Topic
Profitability
28 stories related to this topic, newest first.
business27 days ago
Rivian Lays Off Under 2% of Workforce in Sales and Marketing Days After R2 Deliveries Start
Rivian laid off staff in sales, marketing and customer teams on Tuesday. The company said the moves support efforts to reach profitability.
TechCrunchtechnology27 days ago
Rivian Begins R2 SUV Deliveries and Cuts Under 2 Percent of Workforce
Rivian confirmed the cuts affect less than 2 percent of its workforce and target service, sales and marketing teams. The company said the move is part of a restructuring to reach profitability.
thecanary.coscience30 days ago
Government grants and contracts supported early SpaceX and Tesla operations
Federal funding and regulatory programs provided early capital and revenue to SpaceX and Tesla before either company reached profitability. Data show grants, loans, and emissions credit sales together exceeded $15 billion across both firms.
realclearmarkets.comfinance37 days ago
S&P 500 Keeps Profitability Rule for Index Inclusion After Review
S&P Dow Jones Indices rejected a proposal to drop the positive net-income requirement after a month-long review. SpaceX, targeting a $1.8 trillion valuation, is now expected to wait until 2028 for inclusion.
finance38 days ago
S&P Dow Jones Indices Maintains Existing S&P 500 Eligibility Rules, Rejects Mega-Cap IPO Exceptions
The index provider rejected proposals to shorten the 12-month seasoning period or waive profitability and float requirements for large newly public companies. The decision delays SpaceX's earliest possible S&P 500 eligibility to June 2027.
forbes.comfinance39 days ago
S&P 500 Will Keep 12-Month IPO, Profitability and Float Rules Unchanged for Mega-Cap Firms
The index provider rejected proposals to shorten the seasoning period or waive profitability and float requirements. SpaceX would now become eligible no earlier than June 2027.
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Le Mondeworld42 days ago
Stellantis Announces €1B Investment in Peugeot Models at Mulhouse but Cuts European Output 20% After €22B EV Write-Down
Stellantis announced a €1 billion investment on June 2, 2026, to develop and build three new electric or hybrid Peugeot models at its Mulhouse plant in eastern France. The move forms part of a broader €60 billion plan to restore profitability over five years.
foxbusiness.combusiness42 days ago
Anthropic Reaches Profitability, Files for IPO at $965 Billion Valuation While DoD Contract Lawsuit Continues
Anthropic filed paperwork with U.S. regulators on Monday for an initial public offering planned later this year. Private investors recently valued the company above $965 billion.
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themarketherald.com.auworld45 days ago
Citigroup Reports Highest Quarterly Revenue in a Decade
Citigroup reported its strongest quarterly revenue in ten years in April 2026. CEO Jane Fraser outlined new profitability targets at the May 7 investor day.
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Substrate placeholder — needs reviewtechnology50 days ago
Xreal CEO says smart glasses industry nears profitability
Xreal founder Chi Xu stated that the company has improved margins and reduced marketing costs, with a goal of breaking even next year. The firm plans a commercial launch of its Aura glasses later in 2025 and an IPO before the end of 2026.
en.antaranews.comworld54 days ago
Stellantis to Focus Investments on Four Core Brands
Stellantis announced it will concentrate future investments on four core brands as part of a plan to improve profitability. Several established marques will receive reduced resources under the new strategy.
rte.ieai56 days ago
Standard Chartered Plans to Cut 7,800 Corporate Jobs by 2030
Standard Chartered announced plans to reduce its corporate workforce by more than 15 percent by 2030 while increasing investment in automation and artificial intelligence. The bank also raised its long-term profitability targets.
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themarketherald.com.aufinance60 days ago
Orbit Garant Drilling Reports Q3 Revenue of $51.4M but Posts Net Loss Amid Weather and Mobilization Costs
The drilling services company achieved its highest third-quarter revenue in history and a 67 percent utilization rate, the highest in more than 10 years. Severe winter weather in Canada and costs tied to new long-term contracts weighed on profitability, producing a $1.2 million n…
finance61 days ago
Algoma Steel Group Reports Q1 2026 Results After Transition to Electric Arc Furnace
Algoma Steel Group completed its transition to a fully electric arc furnace operation in January 2026, ending 125 years of blast furnace steelmaking. The company reported an adjusted EBITDA loss of C$28.7 million for the first quarter and said it expects to return to profitabilit…
benzinga.comfinance62 days ago
Hims & Hers Reports Q1 Revenue of $608M, Maintains 2025 Outlook Despite Wider Net Loss
The telehealth company reported weaker profitability and lower revenue per subscriber even as sales rose 4%. Hims & Hers issued full-year guidance of up to $3 billion in revenue while navigating its new partnership to sell branded Wegovy.
