Alfred Gray

NISSAN AND PRODUCTION EXPANSION

Nissan is planning another gigafactory and will produce two new models at its electric vehicle centre in Sunderland.

Japanese carmaker Nissan Motor will expand its electric car and battery production capacity in the UK with investments that will reach up to GBP3 billion (USD2.4 billion), with the aim of having a complete EV production line in...
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HP shares fall despite good results

Shares of technology giant HP Inc. fell more than 3% in extended trading on Tuesday, even though the company reported strong overall results and said it plans to launch its first computers with artificial intelligence in the second half of 2024. HP CEO Enrique Lores came up with the news in an interview on Tuesday.

The past year has been a...
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John & Deere 4Q results

Financial results

The company's revenue decreased year-over-year from $15.536 billion to $15.412 billion.

John & Deere's operating expenses decreased year-over-year from $12.65 billion to $12.339 billion. Consequently, operating profit increased year-on-year from USD 2.886 billion to USD 3.073 billion.

Net profit increased by more than EUR 120 million year...
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McDonald's, the global fast-food giant, on Monday announced a substantial expansion of its ownership stake in Chinese operations to take advantage of growth and opportunities in the world's second-largest economy. The company revealed plans to buy out minority shareholder Carlyle Group, increasing its stake in the Chinese business from 20% to 48%.

Carlyle Group originally...
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SAM ALTMAN AND HIS NEW POSITION

The ousted CEO of OpenAI will lead the artificial intelligence research team newly established by Microsoft.

A day after the announcement that OpenAI's board of directors had decided to terminate Sam Altman as CEO and the subsequent resignation of co-founder Greg Brockman, CEO Satya Nadella took to Platform X to announce that both Altman and...
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Eurozone: CPI for October

CPI (y-y) (October - final):
current value: 2.9%
market expectations: 2.9%
previous value: 2.9%

CPI (m-m) (October - final):
actual value: 0.1%
market expectation: 0.1%
previous value: 0.1%

Core CPI (y-y) (October - final):
current value: 4.2%
market expectation: 4.2%
previous value: 4.2%

TARGET RESULTS FOR 3Q

Economic results

The company's revenue declined 4.3% year-over-year to $25 billion, but still beat the analyst consensus of $24.88 billion. Similarly, comparable sales weakened by 4.9% y-o-y, but analysts expected a 5.22% decline. Comparable online sales weakened slightly more, down 6% y-o-y against estimates of a 10.3% decline.

Operating EBITDA was USD 2.06...
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Berkshire Hataway - Selling positions in 3Q

Berkshire Hathaway disclosed changes to its portfolio yesterday as part of its 13F quarterly report. It completely sold off several of its positions in 3Q, such as General Motors, Procter & Gamble and Activision Blizzard. It also reduced its position in Chevron and Hewlett-Packard, for example.

HOME DEPOT RESULTS FOR 3Q

Economic results

Home Depot's revenue declined 2% year-over-year to $37.71 billion, which was in line with market expectations. Comparable sales overall declined 3.1% YoY on expectations of a 3.31% decline. Directly in the United States, comparable sales fell by 3.5%, slightly below the market estimate of -3.67%.

Gross margin was 33.8% against...
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TYSON FOODS RESULTS

Results

Tyson Foods generates sales from four segments, namely beef, pork, chicken and prepared meats.

Beef sales volume declined 6.7% year-over-year. A decline of 5.68% was expected.

The volume of pork sales fell by 0.2% year-on-year, while growth of 1.2% was expected.

Chicken sales volume was up 1.7% year-on-year.

The volume of sales of semi-finished products...
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Emirates Group, the influential Dubai-based state-owned entity, is shattering records by posting an all-time high half-year profit of 10.1 billion dirhams ($2.75 billion) in the 2023-24 fiscal year, a rocketing 138% increase from the previous year's half-year profit of 4.2 billion dirhams.

The unprecedented profit success is largely attributed to strong international demand for...
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Shares in cloud monitoring software company Datadog saw a stunning 28% rise on Tuesday, marking its most successful day to date. The surge followed the release of the company's third-quarter results and full-year outlook, both of which beat expectations. The company's quarterly revenue was reported at $547.5 million, representing an impressive 25% year-over-year growth rate...
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WARNER BROS 3Q RESULTS

Economic result

Revenue increased 2% year-over-year to $9.979 billion. At constant exchange rates, revenue grew 1%.

Total operating expenses decreased year-on-year to USD 9.88 billion from USD 12.013 billion. The largest year-on-year decrease in operating expenses was recorded in the restructuring item, from USD 1.52 billion to USD 0.269 billion.

In 3Q 2022,...
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Berkshire Hathaway and a record amount of cash.

Berkshire Hathaway on Saturday reported a big jump in third-quarter operating profit and also a record amount of cash as Warren Buffett saw few opportunities to close deals.

Operating profit for the Omaha-based conglomerate, which includes profits from myriad wholly owned businesses such as insurance, railroads and utilities,...
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AIRBNB $ABNB

Shares of Airbnb fell about 3% in after-hours trading Wednesday, despite reporting better-than-expected revenue for the quarter. The decline came after the company reported a weaker-than-expected outlook for the upcoming fiscal period.

According to data from LSEG, formerly known as Refinitiv, Airbnb reported earnings of $6.63 per share in the recently ended quarter,...
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