US Business

CEO Sundar Pichai said the search giant would release some AI models in coming months as the technology hits an “inflection point.”

The stock is on pace for its largest percent increase since July 2013, when it rose nearly 30%. 

Quarterly revenue fell at Apple for the first time in nearly four years as Amazon and Google also reported earnings that disappointed investors.

CEOs are reasserting their authority now that workers are starting to worry more about job security amid rising layoffs. “This whole concept of working from anywhere went too far.”

Shell became the latest oil giant to post a record annual profit last year, joining U.S. peers in surging back from early pandemic losses on soaring energy prices.

The home-goods retailer in January warned of a potential bankruptcy filing and said it is running low on funds.

The social-media giant, which saw its third consecutive quarter of declining sales, said its costs are set to decline and its global users increased. The company’s stock jumped by as much as 20% in off-hours trading.

Airbus agreed to revive orders for close to 75 aircraft from Qatar Airways after reaching a settlement with the Middle East airline over a dispute about chipping paint on its A350 wide-body models.

A federal judge declined to halt Meta’s acquisition of the virtual-reality startup Within Unlimited, delivering a setback to antitrust enforcers at the Federal Trade Commission seeking to block the deal.

Only Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity prices.