eBay Inc., one of the biggest and oldest online marketplaces in the world, stated that its revenue in the second quarter was $2.4 billion, a 9 percent decrease from the same period last year. Turnover was $18.5 billion, an 18% decrease from the same period last year. The net loss decreased...

Warren Buffett's investment company Berkshire Hathaway reported a net loss of $43.8 billion at the end of the second quarter. A broad market decrease was the primary cause of the unprofitable quarter. As a result, the S&P 500 index declined by 16% during the third quarter, while shares of...

Sliding valuations in SoftBank Group Corp's Vision Fund unit's listed portfolio portend to further pain for CEO Masayoshi Son when the company announces April-June profits on Monday, as investors chill on the high-growth enterprises he favours.   According to Redex Research analyst Kirk...

One of the biggest credit reporting agencies in the world, Equifax, said yesterday that a technical issue with the data transfer to newer equipment resulted in an error in the calculation of credit scoring for "fewer than 300,000" retail customers. The business stated that the credit rating...

The German carmaker Bayerische Motoren Werke AG (BMW) reported in a statement that its net profit attributable to shareholders climbed over 1.7 times year over year to €12.981 billion in the first half of 2022. Comparatively to a year ago, diluted earnings per share increased to €19.63 from €11.49....

According to trading statistics, shares of the photohosting website Pinterest are up by more than 20% in pre-trade trading following the release of financial statements and announcement of willingness of American investor Elliott to take part in the company. Pinterest shares are up 21.4 percent to...

Apple and Amazon added almost $175 billion to their combined market worth after strong earnings reinforced investor confidence in their ability to weather an economic slump.   While analysts emphasised that these companies are not immune to broader economic challenges, they added that a drop...

Procter & Gamble Co reported quarterly earnings that fell short of expectations and anticipated reduced sales growth, blaming rising transportation and commodity costs, consumer reductions, and retailer reluctance to raise pricing.   According to Refinitiv data, P&G shares plummeted...

After reporting a second-quarter profit that exceeded analyst estimates, AstraZeneca said it expects prescriptions for its Evusheld injectable to defend against COVID-19 to drive sales growth of more than 20 per cent.   The London-listed company raised its full-year sales outlook, predicting...