Company Reports – bzNewsWire

C.E.O. of Stellantis, Which Owns Chrysler and Jeep, Resigns

The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway.

Holiday Shopping Season Separates Winning Retailers From Losers

Consumers are seeking deals and being choosier about their spending in the crucial final weeks of the year, executives say.

Profits Leap at Goldman Sachs as Banks See Steady Economy

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

Inside Disney’s Succession Struggle and Bob Iger’s Return to Power

The inside story of how Bob Iger undermined and outmaneuvered Bob Chapek, his chosen successor, and returned to power at Disney.

Tech Companies to Keep Spending on A.I. Despite Worries of Slow Payoff

Big technology companies show no signs of slowing their spending on artificial intelligence, even though a payoff still looks a long way away.

Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales

The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.

PepsiCo Chip Sales Drop as Prices Sting

PepsiCo reports in its earnings that people are buying fewer salty snacks from its Frito-Lay brands. It’s not the only food company that is seeking to lure back consumers stung by high prices.

Walmart Earnings Boosted by ‘Upper-Income’ Shoppers

The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.

Retailers Wary of Squeeze on Shoppers Ahead of Key Holiday Season

Consumers have bucked expectations despite high inflation and interest rates, but retailers worry whether they can keep it up through the end of the year.