The U.S. Federal Reserve (Fed) has decided to leave interest rates unchanged as the economy is proving more robust than expected. Although most Fed members expect a later rate hike this year and few rate cuts in 2024, Fed Chairman Powell emphasized the reliance on data for decisions and the cautious approach to finding optimal…
Overview Worldwide The world is experiencing a race to capture the global automotive market, with China in a strong position due to its impressive electric vehicle production and low cost leadership. The U.S. has imposed protective tariffs and subsidies on domestic cars, while Europe is concerned about Chinese electric vehicles that are reportedly entering the…
In a video presentation lasting more than 80 minutes, Apple presented not only technological innovations, but also environmentally friendly efforts. The latest products include the iPhone 15 in two sizes and the Apple Watch Series 9, both with impressive new features. Phone One of the highlights of the new iPhone 15 is the “Dynamic Island”…
Shanghai, August 23, 2023 – Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961), a leading global travel services provider, plans to release its second quarter 2023 financial results on September 4, 2023 after market close. Trip.com Group offers a full range of travel products and services, including hotel reservations, transportation ticket bookings, package tours and business…
San Francisco – Amid an increasingly artificial intelligence (AI)-driven business environment, Salesforce (NYSE: CRM) released its impressive results for the second quarter, fiscal 2024 ended July 31, 2023. The company reported 11% year-on-year revenue growth, rising to $8.60 billion. This resulted in an operating margin of 17.2% in GAAP and 31.6% in non-GAAP. Salesforce also…
Renowned electronics retailer Best Buy reported strong second-quarter results that exceeded expectations despite the ongoing difficulties in the consumer electronics industry. The company’s sales were at the upper end of the forecast, while profitability was a positive surprise. Best Buy CEO Corie Barry highlighted the company’s solid operational execution while adapting to current market conditions…
The second quarter of 2023 brought a challenging environment for Chinese e-car producer Nio in terms of vehicle sales. According to the latest financial results, the company recorded vehicle sales of RMB 7,185.2 million (US$990.9 million), down 24.9% from the second quarter of 2022 and down 22.1% from the first quarter of 2023. The vehicle…
Chinese tech firm Baidu reported impressive revenue growth of 15% year-over-year for the second quarter of 2023, supported by the advertising industry. This growth marked the strongest quarterly growth in the last two years. Baidu shares, which trade on the U.S. stock market, rose more than 4% in premarket trading. Q2 results were slightly higher…
Zoom Video Communications, Inc. (NASDAQ: ZM) announced its financial results for the second quarter of fiscal 2023, which ended July 31, 2023. Total revenue for the quarter was $1.14 billion, an increase of 3.6% year-over-year. Sales in the Enterprise segment even rose by an impressive 10.2% year-on-year. Operating margins reached 15.6% under GAAP (generally accepted…
Walmart Inc. (NYSE: WMT) has announced its second quarter results, presenting impressive increases in both sales and operating income. Sales grew by a remarkable 5.7%, while operating profit increased by an impressive 6.7%. The company emphasizes the strength of its omnichannel model, which is having a positive impact in all business areas. This performance is…
