Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The results come as Moderna inches closer to putting another product on the market, which it badly needs as demand for Covid shots plunges … Read more
The Wayfair app on a smartphone arranged in Hastings-on-Hudson, New York. Tiffany Hagler-Geard | Bloomberg | Getty Images Wayfair’s sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat Wall Street’s expectations … Read more
(AP) — Airbnb is bringing the iconic house from Disney Pixar’s 2009 animated film “Up” to life to celebrate the movie’s 15th anniversary in May, and fans can spend the night there soon. CEO Brian Chesky said Airbnb paid to build the house from scratch and attach 8,000 balloons to mimic the helium-filled ones the … Read more
Angshu Mallick, MD & CEO, Adani Wilmar, says going forward, as the new mustard season has just started, the new meal, oil meal, rapeseed oil meal will be available now for exports. So, the Q1 of FY25 should be better. Overall, the edible oil has been growing. This year has grown at 10%, which is … Read more
However, that amount includes massive funding from corporate backers, like Microsoft’s infusion of capital into OpenAI and Amazon’s funding of Anthropic. Stripped down to conventional VC investments, funding in 2023 for AI startups was much smaller, and only on pace to match the total amount raised in 2021. Pitchbook senior analyst Brendan Burke noted in … Read more
Bye bye Bonza. I will miss you. As someone who lives in regional New South Wales and has family in country Victoria, I am mourning the loss of the only direct Gold Coast to Albury flight. I’m also sad I did not get a chance to fly from Gold Coast to Darwin, a route I’m … Read more
The UK will be the worst-performing economy in the G7 next year, according to the Organisation for Economic Cooperation and Development, as high interest rates and the lingering effects of last year’s surge in inflation weigh. In a downbeat assessment, the Paris-based thinktank also downgraded its forecast for UK growth this year to 0.4% from … Read more
Bassim Haidar is house hunting. He owns “more than 10 properties” in central London, including a £20m five-bedroom flat near Chelsea’s Sloane Square. But he said he had decided to “urgently” leave the UK to avoid paying millions of pounds in tax after the government and Labour’s plan to scrap the “non-domicile” regime, which has … Read more
Shell will shower its shareholders with another $3.5bn (£2.8bn) in share buy-backs over the next quarter after reporting better than expected profits of almost $8bn for the first three months of the year. The company reported adjusted earnings of $7.7bn for the first quarter, below the $9.6bn earned in the same quarter last year but … Read more
Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets. The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX … Read more
