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Earnings

Alibaba, JD.com results underscore the slowdown in Chinese consumer demand

by Adrian Jhonsan
Alibaba, JD.com results underscore the slowdown in Chinese consumer demand

A person seen walking next to the Alibaba’s corporate logo, in front of its office building at Chaoyang Technology Park in Beijing, China. Sopa Images | Lightrocket | Getty Images …

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Categories World

Japan second quarter GDP beats expectations, up 0.8% from previous quarter

by Adrian Jhonsan
Japan second quarter GDP beats expectations, up 0.8% from previous quarter

Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Japan’s second-quarter …

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Categories World

Cisco stock has best day since 2020 on earnings beat, 7% job cuts

by Ev Richard
Cisco stock has best day since 2020 on earnings beat, 7% job cuts

Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Hollie Adams | Bloomberg | Getty Images Cisco …

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Categories Technology

Alibaba shares dip 3% in premarket after earnings miss expectations despite cloud acceleration

by Adrian Jhonsan
Alibaba shares dip 3% in premarket after earnings miss expectations despite cloud acceleration

Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations …

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Categories World

DraftKings reverses plans for a user tax as FanDuel wows Wall Street

by Adrian Jhonsan
DraftKings reverses plans for a user tax as FanDuel wows Wall Street

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even …

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Categories World

World’s largest sovereign wealth fund posts $138 billion in H1 profit

by Adrian Jhonsan
World’s largest sovereign wealth fund posts 8 billion in H1 profit

The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s massive sovereign wealth fund on Wednesday posted first-half profit …

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Categories World

UBS CEO Ermotti says it is too early to talk about a U.S. recession

by Adrian Jhonsan
UBS CEO Ermotti says it is too early to talk about a U.S. recession

Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in …

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Categories World

UBS second-quarter earnings 2024

by Adrian Jhonsan
UBS second-quarter earnings 2024

Swiss banking giant UBS on Wednesday smashed net profit expectations for the second quarter, amid cost-cutting steps and swelling revenue at the lender’s global wealth management and investment bank units. …

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Categories World

Tencent earnings Q2 2024

by Ev Richard
Tencent earnings Q2 2024

Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line …

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Categories Technology

HelloFresh shares pop 11% as meal kit giant beats profit estimates

by Adrian Jhonsan
HelloFresh shares pop 11% as meal kit giant beats profit estimates

Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth. …

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Categories World
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