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BMW Posts Sharp Fall in Automotive Profitability

BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.

Business - The Wall Street Journal - 3 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 - October 29

Trudeau announces sharp cuts to Canada's immigration targets

The government says it "didn't get the balance quite right" when it bolstered immigration to address labour shortages.

Jobless claims retreat after last week’s sharp increase

One week after hitting the highest level in more than a year, initial jobless claims retreated by 19,000 to 241,000, the Labor Department said Thursday.

Business - MarketWatch - October 17

Harris Fox News interview draws sharp reactions on both sides

“If she wins, it will be because of that answer … which is ‘I’m not Joe Biden,’” columnist Chris Cillizza noted.

Politics - The Hill - October 17

Trump and Harris trade sharp attacks as 2024 presidential race heats up

As the race in Michigan tightens, former President Donald Trump and Vice President Kamala Harris delivered sharp critiques of each other, with Trump making pointed comments at a charity dinner and ...

What to do with Honeywell stock after its sharp post-earnings pullback

The industrial giant reported mixed third-quarter results compounded by a mixed outlook.

Business - CNBC - October 24

Week 7 NFL trends, predictions, bets, odds: Sharp money picks from professional football bettors in Las Vegas

Sportsbook veterans and Las Vegas insiders reveal sharp money Week 7 against the spread NFL picks from respected pro football bettors

Sports - CBS Sports - October 20

Sharp stock selloff in early August might be preview of coming events, IMF warns

Investor sentiment appears rosy, even in the face of elevated uncertainty, over the U.S. presidential election and wars around the world, the IMF said

Business - MarketWatch - October 22

Week 8 NFL trends, predictions, odds, bets: Sharp money picks by professional football bettors in Las Vegas

Sportsbook veterans and Las Vegas insiders reveal sharp money Week 8 NFL against the spread picks from respected pro football bettors

Sports - CBS Sports - October 27

Review: In sharp documentary 'Dahomey,' African art returns home, but colonialism still stings

A conversation-starter of a film by director Mati Diop, this brief but complex examination of a France-to-Africa transfer of ancient art asks: Who benefits?

Entertainment - Los Angeles Times - November 2

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 - October 24

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 - October 24

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 - October 24

Barclays profits rise 23% as dealmaking returns

UK bank lifts guidance for net interest income

Business - Financial Times - October 24

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 - October 24

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 - October 25

China’s industrial profits plunge as economic momentum falters

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

Business - Financial Times - October 27

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 - October 29

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 - October 29

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 - October 29

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 - October 29