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Coinbase upbeat despite $1.1b loss, as shares sink 10%
How bad was crypto exchange Coinbase's second quarter? Well, one of the first things CEO Brian Armstrong said was, “there's a phrase that we say oft...
August 9, 2022, 11:07 pm
Nvidia issues profit warning following sharp decline in graphic card sales
The world's biggest computer chip maker NVIDIA has issued a profit warning in the lead up to its interim results due on August 24, leading to a 6% sha...
August 9, 2022, 4:51 am
Bellway sees record full-year revenue and completions on 'robust' housing demand
Bellway PLC (LSE:BWY) said it expects to report record revenues and housing completions for the year to 31 July 2022, as strong demand for homes conti...
August 9, 2022, 4:03 am
Canoo burns cash in race to hit $1b ev sales goal
Electric vehicle company Canoo's second-quarter results, like its first-quarter results, show a pre-revenue company that's burning through cash. Howev...
August 8, 2022, 7:08 pm
Softbank books record loss as sell-off in tech stocks hits vision funds unit
SoftBank Group reported its biggest ever quarterly net loss of $23bln as a flagship fund was hit by the sell-off in tech stocks. The Japanese multin...
August 8, 2022, 6:48 am
Lse launches £750mln share buyback as income soars
The London Stock Exchange Group PLC (LSE:LSEG) said today that it is launching the first tranche of a £750mln share buyback “immediately” that wi...
August 5, 2022, 3:00 am
U.k provisionally approves $8.1b nortonlifelock-avast merger, citing competition from microsoft
The U.K.'s Competition and Markets Authority (CMA) has provisionally greenlighted the proposed $8.1 billion merger of cybersecurity companies NortonLi...
August 3, 2022, 7:56 am
Starbucks serves up record revenues fuelled by us demand
Starbucks Corp (NASDAQ:SBUX) shares are expected to rise after it reported record revenue in the past quarter as strong demand in the US offset Covid...
August 3, 2022, 4:14 am
Td bank reportedly close to $1b deal for investment bank cowen
Toronto-Dominion Bank (TD Bank) is close to a deal to buy investment bank Cowen for $1 billion, sources told The Wall Street Journal. The report notes...
August 1, 2022, 10:07 pm
Deckers disrupts sneaker segment as uggs owner turns hoka into $1b brand
There's a new name in the global sneaker wars: Deckers Brands, which has seen its HOKA brand grow into a $1 billion brand that's poised to take on Nik...
July 29, 2022, 10:43 am
Shell reveals 154% rise in q2 income amid soaring fuel prices
Shell PLC (LSE:SHEL, NYSE:SHEL) second quarter results, as expected, revealed the full heft of its earnings in the current environment of high oil and...
July 28, 2022, 2:57 am
Mastec (mtz) to buy iea for $1.1b, updates 2nd half 2022 view
MasTec (MTZ) to generate cost savings of $10 million post-IEA acquisition....
July 26, 2022, 2:45 pm
First trust water etf: early q2 earnings results are encouraging
FIW tracks 36 stocks that derive a substantial portion of their revenues from the potable and wastewater industry. It has a 0.53% expense ratio and ju...
July 26, 2022, 11:51 am
Autonation (an) beats on q2 earnings, announces $1b buyback
AutoNation (AN) delivers an impressive earnings performance in Q2 '22, with the bottom line beating estimates. Revenues shrink slightly on a year-over...
July 22, 2022, 12:30 pm
Amazon gets €1bn in european tax breaks
Amazon.com Inc (NASDAQ:AMZN)'s tax haven-domiciled European division received a whopping €1 billion in tax credits from governments in the bloc last...
July 20, 2022, 6:19 am
China's $1b fine on didi could end the mobility giant's troubled year
Didi, the Chinese ride hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the...
July 19, 2022, 11:44 pm
Google faces $1b suit in uk over app store practices
Google is facing trial in a $1.1 billion class-action lawsuit in the U.K. over claims that the company overcharged 19.5 million customers for app stor...
July 19, 2022, 1:10 pm
Didi's fines could top $1b for data security breaches in china
Ride-hailing and food delivery platform Didi could be hit with fines exceeding $1 billion following a probe by Chinese regulators that lasted over a y...
July 19, 2022, 10:40 am
Goldman sachs' second-quarter earnings almost halve but beat expectations
Goldman Sachs (NYSE:GS) posted higher-than-expected profits and revenues for the second quarter thanks to its fixed income operations, which genera...
July 19, 2022, 5:24 am
Class-action lawsuit accuses apple pay of $1b a year in illegal fees
A class-action lawsuit in federal court accuses Apple of using its Apple Pay to illegally profit from payment card issuers, taking in $1 billion a yea...
July 18, 2022, 5:28 pm