People Are Now Spending More Money at Amazon Than at Walmart

Proof that the online future has arrived: The biggest e-commerce company outside China has unseated the biggest brick-and-mortar seller.

#company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #shopping-and-retail

New York Times 2021 Q2 Earnings: 8 Million Subscribers

The company expects to end the year with about 8.5 million. In its quarterly results, it reported holding nearly $1 billion in cash.

#company-reports, #new-york-times-company, #news-and-news-media, #newspapers

Tesla Sales More than Double in the Second Quarter

Tesla said sales doubled in the second quarter, but Ford reported a more modest increase as the industry grapples with a semiconductor shortage.

#automobiles, #company-reports, #electric-and-hybrid-vehicles, #ford-motor-co, #shortages, #tesla-motors-inc, #united-states

G.M. to Boost Electric Vehicle Spending, Build Battery Plants

General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.

#automobiles, #barra-mary-t, #batteries, #company-reports, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #general-motors, #production

Gap Sees Its Post-Pandemic Future Outside of Malls

The retailer’s first-quarter sales jumped 89 percent to $4 billion from a year earlier as its e-commerce continues to grow.

#company-reports, #fashion-and-apparel, #gap-inc, #quarantine-life-and-culture, #shopping-and-retail

Amazon Paid No Corporate Tax to Luxembourg

The e-commerce giant’s European retail business had record sales in 2020, but its headquarters on the continent reported a $1.4 billion loss.

#amazon-com-inc, #company-reports, #corporate-taxes, #e-commerce, #income-tax, #institute-on-taxation-and-economic-policy, #luxembourg, #politics-and-government, #tax-credits-deductions-and-exemptions, #tax-shelters, #united-states-economy

Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine

The company said its vaccine generated $3.5 billion in revenue in the first three months of this year.

#biontech-se, #company-reports, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #international-trade-and-world-market, #inventions-and-patents, #pfizer-inc, #third-world-and-developing-countries, #vaccination-and-immunization

Berkshire Hathaway Shows a Rebound From the Pandemic

The company reported a nearly 19 percent year-on-year gain in the first quarter, as its subsidiaries — from railroads to energy companies to consumer brands — improved their performances.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #los-angeles-calif, #munger-charles-t, #omaha-neb

‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech

The dictionary doesn’t have enough superlatives to describe what’s happening to the five biggest technology companies, raising uncomfortable questions for their C.E.O.s.

#amazon-com-inc, #apple-inc, #company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #data-mining-and-database-marketing, #e-commerce, #facebook-inc, #google-inc, #microsoft-corp, #recession-and-depression, #regulation-and-deregulation-of-industry, #social-media, #stocks-and-bonds, #united-states-economy

Comcast Earnings Beat Expectations Amid Shift to Streaming

As it takes the risk of transforming itself from a TV giant into a streaming start-up, the cable operator beat investors’ estimates in its first-quarter results.

#advertising-and-marketing, #cable-television, #comcast-corporation, #company-reports, #nbcuniversal, #television, #video-recordings-downloads-and-streaming, #web-original-programming

Tesla Earnings Set Record in First Quarter

The electric-car maker’s performance reflected increasing sales and production around the world.

#automobiles, #company-reports, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #musk-elon, #tesla-motors-inc

HBO Max Gains Traction in a Crowded Field

AT&T, HBO’s parent company, reported that HBO and the new streamer added 2.7 million subscribers in the first quarter.

#att-inc, #company-reports, #hbo-max, #kilar-jason, #movies, #television, #video-recordings-downloads-and-streaming

Once Crippled by the Pandemic, Airlines See a Fast Recovery Coming

As demand for tickets recovers, airlines are calling back workers, adding flights and planning for a summer they say could be normal.

#airlines-and-airplanes, #american-airlines, #company-reports, #coronavirus-2019-ncov, #delta-air-lines-inc, #flight-attendants, #labor-and-jobs, #pilots, #southwest-airlines-company, #united-airlines, #united-states

Netflix’s Dominance Starts to Slow as Rivals Gain

The streaming service reported the addition of four million new customers for the first quarter, below the six million it had forecast.

#company-reports, #media, #netflix-inc, #video-recordings-downloads-and-streaming, #web-original-programming

With Earnings Soaring, Wall Street Banks See Economic Boom Ahead

The banks said they released large chunks of money that had been set aside to cushion themselves from losses caused by the pandemic.

