Record Selloff Profit

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 - 13 hours ago

Maersk Profit Rises as Red Sea Disruptions Continue

Maersk’s third-quarter net profit jumped after continued disruptions in the Red Sea shipping lanes pushed freight rates higher.

Business - The Wall Street Journal - 14 hours ago

ING Lifts Outlook After Profit Beat

ING raised its total income outlook for the year and said it would distribute up to $2.7 billion to shareholders after net profits topped expectations.

Business - The Wall Street Journal - 14 hours ago

General Motors’ stock jumps after big profit beat, progress on EV profits

GM’s stock rallies toward a multiyear high after profit beat by a wide margin and the full-year outlook was raised.

Business - MarketWatch - October 22

Flood defences 'in worst state on record'

The floods minister says she will spend millions on repairs, as victims tell of a "national crisis".

Early voting record shattered in Georgia

Georgia voters took to the polls in record numbers Tuesday, casting more than 300,000 ballots on the first day of early voting, according to officials. Gabe Sterling, the chief operating officer in ...

Politics - The Hill - October 16

Living conditions to be added to NHS records

A housing provider says it will reduce the burden on the NHS and help them better serve residents' needs.

Tuberculosis infections highest on record: WHO

Global tuberculosis cases reached an all-time high in 2023, with nearly 11 million people estimated to have become sick with the disease last year. According to the World Health Organization's ...

Politics - The Hill - Yesterday

UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...

Business - MarketWatch - October 15

Goldman profits jump 45% to $3bn after trading boost

Net income outstrips expectations despite hit from retail banking retreat

Business - Financial Times - October 15

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results

Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.

Business - CNBC - October 15

Profits Leap at Goldman Sachs as Banks See Steady Economy

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

Top stories - The New York Times - October 15

Charles Schwab is profiting from customers who want professional help with investing

The brokerage said it is seeing increased inflows into its wealth-management offerings.

Business - MarketWatch - October 15

BlackBerry Sees Rising Profitability Through Focus on Growth Opportunities

The Canadian company told investors its immediate priority was streamlining investments in its Cylance cybersecurity unit and focusing on opportunities for growth, mainly QNX.

Business - The Wall Street Journal - October 16

TSMC beats forecasts with 54% surge in profits on soaring AI demand

Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms

Business - MarketWatch - October 17

TSMC profits jump 54% on back of AI chip boom

World’s biggest chipmaker says demand has recovered across all segments despite fears of industry slump

Business - Financial Times - October 17

Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges

Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...

Business - MarketWatch - October 17

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

AI Boom Is Real---and Really Profitable---Says Chip Maker TSMC

The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year.

Business - The Wall Street Journal - October 17

Netflix adds 5 million subscribers and beats Wall Street's profit expectations

Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.

Entertainment - Los Angeles Times - October 17

Netflix to double profits after adding millions of subscribers in three months

After cracking down on password sharing, expanding into ads and investing billions in live TV, group declares success. Netflix expects to double its profits this quarter after the world’s largest ...

World - The Guardian - October 17

Netflix's subscriber growth is slowing, but its profit and stock price are still surging

Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off

Tech - ABC News - October 17

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

‘Money Like a Woman’: A Bold Move to Align Purpose With Profit

A New York credit union is on a mission: women’s financial empowerment. More than half its customers are men. Here’s the strategy.

Business - Inc. - October 18

Starbucks boss shakes up menu to win back customers

The coffee shop chain has also promised to look at pricing and staffing to prevent bottlenecks

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