Twitter said on Thursday that select content creators on the social media platform will be eligible to get a part of the advertising revenue the company earns. The content creators will get a share of revenue from ads displayed in their replies, Twitter said, adding that to be eligible the creators should be verified users…
Tyson Foods Shares Plunge After Surprise Loss, Revenue Forecast Cut
Tyson Foods Inc. shares plunged 16 percent to a three-year low on Monday as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker-than-expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment while a shrinking cattle herd forces Tyson…
Apple Posts Quarterly Revenue Decline; iPhone Sales Solid
Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results reported Thursday were better than Wall Street’s muted expectations and Apple’s stock rose in after-hours trading. The latest numbers come after…
Microsoft Reports Boost in Profits, Revenue, as It Pushes AI
REDMOND, Wash.—Microsoft on Tuesday reported a 9 percent increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence. The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share. The…
Year After Sports Betting Legalized, Ontarians Wager Over $11.5 Billion in One Quarter
Nearly one year after sports betting was legalized in Canada, Ontarians wagered more than $11.5 billion on sports gambling in the fiscal quarter ending Dec. 31, 2022, an increase of 91 percent over the previous quarter. According to iGaming Ontario, the province’s internet-gambling regulator, the total net revenue in Ontario was $457 million over the…
Boeing Loses $663 Million in 4th Quarter Despite Higher Revenue
Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue. It was another disappointing quarter for the aerospace giant, which has yet to recover from deadly crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes…
Poilievre Launches Consultations With First Nations on Resource Revenues
January 25, 2023
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Canadacritical mineralsFirst Nationsfisheriesforestryindigenousoil and gasPierre PoilievrerevenueWorld
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Conservative Leader Pierre Poilievre said he is initiating consultations with First Nations and industry leaders on a new proposal that would allow First Nations to collect more fiscal revenues from resource projects on their lands. Speaking at a press conference in Vancouver on Jan. 24, Poilievre said he will be championing a “First Nations Resource…
What Is Revenue? Here’s Everything You Need to Know and How to Calculate It
By Entrepreneur Staff Businesses are primarily successful based on how much money they make or their revenue. But while anyone can roughly grasp revenue, what it means and why it’s essential, revenue as a business figure is a little more complex, especially when you compare it to other metrics like income. Below is a breakdown…
Amazon Shares Plunge After Tech Giant Forecasts Disappointing Holiday Sales
Shares of Amazon plunged on after-hours trading on Thursday after the company predicted less than spectacular sales for the important holiday shopping season. Amazon shares were down almost 20 percent in extended trading after the Seattle-based tech giant predicted revenue would be $140–148 billion in the three-month period ending the year, missing out on analysts’ average estimate of $156 billion….
Cloud to PCs, Microsoft Forecasts Spook Investors as Economy Bites
Microsoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit. Revenue growth in the first quarter was Microsoft’s lowest in five years, and shares of the software giant fell 7% in extended trading. Microsoft’s…
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