Electronics Chip Profit

HSBC chief says east-west division will not lead to ‘any split’

Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive

Business - Financial Times - 2 days ago

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 - 2 days ago

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 - Yesterday

PayPal beat big on a profit metric, but here’s why its stock is falling

PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”

Business - MarketWatch - Yesterday

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 - Yesterday

Adani Enterprises profit rockets on growing airports and green business

Quarterly results boost Gautam Adani’s conglomerate as it seeks to bounce back from damaging allegations

World - Financial Times - Yesterday

BP's Profit Hits Four-Year Low on Commodity Market Weakness

BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.

Business - The Wall Street Journal - Yesterday

Google’s strong earnings boosted by cloud computing gains

Parent company Alphabet’s shares rise 6% as results show lift from AI demand

Business - Financial Times - 23 hours ago

Fiona Hill: Musk, Trump 'all about their own profits and power'

Former National Security Council (NSC) adviser Fiona Hill said in a new interview that former President Trump and tech billionaire Elon Musk are “all about their own profits and power.” As two ...

Politics - The Hill - Yesterday

Reddit shares soar 25% as it turns its first profit

Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off

Business - Financial Times - Yesterday

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - Yesterday

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - 18 hours ago

Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.