Latest in Crushes Profit
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BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.The New York Times - 1h -
Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses
Some traders made tens of millions off a new cryptocurrency launched by President Trump and his sons. Many others lost out.The New York Times - 1h -
Snap’s increased AI spending may push profits even further out
Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.MarketWatch - 1h -
UniCredit posts record profit as Orcel ups dealmaking stakes
Italian lender says its holding in insurer Generali is now above 5%Financial Times - 3h -
British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.CNBC - 4h -
Amazon Reports 88% Rise in Profits but Says Growth Could Slow
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.The New York Times - 4d -
Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai governmentABC News - 6d -
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 -
Travelers expects $1.7 billion insured loss from the California wildfires. Analysts still expect a profit.
Travelers’ CFO said the outbreak of wildfires were “a big event” for the insurance industry.MarketWatch - 4h -
BP set to scale back green investments as profits drop sharply
The oil giant is widely expected to say it will scale back on renewables later this month.BBC News - 4h -
Italy's UniCredit guides 2025 revenue slowdown after fourth-quarter profit beat
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.CNBC - 7h -
BP pledges ‘fundamental reset’ of strategy as profits sink
Chief executive Murray Auchincloss vows to boost performance after activist Elliott takes stakeFinancial Times - 10h -
We're adding to our position in a sliding stock and booking profits in a 2025 winner
We're making a pair of trades Monday as Wall Street rallies to kick off the week.CNBC - 1d -
McDonald’s sees wider margins ahead as same-store-sales surprise offsets a profit miss
McDonald’s stock rose 5% as investors latched on to the positive developments, despite some mixed results from the fast-food giant.MarketWatch - 1d -
Rockwell Automation crushes profit estimates but says customers are still cautious
Rockwell’s numbers eased investor concerns after the company missed sales estimates in three of the last six quarters.MarketWatch - 1d -
Travis Kelce Faces Retirement Questions After a Crushing Super Bowl Loss
Kelce’s output matched the decline he displayed during the season.The New York Times - 1d -
Singapore’s DBS reports record profits as long-serving chief bows out
City-state’s biggest lender buoyed by strong commercial and wealth management performancesFinancial Times - 1d -
Australia crush Sri Lanka in second Test to complete rare series sweep
Sri Lanka 257 and 231; Australia 414 and 75-1 in four days Spinners Lyon and Kuhnemann take seven wickets each Australia have capped off a brilliant summer with a nine-wicket defeat of Sri ...The Guardian - 2d -
Dreams ‘crushed’ as Ticketmaster cancels fans’ Oasis ’25 tickets
Those affected were accused of being bots and asked to fill out a form for the tour’s promoters to review. Oasis fans have said their “dreams have been crushed” after Ticketmaster cancelled their ...The Guardian - 2d -
Profitable cement company Titan America touts Florida, Mid-Atlantic reach in IPO
Titan America’s IPO raises $384 million by pricing toward the low end of its range.MarketWatch - 3d -
Amazon Reports 88% Rise in Profits but Says Growth Could Slow
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.The New York Times - 4d -
Candy Crush Solitaire debuts as 1st King game in a while
King has launched Candy Crush Solitaire around the world as the latest mobile game that carries the Candy Crush brand.VentureBeat - 5d