Saudi state-run oil giant Aramco said Monday that it made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices. Total sales stood at just over 400 billion riyals (about $106 billion), down from 562 billion riyals… Continue reading Saudi oil giant Aramco reports $30 bn in Q2 profits, down nearly 40%
Tag: profits
Profits at Warren Buffett’s Berkshire Hathaway reach $36 bn as stocks surge
Profits rebounded at Warren Buffett’s conglomerate along with the value of its USD 353 billion stock portfolio in the second quarter to hit USD 35.9 billion, and Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire Hathaway said on Saturday that its profits… Continue reading Profits at Warren Buffett’s Berkshire Hathaway reach $36 bn as stocks surge
IndiGo announces salary hikes for pilots after record profits in Q1
IndiGo, the largest domestic airline in India, will be increasing the salaries of its pilots and cabin crew following an impressive performance in the first quarter of 2023-24 (Q1FY24), where they achieved a record net profit of Rs 3,090 crore, according to a report by MoneyControl. This pay hike will affect around 4,500… Continue reading IndiGo announces salary hikes for pilots after record profits in Q1
Fitch’s US downgrade is advantage gold, retail investors can book profits too
GlobGlobal credit rating agency Fitch earlier this week downgraded US Sovereign rating from AAA to AA+, citing expected fiscal deterioration over next three years, a high and growing general government debt burden and steady deterioration in governance over the last 20 years. This decision marked the first time in history that the US… Continue reading Fitch’s US downgrade is advantage gold, retail investors can book profits too
Morgan Stanley cuts rating on China stocks, asks investors to take profits
By Jacob Gu and John Cheng Morgan Stanley cut its rating on Chinese stocks to equal weight Wednesday, saying investors should capitalize on a rally spurred by government stimulus pledges to take profits. Chinese assets have gotten a boost in recent days amid a slew of promises from Beijing to… Continue reading Morgan Stanley cuts rating on China stocks, asks investors to take profits