profits
By Juveria Tabassum (Reuters) – Walmart (NYSE:) shares are set for their best yearly gains in over two decades as the retail behemoth’s low prices for everyday essentials give it an edge over competitors facing weak demand from budget-conscious consumers. The stock has gained about 60% so far this year,…
By Aditya Soni and Jaspreet Singh (Reuters) – Bob Iger returned to Walt Disney (NYSE:) as CEO in 2022 with a bold promise of making streaming profitable. The latest quarterly results have shown signs of a turnaround at the storied media company, suggesting that Iger may be getting the House…
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. airlines appear to have rediscovered their mojo, thanks to a sharp reduction in capacity that plagued the market this summer. Airfares have turned higher, and airline stocks are now outperforming the broader market. That improvement was one reason why American Airlines (NASDAQ:)…
Investing.com — Wall Street is bracing for a potential impact on corporate earnings and the stock market if Democratic presidential candidate Kamala Harris wins the November election and follows through on her proposed tax increases, Reuters reported on Tuesday. With tax policy emerging as a concern for investors, it is…
In the 2003 remake of the classic heist film “The Italian Job,” a crew of thieves set about retrofitting their Mini Cooper hatchbacks to survive the rigors of a police pursuit while hauling nearly a ton of gold in the boot.The target of the heist was a $35 million stash…
Apple, the tech powerhouse behind the iPhone, iPad, Mac, and more, and services like Apple TV+, Apple Music, and the App Store, releases its earnings quarterly.Typically, Apple CEO Tim Cook joins the calls to reflect on the results and discuss the company’s future trajectory. Cook and Apple’s CFO field questions…
Fortum Oyj (FORTUM.HE), the Finnish state-owned energy company, reported a robust financial position despite facing lower power and hedge prices in its recent earnings call. CEO Markus Rauramo and CFO Tiina Tuomela discussed the company’s second quarter and half-year results, emphasizing successful hedging strategies, strategic investments, and a focus on…
Kawasaki Heavy Industries, Ltd. (KHI), a leading Japanese manufacturer, reported record profits for the first quarter of the fiscal year ending March 31, 2025, during its earnings call. Despite challenges in some segments, the company saw an overall increase in revenue and profits, attributed to favorable exchange rates and strong…
By Danilo Masoni MILAN (Reuters) – Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit warnings in sectors ranging from luxury to food and airlines have fed into worries…
By Lisa Baertlein LOS ANGELES (Reuters) – UPS, the world’s biggest package delivery courier, is the first major industry player to announce this year’s holiday surcharges, unveiling hefty hikes that analysts say could backfire. The 2024 peak gift delivery season from Thanksgiving to Christmas Eve has just 17 operating days,…
