Tag Archives: Profits

Big Banks Grow Profits, Crediting a ‘Resilient’ Economy  The New York Times Wall Street’s biggest banks are riding high as earnings season begins  Yahoo Finance Bank Earnings Today: JPMorgan, Wells Fargo, Goldman and Citi All Top Estimates  The Wall Street Journal JPMorgan, Wells Fargo beat on profit and revenue. The stocks rise.  MarketWatch Can earnings season be the data lifeline economists have been looking …

Chinese Industrial Profits Jump in August, Reversing Drop  Bloomberg.com China industrial profits return to growth  Financial Times China Industrial Profit Rose Sharply in August  The Wall Street Journal Economic Watch: China’s industrial profits back to growth in first eight months  Xinhua China’s industrial profits rise 0.9% in January-August  Reuters Source link

Disney investors argue Kimmel’s suspension hurt profits, demand investigation  Axios Disney investors demand details into company’s Jimmy Kimmel suspension  The Guardian Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records  CNBC Bob Iger Just Learned a Hard Lesson  Bloomberg.com Shareholders question Disney about decision to suspend Jimmy Kimmel  Los Angeles Times Source link

Real gross domestic product (GDP) increased at an annual rate of 3.8 percent in the second quarter of 2025 (April, May, and June), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.6 percent (revised). The increase in real GDP in the second quarter primarily reflected a decrease in …

Los Angeles — Cookie connoisseur Lara Adekoya started her baking business during the pandemic, selling cookies to masked customers out of her Los Angeles home.  Now, customers flock to her L.A. bakery, Fleurs et Sel, to get their hands on flavors like oatmeal chocolate chip walnut, peanut butter and Nutella, and matcha dark chocolate. Adekoya says she’s now paying $50 …

‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’  MSNView Full Coverage on Google News Source link

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI, and …

Computer scientist and Nobel laureate Geoffrey Hinton predicted artificial intelligence will spark a surge in unemployment and profits as companies replace workers with AI. But it’s not the technology’s fault, he told the Financial Times, attributing it instead to capitalism. While layoffs haven’t spiked, evidence is mounting that AI is shrinking opportunities at the entry level. Pioneering computer scientist Geoffrey …

Key Takeaways Lululemon shares plunged Friday after the company lowered its outlook, citing weak sales in the U.S. and the impact of higher tariffs. The athletic apparel retailer’s same-store sales missed estimates on a drop in U.S. demand. With Friday’s drop, Lululemon shares have lost more than half of their value this year.  Lululemon Athletica (LULU) shares plunged Friday, after …

In what Public Citizen called “the greatest corruption in presidential history,” US President Donald Trump and his family added $5 billion in cash to their fortunes this Labor Day as his new cryptocurrency was opened to the public market. The currency, known as WLFI, is owned by World Liberty Financial, a company founded by the president’s sons, Donald Trump, Jr., …