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John BIERS AFP

ExxonMobil CEO sees chance of higher oil prices as earnings dip

ExxonMobil CEO sees chance of higher oil prices as earnings dip

US oil giants reported lower earnings Friday with accounting effects muting the benefits of the Middle East oil shock, as ExxonMobil's CEO cautioned that crude prices could still increase. Oil prices jumped during the quarter from the mid-$60s in early February to more than $100 a barrel

Tesla reports higher profits, confirms hefty spending ahead

Tesla reports higher profits, confirms hefty spending ahead

Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence. Elon Musk's electric vehicle company reported profits of $477 million, up 17 percent from the year-ago period, while revenues jumped 16 percent

Boeing reports narrowing loss, points to progress on turnaround

Boeing reports narrowing loss, points to progress on turnaround

Boeing reported a small quarterly loss Wednesday following an uptick in commercial plane deliveries as the aerospace giant pointed to progress on a turnaround after a long period of stumbles. After two fatal 737 MAX crashes in 2018 and 2019 and other safety woes, Boeing replaced leadership in 2024 with

Questions about Tesla spending binge ahead of earnings

Questions about Tesla spending binge ahead of earnings

Questions about Tesla's progress towards achieving fully autonomous driving at scale are expected to figure prominently when the company reports results Wednesday. When last releasing earnings in January, Elon Musk's highflying electric vehicle company announced plans to spend more than $20 billion on growth ventures such

US bank profits jump as execs see consumers surviving oil spike, for now

US bank profits jump as execs see consumers surviving oil spike, for now

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite spiking oil prices from the Middle East war. JPMorgan Chase notched gains across leading consumer and investment bank categories. CEO Jamie Dimon described the US economy as still healthy but facing an "increasingly complex

Goldman Sachs eyes more corporate mergers despite war uncertainty

Goldman Sachs eyes more corporate mergers despite war uncertainty

Goldman Sachs reported strong first-quarter earnings on Monday, pointing to continued client interest in dealmaking that so far has not been derailed by the Middle East War. The New York-based investment bank scored an 18 percent jump in quarterly profit to $5.4 billion, citing a "significant

At Met Opera, life after a school shooting takes center stage

At Met Opera, life after a school shooting takes center stage

School shootings are a tragically common occurrence in the United States, but rarely do they grace the stage of one of the world's premier opera houses. But on Monday, Kaija Saariaho's "Innocence" -- which explores how a devastating attack at an international school in Finland