Google’s parent company narrowly topped revenue and profit expectations, driven by its search engine and cloud unit, and it said A.I. investments were “driving new growth.”
Category: Company Reports
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Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
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G.M. Will Restart Cruise Taxi Service
General Motors said the self-driving division’s cars will operate in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
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Netflix Adds 8 Million Subscribers
Shows like “Bridgerton” and “The Roast of Tom Brady” performed well for the streaming service, which now has 278 million subscribers worldwide.
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Goldman Sachs’s Revamp Takes Shape With Another Profit Haul
The Wall Street investment bank earned $3 billion in the second quarter, more than double the tally from a year earlier.
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Burberry Replaces C.E.O. Amid ‘Disappointing’ Results
The British luxury group appointed Joshua Schulman to replace Jonathan Akeroyd, and said it expected earnings to suffer as an industry downturn deepens.
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JPMorgan and Wells Fargo Earnings Show Toll of Inflation
JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.
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Have Potato Chips Reached Peak Price?
PepsiCo reports in its earnings that people are buying fewer salty snacks from its Frito-Lay brands. It’s not the only food company that is seeking to lure back consumers stung by high prices.
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Auto Sales Grew Slightly in Second Quarter
High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.
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Walgreens Plans ‘Significant’ Store Closures, Citing Weak Consumer Spending
The pharmacy giant told investors that shaky consumer spending was affecting its retail operations. But some said the company’s strategy was also to blame.
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$3.34 Trillion
The market value on Tuesday of Nvidia, whose chips have made it possible to create A.I. systems.
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Price Pendulum Swings Back to Discounts, Within Limits
The pandemic shopping boom led many retailers to widen profit margins by charging more. Now value is the watchword as consumers grow choosier.