Xpeng’s Vehicle Deliveries Climb at a Record 228% In July
(Xpeng) Vehicle deliveries by Chinese EV maker Xpeng rose at a record 228% year over year to 8,040 in July 2021. Xpeng’s vehicle deliveries in July was 22% higher compared…
HSBC Reports $8.4 Billion Half –Year Profits Despite a $1.2 Billion Decline in Revenue
(HSBC) HSBC’s net revenue for the half-year 2021 was $25.6 million, a reduction compared to $26.7 million reported in the same period last year. The company reported diluted earnings per…
NIO’s Vehicle Deliveries Climb 124.5% Year Over Year in July
(NIO) Chinese EV startup NIO Inc. delivered 7,931 vehicles in July 2021, an uptick of 124.5% compared to the same period last year. NIO’s deliveries consisted of 1,702 ES8s, 3,669…
Square Announces Deal to Acquire Australian Fintech Afterpay for $29 Billion
(Square) Jack Dorsey’s payment company Square seeks to expand in the booming installment loan market with a $29 billion acquisition of Australian fintech entity Afterpay. The all-stock deal represents about…
Pinterest Revenue Surges 125% In the Second Quarter. Downgrades Guidance
(Pinterest) Social media platform Pinterest saw its second-quarter revenue increase by 125% year over year to $613 million on pandemic-induced consumer demand. Pinterest’s global monthly active users grew 9% to…
P&G Beats Estimates to Grow Sales by 7% in FY21 and Fourth Quarter
(P&G) P&G reported net sales of $18.9 billion in the fourth quarter, up 7% from the same period last year, and more than estimated $18.41 billion. The company’s diluted EPS…
US Personal Incomes Jumps by 0.1% In June as Recovery Bears Fruit
(Bureau of Economic Analysis) US personal incomes rose by 0.1% to $26.1 billion in June from May as employees saw an uptick in compensation. Disposable personal income shed less than…
EU Watchdog Fines Amazon a Record $888 Million Over Privacy Breaches
(Bloomberg) The European Union has slapped Amazon with a record 746 million euro or $888 million fine for violation of the block’s data protection rules. In a July 16 decision,…
Chevron Bounces From Losses to Post $3.1 Billion Profit in the Second Quarter
(Chevron Corp.) Chevron Corporation announced earnings of $3.1 billion in the second quarter of 2021, up from a loss of $ 8.3 billion in the same quarter last year. The…
EU Lags Euro Area in GDP Increases at 1.9% and 2.0%, Respectively
(Eurostat) GDP in the EU rose by 1.9% in the second quarter, compared to 2.0% in the euro area from the first quarter. GDP has now risen by 13.2% in…
Amazon Sales Miss Estimates, But Profits Climb YoY To $7.8 Billion
E-commerce giant Amazon Inc. saw its second quarter sales rise to $113.1 billion, lower than the estimated $115.4 billion. The sales were still 27% higher than the $88.9 billion reported…
Germany’s Law To Allow Up To 20% Crypto Investments By Institutional Funds
(Bloomberg) German will, from Monday, start allowing institutional funds to allocate as much as 20% of their holdings in cryptocurrencies. The so-called Spezialfonds will be allowed to hold the crypto…
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