The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The so-called Government Pension Fund Global returned a loss…
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv.…
Philips office building in Warsaw, Poland on July 29, 2021. Nurphoto | Nurphoto | Getty Images Dutch health technology company Philips on Monday raised its full-year outlook as it beat analysts’ expectations for third-quarter core profit and comparable sales. Core profit more than doubled to 457 million euros ($483.3 million), while comparable sales were up…
KitKat chocolate bars, manufactured by Nestle SA, arranged in London, U.K., on Monday, July 26, 2021. Nestle report their half-year results on July 29. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Nestle posted lower-than-expected nine-month sales growth on Thursday as higher product prices made shoppers balk, sending shares down about…
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. Even though it was the largest profit decline since the first…
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings. The Finnish telecommunications giant said that it will reduce its cost base and increase…
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023. David A. Grogan | CNBC Tesla is set to report third-quarter results after the bell on Wednesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Revenue: $24.1 billion expected Earnings: 73 cents per share, adjusted,…
Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. Emmanuel Dunand | AFP | Getty Images Chip equipment firm ASML reported a year-on-year rise…
Shoppers carry Zara bags on Fifth Avenue in New York, on Saturday, May 22, 2021. Victor J. Blue | Bloomberg | Getty Images Zara owner Inditex on Wednesday beat expectations with a 40% jump in half-year net profit despite the world’s biggest fast fashion company slowing the pace of its price increases. Inditex has widened…
Larry Ellison, Oracle’s chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Justin Sullivan | Getty Images Oracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed revenue and revenue guidance that were lighter than expected. Here’s how the company did:…
