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.
Category: Company Reports
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Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption
The New York Times – Business: -
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam
The New York Times – Business:The chip maker said its profit in its most recent quarter jumped 211 percent from a year ago thanks to extreme demand from other big technology companies.
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Honda Posts First Ever Annual Loss After Pullback From E.V.s
The New York Times – Business:Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.