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Bigger Annual Loss Expected in Rivian After Strong Results

Rivian maintained its vehicle shipment guidance for the full year and published Q2 results that showed strong revenue growth above…

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Foxconn Cautious Outlook as Phone Sales Slow

Foxconn, the supplier of giant Apple, posted a cautious outlook for the current quarter after reporting results that beat analyst…

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Deliveroo’s Loss Worsens With Its Exit From the Netherlands

Deliveroo exacerbated during the 1st half of 2022 in conjunction with the slowdown in revenue growth as demand was affected…

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Disney Subscriber Growth and Strong Results

The Walt Disney Company revealed that the number of Disney Plus subscribers grew to 152.1 million subscribers during the third…

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Allbirds Recruitment Slows As Its Losses Exacerbate

Allbirds scaled back its financial outlook for the this year as it revealed cost-cutting efforts after the it posted a…

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Novavax’s Expectations Halved and Its Stock Collapsed

Novavax cut its full-year revenue guidance and does not anticipate new sales of its COVID-19 vaccine during 2022 in the…

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SoftBank Sells its Total Stake in Uber as Losses Deepen

SoftBank revealed the sale of its remaining stake in US Uber, as the Japanese giant seeks to raise funds amid…

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The End of The Worst Airline Chaos in Lufthansa

The end of the worst period is approaching for Lufthansa after a lack of staff caused chaos, but levels of…

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Berkshire Hathaway Profits Soar But With Investment Losses

Operating profit at Berkshire Hathaway jumped in the Q2 despite slowing growth, but the company is not immune to the…

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SBI Profits Decline After Investment Losses

SBI failed to live up to analysts' estimates after posting a 6.7% drop in net profit in the Q1 hurt…

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