Sunday, 4 December, 2022
HSBC job cuts following decline in profits

HSBC announces mass job cuts after dramatic profits fall

Financial services firm HSBC has announced job cuts of around 35,000 after its 2019 profits declined by about a third compared to the previous...
Boeing reports record loss of over $11.9 billion in 2020

Boeing reports record loss of over $11.9 billion in 2020

Aircraft manufacturer Boeing has reported a record net loss of more than $11.9 billion in 2020 after pushing the launch of its 777X plane...
IBM shares earnings report

IBM shares went up following second quarter earnings report

Shares of US tech giant IBM went up by about 6% in after-hours trading on Monday after its release of better-than-expected second quarter earnings...
US consumers shopping

US-China trade war affects US consumer sentiment

The Consumer-Sentiment index dropped from 98.4 in July to 89.8 in August, making this the biggest monthly decline since December 2012. According to the University...
Tesla reports strong profits but falls short of analysts' forecasts

Tesla reports strong profit but falls short of analysts’ forecasts

US electric automaker Tesla reported a record profit in the fourth quarter of 2020 but fell short analysts' forecasts. Tesla posted a fourth quarter adjusted...

New study: Employers feel responsible for employees’ financial wellness

A new study from Bank of America showed that employers now feel more responsible than ever for their employees’ financial wellness. Results showed that there...
Spotify subscribers

Streaming giant Spotify now serves 124 million paid subscribers

Despite the fourth-quarter operating loss, streaming company Spotify saw its user base increased to 124 million paid subscribers, with 271 total monthly active users...
US dollars

US Federal Reserve announces second interest rate cut of the year

The US Federal Reserve has cut interest rate by a quarter percentage point for the second time since July due to potential global slowdown...
Netflix considering share buybacks as it nears cash flow positive status

Netflix considering share buybacks as it nears cash flow positive status

Streaming giant Netflix has announced that it is mulling over share buybacks as it plans to be cash flow positive every year after 2021. According...
Tesla valuation reaches $100 billion, overtakes Volkswagen

Tesla market value reaches $100 billion, overtakes Volkswagen

Tesla has overtaken Volkswagen to become world's second most valuable automobile manufacturer after its market value went up to over $100 billion. Tesla saw its...

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