Uber has recently released its second-quarter earnings report, surpassing Wall Street estimates by a considerable margin. The company’s earnings per share came in at 47 cents, exceeding the expected 31 cents. Additionally, Uber reported a revenue of $10.7 billion, higher than the anticipated $10.57 billion. These results represent a 16% increase in revenue from the
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Yum Brands recently reported a mixed quarter, with both Pizza Hut and KFC experiencing declining same-store sales. The CEO, David Gibbs, cited the impacts of the Middle East conflict and a more cost-conscious consumer as factors contributing to these challenges. Despite these headwinds, sales trends in the U.S. have shown improvement compared to the previous
India is poised to experience the fastest growth in ultra high net worth individuals globally in the coming years, as per a report by consultancy Knight Frank. Mumbai, the financial capital of India, has surpassed Beijing to become Asia’s leading billionaire hub. It currently ranks third globally in terms of billionaire count, trailing only behind
Saudi Aramco, the state oil giant, recently reported a net profit of $29.1 billion for the second quarter, which marks a slight decrease of just over 3% compared to the same period last year. The firm’s net income for the first half of the financial year was reported at $56.3 billion, down from $62 billion
On Monday evening, the brokerage firm Robinhood made an announcement on social media regarding the suspension of overnight trading. The company revealed that Blue Ocean ATS, the third-party firm responsible for facilitating round-the-clock trading for Robinhood, had temporarily suspended its overnight market operations. This decision had immediate implications for Robinhood’s 24 Hour Market orders, which
Warren Buffett, the renowned investor known as the Oracle of Omaha, made headlines over the weekend when he slashed his stake in tech giant Apple by half. This unexpected move caused Apple’s stock to plummet by over 7% in premarket trading on Monday. Berkshire Hathaway, Buffett’s conglomerate, revealed in its earnings filing that its Apple
The dream of owning a home is deeply ingrained in the American psyche, but the hidden costs associated with homeownership can be a financial burden for many. Inflation is causing home prices to rise faster than incomes, making it difficult for homeowners to keep up with the escalating expenses. More than 1 in 4 homeowners
Coterra Energy recently reported its second-quarter results, falling short of Wall Street expectations for both sales and earnings. Revenue for the quarter came in at $1.27 billion, representing a 7% increase year over year. However, this figure fell short of the consensus forecast of $1.33 billion. Adjusted diluted earnings per share also missed expectations, coming
Exxon Mobil recently announced its second-highest results for the second quarter in the last decade. The company achieved record production in Guyana and the Permian Basin, driving its success. CEO Darren Woods highlighted that the oil production in the second quarter was the highest level since the merger of Exxon and Mobil in 1999. In
The recent decrease in mortgage rates has caught the attention of many home buyers and industry experts alike. According to Mortgage News Daily, the average rate on a 30-year fixed mortgage dropped significantly to 6.4%, marking the lowest rate since April 2023. This abrupt decline was fueled by a weaker-than-expected monthly employment report, causing bond