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UPS still profiting off pandemic package surge
UPS posted earnings of $4.79 billion, or $5.47 per share. Per-share profits with one time gains or losses remove.....»»
Goldman Sachs posts record results as profits jump
Investment bank Goldman Sachs saw its profits nearly quintuple in the first quarter, driven by a massive surge of revenue from its core investment banking and trading operations......»»
Superior Plating to see profits surge in 2021
Superior Plating Technology (SPT), dedicated to metal surface treatment and elect.....»»
Firearms maker Sturm Ruger has best year since 2016
Sturm Ruger & Co. had its best sales year since 2016 as a "historic surge" in firearms demand held throughout 2020. Shares of the firearm maker rose nearly 3% in the extended session Wednesday. Sturm Ruger said it earned $31.7 million.....»»
Janet Yellen says "misuse" of cryptocurrencies like bitcoin is a growing problem, as regulators increase scrutiny after surge in interest
Treasury secretary Janet Yellen said cryptocurrencies like bitcoin have been "used to launder the profits of online drug traffickers." Janet Yellen had more tough talk on cryptocurrencies like bitcoin, flagging their 'misuse......»»
US bank stocks surge after Fed clears way for up to $11 billion of buybacks
The Fed said Friday that banks can resume buybacks in 2021 so long as they don't exceed the average quarterly profits from the past four quarters. Brendan Mc.....»»
HSBC"s profits plunged 51% last quarter as the coronavirus pandemic battered the bank
Reuters HSBC posted first-quarter earnings on Tuesday that fell short of Wall Street forecasts. The British bank's adjusted revenues slid 6%, and a surge in expected cre.....»»
Adata sees 1Q20 profit surge
Memory module maker Adata Technology saw its first-quarter 2020 net profits surpass those for all of 2019, driven by DRAM and NAND flash chip price rallies......»»
Citi"s trading windfall no match for surge in souring loans
Citigroup Inc.’s bond traders just posted their best quarter in eight years—a feat that was no match for the tidal wave of souring loans that walloped the bank’s profits. The deadly pandemic that... To view the full story, click the title link......»»
Hedge Fund and Insider Trading News: Starboard Value L.P., Horseman Capital Management, Amber Capital, Elliott Management, Silvercrest Asset Management Group Inc (SAMG), Okta Inc (OKTA), and More
Hedge Fund Bear Horseman Mulls Utilities Profits Squeeze as Gas Futures Surge (Hedge Week) Future rises in the cost of natural gas following th.....»»
Mortgage rates surge to highest level since January even though the Fed just brought interest rates to 0% — here’s why
Mortgage rates experienced the largest weekly increase since 2016......»»
Shennan Circuits profits surge over 70% in 2019
China-based PCB manufacturer Shennan Circuits has reported net profits surged 76.8% from a year earlier to CNY1.23 billion (US$177.7 million) in 2019, when revenues climbed 38.4% on year to CNY10.52 billion......»»
Profits surge at Peugeot maker PSA ahead of Fiat merger
Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America......»»
Higher Revenues But Weaker Profits For Harbour Link
It's a weak start at the beginning of the new financial year for Harbour Link (BM: 2062), which reported a surge in revenues and a surge in cos.....»»
Mega-Port Operator MMC Reports Huge Surge In Revenues And Profits
Malaysia-based port, engineering and property giant MMC (BM: 2194) shrugged off the trade war and economic headwinds to report significant increases in revenues and profits. Analysts are enthusiastic about the stock. MMC reported revenues of 1.2 bill.....»»
Phillips 66: IMO 2020 Will Likely Lead To Surge In Refining Profits
Phillips 66: IMO 2020 Will Likely Lead To Surge In Refining Profits.....»»
Maersk Profits Surge Despite Revenue Contraction
Maersk chose profitability over market share in the third quarter as the container shipping giant bolstered its bottom line on lower revenues. 0 read more.....»»
Maersk Profits Surge Despite Revenue Contraction
Maersk chose profitability over market share in the third quarter as the container shipping giant bolstered its bottom line on lower revenues. A.P. Moller – M.....»»
Hapag-Lloyd Q3 Profits Surge On Higher Freight Rates
Hapag-Lloyd (ETR: HLAG) posted significant third quarter earnings and revenue increases as it managed to nudge up freight rates. 0 read more.....»»