Uncategorized
BNP Paribas Confirms Outlook After Strong Second Quarter
BNP Paribas backed its guidance for the year after posting better-than-expected earnings for the second quarter, with double-digit growth in its institutional banking and capital markets units.
Uncategorized
AMC Entertainment Expects Loss But Sees Signs of Improvement
AMC Entertainment expects to swing to a loss in the latest quarter in the wake of the prolonged Hollywood actors and writers strikes last year, though it flagged a recovery in movie going last month.
Uncategorized
Say Goodbye to the Office Birthday Party (Thank Goodness)
Many workers hated the “Happy Birthday” ritual. Now a lot of companies are redefining the celebration to make them less annoying.
Uncategorized
T-Mobile to Spend $4.9 Billion to Buy Metronet in JV With KKR
T-Mobile said it agreed to spend around $4.9 billion to form a joint venture with investment firm KKR to buy fiber-optic internet company Metronet, in a bid to reach more residential broadband users.
Uncategorized
Gucci Owner Kering’s Earnings Hit by Turnaround, China Woes
The French luxury-goods group said it booked revenue of €9.02 billion, down 11% both as reported and on a comparable basis compared with the year-earlier period.
Uncategorized
Asia markets set for lower open as traders assess Aussie business activity data, U.S. tech earnings
Investors in Asia will also look at tech stocks to see if there is any spillover effect on EV stocks after Tesla earnings missed estimates.
Uncategorized
Trump 2.0 could go ‘nuclear’ on China trade, while economists say Harris would remain tough
Economists and trade experts largely expect Trump would further cut and destabilize trade relations between the world’s two largest economies.
Uncategorized
Tesla’s profit margin is getting hammered by EV discounts and hefty AI spending
Tesla’s adjusted operating margin shrank to its lowest in three years in the second quarter, contributing to a plunge in the stock price.