August 21, 2023
“Singapore Telecommunications reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia’s… Continue Reading…
August 17, 2023
“…In the retail giant’s second quarter earnings release, out before the market open on Thursday, Walmart posted same-store sales that rose 6.30%, more than the 4.04% expected, according to data from Bloomberg. Foot traffic increased for Walmart, up 2.8%, along with… Continue Reading…
August 15, 2023
I did some digging and I found some good resources for news happening in China. info is hard to come by because of all the white washing in news articles. It makes it hard to understand whats going on. It’s… Continue Reading…
August 15, 2023
https://finance.yahoo.com/m/7a5dbac6-51ee-38c9-8218-f8bd736dac4e/home-depot-tops-earnings.html The article is behind a paywall but the headline is useful. There’s a 15 billion dollar buyback.
August 15, 2023
“IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR)… Continue Reading…
August 14, 2023
“…The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin Ltd. Another 18 funds were liquidated, the… Continue Reading…
August 11, 2023
“…The Google owner generated nearly $29 billion in cash in the second quarter after cutting thousands of jobs and efforts to stanch losses in its various moonshot projects. That left Alphabet with cash and short-term marketable securities of about $118… Continue Reading…
August 9, 2023
“Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen… Like other automakers, Honda said it benefited from strong sales to retail customers in… Continue Reading…
August 9, 2023
“Bud Light may never recover from the ongoing controversy surrounding the brand, according to an anonymous beer distributor who spoke to the New York Post on July 31… During the past few months, the company experienced hiring freezes and mass layoffs. Beer… Continue Reading…
August 9, 2023
“Sony on Wednesday reported a 31% fall in profit in the first fiscal quarter as its life insurance unit dragged on its bottom line, but the company raised full-year sales forecasts on the back of expected strength for its PlayStation gaming… Continue Reading…
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