DuPont Raises 2021 Financial Guidance as Net Sales Increased by 26% in Q2
DuPont announced in its quarterly report that a strong second quarter was backed by continued positive momentum in key end markets, including automotive, smartphones, semiconductor, and residential construction. Net sales...
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Tencent Slips as State Media Reports Stir Regulatory Concerns
Chinese giant Tencent Holdings Ltd. saw its shares decline on Tuesday on concerns that regulators could next crackdown on the gaming sector, Bloomberg reported. The gaming selloff came after state-run...
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BMW Revises Its 2021 Profit Forecast Upwards, Warns Chip Shortage to Hit 2nd Half
The BMW Group continued to perform dynamically in the 2nd quarter, setting new records for sales, earnings, and net profit, according to a press release by BMW Group on Tuesday....
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Pfizer and Moderna Scale Up EU Covid-19 Vaccine Prices
Pfizer Inc. and Moderna Inc. have increased the prices of their COVID-19 vaccines in their recent European Union supply contracts, according to a report by Reuters on Monday. The new...
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Ferrari Revises Industrial Free Cash Flow Upwardly to Around €450 Million in Q2 of 2021
Ferrari maintained its core 2021 targets, despite tripling second-quarter profits as shipments rebounded from pandemic-hit results, according to a release by Ferrari on Monday. The luxury sports car maker posted...
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HSBC’S Pre-Tax Profit Almost Doubled to $10.8 Billion in First Half of 2021
HSBC outperforms expectations in its 2021 first-half earnings, and announced its second dividend payment since the pandemic, according to a press release by HSBC on Monday. The bank’s reported pre-tax...
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P&G Tops Market Expectations to Record $76.1 billion in Net Sales in FY2021
The Procter & Gamble Company recorded an increase in net sales by 7% as consumers buy more health and personal care products, according to a press release by P&G on...
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Exxon Mobil Posts $4.7 Billion in Second Quarter Profits
Exxon Mobil Corporation announced Q2 2021 earnings of $4.7 billion, compared to a $1.1 billion loss in the Q2 of 2020, according to a New Release by Exxon Mobil on...
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Elon Musk’s Neuralink Raises $205 Million From Ivy Capital and Google Ventures
Elon Musk’s brain-chip startup, Neuralink, has raised $205 million in a funding round led by Vy Capital, with the support of Google Ventures, according to a report by Reuters on...
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LendingClub Q2 Loan Originations Soars 84%, In Its Most Profitable Quarter In History
LendingClub Corporation announced its most profitable quarter, backed by enhanced earnings trajectory and competitive advantages, according to a report released by LendingClub on Thursday. The second-quarter results revealed that revenues...
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Sen. Warren Mentions Bezos as She Continues Her Push for ‘Ultra-Millionaire Tax’
Senator Elizabeth Warren has revisited her ‘Ultra-millionaire tax’ proposal, criticizing Jeff Bezos on his failure to pay a fair amount of tax, according to CNBC. The Massachusetts Democrat said that...
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Apple Earnings Soars to Record High, Backed by Strong iPhone Sales
Apple Inc posted the biggest second-quarter profit, sustaining a streak of record-setting earnings for tech firms, according to a report by Wall Street Journal on Tuesday. Google Parent Alphabet Inc....
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