The Chinese communist regime admitted on July 17 that the GDP growth rate in the second quarter of the year was lower than expected. Observers pointed out that China’s economy is actually in stagnation or even decline, as investment and demand both domestic and foreign continue to weaken, with domestic structural problems predicted to lead…
China’s Q2 GDP Growth Slows to 0.8 Percent as Economic Engines Stall
July 20, 2023
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Tesla Beats 2nd-Quarter Delivery Estimates as Price Cuts Pay Off
Tesla Inc. on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable. The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10 percent from the preceding quarter, and 83…
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…
Nike Q1 Earnings Highlights: Revenue and EPS Beat, Investors Pull Back on Inventory, China Concerns
Apparel and footwear company Nike Inc. reported first-quarter financial results after market close Thursday. Here are the key highlights for Nike investors. What Happened Nike reported first-quarter revenue of $12.7 billion, up 4 percent year-over-year. The total came in ahead of a Street estimate of $12.27 billion, according to data from Benzinga Pro. Earnings per…
Uber Turns Cash Flow Positive for the First Time in Bumper Quarter
Uber Technologies Inc. reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and ordering in food. The company’s stock surged 15 percent to $28.2 and helped push shares of Lyft Inc by 11 percent and DoorDash…
J&J Keeps Vaccine Sales Outlook Unchanged After Third-Quarter Miss
October 19, 2021
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Johnson & Johnson on Tuesday reported lower-than- expected quarterly revenue after sales of its COVID-19 vaccine missed Wall Street estimates following a string of production setbacks. The New Brunswick, New Jersey-based company maintained its 2021 sales goal of $2.5 billion from the vaccine, and said it recorded $766 million in sales of the shot in…
US Oil and Gas M&A Activity in Third Quarter Pulls Back From 2-Year Peak
October 13, 2021
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Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets. Mergers and acquisitions (M&A) activity in the July-September quarter totaled…
IPOs Slow Down Globally in Q3 After Frenetic 2021 Start
September 30, 2021
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Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data. IPOs in the third quarter raised a total of about $94.6…
Ford Says Outlook for 2nd Quarter Is Improving
Ford’s outlook for the second quarter is improving, as the automaker is seeing strong customer reservations for four of its new vehicles. Ford Motor Co. now anticipates its quarterly adjusted earnings before interest and taxes to top its expectations and be significantly better than the year-ago period. Although there’s still uncertainty around semiconductor supply, Ford…
If You Want to Be Happy, Try to Make Someone Else Happy
June 6, 2021
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Many Americans chase after new gadgets and hedonistic pleasures in a seeming attempt at happiness. But what if that approach is wrong? What if happiness comes from aiming to make others happy instead of doing nice things for yourself? That is exactly what a recent study found. In the study, college students reported on their…
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