Alphabet, Amazon, Meta, and Microsoft collectively saw their market caps decline by over $350 billion. After a decade of...

Exxon Mobil Corp. and Chevron Corp., two of the largest energy companies in the world, reported yet another round of enormous quarterly profits thanks to rising natural gas and fuel costs that have pushed up inflation globally and renewed calls for higher taxes on the industry.   Due to the...