Tag: quarter
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BYD posts first quarterly profit rise in over a year
BEIJING, Aug 28 : Chinese electric vehicle maker BYD on Friday posted its first quarterly profit rise in more than a year, helped by a surge in exports that offset weak domestic sales.The world’s largest EV maker by shipments has been at the forefront of Chinese automakers’ overseas push, gaining market share
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Gains in AI company stakes juice second-quarter earnings for S&P 500
NEW YORK, Aug 20 : S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies.The S&P 500 is on track for a 52 per cent surge in aggregate second-quarter earnings from the year before, helped by a 74 per cent profit jump in the…
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AI boom is starting to show in UK economy’s performance
MANCHESTER, England, Aug 13 : Britain’s economy is showing the clearest signs yet that it is benefitting from the global artificial intelligence boom, with data on Thursday showing rapid growth in related industries and a surge in computer hardware investment.While the Office for National Statistics said Brit
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Nebius beats estimates as customers race to secure AI computing power
Aug 12 : Nebius beat quarterly revenue estimates on Wednesday as booming demand for AI infrastructure helped it land larger contracts and increase prices, sending shares of the cloud-computing company up more than 17 per cent in early trading.The results came a day after larger rival CoreWeave raised its annu
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Philippine economy posts slowest growth in five years in second quarter
MANILA, Aug 7 : The Philippine economy grew at its weakest annual pace since 2021 in the second quarter due to a slump in construction and softer domestic demand, but the government said there were some signs that activity may improve in the second half of the year.Growth slowed to 2.3 per cent in the…
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Trump brothers-backed American Bitcoin swings to second-quarter loss
Aug 3 : American Bitcoin, backed by two of U.S. President Donald Trump’s sons, swung to a second-quarter loss on Monday, hurt by a selloff in the cryptocurrency.Market volatility from surging geopolitical tensions has pushed investors into a risk-off mode, piling pressure on crypto asset prices.Here ar
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Private credit roundup: Earnings hold up as defaults, redemptions remain elevated
July 31 : Ares Capital and Blue Owl Capital reported resilient second-quarter results this week, while Ares Management posted record fundraising, highlighting continued institutional demand for private credit despite rising defaults, retail redemptions and liquidity concerns.Ares Management, one of the indust
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Reddit flags volatile search referrals as US user growth slows
July 30 : Reddit said on Thursday that choppy search-engine traffic affected U.S. user growth in the second quarter, overshadowing an upbeat revenue forecast and sending its shares down around 13 per cent in extended trading.The social media company operates in a highly competitive market. Bigger rival Meta t
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Reddit expects revenue above estimates as AI tools attract advertisers
July 30 : Reddit forecast third-quarter revenue above Wall Street estimates on Thursday, signaling its strategy to draw marketers by offering AI-powered advertising tools is paying off.Shares of the company fell 6 per cent in volatile extended trading after the company reported slowing growth in both second-q
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US economic growth slows in second quarter, missing expectations
WASHINGTON: The United States saw slowing growth in the second quarter, the Commerce Department said on Thursday (Jul 30), with the fallout from President Donald Trump’s Iran war weighing on the world’s largest economy.GDP grew at a sluggish annualised rate of 1.5 per cent in the second quarter, the Bureau of
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