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Latest in BP shares fall to lowest since 2022 after sharp drop in the oil major's third quarter profit

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  • BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

    British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.
    Business - CNBC - October 29
  • BP reports lowest quarterly profit since pandemic on weak oil prices

    BP reports lowest quarterly profit since pandemic on weak oil prices

    Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase
    Business - Financial Times - October 29

  • BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

    BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline
    Business - MarketWatch - October 29
  • BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

    BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

    The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.
    Business - The New York Times - October 29

  • Oil giant Shell posts $6 billion profit beat, launches new share buyback program

    British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.
    Business - CNBC - October 31

  • Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

    Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
    Business - CNBC - November 5

  • Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

    Lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.
    Business - CNBC - November 5

  • Deutsche Bank shares fall on doubling of third-quarter loan losses but profits rise

    Deutsche Bank’s pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisition
    Business - MarketWatch - October 23

  • Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

    British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.
    Business - CNBC - October 24
  • Pinterest Stock Falls Despite Rise in Third-Quarter Profit, Revenue

    Pinterest Stock Falls Despite Rise in Third-Quarter Profit, Revenue

    The social-media platform’s revenue jumped 18% year over year, slightly above Wall Street’s forecast.
    Business - The Wall Street Journal - November 7
  • BMW Posts Sharp Fall in Automotive Profitability

    BMW Posts Sharp Fall in Automotive Profitability

    BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.
    Business - The Wall Street Journal - November 6

  • Coinbase shares fall as muted crypto trading leads to a third-quarter miss

    Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market.
    Business - CNBC - October 31
  • Deutsche Bank warns of rising bad loan provisions

    Deutsche Bank warns of rising bad loan provisions

    German lender posts record third-quarter profits but tells investors to brace again for credit risks
    Business - Financial Times - October 23
  • Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

    Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

    Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues
    World - ABC News - November 5

  • Jobless claims fall to lowest level since May

    Companies may not be hiring at the same pace as earlier in the year — but they are also not firing workers.
    Business - MarketWatch - November 14

  • Avis’s stock slides after third-quarter earnings fall short of estimates

    Avis Budget Group’s stock was falling in after-hours trade Thursday, after the car-rental company’s third-quarter earnings fell short of estimates.
    Business - MarketWatch - October 31

  • Coinbase’s stock falls nearly 5% as earnings fall short of estimates

    Coinbase Global Inc.’s stock fell in after-hours trading Wednesday, after the cryptocurrency exchange’s third-quarter profit and revenue fell short of estimates.
    Business - MarketWatch - October 31

  • Coca-Cola CEO says McDonald's E. coli outbreak won't hurt beverage company's sales

    Coca-Cola CEO James Quincey said an E. coli outbreak linked to McDonald's isn't likely to hurt the beverage company's sales at this stage.
    Business - CNBC - October 23

  • Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures

    Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.
    Business - CNBC - October 23
  • September home sales drop to lowest level since 2010

    September home sales drop to lowest level since 2010

    Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the ...
    Top stories - NBC News - October 23

  • Warren Buffett — worried about impersonators — says he doesn't endorse candidates or investments

    Buffett's actions were triggered in part by a fake political endorsement alerted to him on Meta's Instagram.
    Business - CNBC - October 23

  • Global public debt will hit $100 trillion by year-end, says IMF

    The IMF warned of the risks posed by unsustainable public debt levels.
    Business - CNBC - October 23

  • CDC told McDonald's about potential E. coli outbreak late last week

    Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time.
    Business - CNBC - October 23

  • 10-year Treasury yield briefly tops 4.25%, hits highest level since late July

    The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.
    Business - CNBC - October 23

  • Watch Ripple CEO Brad Garlinghouse speak live on legal battle with SEC and upcoming election

    Ripple CEO Brad Garlinghouse will speak at DC Fintech Week in Washington, D.C., on Wednesday afternoon.
    Business - CNBC - October 23

  • Abercrombie & Fitch responds to former CEO's sex trafficking arrest, says it will cooperate with law enforcement

    Abercrombie & Fitch said it will cooperate with law enforcement after its former CEO Mike Jeffries was arrested on sex trafficking and related charges.
    Business - CNBC - October 23

  • Tesla investors have a lot of questions for Musk about Trump

    On a forum that Tesla uses to solicit questions from investors ahead of earnings, there are a bunch of questions about Republican nominee Donald Trump.
    Business - CNBC - October 23

  • IBM stock slips on disappointing consulting and infrastructure revenue

    IBM's critical software category performed well due to Red Hat's gains, but the consulting and infrastructure segments pulled down overall results.
    Business - CNBC - October 24

  • Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand

    Revenue for the third quarter grew about 94% year-on-year.
    Business - CNBC - October 24

  • Tim Cook is likely visiting China to bolster support for Apple Intelligence, analysts say

    The CEO met with China's Minister of Industry and Information Technology as well as the heads of some local companies, including China Mobile and Weibo.
    Business - CNBC - October 24

  • Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

    Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.
    Business - CNBC - October 24

  • Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

    Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.
    Business - CNBC - October 24

  • Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft

    As Chinese smartphone company Oppo gears up for a flagship phone launch overseas, it says it has weekly AI talks with Google and Microsoft senior management.
    Business - CNBC - October 24

  • Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks

    The S&P 500 was trying to break a three-session losing streak.
    Business - CNBC - October 24

  • Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency

    Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
    Business - CNBC - October 24

  • Generative AI is onboarding hundreds of employees at a time, better and faster

    Onboarding new employees is a core responsibility of talent leaders. It's increasingly being turned over to AI.
    Business - CNBC - October 24

  • OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns

    OpenAI is disbanding its "AGI Readiness" safety team, which advised the company on its capacity to handle the outcomes of increasingly powerful AI.
    Business - CNBC - October 24

  • Tesla stock soars 22% for best day in over a decade on Musk's 2025 growth projection

    Tesla shares soared 22% Thursday, the stock's best day in 11 years, following its better-than-expected third-quarter earnings.
    Business - CNBC - October 24
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