Category: fox-business/markets/earnings

Walmart to acquire Vizio for $2.3B, sales outlook, dividend lift shares

Walmart forecast fiscal 2025 sales above Wall Street expectations on Tuesday and said it would buy smart-TV maker Vizio for $2.3 billion. Shares in the U.S. retail giant rose 3% in premarket trading after it also announced its biggest dividend increase in more than a decade. Walmart proposed to buy Vizio for $11.50 per share, a premium of 47% to the company’s closing price of…

Google parent Alphabet sees AI investment providing long-term opportunities

For Google and other tech titans, the rise of artificial intelligence remains a big focus for investors as the emerging technology reshapes the tech landscape, transforming the business of search, cloud and advertising, but it also comes with a cost.  Shares of Google parent Alphabet fell more than 7% on Wednesday, a day after the company reported quarterly results. Despite beating expectations on many key…

GM upbeat on 2024, betting on a ‘resilient’ US economy

General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat outlook for 2024 and signaled more capital could be returned to shareholders. “Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient,” GM Chief Executive Mary Barra told investors in a letter. In contrast, Tesla Chief Executive Elon Musk cautioned…

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