Forbesfinance64 days ago
Media Company Earnings Reports Show Hollywood Shift to Profitability
Recent quarterly results from several entertainment companies indicate a move away from prioritizing streaming subscriber growth toward sustainable profits, consolidation and premium experiences. Disney reported its streaming services reached sustainable profitability while Param…
ecns.cnpolitics66 days ago
US Oil Blockade on Cuba Hits Private Sector Businesses
The United States imposed an oil blockade on Cuba in late January 2026. Private businesses in Havana report sharp increases in fuel costs, longer power outages and reduced profitability. The Cuban government has responded with new regulations to expand opportunities for the priva…
upgradedpoints.comfinance66 days ago
JetBlue Adds Flights at Fort Lauderdale After Spirit Airlines Shutdown
JetBlue Airways announced more than two dozen new flights from Fort Lauderdale-Hollywood International Airport hours after Spirit Airlines ceased operations last weekend. The move is part of JetBlue's effort to return to profitability after years of losses. The airline aims to ex…
Substrate placeholder — needs reviewai67 days ago
News Corp Reports Q3 Earnings Above Estimates
News Corp reported third-quarter profit of $121 million and revenue of $2.19 billion, exceeding Wall Street forecasts. The media company cited strong performances at its Dow Jones, digital real estate and book publishing units. CEO Robert Thomson highlighted AI-related content li…
news.google.combusiness69 days ago
Disney Reports Streaming Profit for First Time, Beats Earnings Expectations
Disney shares rose in premarket trading on May 7, 2026, following the company's report of an earnings beat and achievement of a streaming profitability milestone. The developments mark a key financial turning point for the entertainment giant. Seekingalpha.com reported the stock…
koreaherald.comfinance77 days ago
AI Industry Invests $400 Billion in Data Centers in 2025 Amid Ongoing Profit Challenges
The AI sector invested $400 billion in data centers last year, yet no major companies achieved profitability from these investments. Nvidia shipped about 10 gigawatts of GPUs in 2025, exceeding Goldman Sachs' estimate of 7.7 gigawatts in available capacity for AI data centers. Th…
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oneindia.comfinance78 days ago
Shrimp Boat Captains Cite Rising Diesel Prices as Threat to Industry Profitability
Shrimp boat captains in Texas reported that increased diesel fuel costs are making operations unprofitable. They linked the price surge to the ongoing Iran conflict. One captain stated that the industry could disappear if conditions persist.
The Guardianai78 days agoUpdated
Elon Musk's Lawsuit Against OpenAI and Sam Altman Set for Trial Amid Other Company Developments
Elon Musk's ongoing legal dispute with OpenAI and its CEO Sam Altman is scheduled to begin trial on Monday. Separately, Altman apologized for OpenAI's failure to alert authorities about a suspect's online behavior prior to a mass shooting in Canada. Altman is also advancing effor…
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Benzingafinance81 days ago
GM Board Excludes $3 Billion Tariff Losses from 2025 Profit Calculations for Executive Bonuses
General Motors discounted tariff-related losses when calculating profitability for executive bonuses, according to SEC filings. CEO Mary Barra received over $5 million in performance bonuses amid the adjustments. The company also suspended EV development and faced Pentagon discus…
The Vergeai82 days ago
Anthropic Limits OpenClaw Access to Subscription Users to Manage Demand and Costs
Anthropic has imposed restrictions on third-party tools like OpenClaw, mandating paid subscriptions for Claude AI usage amid efforts to manage system strain and achieve profitability. This move reflects broader industry shifts toward monetization as AI firms face massive capital…
Substrate placeholder — needs reviewworld84 days ago
China's Copper Smelters Hit Record Refined Metal Output in March Amid Sulfuric Acid Price Surge
Copper smelters in China produced a record volume of refined metal last month, driven by surging prices of byproduct sulfuric acid. This increase encouraged higher output and boosted industry profitability. The development reflects recent market dynamics in China's copper sector.
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Substrate placeholder — needs reviewfinance89 days ago
Snap Reduces Workforce and Focuses on AI to Improve Profitability
Snap has announced a workforce reduction of 16% as part of a strategy to enhance profitability through artificial intelligence. The company aims to achieve significant cost savings and improve its financial performance in the upcoming quarter.
Newsweekworld91 days ago
Nissan Announces Reduction of 17 Models and Addition of New Vehicles in Lineup Strategy
Nissan has announced plans to reduce its vehicle models from 56 to 45, eliminating 17 low-performing ones to focus on growth areas. The company will introduce a new Xterra SUV and Skyline sports car as part of its strategy. This move supports the ongoing Re:Nissan turnaround plan…