BUSINESS

Exxon Tops Q4 Expectations as Oil and Gas Output Climbs

On Friday, U.S. oil giant Exxon Mobil surpassed Wall Street’s expectations for fourth-quarter profits, driven by increased oil and gas production despite lower prices and weaker refining margins. The company reported earnings of $7.39 billion, or $1.67 per share, exceeding analyst projections of $1.56 per share, according to LSEG data.

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MARKETS

Nissan Abandons Plans for Merger with Honda

Japan’s Nissan will end merger discussions with its competitor Honda, according to the Nikkei newspaper. This decision halts plans for a partnership that would have formed the world’s third-largest automaker, raising doubts about Nissan’s ability to achieve a successful turnaround on its own. In December, the two Japanese automakers had

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TECH

Worries Over AI Investment and Weak Cloud Growth Weigh on Alphabet’s Shares

Alphabet’s significant investment in artificial intelligence (AI) infrastructure is under increasing scrutiny. Investors expressed disappointment over the company’s weaker-than-expected cloud growth and a new forecast that suggests even greater spending on AI expansion. While Alphabet’s revenue rose 12% year-over-year to $96.5 billion in the fourth quarter, growth in its cloud

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SCIENCE

NASA, SpaceX to Bring Astronauts Back From ISS as Planned

NASA confirmed on Wednesday that it remains committed to its plan, announced last year, to collaborate with SpaceX in bringing two astronauts back from the International Space Station (ISS) “as soon as practical.” This statement followed President Donald Trump’s remarks the previous day, in which he expressed a desire for

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ENTREPRENEUR

LIFESTYLE / ENTERTAINMENT

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