Investing.com -- In recent weeks, Apple Inc. (NASDAQ:AAPL) has increased its efforts to combat a Texas law that mandates the tech giant to confirm the ages of its device users. The company’s CEO, Tim Cook, has even personally intervened in the issue, The Wall Street Journal reports.Last week, Cook reached out to Texas Governor Greg Abbott, requesting alterations to the legislation or, if not pos ...
Investing.com -- S&P Global Ratings has revised its outlook for GE Vernova Inc. to positive from stable, citing rapidly improving profitability. The company’s ’BBB-’ rating has been affirmed. GE Vernova has significantly improved its profitability, with S&P Global Ratings-adjusted EBITDA margins increasing to approximately 6.4% from around 1.1% between the end of 2023 and the end of ...
By David Lawder BANFF, Alberta (Reuters) -Treasury Secretary Scott Bessent said on Friday that President Donald Trump does not believe that the European Union’s trade offers to the United States are of sufficient quality and that he hopes that a June 1 50% tariff threat will "light a fire under the EU" in negotiations with Washington. Bessent told Fox News Channel that many other top U.S. tradin ...
Investing.com -- Fitch Ratings has confirmed BP plc (LON:BP)’s Long-Term Issuer Default Rating (IDR) at ’A+’ and maintained a Stable Outlook on Friday. The rating is based on BP (NYSE:BP)’s commitment to reduce its net debt to between $14 billion and $18 billion by 2027, and the expectation that the company will decrease its EBITDA net leverage to 1.1x-1.2x by 2027 from a high of 1.5x an ...