Critical Chip Firm Asml Posts Fourthquarter Sales and Profit Beat
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Shares of fashion giant H&M drop 5% as fourth-quarter sales miss estimates but full-year profit beats
H&M on Thursday reported a slightly better-than-expected uptick in operating profit, although sales missed forecasts in the fourth quarter.CNBC - 22m -
Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target
Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.CNBC - 1h -
Wolfspeed posts revenue beat, cites ‘significant progress’ on new operating plan
Wolfspeed Inc.’s stock rose in extended trading Wednesday, after the semiconductor company beat Wall Street’s revenue expectations in its fiscal second-quarter results.MarketWatch - 7h -
Meta posts sharply higher Q4 profit, revenue, topping Wall Street's expectations
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media propertiesABC News - 7h -
Nvidia Supplier SK Hynix Posts Record Profit on AI Boom
The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.The Wall Street Journal - Jan. 22 -
VF Corp.’s stock surrenders gains from profit beat as CEO warns of choppy turnaround
VF Corp.’s stock moved into the red after posting a healthy gain earlier in the session on Wednesday, as the apparel and footwear maker’s results weren’t strong enough for the stock to sustain its ...MarketWatch - 15h -
ASML shares jump 10% as surge in orders defies fears of DeepSeek hitting AI chip demand
Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter.CNBC - 22h -
Selena Gomez’s Deleted Post About Undocumented Immigrants Draws Criticism
An Instagram video in which the actress was seen crying over arrests of undocumented immigrants led to criticism from various political figures.The New York Times - 1d -
World's largest luxury group LVMH posts better than feared full-year sales
The world's largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.CNBC - 1d -
British firms have been plagued by profit warnings and sliding output — and many aren’t hopeful for an imminent recovery
Rising costs helped fuel a swathe of profit warnings from London-listed firms in 2024, new data showed this week.CNBC - 1d -
WH Smith says post offices to stay if sale goes ahead
The potential sale of the retailer's High Street stores prompted questions over the fate of the post offices housed within them.BBC News - 2d -
Japan chip stocks fall as DeepSeek's challenge to U.S. AI dominance raises worries for Asian tech firms
Japan's chip-related stocks fall as DeepSeek gained momentum, raising concerns about a challenge to America's global leadership in artificial intelligence.CNBC - 3d -
The Book Report: Washington Post critic Ron Charles (January 26)
The "Sunday Morning" book reviewer offers his suggestions for the new year, including new novels by Adam Ross and Alafair Burke.CBS News - 3d -
1/26: The Book Report by Washington Post critic Ron Charles
The "Sunday Morning" book reviewer offers his picks from this month's new fiction and non-fiction titles, including new novels by Adam Ross and Alafair Burke.CBS News - 3d -
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits
Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.NBC News - 5d -
Givaudan Reports Profit Rise, Expects to Exceed Five-Year Sales Target
The flavor-and-fragrance company said full-year net profit for 2024 rose 22% to $1.2 billion, beating analyst expectations.The Wall Street Journal - 6d -
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits
Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.CNBC - 6d -
SK Hynix profits beat Samsung’s for first time on AI boom
South Korean chipmaker expects sales of high-bandwidth memory products to more than double this yearFinancial Times - Jan. 23 -
Nvidia Supplier SK Hynix Posts Record Profit on AI Boom
The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.The Wall Street Journal - Jan. 22 -
Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter
The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.The Wall Street Journal - Jan. 21 -
Olam Set to Announce Sale of Agribusiness Unit to Saudi Arabia Firm, Sources Say
Singapore-based Olam Group is close to announcing a deal to sell the remainder of its stake in its agricultural products business to the state-owned Saudi Agricultural and Livestock Investment ...The Wall Street Journal - Jan. 21 -
Target says its holiday sales were better than expected — but its profits weren't
The big-box retailer's report indicates that deals and promotional events motivated shoppers.CNBC - Jan. 16 -
Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boomABC News - Jan. 16 -
TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.CNBC - Jan. 16 -
JPMorgan Chase posts record profit as the bank's massive scale pays off
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history.NBC News - Jan. 15 -
JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.CNBC - Jan. 15 -
Private equity firm Providence weighs £1bn sale in latest events transaction
Company in early-stage deliberations over sale of CloserStill amid surging demand for conferencesFinancial Times - Jan. 15 -
Imec spins out Vertical Compute memory chip firm in $20.5M deal
Europe's Imec.xpand is spinning out memory chip firm Vertical Compute in a seed investment round worth $20.5 million.VentureBeat - Jan. 14 -
World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales
The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.MarketWatch - Jan. 10 -
Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views
The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.The Wall Street Journal - Jan. 10 -
Tesla posted record China sales in 2024. But this year is going to be tough as competition heats up
Tesla faces fresh threats as Chinese automakers double down on domestic market in the face of hefty export tariffs in the U.S. and European Union.CNBC - Jan. 6 -
Washington Post cartoonist resigns over paper’s refusal to publish cartoon critical of Jeff Bezos
Pulitzer prize winner Ann Telnaes had drawn a cartoon of the paper’s owner kneeling before Donald Trump. The Washington Post ’s Pulitzer prize-winning editorial cartoonist Ann Telnaes has resigned ...The Guardian - Jan. 4 -
Brompton profits almost wiped out after lower UK and Europe sales
British folding bike specialist cites economic headwinds and sector’s challenges as earnings drop below £5,000Financial Times - Jan. 2 -
China’s electric-vehicle leader BYD posts record sales in 2024
Bigger companies beat targets as intense competition rocks world’s biggest car marketFinancial Times - Jan. 2 -
BYD, Chinese EV Peers Post Record Sales for December
Chinese electric-vehicle makers have benefited from a government trade-in program in the world’s largest market for EVs.The Wall Street Journal - Jan. 1
