Reports
Nvidia is missing link in a strong season of AI earnings reports
RESULTS from the world’s biggest technology companies have brought mostly good news. There’s just one missing piece: Nvidia.The company, whose dominance in chips that do the heavy lifting for...
Tesla lays off more staff in software, service teams, Electrek reports
ELECTRIC-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported on Monday (May 6), citing emails and sources familiar...
Air Canada reports bigger loss than market expectations as costs rise
Air Canada reported a bigger first-quarter loss than market expectations on Thursday (May 2), as higher operating costs tied to labour and aircraft maintenance dampened gains from a rebound...
KFC parent Yum reports surprise drop in global same-store sales on weak demand
YUM Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United...
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
ALPHABET-owned Google has agreed to pay News Corp, owner of the Wall Street Journal, between US$5 million and US$6 million annually to develop new AI-related content and products, the...
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
HSBC’s group chief executive officer Noel Quinn is retiring after nearly five years in the role, announced the London-headquartered bank on the same day it released its business update...
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
CDL Hospitality Trusts’ (CDLHT) net property income (NPI) for the first quarter ended Mar 31, 2024, rose 6.8 per cent to S$34.9 million, from S$32.7 million in the year-ago...
Great Eastern reports 26% higher Q1 profit of S$306.7 million
GREAT Eastern posted a 26 per cent year-on-year increase in profit to S$306.7 million for the first quarter ended March, versus S$244 million in the same period the year...
