Quarterly profit at News Corp more than doubles, with revenue rising to exceed Wall Street forecasts
News Corp, which owns the Post and the Wall Street Journal, announced on Thursday that its quarterly revenues exceeded expectations, driven by growth in digital real estate, the Dow Jones division, and its book publishing sector. Based in New York, the media company reported a net profit of $107 million from ongoing operations, a significant […]
Arm’s Stock Declines Even with Record Revenue Due to Disappointing Outlook
Arm Holdings Updates Earnings Outlook In extended trading on Wednesday, Arm Holdings revealed a less optimistic forecast than anticipated, leading to a dip in stock prices. The chip designer, in collaboration with Nvidia, adjusted its earnings per share expectations from 38 cents down to a range of 30 to 30 cents. Meanwhile, Arm’s estimated revenue […]
Ex-football player voices concerns about possible revenue sharing
The topic of compensation for college athletes is facing further complexity due to anticipated Supreme Court rulings. A settlement in the NCAA case pending approval could allow Division I schools to distribute their earnings directly to student-athletes, with a decision expected this month. The current NIL compensation system has drawn criticism since its introduction in […]
OPEC+ Decides to Increase Oil Production, Posing a Risk to Russia’s Revenue
OPEC+ has reportedly started reversing its voluntary production cuts, leading to a drop in oil prices, which may hit non-compliant members and, perhaps, satisfy President Donald Trump. The group, which includes Russia, has allegedly decided to increase production levels twice over the weekend. As a result, oil prices fell by over $2.00 a barrel, potentially […]
Inland Revenue Department distributes 2.66 million tax forms for 2025 – Dimsum Daily
On May 2, 2025, Benjamin Chang Zhe Wei, a member of the Inland Revenue Committee, shared that the department has issued a total of 2.66 million individual tax forms this year. This breakdown includes about 790,000 electronic forms and roughly 1.87 million paper forms. As part of the 2024/25 assessment period, Chang is urging taxpayers […]
Amazon shares slide on disappointing forecast, slowing cloud revenue
On Thursday, Amazon disappointed investors by reporting it forecast first quarter cloud revenue growth and operating profit below estimates. The company's shares fell by 5% in after-hours trading before moderated. The company's cloud unit Amazon Web Services saw its quarterly revenue rise of 16.9%, recording at $29.27 billion, with no forecasts of 17.4% growth and […]
Apple revenue hits $95B as customers snatched up iPhones on tariff fears
Apple reported on Thursday that slightly beat Wall Street expectations as consumers stocked it on their iPhone amid fears of potential import taxes on signing devices from President Trump. The Cupertino, California-based company said its revenue and profit for the second quarter ended March 29 was $1.65 per share, $953.6 billion and $1.65 billion, respectively, […]
Meta Platforms’ shares rise as revenue beats forecasts on boost from AI tools
The meta platform beat analysts' first quarter revenue estimates and rode strong advertising performances to match expectations for the next quarter on Wednesday, easing concerns from investors about the fear of tariff-related economic growth. The company's shares rose nearly 6% in extended transactions. The parent company of Facebook and Instagram reported revenue of $423.1 billion […]
Shares of Google parent Alphabet jump as advertising growth lifts revenue to over $90B
Google Parent Alphabet said it would buy back $70 billion worth of shares as it reported first-quarter profits exceeding Wall Street’s expectations on Thursday. Stocks rose 4% in extended transactions, adding about $75 billion to the company’s market value. Alphabet broke quarterly revenue estimates, benefiting from steady growth in its digital advertising business, offsetting the […]
US forces destroy Houthi-controlled fuel port in Yemen – key source of revenue’ for the terror group
The US military strike destroyed Yemen’s major fuel port on Thursday, serving as a key source of “illegal revenue” for Hooty terrorists, according to the US Central Command. The airstrikes targeted a Houthi-controlled RAS ISA fuel port on Yemen’s Red Sea coast. The US military said Iran-backed terrorist groups “used it to maintain military operations.” […]