The most recent quarterly report is the first since co-founder Ben Silberman stepped down as CEO.
Ford outperformed numerous automobile manufacturers in July, including Toyota, Ferrari, and Stellantis.
Despite the impressive numbers recorded by the trio, each faced challenges in July as the aftermaths of inflation, strain in the supply chain and the pangs of the coronavirus pandemic.
US Treasury yields for 2, 10, and 30 years were all trading higher on August 1 as investors brace for more earnings reports and economic data.
Following its weak Q2 2022 financial report, Intel has now given a reduced full-year guidance, blaming a rapid decline in economic activity.
Apple released its fiscal Q3 2022 which surpassed expectations on iPhone sales and overall revenue, but shows lower YoY profit.
Amazon CFO Brian Olsavsky hinted at the possibility of resuming hiring after letting go of thousands of employees in Q2 2022.
Both COVID-19 sales and Paxlovid contributed immensely to the impressive financial report Pfizer announced for Q2 2022.
Meta has given a gloomy picture for the third quarter with Zuckerberg adding that the “economic downturn will have a broad impact on the digital advertising business”.
The Q2 2022 report is a turnaround for Ford, which saw a net loss of $3.1 billion in Q1.
Leading European oil players Shell and Total have a combined buyback program of $8 billion in Q3 after pulling in impressive profits.
During the period ended June 30th, the bank’s profit dropped more than expected.
Meta released its eagerly anticipated Q2 2022 earnings came in less-than-stellar, as the company’s metaverse division sustained huge losses.
Spotify reported a 14% year-over-year jump in its paid subscribers to now at 188 million. By Q3 2022, the company expects to take its monthly active users to more than 450 million.
To prevent “harm” to honest competition, the FTC is insisting on blocking Meta from buying the Within company.