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Stories published on May 30
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  • Stories published on May 30

Thursday, May 30

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Rosneft posts IFRS net profit totaling $4.4 bln in Q1 2024

tass.com

Revenues totaled 2.594 trillion rubles ($28.6 bln) and gained 1.7% quarterly and 42% annually

23

From Summer Doldrums to Year-End Surge: How to Profit from Seasonal Trends in Precious Metals and Bitcoin

stockcharts.com

Safe-haven investments like gold, silver, and now Bitcoin have had a bumpy and uncertain rise, but they've all ascended despite mixed opinions from analysts. This rise is due to fears of inflation (or slow growth with inflation), record…

Best Buy jumps 13% as cost-cutting preserves profits despite sluggish sales

www.cnbc.com

Best Buy has noticed a pullback in purchases of discretionary items as consumers manage higher costs because of inflation.

UXLINK’s Profit Rises Sharply in Web3 Social Infrastructure

news.bitcoin.com

PRESS RELEASE. UXLINK, a leading Web3 social platform and infrastructure provider, has reported a significant increase in profits, driven by its innovative business model and expanding ecosystem. For Users: UXLINK offers a platform where…

21

Trustly CEO: IPO Is Still 1 to 2 Years Away Despite Profit Jump

www.pymnts.com

The CEO of Swedish FinTech Trustly says going public is not yet on the company’s radar. Speaking to CNBC Thursday (May 30), Johan Tjarnberg said that although his company just recorded a 51% increase in operating profit, it still has to…

Foot Locker’s stock having best day in nearly 2 years after a big profit beat

www.marketwatch.com

Foot Locker’s stock was headed sharply higher Thursday, after the athletic shoe and accessories retailer reported fiscal first-quarter profit that beat expectations by a wide margin, while sales fell a bit short.

20

Kohl’s tanks 26% as inflation-weary shoppers pull back to sink sales, profits

nypost.com

Khol's stock was trading at around $20.70 a share -- on track for its lowest value since November.

19

Sweet & Sour Quarter: SpartanNash Beats Q1 Profits But Lowers FY24 Sales Forecast

www.benzinga.com

SpartanNash Company (NASDAQ:SPTN) shares are trading lower after the company reported first-quarter FY24 results.

18

Corporate profits are cooling, as consumers are feeling ‘less flush’

www.marketwatch.com

Businesses, once “able to take advantage of supply-chain issues” during the COVID-19 pandemic, are not able to raise prices as freely.

17

As investors pour in, for-profit nursing homes leave some seniors in need

www.cbsnews.com

A CBS News investigation found concerns over care emerged after a for-profit chain took over some California nursing homes.

A profile of Anthropic and its CEO Dario Amodei; the startup prioritizes AI safety over profit, hoping to spark a "race to the top" on safety in the AI industry (Billy Perrigo/TIME)

www.techmeme.com

A profile of Anthropic and its CEO Dario Amodei; the startup prioritizes AI safety over profit, hoping to spark a “race to the top” on safety in the AI industry — In the summer of 2022, Dario Amodei had a difficult decision to make.…

Auto Trader shares accelerate on higher profits and good outlook

www.express.co.uk

Auto Trader's shares hit a record high yesterday after it announced that its annual pre-tax profits had climbed 18% to £345.2million and that this year is shaping up well too.

Latest News | Apollo Hospitals Q4 Profit Rises 76 Pc to Rs 254 Cr; Revenue at Rs 4,944 Cr

www.latestly.com

Get latest articles and stories on Latest News at LatestLY. Apollo Hospitals on Thursday reported a 76 per cent increase in consolidated net profit to Rs 254 crore for the March quarter.

Dr Martens to slash costs and dividends after US woes puts boot into its profits

www.express.co.uk

Iconic bootmaker Dr Martens has halved shareholder payouts and unveiled plans to slash its costs by up to £25million, after seeing its annual profits crash.