Profits

Big banks’ big profits aren’t likely to last

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The JPMorgan Chase & Co. headquarters in New York, US, on Friday, July 7, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more

Facebook let Indian pressure, profits stop removal of violent content

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September 26, 2023 at 10:00 p.m. EDT (Shubhadeep Mukherjee for The Washington Post; Tauseef Mustafa/AFP/Getty Images, Pictorial Parade/Archive Photos/Getty Images)Comment on this storyComment SAN FRANCISCO — Nearly three years ago, Facebook’s propaganda hunters uncovered a vast social media influence operation that used hundreds of fake accounts to praise the Indian army’s crackdown in the restive … Read more

Extra corporations warn larger prices will eat into income

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An American Airways 787 is loaded with cargo at Philadelphia Worldwide Airport. Leslie Josephs/CNBC Extra corporations are warning {that a} surge in the price of gasoline and worker pay hikes will eat into income this quarter. Firms from aerospace producers to bundle supply big UPS are digesting large new labor offers. In the meantime, unions … Read more

Tuohys Say There Was ‘By no means an Intent to Undertake’ Michael Oher, Declare He Acquired 20% Share of Income in New Submitting

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Oher, whose life impressed the Oscar-winning movie “The Blind Facet,” claimed final month the Tuohy household had lied to him about being adopted Matthew Sharpe/Getty Sean Tuohy, Michael Oher, and Leigh Anne Tuohy Sean and Leigh Anne Tuohy say they “are prepared, prepared, and ready” to finish their conservatorship over Michael Oher, the retired NFL … Read more

Sea’s progress pivot at expense of earnings stems from e-commerce competitors

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Forrest Li, chief govt officer of Sea Ltd., in Singapore, on Wednesday, Might 3, 2023. Ore Huiying | Bloomberg | Getty Pictures Shares of Southeast Asian tech big Sea plummeted this week after lacking income expectations and saying it might deal with progress over earnings — a reversal from current cost-cutting measures within the face … Read more

Coupang to ramp up funding in Taiwan after 4 quarters of income

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Coupang, a South Korea-headquartered e-commerce firm, stated it can speed up its funding in Taiwan after 4 straight quarters of income. Coupang was essentially the most downloaded app within the second quarter of this yr in Taiwan, the corporate stated in an earnings name on Wednesday.  “Taiwan is one other funding that’s to date exceeding … Read more