The parent of Snapchat has grappled with an ad slump and the challenges of being a smaller social media company in an intensely competitive environment.
Category: Company Reports
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Slow Battery Production Crimps G.M.’s Electric Vehicle Rollout
The company is earning big profits on gasoline cars and trucks but is struggling to catch up to Tesla in the fastest-growing segment of the auto market.
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Airlines Are Thriving as People Keep Traveling
Three large U.S. airlines have reported strong quarterly sales and profits in recent days because of strong demand, high fares and relatively low fuel prices.
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Blackstone Becomes First $1 Trillion Private Equity Manager
Passing that milestone puts the firm in the same league as mutual fund behemoths and banking giants.
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Tesla’s Profit Rose in the Second Quarter After Big Price Cuts
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
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Goldman Sachs Reports Steep Fall in Profit, Highlighting Bank’s Woes
The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.
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Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.
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Bank of America Reports Big Jump in Profit on Higher Interest Rates
One of the nation’s largest banks reported across-the-board strength in its latest quarter, with sales and earnings that surpassed analysts’ expectations.
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JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.
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Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses
The U.S. economy “continues to perform better than many had expected,” said Charlie Scharf, the bank’s chief executive, but “there will likely be continued economic slowing.”
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JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat
It was another quarter of banner financial results for the largest lender in America.