Today: September 16, 2024
Today: September 16, 2024

Financial Results

Business|Economy|Entertainment

UMG Q2 revenue beat offset by subscription and streaming headwinds

Universal Music Group, the label representing Taylor Swift, BTS and Drake, on Wednesday recorded higher than expected second quarter sales, which was offset by a slowdown in the

UMG Q2 revenue beat offset by subscription and streaming headwinds
Business|Economy

Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant

Goldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm

Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant
Business

Spotify posts quarterly profit, user growth beats expectations

Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that

Spotify posts quarterly profit, user growth beats expectations
Business|Entertainment|News|Technology|World

Japan's Nintendo profits jump as its game sales get a boost from the hit Super Mario movie

Nintendo is reporting an 18% rise in its net profit for the first fiscal half, as sales were boosted by its hit Super Mario movie

Japan's Nintendo profits jump as its game sales get a boost from the hit Super Mario movie
Business

EV maker Canoo slashes spending for second half of 2023, forecasts smaller loss

Canoo on Tuesday slashed spending plans for the second half of the year amid a

EV maker Canoo slashes spending for second half of 2023, forecasts smaller loss
Business

Disney tops earnings forecast, hikes dividend by 50%

Walt Disney handily beat Wall Street's earnings expectations on Wednesday, lifted by record results at its theme parks and continued cost-

Disney tops earnings forecast, hikes dividend by 50%
Business|Economy

Coca-Cola reports better-than-expected Q4 sales despite lower US demand

Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower sales in the U.S. The Atlanta-based beverage giant said Tuesday its revenue rose 7% to $10.8 billion for the October-December period

Coca-Cola reports better-than-expected Q4 sales despite lower US demand
Business

Rivian forecasts annual production well below estimates

Rivian said on Wednesday it would cut its workforce by 10% and forecast EV production this year that widely missed estimates, hurt by downtime for factory upgrades and slowing demand for

Rivian forecasts annual production well below estimates
Business|Economy|News

EV maker Polestar to delay fourth-quarter results for a second time

Swedish electric-vehicle maker Polestar Automotive will delay the publication of its fourth-quarter and full-year 2023 financial results for a second time, a spokesperson for the company

EV maker Polestar to delay fourth-quarter results for a second time
Business|Economy|Technology

BMW says costs, low used car prices to weigh on 2024 pre-tax profit

BMW said on Wednesday it expects a slight drop in pre-tax profit this year due to higher research and development, manufacturing and personnel costs,

BMW says costs, low used car prices to weigh on 2024 pre-tax profit

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