#banking-and-financial-institutions, #company-reports, #dimon-james, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #united-states-economy, #wells-fargocompany

‘It’s Déjà Vu’: Credit Suisse Faces a Big Loss From Familiar Troubles

The Swiss bank is in turmoil after a series of financial disasters that have battered its reputation and are likely to diminish its global clout.

#appointments-and-executive-changes, #archegos-capital-management-llc, #company-reports, #credit-suisse-group-ag, #greensill-capital

The Gambling Company That Had the Best Pandemic Ever

Lockdowns helped Britain’s most profitable online betting outfit, bet365, hit the jackpot. For addicted gamblers, it has been a disaster.

#athletics-and-sports, #bet365-group-ltd, #coates-denise-1967, #coates-peter-1938, #company-reports, #computers-and-the-internet, #content-type-personal-profile, #coronavirus-2019-ncov, #gambling, #great-britain, #quarantine-life-and-culture, #soccer, #stoke-city-soccer-team, #stoke-on-trent-england

Auto Dinosaurs Show They’re Not Dead Yet

Daimler reported unexpectedly strong profits, underlining a rebound by traditional carmakers despite the pandemic.

#batteries, #company-reports, #daimler-ag, #electric-and-hybrid-vehicles, #general-motors, #jaguar-land-rover, #kallenius-ola, #mercedes-benz, #musk-elon, #renault-sa, #stuttgart-germany, #tesla-motors-inc

G.M.’s Profits From Trucks and S.U.V.s Fuel Its Electric Quest

The automaker earned more than $6 billion last year — money that it will plow into the development of electric and autonomous vehicles.

#automobiles, #barra-mary-t, #biden-joseph-r-jr, #company-reports, #coronavirus-2019-ncov, #driverless-and-semiautonomous-vehicles, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #fuel-emissions-transportation, #general-motors, #north-america, #tesla-motors-inc

The New York Times Tops 7.5 Million Subscriptions as Ads Decline

In its fourth-quarter earnings report, The New York Times Company said 2020 was its biggest year for adding subscribers.

#company-reports, #kopit-levien-meredith, #new-york-times-company, #news-and-news-media, #newspapers

What Is GameStop, the Company, Really Worth? Does It Matter?

The frenzy for the troubled retailer’s stock has been a headscratcher for the analysts who try to determine a company’s value.

#company-reports, #computer-and-video-games, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #gamestop-corporation, #prices-fares-fees-and-rates, #shopping-and-retail, #short-selling, #stocks-and-bonds, #united-states

Tesla Has First Profitable Year, but Competition Is Growing

The company benefited from a jump in sales of electric cars in China and Europe, but its fourth quarter earnings fell short of Wall Street’s expectations.

#automobiles, #company-reports, #electric-and-hybrid-vehicles, #tesla-motors-inc

Netflix Will No Longer Borrow, Ending Its Run of Debt

The streaming giant borrowed over $16 billion in less than a decade as it built out its content library. The strategy prompted criticism that the company was unsustainable.

#company-reports, #hastings-reed, #media, #netflix-inc, #video-recordings-downloads-and-streaming

The Pandemic Sank Auto Sales. Vaccines Could Bring Buyers Back.

Carmakers say new models should also help lift the industry in 2021, after a 15 percent decline in its slowest year since it recovered from the Great Recession.

#automobiles, #company-reports, #coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #general-motors, #shutdowns-institutional, #sports-utility-vehicles-and-light-trucks, #toyota-motor-corp, #united-states, #united-states-economy

Marc Benioff Sets His Sights on Microsoft

The Salesforce C.E.O.’s planned acquisition of Slack will have him competing directly with the Goliath that is Microsoft.

#benioff-marc, #company-reports, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #microsoft-corp, #salesforce-com-inc, #silicon-valley-calif, #slack-technologies-inc, #social-media, #software

DoorDash Reveals I.P.O. Filing

The company’s performance renewed questions about whether “gig economy” businesses can turn a profit.

#company-reports, #delivery-services, #doordash-mobile-app, #food, #freelancing-self-employment-and-independent-contracting, #initial-public-offerings, #restaurants, #venture-capital, #xu-tony

PlayStation 5: The Next Step in Sony’s Rebound

The gaming console, coming out in its latest version on Thursday, has become the Japanese giant’s centerpiece product.

