The Walton family, the richest family in the world, saw a $11.4 billion decline in total worth on Tuesday as a result of Walmart Inc. cutting its earnings projection for the second time this year.   Shares of the family-owned retailer with headquarters in Bentonville, Arkansas, dropped 7.6...

The largest bank in Germany, Deutsche Bank, reported a net profit of €2.438 billion in the first half of 2022, up 31% from the same period the previous year, according to the bank's financial report. Compared to earnings of €0.68, diluted earnings per share were €0.9. Revenue increased by 4% from a...

Trying to persuade investors that they can survive a recession without suffering a loss is a scenario that General Motors Co. and Ford Motor Co. are about to play. In addition to providing negative predictions for the world economy, experts have been decreasing their target stock price and earnings...

Elon Musk's SpaceX set a new record for the number of rockets launched in a calendar year on Friday, breaking the previous year's total of 31 flights during a frenetic effort to launch its own broadband satellites into orbit.   SpaceX's 32nd launch of 2022, using its workhorse Falcon 9...

On Friday, the German government intervened to save Uniper with a 15 billion euro ($15.28 billion) bailout, after the gas importer became Europe's greatest casualty of Europe's energy stalemate with Russia thus far.   The government will take a 30 per cent interest in Uniper as part of a...

Ishan Wahi, a former manager of the cryptocurrency exchange Coinbase, has been charged by a New York district court with internet fraud and unauthorized use of confidential information from the firm. His brother and their acquaintance are facing comparable allegations. According to the Justice...

Netflix Inc avoided its own worst-case scenario of subscriber losses on Tuesday, reporting a nearly 1 million reduction from April to June and predicting a return to user growth in the third quarter.   Shares surged 8 per cent in after-hours trading following the report, after falling about...

From April to June, the American streaming provider Netflix reported losing one million paid subscribers. After leaving the Russian Federation, Netflix revealed in late April that the number of its paid customers in the first quarter decreased by 200,000. Netflix claims that the termination of the...

Apple plans to decrease the number of new hires to get ready for a potential downturn in the economy. In 2023, Apple plans to slow down the pace of hiring new employees and spend less on pay, according to Bloomberg, which cited sources. The company made this decision in order to be more cautious...