Daily Management Review
Business & Finance

Boeing adds 28% in Q1 revenue

The U.S. aerospace company Boeing released its first quarter financial results. The company’s revenues increased by 28%, to $17.9 billion. The corporation also reported a $425 million net loss, a considerable decrease from $1.2 billion in the first quarter of 2022. During the first quarter, 130...

British American Tobacco fined for selling cigarettes to North Korea

British American Tobacco (BAT) and its subsidiary BAT Marketing Singapore (BATMS) were fined by the U.S. Justice Department for engaging in business in the DPRK in order to evade American sanctions. The corporations agreed to pay $629 million to U.S. authorities as part of the settlement for fraud...

UBS profit halves due to litigation in the U.S.

According to statistics from the corporation, UBS's net profit for the first quarter was $1.03 billion, a 52% decrease from the same time previous year. As a result, the bank's stock declined by nearly 4% at the start of trading on the Swiss exchange. An American lawsuit from 2018 was the primary...

New Johnson & Johnson division valued at $40 billion ahead of IPO

Before going public on the New York Stock Exchange, Johnson & Johnson, a part of Johnson & Johnson that will concentrate on producing consumer health products, was valued at $ 40 billion, according to WSJ. Johnson & Johnson's consumer healthcare goods segment has a $40 billion market...

A Return To Pandemic Levels Of Hunger Could Indicate Economic Instability

A trip to the largest food bank warehouse in the country provides some unsettling hints as economists and investors scrutinize data on inflation, jobs, housing, banking, and other bellwether indicators to assess whether the United States is headed for a recession.   The demand for food...

Days After Its Sixth Price Decrease This Year, Tesla Raises Prices In The US

According to information posted on Tesla Inc.'s website on Thursday, the company increased the U.S. prices for the Model S and X luxury electric vehicles, even though they are still 20% less expensive than they were at the beginning of the year following a flurry of price reductions to spur demand....

IBM Tops First-Quarter Earnings Expectations, Showing That Demand Is Still Strong

Shares of IBM Corp rose 3.5% after the bell on Wednesday as the company's first-quarter profit beat Wall Street forecasts and it showed that demand for IT services was stronger than anticipated.   In accordance with IBM's expectations, the company's software and consulting businesses saw...

Indian Cab Startup BluSmart Challenges Uber To An EV Battle

BluSmart, an Indian ride-hailing firm, is attempting to compete with Uber and Ola for market share in the nation by placing investments on an all-electric taxi fleet and making an aggressive effort to woo customers and drivers away from the competition.   The administration of Prime Minister...

Intel to stop production of chips used for mining

According to Intel’s official quoted by news site Tom's Hardware, the company said that it would stop making a line of Blockscale mining chips. The news portal quotes an Intel spokesperson as saying that the company's current strategy, known as IDM 2.0, in which Intel is outsourcing production of...

Will Netflix's Pricing Reductions And Ad-Supported Model Bring In New Users?

Investors will closely examine if recent price cuts and the introduction of an ad-supported plan are luring customers to subscribe and stick with Netflix Inc., which is expected to report that it added about 2 million subscribers in the first quarter.   The company, which lost 200,000...
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