#company-reports, #computer-and-video-games, #computers-and-the-internet, #electronics, #hirai-kazuo, #microsoft-corp, #playstation-4-video-game-system, #sony-corporation, #xbox-video-game-system, #yoshida-kenichiro

Mastercard’s Ajay Banga Took the Long View and Preserved Jobs

In 10 years running Mastercard, Ajay Banga has favored a forward-looking approach.

#banga-ajay, #company-reports, #content-type-personal-profile, #coronavirus-2019-ncov, #credit-cards, #executives-and-management-theory, #labor-and-jobs, #layoffs-and-job-reductions, #mastercard-inc, #stimulus-economic, #wages-and-salaries

New York Times Hits 7 Million Subscribers as Digital Revenue Rises

For the first time, the publisher brings in more revenue from online readers than its print subscribers.

#company-reports, #kopit-levien-meredith, #new-york-times-company, #news-and-news-media, #newspapers, #serial-radio-program, #trump-donald-j

Gilead’s Covid-19 Drug Is Mediocre. It Will Be a Blockbuster Anyway.

Gilead Sciences said Wednesday that remdesivir, which has been authorized for emergency use since the spring, brought in $873 million in revenues so far this year.

#company-reports, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #food-and-drug-administration, #gilead-sciences-inc, #remdesivir-drug, #research, #your-feed-science

Big Tech Continues Its Surge Ahead of the Rest of the Economy

Amazon, Apple, Facebook and Alphabet reported the latest in a string of enormous quarterly profits on Thursday.

#advertising-and-marketing, #alphabet-inc, #amazon-com-inc, #apple-inc, #company-reports, #computers-and-the-internet, #e-commerce, #facebook-inc, #google-inc, #social-media

Leon Black Calls Relationship With Jeffrey Epstein a ‘Terrible Mistake’

Mr. Black, the billionaire chief executive of Apollo Global Management, said others’ continued association with Mr. Epstein had given him “misplaced comfort” in doing business with him.

#apollo-global-management, #black-leon-d, #company-reports, #epstein-jeffrey-e-1953, #finances, #museum-of-modern-art, #private-equity

A.M.D. Agrees to Buy Xilinx for $35 Billion in Stock

The deal would broaden A.M.D.’s business into chips for markets like 5G communications and automotive electronics.

#advanced-micro-devices-inc, #company-reports, #computer-and-video-games, #computer-chips, #computers-and-the-internet, #factories-and-manufacturing, #intel-corporation, #mergers-acquisitions-and-divestitures, #xilinx-inc

Peloton Recalls Pedals on Thousands of Bikes After Reports of Injury

About 27,000 bikes were affected by the recall, according to the U.S. Consumer Product Safety Commission.

#bicycles-and-bicycling, #company-reports, #exercise, #health-clubs, #peloton-interactive-inc, #quarantine-life-and-culture, #recalls-and-bans-of-products

Snowflake More Than Doubles in Debut as Wall Street Embraces Tech IPOs

The data storage company is among several prominent start-ups going public this year as the tech industry thrives in the pandemic.

#company-reports, #data-storage, #initial-public-offerings, #snowflake, #software, #start-ups, #stocks-and-bonds, #venture-capital

Palantir, Tech’s Next Big I.P.O., Lost $580 Million in 2019

The Silicon Valley company could be the next in a string of tech outfits to go public long before they have turned a profit.

#company-reports, #initial-public-offerings, #karp-alex, #palantir-technologies

Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

The coronavirus pandemic took a major toll on the oil giant’s earnings, but Aramco will maintain its hefty dividend for shareholders.

#company-reports, #coronavirus-2019-ncov, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #saudi-arabia, #saudi-aramco

Profits Rebound at Warren Buffett’s Berkshire Hathaway

Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.

#apple-inc, #automobile-insurance-and-liability, #bank-of-america-corporation, #berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #geico-government-employees-insurance-co, #stocks-and-bonds, #united-states-economy

Uber’s Ride-Hailing Business Craters, but Deliveries Surge in Pandemic

Uber said revenue fell 29 percent in the second quarter because people traveled less, but food deliveries soared.

