Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
Category: Company Reports
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UBS Reports $29 Billion Profit, a Record
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
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U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
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Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest
The I.P.O. filing means Arm can begin to gauge investor interest, which will be critical to the share sale.
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Walmart Records Strong Sales as It Draws More Shoppers
The retail giant raised its forecasts for revenue and profit this year, as it attracts consumers seeking cheaper groceries and other essentials.
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Target’s Sales Hit by Pride Month Merchandise Backlash
The retailer’s quarterly sales fell, in part because of boycotts over Pride-themed displays, and it cut its forecast for the full year.
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Tapestry and Capri Announce a Luxury Mega Merger
The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.
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How Long Will Companies Keep Raising Prices on Consumer Goods?
As companies reported their latest quarterly earnings, their executives were frequently asked about their next moves on pricing.
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For Disney, Streaming Losses and TV’s Decline Are a One-Two Punch
The company has lost more than $11 billion on streaming since 2019 and experienced a sharp decline in its traditional TV business for the second straight quarter.
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WeWork Cites ‘Substantial Doubt’ That It Can Stay in Business
The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further.
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New York Times Revenue Rises 6.3%
The company added 180,000 new digital subscribers in the latest quarter, and now has nearly 10 million subscribers in total.
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Saudi Aramco Reports $30 Billion in Profit for Latest Quarter
It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment.