Facebook and Instagram users will start seeing labels on AI-generated images that appear on their social media feeds, part of a broader tech industry initiative to sort between what’s real and not.Meta META, -1.02% said Tuesday it’s working with industry partners on technical standards that will make it easier to identify images and eventually video and audio generated by artificial intelligence tools.What remains to be seen is how well it will work at a time when it’s easier than ever to make and distribut ...

Shares of Chipotle Mexican Grill Inc. rose after hours on Tuesday after the Mexican fast-casual chain reported fourth-quarter results that topped Wall Street’s estimates, as consumer demand and higher prices on the menu outweighed higher ingredient costs. The company reported fourth-quarter net income of $282.1 million, or $10.21 a share, compared with $223.7 million, or $8.02 a share, during the same quarter in 2022. Chipotle reported adjusted earnings of $10.36 a share. Revenue rose 15.4%, to $2.52 billio ...

After whiffing big with its previous two earnings reports, Fortinet Inc. delivered upbeat profit and billings numbers for the latest quarter Tuesday, helping to send its stock rocketing. The cybersecurity company generated fourth-quarter net income of $310.9 million, or 40 cents a share, which was nearly flat from the $313.8 million, or 40 cents a share, that Fortinet FTNT, +2.10% logged a year before. On an adjusted basis, the company earned 51 cents a share, while analysts tracked by FactSet were model ...

Amgen Inc. on Tuesday reported fourth-quarter profits and sales that topped analysts’ expectations even as revenues dropped for one of its top sellers, the rheumatoid-arthritis drug Enbrel. The biotech company reported fourth-quarter net income of $767 million, or $1.42 per share, versus $1.62 billion, or $3.00 per share, in the year-earlier period. Adjusted per-share earnings of $4.71 topped the FactSet consensus of $4.59. Revenues totaled $8.196 billion in the quarter, up from $6.839 billion a year earlie ...

Walt Disney Co.’s DIS, +2.73% ESPN, Fox Corp. FOX, +0.55%, and Warner Bros. Discovery Inc. WBD, are teaming to create a joint streaming sports service, according to a Wall Street Journal report Tuesday. The as-yet unnamed service, which could be available as early as the fall and offer a sort of Hulu for sports, will be available to ESPN+, Hulu and Max subscribers. Each company will own one-third of the product, according to the report, citing people familiar with the matter.  ...

Ford Motor Co.’s stock soared more than 6% in the extended session Tuesday after the carmaker reported quarterly revenue above Wall Street’s expectations and played up the growth of its hybrid-vehicle business. Ford F, +4.14% lost $526 million, or 13 cents a share, in the fourth quarter, contrasting with earnings of $1.3 billion, or 32 cents a share, in the year-ago period. Adjusting for one-time items, including a pre-tax loss related to pensions, the carmaker earned 29 cents a share in the quarter, e ...

Activist investor Blackwells Capital has a solution for Walt Disney Co. and its chief executive Bob Iger to rev up sales: Split the company into three separate focused entities — sports, entertainment, and resorts. “Disney may simply be too complex for any one successor to Mr. Iger to manage holistically, and Blackwells believes that it is the responsibility of the Board to oversee these types of analyses in the ordinary course,” the investment firm said Tuesday in a proxy statement for Disney’s DIS, +1. ...

JPMorgan Chase & Co. said Tuesday it will add 500 branches and 3,500 employees by 2027, as the largest bank in the United States bucks the trend of layoffs and bank closures. All told, Chase JPM, +0.19% said it will renovate 1,700 locations and add 500 more including new markets. The plans include three new Community Center branches in Columbus, Ohio; and the New York boroughs of the Bronx and Brooklyn. Chase will grow its presence in locations such as Boston, Charlotte, N.C., Washington, Minneapolis an ...

Shares of Tesla Inc. were downgraded Tuesday by a longtime bull, who expressed concerns about increased focus on governance issues surrounding the electric-vehicle giant’s Chief Executive Elon Musk that could make a “tough” EV-demand environment even worse.The stock TSLA, +2.28% bounced 1.3% in morning trading, after closing the previous session at a nine-month low.Daiwa Capital Markets analyst Jairam Nathan cut his rating to neutral, after being at outperform for the past two years. He lowered his price ta ...

Shares of Eli Lilly and Co. LLY, +5.77% rallied toward a fifth-straight record close in premarket trading Tuesday, after the drug maker’s fourth-quarter earnings beat expectations, helped by a 16% jump in prices, and provided an upbeat 2024 revenue outlook. Net income rose to $2.19 billion, or $2.42 a share, from $1.94 billion, or $2.14 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.49 beat the FactSet consensus of $2.30. Revenue jumped 28.1% to $9.35 billi ...