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Home Depot Sales Up But Trims Profit Forecast
Home Depot’s second-quarter sales rose slightly as the nation’s biggest home improvement retailer benefitted from an $18 billion...

By The Financial District
Aug 16, 20241 min read


Marathon Sells $250-M Notes To Buy More Bitcoin
Bitcoin miner Marathon Digital Holdings Inc. announced it will sell $250 million of convertible senior notes and use the proceeds to buy...

By The Financial District
Aug 16, 20241 min read


Japanese Hotels, Inns Hit By Cancellations After Megaquake Alert
Hotels and ryokan, Japanese-style inns, in coastal areas in central and western Japan, have been hit by hundreds of cancellations...

By The Financial District
Aug 16, 20241 min read


Tesla Halts Cheap Cybertruck Orders As Expensive Versions Pile Up
Tesla has stopped taking orders for its least expensive Cybertruck, hinting at demand concerns as more expensive Foundation Series trucks...

By The Financial District
Aug 16, 20241 min read


Alsons Logs 22% Increase In Net Income To PHP585 Million In Q2 2024
Alsons Consolidated Resources Inc. (ACR) has reported a net income of PHP585 million for the second quarter of 2024.

By The Financial District
Aug 15, 20242 min read


Goodyear To Invest C$575 Million To Upgrade Canada Tire Plant
The Canadian unit of Goodyear Tire & Rubber Co. is set to invest more than C$575 million ($418.4 million) to upgrade its plant in Napanee...

By The Financial District
Aug 15, 20241 min read


Starbucks Soars After Tapping Chipotle's Brian Niccol As Its New CEO
Starbucks shares soared more than 20% after the coffee chain announced it is ousting its current CEO, Laxman Narasimhan, and will replace...

By The Financial District
Aug 15, 20242 min read


Blink Fitness, Owned By Equinox, Files For Chapter 11 Bankruptcy
Gym operator Blink Fitness has filed for Chapter 11 bankruptcy protection.

By The Financial District
Aug 15, 20241 min read


Trump’s Gig with Musk is Another X Catastrophe
Elon Musk promised entertainment but delivered technical difficulties instead. Musk planned to host Donald Trump for a live interview on X.

By The Financial District
Aug 15, 20241 min read


Filinvest REIT Reports 94% Of Its Portfolio Now Fully Powered By Renewable Energy
Filinvest REIT Corp. (FILRT) announced that 16 out of its 17 buildings, representing 94% of its portfolio, are now fully powered by...

By The Financial District
Aug 14, 20242 min read


Mounjaro, Zepbound Boost Eli Lilly’s Q2 Performance
Eli Lilly surpassed second-quarter expectations, with the diabetes treatment Mounjaro and its weight loss counterpart Zepbound generating...

By The Financial District
Aug 14, 20241 min read


Adani Stocks Drop As Hindenburg Row With India Regulator Simmers
Adani Group’s stocks fell after Hindenburg Research accused India’s chief market regulator of having conflicts of interest that prevented...

By The Financial District
Aug 14, 20241 min read


Robinsons Hotels & Resorts Partners With Hira Holdings To Launch First Luxury Villa On Siargao Island
Robinsons Hotels and Resorts (RHR) is set to establish a world-class, eco-friendly villa resort on the globally renowned Siargao Island by..

By The Financial District
Aug 14, 20242 min read


Serbians Protest Against Lithium Mine In Jadar Valley
Thousands of people in Serbia have protested in Belgrade against plans to mine one of Europe’s largest deposits of lithium—a crucial raw...

By The Financial District
Aug 13, 20241 min read


Hindenburg: India Market Regulator Chief Had Stake In Adani Offshore Funds
U.S.-based short-seller Hindenburg Research has alleged that the head of India's market regulator, Madhabi Puri Buch, previously held...

By The Financial District
Aug 13, 20241 min read


Boeing Gets $2.56-B USAF Deal For 2 E-7A Wedgetail Aircraft
Boeing said that it had been awarded a $2.56 billion contract from the United States Air Force (USAF) for two rapid prototype E-7A AEW&C...

By The Financial District
Aug 13, 20241 min read


Thyssenkrupp Shuts Down Steel Unit's Funding Request
Thyssenkrupp said that its steel division must be restructured to fund investment needs with its own earnings, but that the parent company..

By The Financial District
Aug 13, 20241 min read


Cargill Internal Memo Reveals Company’s Structural Overhaul
Global trading house Cargill will undergo structural changes after missing internal earnings goals, with plans to streamline operations...

By The Financial District
Aug 13, 20241 min read


Meralco Franchise Extension Gains Strong Legislative-Consumer Support
The House Committee on Legislative Franchises has given its nod to a bill that seeks to extend the franchise of Meralco.

By The Financial District
Aug 13, 20242 min read


Chevron Begins Production At Anchor With Advance Deepwater Tech
Chevron has officially commenced production at the Anchor project, marking a significant advancement in deepwater technology in the U.S...

By The Financial District
Aug 13, 20242 min read


SMC Delivers Strong Growth Despite Debt Concerns
San Miguel Corporation (SMC) reported robust financial performance for the first half of 2024, showcasing a 15% growth in consolidated...

By The Financial District
Aug 13, 20242 min read


OpenAI Is A Bigger Threat To Google Than U.S. Regulators
Google is facing a bigger threat from Sam Altman's OpenAI than from U.S. regulators, even as it awaits a decision on how antitrust...

By The Financial District
Aug 13, 20241 min read


Frontier Beats Quarterly Profit Estimates, Defers Jet Deliveries
Frontier Group, the parent company of budget carrier Frontier Airlines, exceeded Wall Street estimates for second-quarter profit and...

By The Financial District
Aug 12, 20241 min read


Toyota Cuts 2024 Global Output Target To 9.8 Million Units
Toyota Motor Corp. has reduced its annual global production target to approximately 9.8 million units from the previous goal of around...

By The Financial District
Aug 12, 20241 min read
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