Says Drop Profits - QuikReader

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - 7 hours ago

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - 7 hours ago

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

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 - 2 hours ago

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline

Business - MarketWatch - Yesterday

Royal Caribbean CEO: Americans are ‘wealthier than ever’ and love to travel

Royal Caribbean’s stock pulls back from a record after revenue, profit outlook for the current quarter disappoint.

Business - MarketWatch - Yesterday

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 - Yesterday

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

Ballot drop box fires in Oregon and Washington are likely connected, police say

Ballot boxes in Portland, Ore., and neighboring Vancouver, Wash., were set on fire early Monday morning, police said, just over a week out from Election Day.

Starboard Value's Jeff Smith says Salesforce has 'a lot more to go' and can increase profitability

Salesforce has become more profitable in the past few years, but one activist investor says there's more for the software company to do.

Business - CNBC - October 22

Inflation is going higher, this market strategist says. Here’s his master plan to profit from it.

Hedgeye’s Keith McCullough is long gold, utilities, real estate and emerging markets.

Business - MarketWatch - Yesterday

Pelosi says she still hasn’t spoken to Biden since pressuring him to drop out

Ex-House speaker also says on Guardian podcast that she thinks Trump is ‘a grotesque word’ and rarely says his name. Nancy Pelosi has admitted she still has not spoken to Joe Biden since her ...

World - The Guardian - October 15

Patriots' Ja'Lynn Polk says he has 'best hands in the league' after Jerod Mayo criticizes his drops

Mayo called out the rookie receiver, who has developed a drop problem

Sports - CBS Sports - October 17

The market could get hit hard on a Harris win — but also drop on a Trump victory, says Morgan Stanley

Mike Wilson, Morgan Stanley’s chief U.S. stock market, explains why markets prefer a Trump victory, and the risks from either result in the 2024 election.

Business - MarketWatch - October 21

Florida woman used Roblox to instruct 10-year-old to kill infant by dropping him on floor, officials say

A 2-month-old was seriously injured after a 10-year-old dropped the baby on a tile floor after a woman allegedly instructed the child via Roblox on how to kill the infant.

McDonald’s stock drops as Quarter Pounders linked to E. coli outbreak, CDC says

An outbreak of E. coli linked to McDonald’s Corp. Quarter Pounder burgers has killed one person and hospitalized 10 people in 10 states.

Business - MarketWatch - October 23

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

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Morgan Stanley rounds off strong earnings season

Business - Financial Times - October 16

Whitbread Aims to Boost Profit, Shareholder Returns

The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and ...

Business - The Wall Street Journal - October 16

ABB Posts Higher Profit, Raises Margin Guidance

The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.

Business - The Wall Street Journal - October 17

CVS replaces CEO as profits, share price suffer

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

Tele2 Posts Higher Profits; Backs Targets

Tele2 reported a slightly higher third-quarter net profit, helped by growth in revenue from its core telecommunications services, though revenue and underlying earnings were a touch below ...

Business - The Wall Street Journal - October 22

Kering warns on profit as Gucci sales plunge

French luxury group grapples with turnaround at its biggest brand as demand dips in Asia

Business - Financial Times - 6 days ago

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

Business - CNBC - 6 days ago

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - 6 days ago

Barclays profits rise 23% as dealmaking returns

UK bank lifts guidance for net interest income

Business - Financial Times - 6 days ago

Hasbro’s third-quarter profit beats expectations, but its stock slips

Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.

Business - MarketWatch - 6 days ago

NatWest profits rise by a quarter as lending and deposits grow

Bank also sets aside £245mn in provisions for bad loans, higher than expectations of £173mn

Business - Financial Times - 5 days ago

China’s industrial profits plunge as economic momentum falters

Steep monthly decline in September comes as policymakers battle to restore confidence

Business - Financial Times - 3 days ago

FirstFT: Twin scandals hit PwC’s Asia profits

Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?

World - Financial Times - Yesterday

In Botswana’s Election, Diamond Profits Are a Defining Issue

The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.

World - The New York Times - 23 hours ago

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

Business - The Wall Street Journal - Yesterday

Santander's Profit Beats Expectations on Lower Provisions, Costs

Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...

Business - The Wall Street Journal - Yesterday

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990s

Business - Financial Times - 8 hours ago

StanChart to double investment in wealth management as profits rise

Wealth business had record quarter as revenues rose 32%

Business - Financial Times - 6 hours ago

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - 8 hours ago

Next profits poised to top £1bn for first time

UK retail bellwether raises outlook for third time in three months on the arrival of colder weather

World - Financial Times - 8 hours ago

Latest in Says Drop Profits

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

Volkswagen profit plunges 64% as China sales slide

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

Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

Royal Caribbean CEO: Americans are ‘wealthier than ever’ and love to travel

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

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

Ballot drop box fires in Oregon and Washington are likely connected, police say

Starboard Value's Jeff Smith says Salesforce has 'a lot more to go' and can increase profitability

Inflation is going higher, this market strategist says. Here’s his master plan to profit from it.

Pelosi says she still hasn’t spoken to Biden since pressuring him to drop out

Patriots' Ja'Lynn Polk says he has 'best hands in the league' after Jerod Mayo criticizes his drops

The market could get hit hard on a Harris win — but also drop on a Trump victory, says Morgan Stanley

Florida woman used Roblox to instruct 10-year-old to kill infant by dropping him on floor, officials say

McDonald’s stock drops as Quarter Pounders linked to E. coli outbreak, CDC says

Iberdrola Profit Lifted by Record Investments

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Whitbread Aims to Boost Profit, Shareholder Returns

ABB Posts Higher Profit, Raises Margin Guidance

CVS replaces CEO as profits, share price suffer

Tele2 Posts Higher Profits; Backs Targets

Kering warns on profit as Gucci sales plunge

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla Surprises Wall Street With Strong Third-Quarter Results

Barclays profits rise 23% as dealmaking returns

Hasbro’s third-quarter profit beats expectations, but its stock slips

NatWest profits rise by a quarter as lending and deposits grow

China’s industrial profits plunge as economic momentum falters

FirstFT: Twin scandals hit PwC’s Asia profits

In Botswana’s Election, Diamond Profits Are a Defining Issue

Clariant Third-Quarter Profits Miss Expectations

Santander's Profit Beats Expectations on Lower Provisions, Costs

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

StanChart to double investment in wealth management as profits rise

UBS reports better than expected profits

Next profits poised to top £1bn for first time

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