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Saudi Arabia promotes accelerated increase in OPEC+ oil production 09/08/2025

Trump promises to defend interests of American IT companies in the EU 09/08/2025

Policy Uncertainty and Industry Layoffs Drive U.S. Jobless Rate to Near Four-Year Peak 09/08/2025

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Toyota Rides Ahead Of Analysts’ Profit Growth Estimates For Q1

A nineteen percent of rise in the Toyota’s first quarter profit has been announced. On Friday, August 03, 2018, the Toyota Motor Corp reported a 19% increment in the “first-quarter profit”, whereby leaving behind estimates it rode ahead on the sales growth seen in Asia coupled with “cost reductions...

Greenlight's Second-Quarter Returns Crashes Primarily Because Of Tesla

Greenlight Capital fund owned and managed by billionaire hedge fund manager David Einhorn underwent heavy second-quarter losses because of the sharp losses in Tesla shares. Einhorn had bet against a sharp rally in the shares of the company, he told investors. He also maintained the low outlook for...

Apple’s market cap nearly reaches $ 1 trillion. What is the secret?

Apple increased its capitalization to a record $ 990 billion. The results of the last quarter brought Apple closer to a trillion-dollar capitalization. After the results were published, the company’s shares jumped by 6% on Wednesday, despite the fact that Apple lost to Huawei second place in the...

Sony reports record profit

In the first fiscal quarter, Japanese Sony increased net profit by 2.8 times due to good sales of electronics, PlayStation consoles and components for smartphone cameras, as well as the sale of shares in Spotify Technology SA. As reported in the company's press release, its net profit in April-June...

Self-Driving Truck Unit To Be Closed Down By Uber

The self driving truck units is being closed by Uber. The company now wants to only focus on its self-driving efforts, Uber announced on Monday. "We believe having our entire team's energy and expertise focused on this effort is the best path forward," said Eric Meyhofer, head of...

Credit Suisse Beat Estimates Of Net Income For Second Quarter

Credit Suisse beat market analysts’ estimates for net income its second quarter of the current year by a healthy margin. The lender reported a net income of 647 million Swiss francs ($655.33 million) during the aforesaid period against a market expectation of around 550 million Swiss francs....

Chief Executive of Thomas Cook Rules Out Sale Speculations

Thomas Cook’s chief executive maintains that the company is ready to fulfil its “part in the consolidation”. Thomas Cook’s C.E.O informed that there is no current plan of the “holiday company” to sell its “airline business”, while there has been a speculation in the media regarding the company...

Panasonic’s Q1 Profit Increases By 19% As Demand Offsets Costs Incurred

Analysts’ estimation was left behind as Panasonic’s performance sees a profit increment fuelled by the growing demand for its “factory automation equipment”. The Panasonic Corp has revealed a 19% increment in its “first-quarter profit”, whereby leaving the estimate figures behind, the profits...

Caterpillar Upgrades ‘Profit Outlook’ For Its Worldwide Product Demand

The quarterly profit performance of Caterpillar beats the analysts’ estimates. Caterpillar Inc came out with “higher quarterly profit” which surpassed market expectations; as a result it has upgraded its “full-year profit outlook”, the reason being the worldwide demand for Caterpillar’s equipment....

U.S. Foods To Acquire ‘SGA’s Food Group’ Through Cash Transaction

The purchase of SGA’s Food Group is expected to bring “adjusted profit” for U.S. Foods. The U.S. Foods Holding Corp is a company for food distribution, whereby on Monday, July 30, 2018, it revealed that it is going to purchase “SGA’s Food Group of Cos” through a transaction of “$1.8 billion in...