Business
Goldman Sachs profits jump as CEO eyes more merger activity
Goldman Sachs reported a jump in second-quarter profits on Wednesday behind significant increases in financial advisory revenues that…
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Profits
Business
United Airlines profits dip but says Newark has rebounded
United Airlines reported a drop in second-quarter profits on Wednesday on higher costs and predicted a rise in travel as geopolitical…
Business
US bank profits to climb on stronger trading, investment banking
Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.…
Business
Tesla short sellers set to pocket about US$1.4 billion in profits after stock slump
Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this year Traders are set to make about US$1.4 billion in paper…
Business
Thai telco core profits expected to jump 38% in 2025, outpacing market: Maybank
The core earnings of Thailand’s telecommunications sector are expected to rise 38 per cent in 2025, outpacing the Stock Exchange of…
Business
Nike profits sink but company says it is turning a corner
Nike reported sharply lower quarterly profits on Thursday, but signalled it was past the worst stage of a corporate retooling as it…
Business
FedEx forecasts profits below analysts’ target, shares dive 5% after hours
FedEx signalled caution ahead with a forecast for the current quarter that was short of the target set by analysts, and shares of the…
Business
AI bets that fuelled Big Tech’s surge now threaten rich profits
Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fuelling concerns for profit margins…
Business
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 Malaysia’s state-owned oil firm will reduce headcount…
Business
EV Discounts in China Reach Record High With Profits Limited to 3 Automakers
China’s EV price war is bigger than ever, but for how long? China has recently gained a reputation for offering significant electric…
Business
The RealReal’s Sales and Profits Rise in Q1, but Investors Want More
The RealReal Inc. showed some forward momentum in the first quarter — and stuck by its financial guidance for the year — but Wall Street…
Business
Mobile Marketing: Text Your Way to Profits
Mobile marketing is changing the way businesses connect with their customers. With more people using their phones for everything from…
Business
Predictive Analytics: See Your Future Profits
Predictive analytics is a game-changer for businesses looking to boost their profits. By using data to forecast future trends and customer…
Business
China bubble tea chain Mixue profits spike 40% in 2024
Chinese bubble tea and drinks firm, Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest…
Business
Autodesk to cut jobs as it targets higher profits
AUTODESK is planning to cut about 1,350 employees as part of a broader focus on profitability following pressure from investors including…
Business
Listed companies can dial down on diversity; profits, financial prudence, shareholder treatment matter more
LIVING in multi-racial, multi-religious Singapore – where people hail from diverse nationalities and many are foreign-born – is fun. One…
Business
McDonald’s profits dented by food poisoning outbreak
MCDONALD’S reported a dip in profits on Monday as it contended with lingering effects from a US food poisoning outbreak that depressed…
Business
MUFG looks beyond record profits to win global investors
AS JAPAN’S biggest bank heads for record profit that surpasses even its own projections, one thing is on the mind of its chief financial…
Business
Supermarkets 'putting profits above human rights', MP says
Supermarkets in the UK that appear to be selling products linked to slave labour in China may be “complicit in putting profits above human…
Business
China Oct industrial profits narrow decline but demand remains weak
By Qiaoyi Li, Joe Cash and Liangping Gao BEIJING (Reuters) -China's October industrial profits narrowed their earlier declines, helped by…
Business
PetroChina profits fall on weaker oil and economic slowdown
Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property…
Business
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s…
Business
China’s mega banks trim deposit rates as stimulus hits profits
CHINA’S largest state-owned lenders have cut their deposit rates on Friday (Oct 18), their second reduction this year as they rushed to…
Business
Blackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and became its biggest…