Category: Company Reports

McDonald’s U.S. Sales Slow as Consumers Spend More Cautiously

The New York Times – Business:
The fast-food giant named a new president of its U.S. operations, aiming to bring “focus and urgency” to a revamp of its outlets.
Oil Giant Saudi Aramco Reports 33% Profit Surge, Despite Iran War Disruptions

The New York Times – Business:
Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption

The New York Times – Business:
Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
SpaceX’s Stock Lockup Is Expiring. Prepare for a Bumpy Ride.

The New York Times – Business:
On Thursday, employees and other insiders at Elon Musk’s rocket company will be released from their first stock “lockup” and can start selling some of their shares.
Iran War Drives Oil Profits to Highest Levels in Years

The New York Times – Business:
The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.
South Korea’s Memory Chip Giant Defies A.I. Market Jitters

The New York Times – Business:
SK Hynix, a leading memory chipmaker, reported stratospheric sales and profits on Wednesday. But it was not enough to calm skittish investors.
Samsung Made More Profit Last Quarter Than the Last Two Years Combined

The New York Times – Business:
The A.I. boom has propelled the South Korean tech giant’s earnings, but its shares sank as investors had even loftier expectations.
Tesla Sales Surge as Sales Recover in Europe

The New York Times – Business:
Price cuts helped the electric automaker rebound in Europe in the second quarter, offsetting declines in the United States.
Have You Bought a Tesla Recently? We Want to Hear From You.

The New York Times – Business:
Tesla sales are rebounding in Europe even though many people have negative feelings about Elon Musk, the company’s chief executive. We want to know why.
Ferrari’s First Electric Car Runs Into Backlash in Italy and Beyond

The New York Times – Business:
Memes mocked the new model, analysts questioned its appeal and investors sold the automaker’s stock. A former Ferrari chairman warned of “the destruction of a legend.”
Retailers Say Squeezed Shoppers Are Focused on Deals

The New York Times – Business:
Walmart, Target and TJ Maxx reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.
Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices

The New York Times – Business:
The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.