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Energy

“Oil giant Saudi Aramco’s second-quarter profit dips 3% on lower crude production volumes”

August 12, 2024

“Net income from the first half of the financial year was $56.3 billion, down from $62 billion during the same period last year. Aramco reaffirmed its second-quarter base dividend of $20.3 billion, and declared a performance-linked dividend of $10.8 billion… Continue Reading…

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Stocks

“Amazon shares tumble after third-quarter outlook disappoints”

August 7, 2024

“Amazon shares closed down about 8.7% on Friday, a day after the company reported mixed second-quarter results and gave a forecast for the third quarter that fell short of Wall Street’s expectations. Revenue in the second quarter rose 10% from a year earlier… Continue Reading…

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Business, Stocks

“Amazon shares slide on revenue miss, disappointing guidance for third quarter” [Aug 1 2024]

August 5, 2024

“Amazon reported weaker-than-expected revenue for the second quarter on Thursday and issued a disappointing forecast for the current period. The shares slid as much as 6% in extended trading. Here’s how the company did: Wall Street is also looking at these key numbers:… Continue Reading…

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Business

“Starbucks revenue misses estimates as same-store sales decline for second straight quarter”

August 2, 2024

“Starbucks’ quarterly earnings met expectations, but the company’s revenue fell short of Wall Street’s estimates. In China, same-store sales dropped 14%. The coffee reiterated its outlook after it slashed it last quarter, predicting that its sales slump would not end… Continue Reading…

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Business

“Boeing expects to burn cash again in third quarter after wider-than-expected loss” [Jul 31 2024]

August 2, 2024

“Boeing reported a bigger loss and weaker revenue than analysts expected for the second quarter. Both the company’s commercial and defense units have been challenged by programs running behind schedule and higher-than-expected costs. The company is under increased federal scrutiny… Continue Reading…

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Banking

“JPMorgan Chase tops second-quarter revenue expectations on strong investment banking” [Jul 12 2024]

July 26, 2024

“… …” https://www.cnbc.com/2024/07/12/jpmorgan-chase-jpm-earnings-q2-2024.html

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Economy

“U.S. economy grew at a 2.8% pace in the second quarter, much more than expected”

July 25, 2024

“…Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following… Continue Reading…

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Business

“TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts”

July 12, 2024

“TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications… Revenue in the April-June period of this year came in… Continue Reading…

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Stocks

“Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness” [JUN 27 2024]

July 1, 2024

“Shares of Nike plunged on Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe. The expected… Continue Reading…

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Stocks

“Carvana shares spike 30% as used car retailer posts record first quarter”

May 9, 2024

“…Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Carvana reported record first-quarter net income of $49 million, compared to a $286 million loss during the prior-year period. It also posted an… Continue Reading…

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