The world’s largest online retailer Amazon.com Inc (NASDAQ:AMZN). reported its lowest fourth-quarter net income since 2014, leading to a record annual loss. According to a press release, net income in the October-December period collapsed to $278 million, or 3 cents per share, compared to a record $14.32 billion, or $1.39 per share, in the same […]

Anglo-Dutch Shell will make decisions on investments in different types of energy resources depending on their profitability and compliance with the goals of the energy transition, said the new head of the company Vael Savan during the communication with investors. He emphasized that Shell plans to allocate a third of its investments to renewable and […]

The Russian authorities are considering abandoning the use of Urals quotations for oil tax calculations, and business activity in the Russian service sector is declining for the fourth month in a row – these and other important news for Friday morning, February 3, in our daily review. The Russian authorities are considering the possibility of […]

Apple on Thursday reported its first-quarter financial results that fell short of analysts’ expectations, driven by lower iPhone sales amid a worsening economy and manufacturing problems in China. The company’s profit came in below forecasts for the first time since 2016. Apple (NASDAQ:AAPL) shares fell 3% after the report was published. The company reported earnings […]

This is the moment of truth for India’s capital market and perhaps its entire growth model. Gautam Adani, on paper Asia’s richest man until last week, is accused of the biggest scam in corporate history, using extraordinary leverage and a network of offshore shell companies to manipulate the value of his group companies. Adani, naturally, […]

U.S. automaker Ford Motor Co (NYSE:F). cut net income 9.4 times to $1.3 billion, or 32 cents per share, in the fourth quarter of 2022, compared with $12.3 billion, or $3.03 per share, in the comparable period a year earlier. Ford’s adjusted earnings rose to 51 cents per share from 26 cents per share a […]

Software analytics company MicroStrategy recorded a $34 million loss after its first bitcoin sale last quarter, Cointelegraph writes. Recorded impairment losses on its BTC assets, net of gains on the sale, totaled nearly $1.3 billion for the full year 2022. MicroStrategy CFO Andrew Kang said the company may consider additional transactions to take advantage of […]

The fortune of Meta* founder and CEO Mark Zuckerberg on Thursday, February 2, increased by a record $12.5 billion. Such a significant increase was facilitated by a rally in bigtech stocks on the back of the company’s strong results, Bloomberg writes. On Wednesday, February 1, after the close of the main trading session in the […]

Lord Jo Johnson, the younger brother of former British Prime Minister Boris Johnson, has turned down a senior position at Elara Capital, a global investment bank with links to Gautam Adani’s empire, Yahoo writes. He was acting director of Elara Capital, a full-service investment bank that was founded in 2002 to raise funds for Indian […]