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Business

Airbnb’s tepid bookings target muddies record quarter, shares slide

By p-falconorg August 14, 2022August 8, 2022

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…

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Business

Fed’s Bullard: ‘Relatively soft landing’ feasible for Fed, ECB

By p-falconorg August 13, 2022August 8, 2022

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…

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Business

GM prepaying Livent $198 million for guaranteed lithium supply

By p-falconorg August 12, 2022August 8, 2022

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…

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Business

Brazil’s Cielo Q2 net profit soars, beating forecasts

By p-falconorg August 11, 2022August 8, 2022

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,…

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Business

Brazil’s Petrobras leapfrogs oil majors in dividend payouts

By p-falconorg August 10, 2022August 8, 2022

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…

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Business

Coterra, Chesapeake, and Pioneer report strong profits, boost shareholder returns

By p-falconorg August 9, 2022August 8, 2022

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.…

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Business

SK Hynix says has developed its most advanced 238-layer storage chip

By p-falconorg August 8, 2022August 8, 2022

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…

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