Brakes on Porsche profit outlook due to alloy supply shortage
Shares in Porsche fell nearly 5% on Tuesday morning after the German sports car maker cut its sales and profitability outlook for 2024. ADVERTISEMENTPorsche AG…
Earnings preview: US big banks may see profit decline in the second quarter
The US earnings season will kick off with big banks reporting their second-quarter performance on Friday. Analysts expect these banks' profits to be negatively impacted…
Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips
Samsung Electronics estimated Friday that its second-quarter profits increased nearly 15-fold from a year earlier, thanks to demand for memory chips to power artificial intelligence…
Paramount leaders address ‘simply unacceptable’ profit declines
Two weeks after the sale talks collapsed between Paramount Global and Skydance Media, the company’s co-chief executives tried to rally employees for the future in…
Supreme Court upholds tax on corporate wealth held overseas
WASHINGTON — The Supreme Court on Thursday refused to put new limits on the taxing of corporate wealth. In a setback for anti-tax conservatives, the justices…
Spotify raises prices on premium plans to boost profits
Spotify, the world’s largest music streaming subscription company, is raising its prices again for U.S. premium accounts. The price of ad-free individual plans is going…
Big Pharma’s focus on profit is behind medicine shortages, superbug threat | Health
What happens when we run out of medicines? Medical authorities around the world are pondering this question as they struggle with shortages of a range…
Woolworths contributes little to food waste but rejects bananas that are ‘too big’, SA committee hears
In short: Woolworths CCO Paul Harker told a South Australian parliamentary committee food could be discarded because of poor eating quality or how long it'd…
Japan’s Toyota posts record profit as bet on hybrids pays dividends | Automotive Industry
Japanese car giant says net profit reached 4.94 trillion yen ($31.9bn) in the year to March. Toyota has reported record profit and sales figures on…
South Korea’s Samsung sees profit jump 10-fold on memory chip recovery | Technology News
South Korean tech giant reports $4.85bn profit during the first three months of 2024. Samsung Electronics has reported a nearly 10-fold jump in first-quarter operating…
Deutsche Bank sees 11-year high quarterly profit, boosted by investment wing
Germany’s largest lender announces €1.45 billion net income for the first three months of the year. ADVERTISEMENTDeutsche Bank has recorded a first quarter net income…
Tesla Q1 profit crashes more than 50% to $1.1B as production woes hit deliveries
Tesla CEO Elon Musk visits the company's gigafactoy in Gruenheide near Berlin in March as production resumed. The company blamed a shutdown at the plant…
Tesla profit plunges 55%, as shares bounce on plans for cheaper vehicles | Technology
The Texas-based company reports profits of $1.1bn in the first quarter, down from $2.51bn a year ago. Tesla reported a 55 percent drop in profit…
Brighton announce record profit after best Premier League season
Brighton owner Tony Bloom took over the club in 2009 when they were playing in League OneBrighton have announced a record profit of £122.8m in…
Four used car brands you can sell for a profit revealed by motors dealer – and they’re all from the same country
FOUR used car brands that sell for a profit have been revealed by a motors dealer - and they're all from the same country. Kenny…
I’ve sold more than 50 Minis for a total of £700k – here’s my tips to make profit
ONE man who has sold 50 Minis for £700,000 has top tips if anybody else wants to begin wheeling and dealing. Phil Mires, 29, is…
Elon Musk sues ChatGPT maker OpenAI, CEO Sam Altman for allegedly ‘perverting’ mission for profit
In short: Billionaire Elon Musk is suing artificial intelligence company OpenAI, which he helped create and has donated to, accusing it of putting profits ahead of…
Wheeler Dealers’ Mike Brewer ‘ignored warnings from TV bosses’ to buy rare motor, fix it up & sell it at £30k profit
WHEELER Dealers host Mike Brewer has revealed how he "ignored" warnings from TV bosses before buying a rare sports car, restoring it and selling it…
Steelmaker BlueScope announces $439 million half-year profit and plans to establish property division
In short: BlueScope posts $439 million half-year profit result for the first half of 2024 financial year.The company says it's continuing to invest heavily in…
Meta, Amazon shares surge by $279 billion after cuts boost profit
Breadcrumb Trail LinksInvestorEarnings got a boost from tens of thousands of job cuts since 2022 and strong sales that beat analysts’ estimatesAuthor of the article:Bloomberg…