As geopolitical and economic pressures mount, homegrown businesses are increasingly the preferred choice over Western competitors in a more insular China.
Tag: Company Reports
Adidas Cuts Forecast Again as It Contemplates Future for Yeezy Brand
The German sportswear company slashed its yearly forecast after dropping the popular Yeezy line over hate speech by its creator, Kanye West.
Adidas Lowers Earnings Forecast After Dropping Kanye West
The German sportswear company slashed its yearly forecast after dropping the popular Yeezy line over hate speech by its creator, Kanye West.
Facebook’s Four Problems
Age, innovation, antitrust and the metaverse.
Why Tesla Soared as Other Automakers Struggled to Make Cars
The yawning disparity between the performance of the electric car company and established automakers last year reflects the technological change roiling the industry.
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.
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.
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.
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.
Walmart Says It’s Not Lowering Forecast Because of Coronavirus
The world’s largest retailer said it would continue to monitor the outbreak but was not adjusting its outlook for the year, a day after Apple warned of a slowdown.