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Kraft Heinz takes $9 billion charge for its stock’s ‘sustained decline’ as it ponders strategic opti...
Kraft Heinz recorded a substantial $9 billion impairment due to reduced stock value, highlighting ongoing financial challenges as the company evaluates potential restructuring or d...
Read Full Article →HSBC profits hit by $2.1bn charge on Chinese bank stake
HSBC's quarterly earnings declined significantly due to a substantial write-down related to its reduced ownership in a major Chinese financial institution, impacting overall profit...
Read Full Article →Hasbro beats second-quarter expectations as gaming division offsets tariff-fueled toy slump
Despite a decline in toy and entertainment revenue and a significant tariff-related charge, Hasbro's overall financial performance surpassed projections due to strong results from...
Read Full Article →Nvidia quarterly revenue surges nearly 70% despite China curbs
Nvidia’s substantial increase in quarterly income highlights strong market demand, contributing to a rise in its stock value despite a significant financial write-down related to r...
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