Amazon sellers opt out of Prime Day as Trump tariffs hammer profit margins: report
According to reports, Amazon sellers have opted out of Prime Day this year and are unable to offer sudden discounts across their online storefronts as they face uncertainty over President Trump’s tariffs. Some merchants who make products in China are sitting at a shopping event in mid-July, as 145% of Trump have profit margins by […]
Chinese electric car giant BYD’s profit doubles in blow to Tesla
Chinese electric car maker BYD doubled its profits to $1.3 billion in the first quarter as it continues to surge beyond its major rival Elon Musk’s Tesla. The Shenzhen-based company said annual revenue jumped over $100 billion last month – quarterly revenues rose 36% to 17.036 billion yuan, or about $235.1 billion for China’s top […]
Revolut, the $45B neobank, posts $1B profit in 2024 – TechCrunch
Revolatthe $45 billion neobanking startup founded in the UK may have put its IPO plans on ice, but its balance sheet looks pretty hot. The company reported net profit of $1 billion (£790 million) in 2024, but its customer base grew 38% to 52.5 million. Annual Report. Revenues rose 72% annually to $4 billion (£3.1 […]
European stocks rise; SAP shares jump 10% after first-quarter profit jump amid economic uncertainty – CNBC
Europe has the potential for a “very competitive” capital market, says EU commissioner Europe has great potential to create capital markets, but this could be very competitive, Marialis Albuquerque, a Financial Services Commissioner and the Savings Investment Union, told CNBC. “The chances that we actually have a deep, efficient, liquid capital market in Europe are […]
UnitedHealth shares tank 17% as company slashes profit forecast dramatically
UnitedHealth shares plummeted more than 20% on Thursday after insurers dramatically cut their profit forecasts that year after they revealed disappointing revenue. Dow Components lowered the blue chip index on Thursday. The healthcare company, whose top insurance executive shot dead in midtown Manhattan in December, cut its annually adjusted earnings outlook to the $26-$26.50 per […]
Bunq, a neobank for 'digital nomads,' accelerates U.S. expansion effort as profit jumps 65% – CNBC
Dutch digital bank BUNQ has re-entered the UK and is taking advantage of the “large and underserved” market of approximately 2.8 million British “digital nomads.” Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Dutch digital bank BUNQ said Tuesday that broker-dealer registrations have been filed in the US as it appears to expand […]
Goldman Sachs cashes in on stock market turmoil as bank posts $4.7B profit
Goldman Sachs has caused stock market disruption from President Donald Trump’s looming tariffs in its record-breaking haul in the first three months, but CEO David Solomon warned of “material risks” to the economy if there is a world trade war. The Wall Street giant on Monday was the latest major bank to announce strong revenues, […]
Ukraine war briefing: Black Sea deal will allow Russia to profit from grain markets, Lavrov says | Ukraine
Russia and Ukraine agreed to “eliminate the use of force” in the Black Sea after parallel negotiations with Saudi Arabian US negotiators, but the Kremlin said the maritime ceasefire would only begin if sanctions were bailed out. About agricultural exports. Donald Trump said the US is reviewing Russia's situation after claiming that the Kremlin negotiated […]
Delta Air Lines shares plunge after slashing profit forecast
Delta Air Line on Monday cut its first-quarter earnings estimates in half, reducing its stock by 14%, and CEO said the environment was weakened due to US economic uncertainty. The Atlanta-based airline is the first major US carrier to report that economic concerns among consumers and businesses are hurting domestic travel. “We saw businesses begin […]
Warner Bros. Discovery forecasts big jump in streaming profit
Warner Bros Discovery said it expects streaming profits to double this year, predicting at least 150 million subscribers will be projected for the business by 2026, setting bold goals to benefit Max's global deployment and tight cost control. The company's shares rose more than 9% on Thursday to $11.49, with investors losing their surprising fourth […]