Walmart Earnings Beats Market Estimates, Backed by Strong Grocery Sales
Walmart Inc, reported Q2 earnings that surpassed Wall Street expectations. The retail giant recorded improved grocery market share, according to a press release by Walmart on Tuesday. The discounter also...
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Home Depot Earnings Up Double Digits as Sales Hit Record $41 Billion
Home improvement retailer The Home Depot reported double-digit growth in its bottom line for the second quarter, as the company saw over $40 billion in quarterly sales for the first...
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The World’s Second-Biggest Economy Is Cracking Down on Online Competition
China’s State Administration for Market Regulation (SAMR) plans to impose stricter rules on online activities such as limiting data usage and restricting fake product reviews, CNBC reported. The planned rules...
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BHP’s Profit from Operations Soars 80% as BHP and Woodside Petroleum Set for a Merger
BHP delivers strong results for the 2021 financial year as the Board announced a record final dividend of $2.00 per share, according to a press release by BHP on Tuesday....
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Biotechnology Giant Moderna Reaches New Expanded Supply Deal with Canada
Moderna reports a new supply deal with the Canadian government for more doses of Covid-19 vaccine through 2024, according to a new release by Moderna on Monday. The agreement provides...
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Solana Carves Fresh Record-High to Enter Top 10 Cryptos
Solana took off as it rocketed by over 41% on Monday to hit a fresh record and enter the top 10 cryptocurrencies, Forkast reported. Solana carved a new record-high of...
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Saudi Arabian Oil Giant Aramco Finalizing a $25 Billion Deal to Acquire Stake in Reliance
Saudi Aramco is in discussion for an all-stock deal to buy a stake in Reliance Industries Ltd.’s oil refining and chemicals unit, according to a report by Bloomberg on Monday....
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SoFi Stock Stumbles on Second-Quarter Loss
SoFi Technologies reported a loss for the second quarter even as revenue doubled at the online personal finance site, according to a press release by SoFi Technologies on Friday. Revenue...
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U.K. Job Ads Soars to Near-Record Highs in the First Week of August
U.K. wages are increasing as companies struggle to hire workers to assist them with recovery after the easing of the Covid-19 restrictions in July. FTSE 250 Index up +0.33%, GBP...
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FDA Clears Third Shot for Americans with Weak Immune Systems
U.S. regulators approve Americans with weakened immune systems to be allowed to get three shots of Covid-19 vaccine, according to a report by Bloomberg on Friday. The U.S. Food and...
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Cathie Wood’s ARK Invest Buys Over 5.6 Million of Palantir Technologies Stocks
One of the Ark Invest exchange-traded run by ETF star Cathie Wood made a huge purchase of Palantir shares on Thursday. On August 12, Ark’s ETF fund purchased 5,602,325 shares...
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Microsoft Protests NSA’s Decision to Award $10bn Cloud Computing Deal to Amazon
Microsoft Inc has filed a suit with the GOA against the NSA, challenging the award of its cloud computing contract to Amazon, according to a report by CNBC on Thursday....
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