Vacation rental Airbnb Inc (ABNB.O) on Tuesday forecast bookings for the current quarter at par with the record-breaking previous one, disappointing investors who had expected far more amid booming summer…
Category: Business
Fed’s Bullard: ‘Relatively soft landing’ feasible for Fed, ECB
The U.S. Federal Reserve and the European Central Bank may both be able to execute a "relatively soft landing" that avoids a harsh recession for their respective economies as they…
GM prepaying Livent $198 million for guaranteed lithium supply
General Motors Co (GM.N) is prepaying Livent Corp (LTHM.N) $198 million for a guaranteed six-year supply of lithium, a deal that reflects the auto industry's rising worry about a tightening…
Brazil’s Cielo Q2 net profit soars, beating forecasts
Brazilian payment processor Cielo SA (CIEL3.SA) said on Tuesday its second-quarter net profit more than tripled, beating analysts' forecasts, helped by proceeds from the sale of a subsidiary. The company,…
Brazil’s Petrobras leapfrogs oil majors in dividend payouts
Brazil's state-controlled oil company Petrobras (PETR4.SA) will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense…
Coterra, Chesapeake, and Pioneer report strong profits, boost shareholder returns
U.S. shale producers Chesapeake Energy Corp (CHK.O), Pioneer Natural Resources and Coterra Energy Inc (CTRA.N)on Tuesday reported strong second-quarter profits and boosted shareholder returns with higher dividends and buybacks. U.S.…
SK Hynix says has developed its most advanced 238-layer storage chip
South Korea's SK Hynix Inc (000660.KS) has developed its most advanced NAND flash chip made up of 238 layers of memory cells for use in PC storage devices and later…