November 21, 2023
“…The forecast was dampened by an expected 20% uptick in selling and general administrative expenses, the company said… The company’s reported net income for the three-month period that ended October 28 was $96.7 million, or 49 cents per share,… Continue Reading…
November 20, 2023
“The world’s richest 1% of people are responsible for around the same percentage of global carbon emissions as the 5 billion people who represent the 66% poorest, according to a report published Monday by Oxfam…” https://www.cnbc.com/2023/11/20/richest-1percent-produce-same-carbon-emissions-as-poorest-66percent-report-.html Let me translate this… Continue Reading…
November 20, 2023
“…As of October, 60% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. Overall, 4 in 10 consumers consider themselves worse off relative to 2022, the report found… Even… Continue Reading…
November 17, 2023
“…Nearly three-quarters, or 73%, of adults ages 27 to 42 are living paycheck to paycheck, LendingClub found… As of March, 66% of Gen Zers were living paycheck to paycheck — up from 58% a year ago, according to LendingClub…” https://www.cnbc.com/2023/04/28/73percent-of-millennials-are-living-paycheck-to-paycheck-new-report-finds.html
November 17, 2023
“Cisco shares closed down 9.8% Thursday, marking the worst day since May 19, 2022 when the stock slipped 13.7%. The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue… Continue Reading…
November 17, 2023
“Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. …Volvo shares are down 25% year to date… Geely will… Continue Reading…
November 14, 2023
“…The company has embraced a flexible work strategy, allowing managers and their teams to determine their own work arrangements. As such, Allstate has slashed more than half of its real estate, selling its Northbrook, Ill., headquarters in 2022. Some 99% of its 54,000… Continue Reading…
November 14, 2023
“…Wise reported revenue of £498.2 million, up 25% year-on-year, in the half-year ended on Sept. 30, 2023. Including interest income, the company’s total income stood at £656 million for the period, up 58% year-on-year. Before tax, company profit came in… Continue Reading…
November 10, 2023
“China’s largest chipmaker SMIC on Thursday posted a 80% drop in third-quarter profit as global demand weakness hit foundries hard. Net income for the quarter ended September plunged 80% compared to a year ago — larger than the 64% drop posted in second quarter… Continue Reading…
November 10, 2023
“The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: For the December period, Trade… Continue Reading…
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