Latest in Profit Falls Downstream

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TotalEnergies Profit Falls as Downstream Margins Bite

TotalEnergies reported a sharpy-lower net profit in the third quarter on weaker refining margins, production and prices, but said output should pick up going forward.
Business - The Wall Street Journal - 11 hours ago
Truck maker Volvo's Q3 adjusted profit falls more than expected

Adjusted operating profit was 14.1 billion crowns ($1.34 billion against a year-earlier 19.3 billion and a mean forecast in an LSEG poll of analysts of 15.6 billion, on a sales drop of 12%. Volvo ...
Sports - Yahoo Sports - October 18
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
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 - 5 days ago
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 - 5 days ago
PwC profits fall in Asia after scandals in China and Australia

Big Four firm reports slower global growth as regional woes compound consulting industry slowdown
Business - Financial Times - 2 days ago
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 - 2 days ago
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 - 2 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 - Yesterday
The Musk-led group driving millions to Trump’s White House bid

Also in today’s newsletter, shamelessness in American politics and Kamala Harris’s appearance on Fox News
World - Financial Times - October 17
How the UK can improve its ‘offer’ to the world

Eli Lilly’s chief says the country must do more to attract business, yet budgets are tight
World - Financial Times - October 17
Gold: ‘the ultimate perceived safe haven asset’?

BofA gets the goldbug
World - Financial Times - October 17
Cheaper alternative to northern leg of HS2 under consideration

Feasibility study to be launched for a Birmingham to Manchester rail route that could be part-funded by private finance
World - Financial Times - October 17
Labour’s unambitious reset with the EU

The UK government has constrained itself too much within its red lines
World - Financial Times - October 17
Liz Kendall expected to retain £1.3bn cut to UK sickness benefits in Budget

Move by work and pensions secretary likely to cause concern among disability rights activists
World - Financial Times - October 17
World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).
Business - CNBC - October 22
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
Colgate-Palmolive beats profit views, even as prices fall in North America again

Colgate-Palmolive’s stock turned red in premarket action Friday, after the consumer-products company beat third-quarter earnings expectations and lifted its outlook, but saw relative weakness in ...
Business - MarketWatch - 6 days ago
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 - 2 days ago
Ceramic mugs, condiment bars and comfier seats are coming to more Starbucks stores, as new CEO looks to re-caffeinate sales

Starbucks Corp. on Wednesday said its latest quarterly results “do not reflect the strength of our brand,” and said it needed to make fundamental changes to bring back customers.
Business - MarketWatch - 19 hours ago
Iberdrola Profit Lifted by Record Investments

Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.
Business - The Wall Street Journal - October 23
Inside the fall of 23andMe

Once worth $6 billion, 23andMe has lost 98% of its value and is on the verge of being delisted from the Nasdaq. So what happened?
Business - CNBC - October 23
Fall Fashion in Full Bloom

Knits, layers and other trappings of the season blended with vibrant bouquets at a London flower market.
Lifestyle - The New York Times - 5 days ago
Will the price of gold fall this November?

The price of gold has broken multiple records so far in 2024. But will it fall this November? Here's what to consider.
Top stories - CBS News - 6 days ago
The Best Trench Coats for Fall

Start here.
Lifestyle - The New York Times - 10 hours ago

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