Exxon Vaults to Record Annual Profit of $55.7 Billion 

Only Apple and Microsoft so far have surpassed Exxon's fiscal 2022 profit as the oil giant capitalized on high commodity prices.

GM's Profit Soars as Supply-Chain Problems Ease 

The auto maker said strong results in North America helped offset weakness in China to lift its net profit during the October-to-December period to $2 billion.

UPS Earnings Show Drop in Holiday Sales on Fewer Shipments 

The delivery company also projected that its top line will fall for the current year amid a slowdown in global trade.

Spotify Adds Users, Reports Loss After Big Investments in Podcasts 

Spotify reported strong user growth but another quarterly loss after the company invested extensively to build its podcast business.

Meta Turnaround Could Trap Bears 

The Facebook parent's investments in artificial intelligence could lead to an upside heading into this week's earnings report.

Adani Draws Enough Investor Bids for $2.5 Billion Stock Sale 

The flagship company of India's Adani Group collected enough investor bids to pull off a large stock sale, advancing its fundraising plans in the face of fraud allegations from a U.S. short seller.

Humira Faces Competition From First U.S. Copycat 

The arthritis therapy is coming up against its first so-called biosimilar, after more than $135 billion in sales and fights over how long its patents last.

Airbnb and Expedia Turn Customer Cash Into Profit, Aided by Rising Interest Rates 

The travel sites raked in millions in additional income from holding guests' payments in money-market funds, Treasury notes and CDs.

UBS Attracts Wealthy Clients to Help Lift Profit 

Switzerland's largest bank by assets attracted new customer money in the quarter, while a rival was weakened.

Biden Administration Considers Cutting Off Huawei From U.S. Suppliers 

The U.S. blacklisted the Chinese telecommunications company in 2019 but has granted exceptions for components not deemed a national-security risk.


(END) Dow Jones Newswires

January 31, 2023 07:00 ET (12:00 GMT)

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