Finance News – Profits
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Bank of America Posts Better Profits, But Lower Revenue, Than Expected
Bank of America reported earnings that exceeded projections while its total income fell short of forecasts, reflecting mixed financial results for the recent quarter.
Read Full Article →Bitcoin faces possible short-term pullback as miners take profit, but long-term uptrend still intact
Bitcoin's recent decline of approximately 5% reflects miners realizing gains, yet investors remain optimistic due to the cryptocurrency’s sustained growth trajectory over the longe...
Read Full Article →Bitcoin Stalls as Traders Book Profits Amid Jerome Powell Succession Talks
Bitcoin experienced a modest decline as investors secured gains amid ongoing inflation concerns and discussions surrounding potential changes in Federal Reserve leadership.
Read Full Article →Hundred sell-off saved up to six counties from possible collapse, new report finds
The sale of shares in several cricket franchises provided crucial financial resources that helped stabilize multiple struggling counties, preventing potential insolvency and suppor...
Read Full Article →Bitcoin price drop to $114K possible as BTC whales take profits
A potential decline to $114,000 in Bitcoin's value may occur as large holders sell assets, contributing to market adjustments influenced by futures trading dynamics.
Read Full Article →Lloyds Bank-owned firm slumps into the red after huge profits
The company experienced a notable financial downturn in 2024, reporting a pre-tax loss of £10.6 million following previous years of significant earnings exceeding half a billion po...
Read Full Article →Wizz Air halts Abu Dhabi operations as instability threatens profits
Wizz Air has ceased flights from Abu Dhabi to concentrate resources on its main markets in Central and Eastern Europe, seeking to maintain financial stability amid regional uncerta...
Read Full Article →‘Story’ stocks are smoking hot in 2025. This is how it could end badly for investors.
In 2025, investor focus on companies' narratives over consistent earnings may increase market volatility and heighten the risk of significant financial losses if business fundament...
Read Full Article →Strategy, Metaplanet and Others Sit on Billions in Bitcoin Gains — and They’re Not Selling
Several large investors currently hold substantial unrealized profits in Bitcoin, benefiting from its record-high prices while opting not to liquidate their digital assets at this...
Read Full Article →Commodity firms poised for $300mn windfall from US copper tariff trade
Several major trading companies are expected to gain substantial financial benefits by moving large quantities of copper into the United States prior to the implementation of upcom...
Read Full Article →U.S. banks to report stronger profits after trading activity increases
Increased dealmaking during the latter part of the quarter contributed to improved earnings for U.S. banks, suggesting a potentially more favorable financial outlook moving forward...
Read Full Article →Samsung says profits to tumble 56% on weak AI chip sales to China
Samsung expects a substantial decline in quarterly earnings due to sluggish demand for AI chips in China, compounded by ongoing U.S. trade limitations affecting its technology expo...
Read Full Article →Trump is bullying Canada over ‘digital taxes’ and Canada caved | Joseph Stiglitz
The conflict over digital levies highlights the broader financial impact on international revenue, as imposing tariffs or withdrawing negotiations may affect billions owed from mul...
Read Full Article →London Marathon Events sprints to record surplus as profits surge
London Marathon Events experienced significant financial growth last year, with revenue increasing by nearly £11 million and pre-tax profit rising to £12 million, contributing a su...
Read Full Article →Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand
Samsung's anticipated operating profit of approximately $4.57 billion in the second quarter reflects a significant decline, highlighting challenges in capitalizing on the growing a...
Read Full Article →Why are Bitcoin and altcoins going down today?
The recent decline in Bitcoin and alternative cryptocurrencies reflects increased selling pressure as traders secured gains amid renewed market uncertainty and reduced optimism abo...
Read Full Article →Chris Hohn’s hedge fund TCI beats stock markets with 21% gain
Chris Hohn’s hedge fund achieved notable first-half profits by strategically investing in companies like GE Aerospace, Microsoft, and Visa, resulting in a return that outperformed...
Read Full Article →Currys boss urges government not to raise taxes on retailers
The Currys chief executive highlighted that higher taxes on retail businesses could hinder investment and contribute to additional price increases amid the company’s substantial pr...
Read Full Article →Bitcoin profit-taking makes $140K key BTC price point: Research
According to CryptoQuant, Bitcoin’s price may need to increase by approximately 30% to align with the current level of realized profits, which have not yet reached this year’s high...
Read Full Article →Bitcoin investors sit on $1.2 trillion in profits as HODLing dominates: Glassnode
Bitcoin holders currently possess unrealized gains totaling approximately $1.2 trillion, reflecting a prevailing tendency to retain assets despite market fluctuations and recent ge...
Read Full Article →Constellation Brands says ‘socioeconomic headwinds’ are hurting beer sales, amid immigration crackdo...
Constellation Brands experienced a decline in stock value following its report of stronger profit projections, while highlighting challenges in beer demand due to broader economic...
Read Full Article →M&S should be 'fully online' within four weeks, says boss
The company's rapid transition to a fully digital platform aims to mitigate the anticipated £300 million profit decline caused by the recent cybersecurity breach.
Read Full Article →Clubs accused of 'whitewashing' pokies revenue through benefit scheme
Some Northern Territory clubs appear to be minimizing their financial contributions to community programs by underreporting earnings from slot machines intended to support local in...
Read Full Article →Is the crypto bull run here? Bitcoin wavers as traders take profits
Investors are cautiously adjusting their positions in digital currencies, reflecting both short-term fluctuations and potential indicators of a longer-term upward trend in the mark...
Read Full Article →China's industrial profits plunge 9.1%, steepest fall in seven months
The recent downturn in China's industrial earnings represents the most substantial monthly decrease observed since October of the previous year, highlighting a notable shift in the...
Read Full Article →Nike says tariffs will cost it $1 billion before price increases, supply chain shifts
Nike anticipates a substantial financial impact from tariffs this quarter, which may challenge ongoing recovery strategies and raise concerns about potential declines in revenue an...
Read Full Article →Wall Street is getting worried about United Airlines. Yes, it’s mostly about Newark airport.
Investors are concerned that recent operational issues and the runway closure at Newark Liberty International Airport may negatively impact United Airlines’ revenue and overall fin...
Read Full Article →The best current account switch offers
Reviewing and changing your current account can lead to improved financial benefits, such as better interest rates, lower fees, and potential rewards that enhance overall money man...
Read Full Article →Second study finds Uber used opaque algorithm to dramatically boost profits
Researchers have revealed that Uber employed a non-transparent pricing system which significantly increased its earnings by adjusting fares and driver payments in a manner that lac...
Read Full Article →India wants 30% of your crypto gains, but that’s not the worst part
India’s proposed 30% tax on cryptocurrency profits represents a substantial financial burden for investors, but additional regulatory complexities and compliance requirements may p...
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