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Telegram founder says messaging app profitable for first time

(FILES) Pavel Durov, CEO and co-founder of Telegram speaks onstage during day one of TechCrunch Disrupt SF 2015 at Pier 70 on September 21,...

US consumer confidence takes unexpected hit in December

A shopper looks over clothing on display in a Costco warehouse Wednesday, Dec. 4, 2024, in Sheridan, Colo. (AP Photo/David Zalubowski) Washington, United States...

2024 not a very good year for IPOs in PH

MAYBE NEXT YEAR Deloitte says the Southeast Asian initial public offerings market in general was tepid in 2024, with total capital raised reaching its...

Global stocks mostly higher in thin pre-Christmas trade

People wearing Father Christmas outfits take part in the annual “Santa Claus race” through the city center to raise funds...

US banks sue Fed over ‘opaque’ stress tests

(FILES) The seal of the Board of Governors of the Federal Reserve System is seen ahead of a press conference by US Federal Reserve...

Starbucks strike expands, closes nearly 60 US stores

Starbuck workers picket outside of a closed Starbucks on Friday, Dec. 20, 2024, in Burbank, Calif. (AP Photo/Damian Dovarganes) ...

Toyota to build Lexus EV plant in China — reports

Tokyo, Japan — Toyota plans to build an electric vehicle factory in Shanghai for its luxury Lexus brand,...

Gov’t sets higher BIR, BOC revenue collection target for 2025

MANILA, Philippines – Revenue goals of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC)...

Honda shares soar 16% after buyback announcement

FILE PHOTO: A Honda SUV e:Prototype electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China...

Cadbury loses royal warrant under King Charles III

A photograph taken on December 23, 2024 shows a Cadbury’s chocolates tablet displayed on a table in Liverpool, in north...

Bargain-hunting sparks ‘Santa Claus’ rally ahead of holiday break

Traders on Monday scrambled to buy cheap stocks after last week’s bloodbath, with the benchmark index reclaiming lost ground. By the closing bell, the...

Mixed day for global stocks as market hopes for ‘Santa Claus rally’

FILE – Signs mark the intersection of Wall and South Streets in New York’s Financial District on Nov. 26, 2024....

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