Marvell Technology Inc. wrapped up its fiscal year 2025 with a mix of highs and lows. The company's total revenue hit $5. 8 billion, a 5% jump from the year before. This boost was mainly due to a huge 88% surge in sales from data centers, thanks to the growing demand for AI applications. However, de
Energy companies are under the microscope. They are being watched for how they are handling sustainability. This is not just about being eco-friendly; it's also about making money. Digital technology is a big deal in this shift. It's changing how businesses operate. The energy sector is no exceptio
Lucid Motors is making a big change at the top. The company's CEO, Peter Rawlinson, who has been leading the company since 2013, is stepping down. He will no longer be the CEO or the CTO. Instead, he will become a technical advisor to the company's chairman. Marc Winterhoff, who is currently the chi
In the tech world, Alibaba made a huge splash in late 2024. The Chinese giant saw its net profit skyrocket by 239% compared to the same time the previous year. This massive jump was largely due to the growth of its cloud services and a significant expansion in artificial intelligence over the past s
In a surprising turn of events, three major Japanese car companies—Honda, Nissan, and Mitsubishi—have decided to end their discussions about merging. This decision came after Nissan's top executive, Makoto Uchida, expressed concerns about the potential merger's impact on Nissan's future. Uchida felt
CVS Health Corporation recently shared its financial performance for the final quarter and the entire year of 2024. The earnings per share (EPS) for the fourth quarter, following Generally Accepted Accounting Principles (GAAP), dropped to $1. 30 from $1. 58 the previous year. This decrease was mainl
Disney recently shared its first-quarter results. Net income rose by 5% to a whopping $24. 69 billion compared to last year. Also, there was an attempt at favorable market expectations. The bankers at LSEG expected $24. 62 billion, they missed it by about $100 million. Likewise, the adjusted earning
The transportation and logistics business is still struggling in the middle of a recession. The industry is having a hard time keeping up with the demand for goods. ArcBest is trying to stay afloat by focusing on improving profitability and cutting costs. The company's fourth-quarter earnings report
Bumble is shaking things up with its founder, Whitney Wolfe Herd, taking back the CEO role in March. This move comes after the dating app's shares dropped about 50% during the current CEO's tenure. The industry as a whole is facing challenges, with high inflation and a lack of new features slowing g
Macy's, a familiar department store, is making a bold move. They're clicking the "close" button on 66 of their stores, but this isn't a sign of trouble. Instead, it's part of a plan they shared last year. The company is choosing to pour their resources into 350 other stores spread across the country
