Financial Performance
- Tech
Zoom Still Needs the Little People
Zoom’s revenue growth from online customers has been slowing notably over the last few quarters. Photo: Justin Sullivan/Getty Images The…
Read More » - Finance
Cenkos scores five hires to bolster growth
Institutional stockbroker Cenkos has scored five new hires as it looks to grow its corporate finance, sales and research teams. Former head…
Read More » - Market
Zoom stock rallies 20% after earnings beat, improved profit forecast
Zoom Video Communications Inc. shares soared in the extended session Monday after the videoconferencing company topped Wall Street’s earnings expectations…
Read More » - Market
Buy the dip or sell the ‘rip’?: What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern
Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession,…
Read More » - Market
Richemont FY22 Sales EUR19.18B
By Joshua Kirby Compagnie Financiere Richemont AG on Friday posted strong sales growth and profitability for fiscal 2022, despite geopolitical…
Read More » - Tech
Cisco Rings a Worrisome Bell
Cisco Systems CSCO -4.43% is nothing if not reliable. Rare disappointments tend to be painful. The tech heavyweight known best…
Read More » - Market
U.S. retail sales climb in April in a sign economy still has vigor
The numbers: Sales at U.S. retailers rose a solid 0.9% in April and signaled the economy still has plenty of…
Read More » - Tech
Lordstown Motors’ Ability to Stay in Business Hinges on Raising Capital, Valuation, CFO Says
Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more…
Read More » - Market
Abbott, FDA reach deal to resume making baby formula at U.S. plant amid shortage
Abbott Laboratories and the Food and Drug Administration reached a deal Monday to restart production of baby formula at a…
Read More » - Market
Ryanair FY 2022 Net Loss Narrowed, Beats Consensus; Expects Return to Profitability in FY 2023
By Anthony O. Goriainoff Ryanair Holdings PLC said on Monday that its net loss for the fourth quarter narrowed as…
Read More » - Tech
SoftBank Reports Its Biggest-Ever Full-Year Loss
“The world is in a chaotic situation,” said Chief Executive Masayoshi Son, citing Covid-19 and Russia’s invasion of Ukraine. “In…
Read More » - Market
Merck KGaA 1Q After-Tax Pft EUR884M
By Xavier Fontdegloria Merck KGaA said Thursday that it expected higher profit and sales for 2022 after earnings and revenue…
Read More » - Market
Disney stock turns to a loss after warning about rough road ahead for streaming
The Walt Disney Co. added more streaming subscribers than expected in the wake of problems at rival Netflix Inc., but…
Read More » - Market
Siemens Energy 2Q Net Loss EUR252M
By Giulia Petroni Siemens Energy AG said Wednesday that its loss widened in the second quarter of its fiscal year,…
Read More » - Market
Here’s a list of 50 companies that are well-armed to beat back inflation
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX,…
Read More » - Market
Here’s the case for buying Netflix’s stock now
Netflix Inc. has become a value stock — a bargain, according to Charles Lemonides, chief investment officer at ValueWorks in…
Read More » - Market
China’s Car Sales Plunge 35.5% Amid Covid Lockdowns
By Selina Cheng HONG KONG–Car sales in China plunged 35.5% from a year earlier in April, recording their worst drop…
Read More » - Market
Munich Re 1Q Net Pft EUR608M Vs. Pft EUR589M
By Ed Frankl Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that first-quarter profit rose slightly on lower-than-average major losses in its property-casualty…
Read More » - Market
Palantir stock tumbles toward worst drop on record after outlook falls short
Executives at Palantir Technologies Inc. see the software company as strongly positioned for the current uncertain environment, but shares were…
Read More » - Finance
BP, Shell shareholders warn against ‘meddling’ windfall tax
Bumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy…
Read More » - Finance
Why splitting HSBC won’t clear political landmines
HSBC, Europe’s most valuable bank, makes most of its money in Asia but is headquartered in the UK. Now its…
Read More » - Finance
Apollo pushes into funds for wealthy investors
Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset…
Read More » - Finance
Here’s why Elizabeth Warren is concerned over Fidelity’s bitcoin pension plan
Senator Elizabeth Warren voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky…
Read More » - Market
Adidas 1Q Sales EUR5.3B
By Joshua Kirby Adidas AG said it expects full-year profitability to be dragged by continued declining sales in Greater China…
Read More » - Market
International Cons Airlines GroupIAG 1Q Passenger Capacity 65% of 2019
By Anthony O. Goriainoff International Consolidated Airlines Group SA said Friday that operating loss for the first quarter narrowed as…
Read More » - Market
UniCredit 1Q Net Pft EUR247M
By Cristina Roca UniCredit SpA reported a drop in first-quarter earnings Thursday, dragged by rising provisions related to its Russian…
Read More » - Finance
UniCredit reports fall in Q1 earnings from poor performance of Russia business
UniCredit reported a drop in first-quarter earnings on 5 May, dragged by rising provisions related to its Russian business, and…
Read More » - Finance
Robinhood boosts trading app with stock trading service
Robinhood Markets said on 4 May that it is adding stock lending to its trading app, the latest in a…
Read More » - Market
BMW Backs 2022 View
By Kim Richters BMW AG said Thursday that profit for the first three months of the year jumped as it…
Read More » - Market
Fed lifts interest rates and to wind down $9 trillion bond stockpile in double-pronged attack on high U.S. inflation
“Inflation is much too high and we understand the hardship it is causing,” said Fed Chairman Jerome Powell in what…
Read More »