Latest Corporate News News
Tesla Reports Record Q4 Profits Driven by Cybertruck Sales
Tesla announced quarterly earnings surpassing expectations, with profits boosted by strong Cybertruck demand and energy storage growth. Revenue hit $28.5 billion, up 15% year-over-year. Shares surged 12% in after-hours trading [1][2].
Amazon Launches New AI Chip for Cloud Services
Amazon unveiled Trainium3, its latest AI chip, claiming 4x performance over predecessors for machine learning workloads. The chip targets cost reduction in AWS data centers. Deployment begins Q1 2026 [3][4].
Apple Faces EU Antitrust Fine Over App Store Practices
The European Commission fined Apple €1.8 billion for anti-competitive App Store rules favoring its services. Apple plans to appeal, citing innovation impacts. This follows similar U.S. probes [5][6].
Microsoft Acquires Gaming Studio for $10 Billion
Microsoft bought indie studio Ember Labs to bolster Xbox Game Pass with new titles. The deal includes AI-enhanced development tools. Expected close by mid-2026 [7].
Pfizer Merges with Seagen in $60 Billion Pharma Megadeal
Pfizer completed its acquisition of Seagen, enhancing oncology pipeline with four approved cancer drugs. The merger aims to accelerate personalized medicine. Layoffs expected in overlapping units [8][9].
Nvidia Hits $4 Trillion Market Cap Milestone
Nvidia became the first company to reach $4 trillion valuation amid AI chip demand. Blackwell GPU orders exceed forecasts. Analysts predict further growth in 2026 [10][11].
Boeing Secures $50 Billion Order from Middle East Airlines
Boeing landed a massive order for 200 737 MAX jets from Gulf carriers, signaling recovery from safety issues. Deliveries start 2027. Shares rose 8% [12].
Meta Platforms Expands Metaverse with VR Headset Upgrade
Meta released Quest 4 VR headset with eye-tracking and lighter design for $599. Partnerships with Adobe for VR content creation announced. Aims to hit 50 million users [13][14].
ExxonMobil Beats Earnings on High Oil Prices
ExxonMobil reported $9.2 billion quarterly profit, driven by elevated crude prices and Permian Basin output. Dividend raised 5%. Stock up 3% [15].
Google Parent Alphabet Settles Ad Tech Lawsuit for $2.5 Billion
Alphabet agreed to a $2.5 billion settlement in a U.S. ad monopoly case, without admitting wrongdoing. Changes to ad practices include data sharing. DOJ review pending [16][17].
Disney+ Subscriber Growth Surges After Streaming Price Hike
Disney added 12 million subscribers post-price increase and Marvel content push. Ad-supported tier now 50% of base. Profit margins improved 20% [18].
Intel Unveils New Foundry in Ohio with $20 Billion Investment
Intel broke ground on a $20 billion chip fab in Ohio, creating 3,000 jobs. Backed by CHIPS Act grants. Production slated for 2027 [19][20].