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Goldman Sachs Posts 51% Gain in Year-On-Year Quarterly Earnings

Goldman Sachs posted mixed full-year earnings results for 2023 on Tuesday, with the investment giant experiencing both highlights and lowlights over the past year. The company's net income of $8.52 billion for 2023 marked a 24% slump from the previous year, which is also its...

OPEC Nations Remain Committed Following Angola’s Exit

Organization of the Petroleum Exporting Countries members Iraq, Nigeria, and the Republic of Congo have voiced their commitment to the cartel following the departure of Angola from the organization last week. "We reiterate our firm support for unity and cohesion at the heart of...

Oil Rises as U.S. Output Nears Record Numbers

Oil prices rose on Thursday as higher inventories and record production in the United States provided investors with relief following concerns over disrupted Red Sea shipments. "Oil concerns itself with the state of U.S. production this morning and enters the day less buoyant than...

FedEx Shares Fall Following Lower Revenue Forecast

FedEx stocks plummeted by 9.8% to $252.58 in extended trading after the courier company missed its quarterly earnings estimates for the three months ended November. While the company's adjusted earnings rose 23% to $1.01 billion, or $3.99 per diluted share, this figure fell short...

Nissan to Export China-Developed EVs Globally

Nissan Motor announced on Sunday that it would begin selling electric vehicles (EVs) developed in China, exporting them to global markets. This comes after the Japanese automaker announced that it had entered into a partnership with China's top university, Tsinghua University, to focus on...

Chuck E. Cheese Exploring Sale Amid Interest

U.S. restaurant chain Chuck E. Cheese is reportedly exploring sale options amid emerging acquisition interest in the company, sources with knowledge on the matter revealed. This comes three years after the company went bankrupt. The restaurant chain, known for its pizza and arcade games, is...