Wells Fargo drops financed emissions target amid ESG rethink
(Reuters) – Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks…
Business
Amazon’s Wondery podcast unit trims jobs
By Greg Bensinger (Reuters) – Amazon.com cut “a small number” of jobs at its Wondery podcast unit, known for “Dr….
Meta plans to release standalone Meta AI app, CNBC reports
(Reuters) – Meta Platforms plans to debut a standalone Meta AI app to join Facebook and Instagram during the second…
Beyond Meat sees weak annual revenue, posts wider-than-expected quarterly loss
(Reuters) – Beyond Meat forecast annual revenue below estimates on Wednesday, as the faux meat products maker faces persistent demand…
EBay forecasts quarterly revenue below expectations on weak demand
(Reuters) – E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such…
Paramount Global misses quarterly revenue estimates on continued cable TV declines
(Reuters) -Paramount Global fell short of Wall Street’s fourth-quarter revenue expectations on Wednesday as a continued decline in its cable…
Thermo Fisher buys Solventum’s purification and filtration business for $4.1 billion
(Reuters) -Contract drug manufacturer Thermo Fisher Scientific said on Tuesday it will buy Solventum’s purification and filtration business for about…
US bank profits climb as regulator adjusts ‘problem bank’ tracking
By Pete Schroeder WASHINGTON (Reuters) – U.S. banking sector profits rose 2.3% to $66.8 billion in the fourth quarter of…
Tesla’s market value tumbles below $1 trillion as its Europe sales slump
By Noel Randewich (Reuters) – Tesla’s stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the…
Exclusive-JPMorgan executive calls for ‘more hustle’ after return to office mandate
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – A JPMorgan Chase executive told thousands of employees he wanted…