#car-services-and-livery-cabs, #company-reports, #coronavirus-2019-ncov, #delivery-services, #khosrowshahi-dara, #uber-eats, #uber-technologies-inc

Major U.S. Health Insurers Report Big Profits, Benefiting From the Pandemic

Consumers are probably entitled to millions of dollars in rebates under Obamacare rules that cap companies’ profits.

#aetna-inc, #anthem-inc, #blue-cross-and-blue-shield-assn, #cigna-corporation, #company-reports, #coronavirus-2019-ncov, #customer-relations, #cvs-caremark-corporation, #finances, #health-and-human-services-department, #health-insurance-and-managed-care, #hospitals, #patient-protection-and-affordable-care-act-2010, #presidential-election-of-2020, #rebates-and-refunds, #stocks-and-bonds, #united-states-politics-and-government, #unitedhealth-group-inc, #your-feed-healthcare

Digital Revenue Exceeds Print for 1st Time for New York Times Company

The pandemic squeezed advertising for the web as well as print, but subscription growth was the best ever for a quarter.

#company-reports, #kopit-levien-meredith, #new-york-times-company, #news-and-news-media, #newspapers, #thompson-mark-john-1957

A Better Year for Trump’s Family Business (Last Year, That Is)

In 2019, the Trump Organization showed improvement over the previous year. But the company’s minimum reported revenues still fell short of the president’s first year in office, his new financial disclosure shows.

#company-reports, #coronavirus-2019-ncov, #hotels-and-travel-lodgings, #real-estate-commercial, #shutdowns-institutional, #trump-organization, #trump-donald-j, #united-states-politics-and-government

Big Tech Companies Report Big Profits

Big tech companies reported bumper profits in the shadow of congressional scrutiny over their outsize market power.

#alphabet-inc, #amazon-com-inc, #apple-inc, #company-reports, #facebook-inc, #google-inc, #pichai-sundar, #stimulus-economic, #united-states-economy

The Economy Is in Record Decline, but Not for the Tech Giants

Even though the tech industry’s four biggest companies were stung by a slowdown in spending, they reported a combined $28 billion in profits on Thursday.

#alphabet-inc, #amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #facebook-inc, #online-advertising, #social-media, #stocks-and-bonds, #united-states-economy

Bezos, Cook, Pichai and Zuckerberg Prepare For Grilling

The bosses of four tech giants are preparing to defend themselves at a congressional hearing against claims of anti-competitive behavior.

#alphabet-inc, #amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #bezos-jeffrey-p, #company-reports, #cook-timothy-d, #facebook-inc, #google-inc, #major-league-baseball, #pichai-sundar, #solomon-david-m, #zuckerberg-mark-e

‘A Big Correction’: Pandemic Brings Change to ‘Bloated’ Ad Industry

The marketing business is going through a period of innovation as it sheds workers and tries to hold on to clients.

#advertising-and-marketing, #chipotle-mexican-grill-inc, #company-reports, #coronavirus-2019-ncov, #layoffs-and-job-reductions, #major-league-baseball, #read-mark-marketing-executive, #visa-inc, #wpp

Tesla Turns a Profit in a Pandemic-Squeezed Quarter

The result was achieved “despite tremendous difficulties,” said the chief executive, Elon Musk, including a plant shutdown and lower sales.

#company-reports, #electric-and-hybrid-vehicles, #executive-compensation, #musk-elon, #stocks-and-bonds, #tesla-motors-inc

Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.

#chevron-corporation, #company-reports, #coronavirus-2019-ncov, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #wirth-michael-k

Banks Stockpile Billions as They Prepare for Things to Get Worse

JPMorgan Chase, Citigroup and Wells Fargo said that as long as the economy behaved according to their forecasts, they were braced for more pandemic-induced pain.

#banking-and-financial-institutions, #citigroup-inc, #company-reports, #coronavirus-2019-ncov, #credit-and-debt, #jpmorgan-chasecompany, #piepszak-jennifer, #scharf-charles-w, #united-states-economy, #wells-fargocompany

Tesla Shines During the Pandemic as Other Automakers Struggle

The electric carmaker’s deliveries fell as people around the world were forced to stay home by government orders and fears over the coronavirus pandemic. But the decline was far smaller than for other automakers.

#austin-tex, #automobiles, #company-reports, #coronavirus-2019-ncov, #coronavirus-reopenings, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #fremont-calif, #musk-elon, #stocks-and-bonds, #tesla-motors-inc