Tag Archives: Business News

CoinspeakerEli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85% Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions. Eli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85%

CoinspeakerMoody’s Reduces Ratings of Several US Banks and Puts More Under Review for Potential Downgrades Moody's is watching the banking sector and has already cut its ratings on several institutions because of ongoing economic headwinds. Moody’s Reduces Ratings of Several US Banks and Puts More Under Review for Potential Downgrades

CoinspeakerSoftBank Announces Surprising Loss as Vision Fund Posts First Profit in Five Quarters The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company's investment arm is up. SoftBank Announces Surprising Loss as Vision Fund Posts First Profit in Five Quarters

CoinspeakerBerkshire Hathaway Shares Up 2% after Impressive Q2 2023 Report Berkshire Hathaway has reported an astounding $26 billion unrealized gain from its investments. Berkshire Hathaway Shares Up 2% after Impressive Q2 2023 Report

CoinspeakerSoftBank Group May See Profit after Vision Fund Lost $48B Analysts expect that the Vision Fund investment arm of SoftBank Group turned a profit and might announce as much in its upcoming report. SoftBank Group May See Profit after Vision Fund Lost $48B

CoinspeakerHua Hong Shares Up 13% Following Public Debut Hua Hong’s triumphant market debut stands as a resounding testament to China’s unyielding commitment to attaining self-reliance in the chip and semiconductor industry.  Hua Hong Shares Up 13% Following Public Debut

CoinspeakerWorld’s Largest Oil firm Saudi Aramco Reports 38% Drop in Q2 2023 Profits Despite the revenue drop during the second quarter, Saudi Aramco declared a $19.5 billion dividend payout to shareholders. World’s Largest Oil firm Saudi Aramco Reports 38% Drop in Q2 2023 Profits

CoinspeakerCrypto-focused Companies Report Profit in Q2 2023 amid Crypto Market Rally Though subdued, it was a positive all-round performance for the crypto market in Q2 2023. Crypto-focused Companies Report Profit in Q2 2023 amid Crypto Market Rally

CoinspeakerSaudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio Saudi Arabia's investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments. Saudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio

CoinspeakerNikola’s CEO Michael Lohscheller Steps Down, Company Releases Q2 2023 Report Nikola's second-quarter results not only revealed insights into its financial situation but also demonstrated the company’s aggressive measures to strengthen its financial base.  Nikola’s CEO Michael Lohscheller Steps Down, Company Releases Q2 2023 Report