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

Heineken Sales Miss Forecasts as Consumers Shy Away From Beer

The Dutch brewer posted sales below analysts’ expectations in the third quarter as the group grappled with challenging consumer and industry trends in some markets, particularly the Americas and ...

Business - The Wall Street Journal - October 23

How are investors preparing for the Budget?

Executives are seeking to minimise their exposure ahead of what could be the biggest tax-raising statement for a generation

Business - Financial Times - 6 days ago

Apple cautious on holiday outlook as it starts AI rollout

Shares fall despite solid earnings as analysts weigh impact of new ‘Apple Intelligence’ features

Business - Financial Times - 3 days ago

Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.

Business - The Wall Street Journal - October 25

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.

Business - CNBC - 5 days ago

Nomura profits surge as chief takes pay cut over trading scandal

Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversy

Business - Financial Times - 4 days ago

ADM Discloses More Accounting Issues, Cuts Profit Outlook

The agriculture company disclosed more accounting problems and will amend some past financial results while slashing its profit forecast for the year.

Business - The Wall Street Journal - 8 hours ago

Porsche AG Sales Fall Amid Slow EV Market, China Woes

Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.

Business - The Wall Street Journal - October 25

Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

Billionaire Trump backer has targeted swing states with contest ahead of presidential election

Business - Financial Times - October 24

Honeywell’s stock falls as sales miss and lowered guidance offsets profit beat

Honeywell International Inc.’s stock fell 2.5% early Thursday, after the aerospace and technology company missed third-quarter sales estimates and lowered its guidance, offsetting a profit beat.

Business - MarketWatch - October 24

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - October 25

Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas

Vice-president seeks to energise women voters as White House race against Donald Trump tightens

Business - Financial Times - October 26

Nasdaq hits record high as tech stocks rebound from summer sell-off

Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ bet

Business - Financial Times - October 25

McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms

Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.

Business - CNBC - 6 days ago

Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss

Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.

Business - MarketWatch - 5 days ago

ASML share plunge wipes over $50 billion off Dutch chip giant's value

ASML published its third-quarter earnings Tuesday, a day earlier than expected.

Business - CNBC - October 16

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing

Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film ...

Business - MarketWatch - October 24

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

Standard Chartered lifts income guidance again after beating third-quarter profit forecasts

The lender, which derives most of its revenue from Asia, saw pre-tax profit jump of 37% from the $1.32 billion posted a year ago.

Business - CNBC - 6 days ago

U.S. crude oil prices fall more than 2% after OPEC cuts demand forecast again

Soft demand in China has weighed on the market for months.

Business - CNBC - October 14

Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress

The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.

Business - CNBC - October 23

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - 6 days ago

Estée Lauder’s stock heads for record selloff after profit warning, dividend cut

Consumer sentiment in China worsened, driving weak prestige beauty and Asia travel retail sales.

Business - MarketWatch - 5 days ago

Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market

Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a ...

Tech - ABC News - October 17

Procter & Gamble’s stock slips as profit beat, steady outlook offset a sales miss

Shares of Procter & Gamble Co. fell 1.2% in premarket trading Friday, after the consumer packaged-goods company reported fiscal first-quarter profit that beat expectations and maintained its ...

Business - MarketWatch - October 18

Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes

The French luxury group posted third-quarter revenue below analysts’ estimates and said it expects operating profit to nearly halve this year.

Business - The Wall Street Journal - October 23

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - 6 days ago

Nintendo Alarmo Review: Nagging Nostalgia

Nintendo’s alarm clock does less than we want it to for more than we want to pay. You might want to buy one anyway.

Tech - Wired - October 23

The stock market gives this candidate a 70% chance to be the next U.S. president

Incumbent political party is favored when the Dow is up year-to-date, according to a prediction model with a 99% confidence rating.

Business - MarketWatch - 2 days ago

Phasmophobia Coming To Haunt Consoles Just In Time For Halloween

If your Halloween plans included firing up some scary video games, you might need to make room for one more. Today, during the Xbox Partner Preview event, Kinetic Games revealed that ...

Tech - GameSpot - October 17

Phasmaphobia Console Trailer | Xbox Partner Preview 2024

The ghost hunting phenomena, Phasmaphobia, is finally making its way to consoles October 29. Turn off the lights, turn on your microphones, and get ready to talk directly to ghosts with three of ...