President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
Tag: Company Reports
Volkswagen’s Profit Under Pressure From Tariffs and Competition
The German auto giant’s earnings fell last year as it pushed ahead with a restructuring in the face of tariff uncertainty in the United States and lost market share in China.
Tesla’s Fourth-Quarter Earnings Report Sharp Drop in Profit
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.
Tesla Sales Increase, Suggesting Electric Car Demand Is Rebounding
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.
Tesla’s Sales Slip as It Readies Factories for New Models
Analysts expected a decline in sales for the quarter. Still, the dip may raise concerns about flagging demand.
LVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?
With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.
The fallout from Silicon Valley Bank’s collapse spreads to an Indian tech company.
Nazara Technologies, a mobile gaming company, said two of its subsidiaries had together more than $7.7 million in balances at the failed bank.
Adidas Is Wondering What to Do With $1.3 Billion in Yeezy Sneakers
After severing business ties with the rapper Ye, Adidas said it would cut its dividend and declared 2023 a “transition year.”
On Alibaba’s Singles Day, Chinese Brands Fill Shopping Baskets
As geopolitical and economic pressures mount, homegrown businesses are increasingly the preferred choice over Western competitors in a more insular China.