Financial Performance – Page 2

The Blockbuster Year in Stocks No One Saw Coming

29Dec

By adminNo Comments

World

The Blockbuster Year in Stocks No One Saw Coming

U.S. stocks end a topsy-turvy year near records, defying bearish predictions.

Huawei Expects 9% Revenue Growth This Year

29Dec

By adminNo Comments

World

Huawei Expects 9% Revenue Growth This Year

Dec. 28, 2023 10:09 pm ETHuawei Technologies projected that its revenue grew about 9% in 2023, reflecting the company’s return to a more normal course after years of dealing with U.S. sanctions.The Chinese hardware giant said in a note Friday that it expects annual revenue of 700 billion yuan, or approximately $98 billion, up from CNY642 billion in 2022.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Can the Apple Watch Be the Ultimate Health Tracker? Apple Faces Technical and Legal Challenges

29Dec

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Technology

Can the Apple Watch Be the Ultimate Health Tracker? Apple Faces Technical and Legal Challenges

Apple’s widening effort to turn its nine-year-old watch from a luxury timepiece into the ultimate all-in-one medical device is taking it into territory that is legally treacherous as well as potentially profitable.This month’s suspension of Apple Watch sales was the starkest sign yet that the world’s most valuable tech company is treading new ground as it adds health features to the device. While Apple on Wednesday won a temporary reprieve to resume sales, specialists in medical devices say the technical and legal challenges are likely to continue.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

A Top Penn Entertainment Shareholder Seeks Board Seats

28Dec

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Money

A Top Penn Entertainment Shareholder Seeks Board Seats

Updated Dec. 28, 2023 8:18 am ETA top shareholder in Penn Entertainment is seeking seats on the casino operator’s board. The hedge fund HG Vora Capital Management, which has an 18.5% economic interest including swaps, is in talks with Penn about placing directors on the company’s board, according to a securities filing made on Thursday, which didn’t say how many. (Its latest 13F filing revealed an 11% stake in Penn.) Should the talks not lead anywhere, the fund might pursue a proxy fight, according to people familiar with the matter. The Wall Street Journal earlier reported on HG Vora’s position. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Dec

By adminNo Comments

World

Can the Apple Watch Be the Ultimate Health Tracker? Apple Faces Technical and Legal Challenges

Apple’s widening effort to turn its nine-year-old watch from a luxury timepiece into the ultimate all-in-one medical device is taking it into territory that is legally treacherous as well as potentially profitable.This month’s suspension of Apple Watch sales was the starkest sign yet that the world’s most valuable tech company is treading new ground as it adds health features to the device. While Apple on Wednesday won a temporary reprieve to resume sales, specialists in medical devices say the technical and legal challenges are likely to continue.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple Can Restart Apple Watch Sales as U.S. Court Pauses Ban

28Dec

By adminNo Comments

World

Apple Can Restart Apple Watch Sales as U.S. Court Pauses Ban

Updated Dec. 27, 2023 5:50 pm ETApple won approval Wednesday to restart most sales in its $18 billion smartwatch business after a U.S. appeals court paused a federal agency’s import ban on some models of the device.The Apple Watch Series 9 and Ultra 2 models, for which sales were halted in the past week, were once again available in stores on Wednesday and will return online Thursday, according to the company. They will continue to be sold in the coming weeks while the court weighs Apple’s request to stay the ban while its appeal is considered.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

27Dec

By adminNo Comments

World

Apple Can Restart Apple Watch Sales as U.S. Court Pauses Ban

Updated Dec. 27, 2023 5:50 pm ETApple won approval Wednesday to restart most sales in its $18 billion smartwatch business after a U.S. appeals court paused a federal agency’s import ban on some models of the device.The Apple Watch Series 9 and Ultra 2 models, for which sales were halted in the past week, were once again available in stores on Wednesday and will return online Thursday, according to the company. They will continue to be sold in the coming weeks while the court weighs Apple’s request to stay the ban while its appeal is considered.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple Appeals U.S. Ban That Halted Watch Sales

27Dec

By adminNo Comments

Technology

Apple Appeals U.S. Ban That Halted Watch Sales

Updated Dec. 26, 2023 3:21 pm ETApple is appealing a decision by a federal trade agency that forced it to stop selling two models of its smartwatches after the agency said Apple violated patents of a competitor.Apple said in court documents filed Tuesday the company will suffer “irreparable harm” if the ban stays in place, since the models are its two most popular. The watch models affected are its newest ones: the Apple Watch Series 9 and the Apple Watch Ultra 2.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

26Dec

By adminNo Comments

World

Apple Appeals U.S. Ban That Halted Watch Sales

Updated Dec. 26, 2023 2:45 pm ETApple is appealing a decision by a federal trade agency that forced it to stop selling two models of its smartwatches after the agency said Apple violated patents of a competitor.Apple said in court documents filed Tuesday the company will suffer “irreparable harm” if the ban stays in place, since the models are its two most popular. The watch models affected are its newest ones: the Apple Watch Series 9 and the Apple Watch Ultra 2.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Shoppers Kept Spending This Holiday Season

26Dec

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World

Shoppers Kept Spending This Holiday Season

Updated Dec. 26, 2023 9:14 am ETShoppers opened their wallets this holiday season as they have for much of 2023, even crowding into shopping malls to scoop up last-minute holiday gifts and discounts in the days before Christmas.U.S. retail sales rose 3.1% from Nov. 1 through Dec. 24, according to Mastercard SpendingPulse, which measures sales in stores and online. The estimate, which isn’t adjusted for inflation, reflects a year marked by rising prices and a strong U.S. job market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8