Meta stock surges after earnings as ‘year of efficiency’ pays off
Analysts cheered Meta’s results, pointing to improved ad targeting, increased Reels monetization and a payoff from cost-cutting efforts.
Tesla created secret team to suppress thousands of driving range complaints
Years ago, Tesla rigged dashboard readouts to show optimistic driving range projections. Last year, it formed a special team to cancel service appointments.
Watch live: ECB President Christine Lagarde speaks after rate decision
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’
The central bank did not share any forward guidance about its next moves, but did raise the possibility of a potential pause in rate hikes in September.
IEA says coal use hit an all-time high last year — and global demand will persist near record levels
Coal consumption this year on course to remain near 2022’s record levels.
Airbus CEO says Europe is failing to work together on defense despite ‘new threats’
The head of the world’s biggest planemaker tells CNBC European countries are failing to show “unity in addressing the new threats and solutions.”
Portfolio manager says OPEC+ alliance could break — sending oil prices down to $35 a barrel
OPEC+ has been trimming oil production since November in a bid to prop up falling prices.
‘Things are going to break’: Kevin O’Leary predicts Fed hikes will lead to more U.S. regional bank failures
The “Shark Tank” star is telling investors to wait 90 days to see what happens to smaller banks in the United States.
Centrica hikes dividend as profits at British Gas soar
Britain’s Centrica announced bumper returns for shareholders after its first-half profits surged on an almost ten-fold increase at its British Gas business.
EU opens antitrust probe into Microsoft over Teams bundling
European Union regulators on Thursday opened an antitrust investigation into Microsoft’s bundling of its video and chat app Teams with other Office products.
