Business
US: Wall St opens lower on last day of quarter as government shutdown looms
Wall Street’s main indexes opened lower on Tuesday (Sep 30), the final day of the third quarter, as investors fretted over likely delays…
Tag
Quarter
Business
U.S. economy grew more than expected in the second quarter at a 3.8% pace
An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a…
Business
Stitch Fix Bounces Back With Second-straight Quarter of Sales Growth
Stitch Fix Inc. is getting a little of its old mojo back on the top line — and Matt Baer, who’s spent two years turning around the…
Business
Estée Lauder’s Sales Decline in Fourth Quarter, Tariffs to Impact Profitability by $100 Million Next Year
The Estée Lauder Cos. saw net sales slide 12 percent in its fourth quarter and the company expects tariff-related headwinds to impact…
Business
Brooks Sees Double-Digit Global Revenue Growth for Second Consecutive Quarter
Brooks Running is breaking records — again. Brooks set another all-time quarterly high in revenue for the second consecutive quarter, this…
Business
Apollo draws US$61 billion in record quarter, but less from wealth
Apollo Capital Management reported record earnings from fees in the second quarter, driven by a boost in lending activity and a bump in…
Business
Trump’s Truth Social Parent Company Posts $20 Million Loss on $883,300 in Net Sales for Q2, Ends Quarter With $3.1 Billion in Assets
Trump Media & Technology Group, the parent company of Truth Social that is majority-owned by President Donald Trump, posted earnings…
Business
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the…
Business
Chinese battery maker CATL reports faster profit growth in second quarter
Chinese electric vehicle (EV) battery giant Contemporary Amperex Technology Co Limited’s (CATL) net profit growth picked up in the second…
Business
Palmer Luckey's Anduril leads second quarter surge for venture capital in greater L.A.
Venture capital investments in the Greater Los Angeles region more than doubled to $5.8 billion in the second quarter, compared to a year…
Business
General Motors’ profit slides by 32% in second quarter, and Trump’s tariffs are to blame
General Motors’ second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff…
Business
Burberry Stems Sales Declines in First Quarter as Schulman’s Strategy Takes Hold
LONDON – What a difference a year makes. Burberry’s focus on simplification, productivity and cash flow helped to narrow the double-digit…
Business
6 Questions U.S. stock investors are facing as the third quarter kicks off
The U.S. stock market completed a roller-coaster first half of the year at record-high levels, but a host of factors could knock equities…
Business
US: S&P 500, Nasdaq open at record levels on trade talk hopes; set for strong quarter
The S&P 500 and Nasdaq opened at fresh record highs on Monday (Jun 30), as optimism over the United States striking trade deals with its…
Business
Fast-fashion giant H&M reveals 2nd quarter profits and it’s better than expected
Swedish fashion retailer H&M reported slightly stronger second-quarter profit on Thursday, an encouraging sign as CEO Daniel Erver tries…
Business
Nearly a quarter of the U.S. is ‘functionally unemployed.’ Here’s what that means
According to the U.S. Bureau of Labor Statistics, unemployment rates have not shifted much in recent years. The current unemployment rate…
News
Elon Musk’s Grok chatbot banned by a quarter of European firms
A quarter of European organisations have banned Elon Musk’s generative AI chatbot Grok, according to new research from cybersecurity firm…
Business
Chinese food delivery giant Meituan net profit up 46.2% in first quarter
The company controls nearly 70% of China’s delivery market, but rising competition could drive up costs and squeeze margins, analysts say…
Business
Lenovo reports 64% profit decline in fourth quarter
China’s Lenovo, the world’s largest personal computer manufacturer, on Thursday reported a worse-than-expected 64 per cent fall in…
Fashion
BMW sticks to 2025 outlook, but warns US tariffs will bite this quarter
Most of BMW’s rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecasts German premium carmaker BMW on…
Beauty
The 30 Fragrance, Skin and Makeup Brands That Won Social Media During the First Quarter
Beauty‘s first-quarter social media report cards are in. According to CreatorIQ, which uses earned media value to measure the value and…
News
The U.S. economy shrank during President Trump’s first quarter. He blamed Biden
The U.S. economy contracted for the first time in three years, an initial measurement by the Commerce Department revealed on Wednesday.…
Business
US: Wall Street tumbles at the open as US economy contracts in first quarter
Wall Street’s main indexes opened sharply lower on Wednesday (Apr 30) after data showed the world’s largest economy contracted in the…