(Bloomberg) — Saudi Aramco unexpectedly increased its dividend and said it would boost spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices. M...
Tag: Posts
Adidas Posts Poor Q4 2022 Results, Warns of Full-Year Loss Following Termination of Ye Deal
German apparel giant Adidas suffered heavy losses for Q4 2022 and looks to rebuild its business model throughout 2023. Adidas AG recently released its Q4 2022 financial report, which revealed heavy l...
Billionaire Forrest Li’s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit
Forrest Li, chairman and group chief executive officer of Sea Ltd., poses for a photograph in … [+] Singapore on Wednesday, July 8, 2020. Demand for Sea’s mobile games and online-shopping ...
Singapore’s Sea Posts First Profit After E-Commerce Holds Up
(Bloomberg) — Sea Ltd. reported its first-ever profit, a milestone in the Southeast Asian gaming and e-commerce giant’s turnaround effort to convince investors of its money-making potential. Mos...
SE Stock: Sea Limited Posts Surprise Profit
Sea Limited (SE) early Tuesday delivered a surprise profit as it crushed expectations for sales and earnings in the fourth quarter. SE stock jumped in early trading. X Sea earned 72 cents a share on r...
Revolut posts over £26 million profit in first full year of profitability
United Kingdom-based challenger bank Revolut has recorded its initial full-year profits as the neo-banking platform expands its products in different jurisdictions. The fintech firm registered a prof...
Tycoon Tony Fernandes’ Capital A Posts First Quarterly Profit Since The Pandemic Amid Travel Rebound
Capital A CEO Tony Fernandes Courtesy of AirAsia Capital A—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun—reported its first quarterly profit since the pandemic grounded most of ...
Medical Scrub Disruptor FIGS Posts 12.6% Sales Growth in Q4, Issues 2023 Guidance
By Exec Edge Editorial Staff Santa Monica-based medical apparel maker FIGS, Inc. reported a jump in revenue thanks to more orders from existing and new customers. The company, which went public in ear...
Ethereum (ETH) Nears $1.7k Level While Orbeon Protocol (ORBN) Posts Massive Gains in the Presale – Cryptopolitan
The cryptocurrency market is currently abuzz with the news of Ethereum (ETH) edging closer to the highly anticipated $1.7k level, receiving strong support from both the cryptocurrency and venture capi...
Warren Buffett’s Berkshire Posts Fourth-Quarter Earnings Fall
Berkshire Hathaway operating earnings declined 8% in the fourth quarter to $6.7 billion after taxes, hurt by a drop in profits at the company’s railroad business and a decline in the U.S. dollar. Exc...
Berkshire Hathaway Posts A Big Loss, Hoards Cash
Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) reported a a net loss of $22.8 billion in 2022, due to market volatility. However, Berkshire’s “operating income” that exclud...
Floki posts 5% price jump in flat crypto market
Popular meme coin Floki has claimed the top spot on Binance’s trending list overtaking competing meme coins like Shiba Inu and Baby Doge. This made Floki the most well-liked cryptocurrency on the bigg...
Carvana Posts Wider Q4 Loss. Used Car Demand Tumbled.
Online used-car dealer Carvana (ticker: CVNA) missed fourth-quarter earnings and revenue expectations and announced plans to cut about $1 billion in costs over the next six months while improving cust...
Billionaire Kwek Leng Beng’s CDL Posts Record Profit On Hotel Rebound, Robust Home Sales
Kwek Leng Beng, chairman of City Developments Ltd., speaks during a news conference in Singapore, on … [+] August 11, 2017. Nicky Loh/Bloomberg City Developments Ltd. (CDL)—controlled by billion...
Auto giant Stellantis posts record annual profit, announces buyback
An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year re...
Home Depot Posts Mixed Q4 Earnings, Hikes Dividend By 10%, Forecasts Decline In FY23 EPS
Home improvement retailer Home Depot Inc (NYSE: HD) reported fourth-quarter FY22 sales growth of 0.3% year-on-year to $35.83 billion, marginally missing the consensus of $35.97 billion. Customer trans...
Bitcoin Posts Its Best January Results in 10 Years
A new report suggests that bitcoin had its best January since 2013 (ten years). The currency rose by nearly 40 percent and incurred a $7,000 hike to its price. Bitcoin Posts Its Best January Results S...
VeChain Silently Posts Over 100% Gains Since the Start of the Year
The asset has been silently adding up gains and has now doubled in price. VeChain (VET) briefly traded at the $0.03199 price point today, an over 102% gain from its price of $0.01579 at the start of t...
Bitcoin miner Iris Energy posts $144 million net loss
Iris Energy posted a net loss of $144 million, mainly due to a $105.2 million non-cash impairment charge in part related to its equipment financing, and said it mined fewer bitcoin in the quarter end...
Masayoshi Son’s SoftBank Vision Fund Posts $5.5 Billion Quarterly Loss, Pulls Back On Startup Investments
SoftBank Group Corp Chairman and CEO Masayoshi Son. Alessandro Di Ciommo/NurPhoto via Getty Images Japanese billionaire Masayoshi Son’s SoftBank Group reported earnings for the December quarter this w...
Tanker Stocks Hit 52-Week Highs As One Posts 18% Gains In 2023
Two tankers stocks briefly hit 52-week highs Friday, showing strength in the group. One of the companies is expected to post 82% earnings growth in 2023. X Teekay Tankers (TNK) hit a 52-week high and ...
Bitcoin miner CleanSpark beats estimates, posts $29 million loss
Bitcoin miner CleanSpark reported a net loss of $29 million for the quarter ending in December, beating analyst estimates of a $31.3 million loss. It narrowly missed revenue estimates, posting $...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
Most posts on Crypto Twitter in 24h were dedicated to Solana
Solana (SOL) has taken the top spot regarding the number of Twitter posts over the 24 hours by press time, despite mostly falling from grace due to its association with defunct cryptocurrency exchange...
BP Posts Record 2022 Earnings, Biggest Profit In 114-Year History
BP plc (NYSE: BP) reported record 2022 earnings amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia invaded Ukraine...
BP Posts Record Profits In 2022. Should You Buy Its Shares Today?
Photo by Oli Scarff/Getty Images Getty Images BP’s share price was the leading riser on the FTSE 100 on Tuesday following the announcement of record profits in 2022. At 507p per share the oil major wa...
Solana posts losses over the past week, but here’s why buyers are interested
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The higher timeframe market structure remained bu...
Largest Bitcoin Corporate Holder With 132,500 BTC Posts Quarterly Loss, Here’s How Much
Tomiwabold Olajide MicroStrategy recently announced its fourth quarter 2022 financial results The largest public Bitcoin holder, MicroStrategy, reported its eighth straight quarterly loss, owing to be...
Bitcoin-hungry MicroStrategy Posts $250M Net Loss in Q4
MicroStrategy’s net loss jumped quarter over quarter to $250 million — though executives said the firm is going to keep up its longtime strategy of buying and holding bitcoin on its balance sheet.&nbs...