TotalEnergies, the prominent French oil and gas conglomerate, recently released its full-year earnings for 2024, revealing a significant downturn in profitability compared to previous years. With an adjusted net income of $18.3 billion, this marks a striking 21% decline from the prior year’s figure of $23.2 billion. This decrease comes as no surprise to industry
admin
The autonomous vehicle industry, once heralded as the future of transportation, is witnessing significant upheaval as General Motors (GM) recently announced dramatic layoffs within its Cruise subsidiary. This decision comes on the heels of GM’s announcement that it would cease funding the robotaxi initiative, a venture that has already consumed over $10 billion since its
The landscape of student loans in the United States is poised for tumultuous changes, especially amid considerations to dismantle the U.S. Department of Education under the Trump administration. For the 42 million federal student loan borrowers, apprehension is palpable, stemming from the department’s vital role in both underwriting federal loans and managing the staggering $1.6
Warren Buffett’s Berkshire Hathaway has made headlines once again by increasing its investment in SiriusXM, pushing its ownership stake to an impressive 35.4%. Recent financial disclosures indicate that the Omaha-based firm acquired approximately 2.3 million shares for an estimated $54 million within a handful of days. This move, reported to the Securities and Exchange Commission,
In January, Ken Griffin’s prominent hedge fund, Citadel, managed to achieve a modest increase in performance, showcasing resilience within a fluctuating market landscape. Reports indicate that the Wellington fund, Citadel’s flagship multistrategy vehicle, posted a 1.4% rise during the month. This follows an impressive performance in 2024, where the fund gained 15.1%. The stability of
Nintendo recently disclosed its fiscal third quarter results, which ended on December 31, falling short of market expectations. The company reported revenues of 432.92 billion Japanese yen (approximately $2.8 billion), significantly lower than the anticipated 498.22 billion yen. Furthermore, net profit reached 128.53 billion yen, while analysts had estimated it at 136.16 billion yen. This
Recent measures taken by President Donald Trump to impose tariffs on imported steel have generated a wave of optimism among U.S. steel manufacturers, suggesting a potential resurgence for the industry. However, as with many economic strategies, there remains an intricate web of factors that could influence the actual outcome of these tariffs over the long
As the economic climate shifts, the impending tariffs set to take effect on imports from major trading partners present a complex challenge for U.S. consumers. With President Donald Trump’s recent announcement of a 25% tariff on goods from Canada and Mexico and a 10% levy on imports from China, economists caution that these measures could
As the rental market continues to fluctuate across different regions in the United States, affordability is becoming a central topic of discussion. According to Daryl Fairweather, the chief economist at Redfin, the most significant shift is that rental prices are seeing a decline in several areas, largely due to an oversupply of available apartments. This
As recent developments in U.S. trade policy unfold, the reverberations are being felt across financial markets, particularly within the stock exchange. Following President Donald Trump’s announcement of a robust tariff strategy on imports from Mexico, Canada, and China, the U.S. stock market experienced a significant downturn on Monday. This surge in tariffs, aimed at curbing