Uk Corporate Profitability Stable Despite Greedflation Claims
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Corporate profits soar
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Corporate profits, economic growth skyrocket During the final quarter of 2023, gross domestic product (GDP) and corporate ...The Hill - Politics -
Corporate profits hit record high as economy boomed in fourth quarter of 2023
Gross domestic product (GDP) and corporate profits both smashed expectations in the fourth quarter of 2023 as the knock-on effects of pandemic stimulus juiced the U.S. economy. GDP came in at a 3.4 percent increase, below the massive bump of 4.9 ...The Hill - Politics -
UK investigating claims Hamas attack survivors faced antisemitic abuse at airport
Two Israeli brothers, who were at Nova Music Festival, say they were detained by Border Force at Manchester airport. The Home Office is investigating allegations that two Israeli survivors of the 7 October Hamas terror attacks were subjected to ...The Guardian - World - United Kingdom -
‘I’m not profiting from misery. I’m averting more’ – Thales’s UK boss on making missiles for Ukraine
Whether manufacturing drones or printing British blue passports, the defence contractor is flying high in a geopolitically risky climate. For a “ferocious remainer”, Alex Cresswell is remarkably proud of his blue passport. For some, the dark ...The Guardian - World - Ukraine -
Moscow terror attack: Putin says all four gunmen held as death toll reaches 133
Putin suggests – without evidence – that Kyiv may have been involved in attack, claiming attackers planned to flee to Ukraine. Vladimir Putin said Russia had arrested all four gunmen responsible for the shooting that killed 133 people at a concert ...The Guardian - World - Russia -
Russia-Ukraine war live: 200,000 without power in Ukraine since Friday; Nato could ‘shoot down Russian missiles near borders’
Attack on energy infrastructure on last week still causing blackouts; Poland’s deputy foreign minister warns Russia of consequences if missiles enter territory. The Kremlin has refused to be drawn on whether it believed there was a link between ...The Guardian - World - Ukraine -
Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle
Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five yearsABC News - Tech - Donald Trump -
Russia persists in blaming Ukraine for concert attack despite its denial and Islamic State's claim
Russian officials persist in saying Ukraine and the West had a role in last week’s deadly Moscow concert hall attack despite vehement denials of involvement by Kyiv and a claim of responsibility by an affiliate of the Islamic State groupABC News - World - Ukraine -
Japan's corporate service inflation steady in February
Yahoo News - World - Japan -
Semtech’s stock pops after sales hike shows business has ‘progressed from stable to growing’
Semtech Corp.’s stock initially soared 17% before cooling a bit in extended trading Thursday after the company rang up better-than-expected sales and strong sales guidance for its current quarter.MarketWatch - Business -
Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall
President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.The New York Times - Business - Joe Biden -
Canada Goose shares drop after plans to cut 17% of corporate workforce
Canada Goose shares retreated Tuesday after the Canadian clothing company said it was again chopping head office jobs in a bid to reduce costs and position for longer-term growth.MarketWatch - Business -
China Industrial Profits Return to Growth
China’s industrial profits returned to growth at the start of the year, adding to signs that the world’s second-largest economy is on stronger footing.The Wall Street Journal - World - China -
U.S. corporations want a retroactive tax break from Congress that would cost Americans $33 billion
Retroactive removal of deduction limits is a giveaway to corporations.MarketWatch - Business -
Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs
Canada Goose said Tuesday that it will cut about 17% of its corporate workforce as consumers continue to pull back on discretionary spending.CNBC - Business -
China’s answer to Instagram makes first profit
Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last yearFinancial Times - World - China -
Kingfisher Warns on Profit, Weak Demand Outlook
Kingfisher said it expected profits to fall this year, flagging weaker consumer demand, and that it would streamline its French business.The Wall Street Journal - World -
PetroChina Posts Record Profit, but Revenue Misses Estimates
Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices.The Wall Street Journal - World -
PetroChina Posts Record Profit, but Revenue Misses Estimates
Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices.The Wall Street Journal - Business -
Kingfisher Warns on Profit, Weak Demand Outlook
Kingfisher said it expected profits to fall this year, flagging weaker consumer demand, and that it would streamline its French business.The Wall Street Journal - Business -
U.S. Regulators Urge Congress to Look Into Grocery Profits
Antitrust concerns among the biggest chains date back to pandemic-era supply chain issues.Inc. - Business -
BYD: Chinese electric vehicle giant with surging profits
Yahoo News - World -
BYD misses profit forecasts as Huawei challenge emerges
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms groupFinancial Times - World -
UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
The Atlantic tops 1 million subscribers and is profitable
The Atlantic has topped 1 million subscribers and is profitable, the company announced this week. Overall revenue for the company is up more than 10 percent year over year, while advertising booked year-to-date is also up 33 percent from 2023, it ...The Hill - Politics -
How Russia pushed false claims about Moscow attack
BBC Verify examines how the campaign to blame Kyiv unfolded.BBC News - Top stories - Russia -
UK stocks are not all that cheap
A bargain in the aggregate, not the particularFinancial Times - Business - United Kingdom -
The US Claims Apple Has a Stranglehold on the Future
The Department of Justice antitrust lawsuit against Apple says the company’s grip on iPhone users and developers is blocking future innovation in tech.Wired - Tech - Apple -
Insurers Report Rising Hail Damage Claims
Inflation is driving up the cost of materials and labor to repair roofs and cars. Adding to insurers’ costs is increased development in areas affected by severe storms.The New York Times - Business -
Asos, Boohoo and George pledge clearer green claims
Asos, Boohoo and George at Asda will make changes after intervention from the competition authority.BBC News - Top stories -
France to sue teen in headscarf row with school head
The girl's false allegations about her headmaster led to death threats and his sudden resignation.BBC News - Top stories -
Ruby Franke’s husband claims Jodi Hildebrandt was possessed
The estranged husband of Ruby Franke, the Utah family vlogger convicted of child abuse, alleged that her business partner Jodi Hildebrandt was possessed.NBC News - Top stories -
Sinopec’s profit fell in 2023 amid oil market volatility
The company said it expects international oil prices to “fluctuate at medium to high levels” in 2024.MarketWatch - Business -
WuXi AppTec's Net Profit Jumps, Reiterates It Doesn't Pose Security Threat
Chinese biotechnology company WuXi AppTec said net profit jumped last year, while reiterating that it doesn’t pose a security threat to any country amid worries over a potential U.S. ban.The Wall Street Journal - Tech -
UK MPs to be given warnings on threat of Chinese cyber attacks
Reprisals expected just as company from China eyes investment in Midlands battery gigafactoryFinancial Times - Business - United Kingdom -
What is the preventive cancer treatment Princess Catherine is receiving?
Chemotherapy can target microscopic cells to prevent the disease from spreadingFinancial Times - Business -
B&Q owner Kingfisher forecasts profits to fall this year
London-listed group strikes cautious note on DIY marketFinancial Times - Business -
McCormick’s stock gains as spice maker benefits from consumers eating at home more
McCormick’s net income climbs 19% as spice company refocuses on more profitable products.MarketWatch - Business -
BYD Net Profit Rises as It Overtakes Tesla as Top EV Seller
BYD sold more than 526,000 fully electric vehicles in the fourth quarter, topping Tesla for the first time as the world’s largest seller of EVs on a quarterly basis.The Wall Street Journal - World -
BYD Net Profit Rises as It Overtakes Tesla as Top EV Seller
BYD sold more than 526,000 fully electric vehicles in the fourth quarter, topping Tesla for the first time as the world’s largest seller of EVs on a quarterly basis.The Wall Street Journal - Business