Outsourcing giant Infosys raised sales guidance for a third time. AI is helping.
Indian outsourcing giant Infosys Ltd. on Thursday raised its sales outlook for the third time this year as the company said clients were increasingly adopting its artificial-intelligence services.
Bargain hunting? This value manager has scooped up Airbnb, an AI-healthcare play and a GE spinoff
That's as value stocks have lagged behind. Vanguard's S&P 500 large-cap value ETF VOOV returned 9.8% last year and 19% in 2023, while its large-cap growth ETF VOOG returned 35% and 28%, respectively.
News Highlights: Top Company News of the Day - Thursday at 7 AM ET
TSMC Expects Continued AI-Driven Growth After Ending 2024 Strong The company's chief executive said revenue from AI-related servers and processors is expected to double in 2025 after more than ...
TotalEnergies Sees Production Growth, Weak Downstream Environment — Energy Comment
TotalEnergies expects fourth-quarter hydrocarbon production to increase slightly but said oil prices and refining margins will be a drag on its financial performance. Here's what the French ...
Oil prices edge lower after closing at 4-month high
Oil futures were modestly lower early Thursday, pulling back after ending the previous session at four-month highs following data that showed a large drop in U.S. crude inventories. Concerns about ...
PNC Financial 4Q Revenue Increases as Fee Income, Net Interest Income Grow
PNC Financial Services reported higher revenue in its latest quarter driven by a jump in fee income and net interest income. The Pittsburgh bank logged net income of $1.63 billion, or $3.77 a share, ...
UnitedHealth's stock dives after first revenue miss in more than four years
The company is at a pivotal point following the killing of Brian Thompson, who headed the UnitedHealthcare unit, and there was a public outcry about insurance denials. That prompted Andrew Witty, the ...
Bank of America's Q4 profit of 82 cents a share tops analyst estimates
Bank of America's ( BAC) fourth-quarter earnings were 82 cents a share, ahead of the FactSet consensus estimate of 77 cents a share. Fourth-quarter revenue was $25.3 billion, which beat the analyst ...
Here's how much lumber Southern California will need to rebuild after the wildfires
The Southern California wildfires started on Jan. 7, and as of a week later, more than 12,300 structures had been destroyed, according to the California Department of Forestry and Fire Protection.
Nvidia analysts are very bullish on the stock. But this holdout defends his cautious view.
Luria is in a fairly rare spot among Wall Street analysts covering Nvidia. Of the 65 tracked by FactSet, 60 have buy-equivalent ratings while the other five are at the equivalent of neutral. The ...
Bank of America to release fourth-quarter earnings
Bank of America's ( BAC) third-quarter earnings were 81 cents a share. Third-quarter revenue was $25.3 billion. Chief Executive Brian Moynihan said in October the results were "solid" with higher ...
BP to Cut 4,700 Internal, 3,000 Contract Roles, Says Bloomberg
-- British oil-and-gas giant BP will cut 4,700 internal roles and 3,000 contractor positions as part of cost cutting measures, Bloomberg reports, citing an email sent to employees by Chief Executive ...