Latest in Profit Drop
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Spotify shares pop on better-than-expected profit forecast
Shares of Spotify rose in after-hours trading as investors focused on the company's profit forecast more than its third-quarter results.Business - CNBC - Yesterday -
Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.Business - CNBC - Yesterday -
Mali’s junta escalates fight with mining groups over profit share
Resolute Mining chief and colleagues held as junta want greater share of gold producers’ profitsBusiness - Financial Times - Yesterday -
ABN Amro Posts Profit Beat, Delays Next Buyback Decision
ABN Amro Bank will take longer than expected to decide on its next share buyback as it adapts to new capital rules, sending shares lower in early trading despite the Dutch lender’s ...Business - The Wall Street Journal - Yesterday -
Disney’s stock surges as streaming profits grow and film releases shine
“Inside Out 2” and “Deadpool & Wolverine” were big winners for Disney in the latest quarter.Business - MarketWatch - 7 hours ago -
Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes
The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.Business - The Wall Street Journal - 10 hours ago -
Swiss Re Net Profit Falls On U.S. Liability Reserve Increase
The reinsurer said resilient underwriting and contributions from all its business lines were offset by a $2.4 billion increase in the liability reserves of its property and casualty U.S. business.Business - The Wall Street Journal - 10 hours ago -
Chrysler and Jeep maker sees North American deliveries dive 36%
Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024Business - MarketWatch - October 16 -
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.Business - The New York Times - October 17 -
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Lucid’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.Business - MarketWatch - October 17 -
Harvard donations drop sharply in wake of criticism over Israel protests
Donors and alumni cut gifts to west’s wealthiest university by 14% to below $1bn with endowment fund taking brunt of hitWorld - Financial Times - October 17 -
Charges dropped against Tyron McAlpin following release of arrest video
The announcement comes after police body camera video of Tyron McAlpin's violent arrest became public and sparked outcry.Top stories - CBS News - October 17 -
Charges against deaf Black man beaten by Phoenix police dropped
Prosecutors in Arizona have dropped all charges against a deaf Black man with cerebral palsy who was beaten by Phoenix police in August after he didn’t respond to their orders, authorities ...Politics - The Hill - October 18 -
Some NBA player props dropped after Porter case
FanDuel, DraftKings and BetMGM are among the sportsbooks that will not offer under bets on NBA players on two-way or 10-day contracts to combat manipulation, following discussions between the ...Sports - ESPN - October 18
