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PG&E beats fourth-quarter profit estimates on higher electricity rates

PG&E Corp posted fourth-quarter profit above analyst estimates on Thursday, as the electric and natural gas utility got a boost from higher rates for its services.

Cellular outages hit thousands in US, AT&T users most affected

A cellular outage early on Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco.

AI-darling Nvidia's earnings could boost its sway over U.S. stock market

No single stock has embodied the U.S. market’s artificial intelligence fervor as much as Nvidia Corp , leaving Wall Street tied to the fluctuations of its volatile shares.

VinFast posts higher revenue in Q4, eyes to nearly triple sales in 2024

Vietnamese electric vehicle (EV) maker VinFast on Thursday reported a smaller-than-expected 133% jump in fourth-quarter revenue but said it aimed to nearly triple vehicle sales this year as it expands into new markets.

Gold miner Newmont beats Q4 profit estimates, plans to divest six mines

Newmont Corp , the world's largest gold miner, beat fourth-quarter profit estimates on Thursday and said it will divest six non-core assets.

Southwest Airlines reaches tentative agreement with Transport Workers Union

Southwest Airlines has reached a tentative agreement with a local unit of the Transport Workers Union that represents nearly 18,000 operations, provisioning, ramp and cargo agents, the company said on Thursday.

Canadian retailer Loblaw tops profit expectations on robust demand, easing costs

Canadian retailer Loblaw Companies topped Wall Street expectations for fourth-quarter profit on Thursday, helped by sustained demand for daily essentials and easing input costs.

Nikkei parties like it's 1989; scales record high

Japanese stocks raced to a record peak on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy, as cheap valuations and corporate reforms lure foreign money looking for alternatives to battered Chinese markets.

European shares to hit records highs in 2024 but path could be rocky

European stocks will hit all-time highs in 2024, a Reuters poll found, as the prospect of interest rate cuts, hopes for a soft landing and strong earnings momentum fuel optimism.

Moderna reports surprise profit, sets out road map for RSV vaccine

Moderna on Thursday reported a surprise fourth-quarter profit, helped by cost cutting and some deferred payments, and the vaccine maker set out a commercial roadmap for its experimental respiratory syncytial virus (RSV) shot.

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