The owner of Facebook and Instagram reported a 3 percent revenue increase in the latest quarter, even as spending rose and profits fell.
Category: Company Reports
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First Republic Lurches as It Struggles to Find a Savior
The bank is sitting on big losses and paying more to borrow money than it is making on its loans to homeowners and businesses.
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Microsoft Beats Financial Expectations Despite Worries About Economy
Quarterly revenue was up 7 percent and profits were up 9 percent as the company embarked on an aggressive plan to embrace artificial intelligence.
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Alphabet Shrugs Off Advertising Slump, Driven by Search Engine
Google’s parent company returned to sales growth, even as an advertising slowdown continued to crimp YouTube.
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First Republic Bank Enters New Free Fall as Concerns Mount
The bank’s shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.
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G.M.’s Profits Fell 18.5 Percent in the First Quarter
The decline over the first three months of 2022 was primarily the result of the short-term costs of job cuts and slower sales in China.
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First Republic Bank Lost $102 Billion in Customer Deposits
The regional bank received a $30 billion lifeline from big banks last month, but depositors and investors remain worried about its prospects.
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Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
In recent calls with investors, regional bank leaders tried to cast the turmoil in the industry spurred by the collapse of Silicon Valley Bank as a moment that has passed.
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Double-Digit Price Increases Bolster Profits at Procter & Gamble
The consumer goods company raised prices 10 percent across its brands for a second straight quarter and said its profit margin had widened.
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Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
The electric carmaker has reduced prices by thousands of dollars this year to bolster demand and fend off competition.
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Netflix Will End Its DVD Service After 25 Years
Sending DVDs through the mail, in recognizable red-and-white envelopes, helped the company become a behemoth in Hollywood.
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Goldman Sachs Sheds Consumer Loans as Losses Mount
The Wall Street bank sold off some loans from its consumer-banking arm, Marcus, revealing a nearly $500 million loss in the business.