Exxon Mobil recently reported its second-highest results for the second quarter in the past decade, a testament to the company’s success in achieving record production levels in Guyana and the Permian Basin. CEO Darren Woods highlighted that the oil produced in the second quarter reached the highest level since Exxon and Mobil merged in 1999.
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Following the major disruptions caused by a botched CrowdStrike software update, Delta Air Lines CEO Ed Bastian decided to offer employees two free travel passes as a token of appreciation for their hard work during the chaos. The airline faced more challenges compared to its competitors in resolving the outages that affected thousands of Windows
DraftKings, one of the leading mobile betting platforms in the U.S., has recently announced its decision to introduce a gaming surcharge on winning bets in states with high sports betting tax rates. This move is aimed at maximizing profits and ensuring the company’s sustainability in the increasingly competitive sports betting landscape. Taxation Strategy for Boosting
Berkshire Hathaway’s cash reserve grew to a staggering $276.9 billion in the last quarter, breaking its previous record of $189 billion. This increase was partly due to Warren Buffett’s decision to sell off a significant portion of his stock holdings, including shares in Apple. This move seems to suggest caution on the part of Berkshire
The recent boom in artificial intelligence has had varying effects on different chip firms, as evidenced by the latest earnings reports. While some companies have exceeded expectations, others have fallen short, highlighting the complex dynamics within the semiconductor industry. The current focus on artificial intelligence is largely driven by two main factors – large language
Wayfair, an online home goods company, recently reported a decline in sales during its fiscal second quarter. This decline was attributed to a slowdown in the home goods category, which the CEO described as “unprecedented” and likened to the 2008 financial crisis. This article will delve into the details of Wayfair’s performance in Q2 2021
Barclays recently reported its second-quarter financial results, showing a net profit slightly lower than the previous year. Despite a decline in net interest income in its core U.K. units, the bank’s performance managed to exceed analysts’ expectations. Barclays reported a net profit attributable to shareholders of £1.2 billion, which was below the £1.3 billion achieved
Boeing recently reported a significant quarterly loss that was even greater than what analysts had predicted. The company’s revenue was also weaker than expected, showcasing the ongoing struggles faced by both its commercial airplane and defense programs. This poor performance is a cause for concern as Boeing works towards regaining stability in a challenging market.
Washington, D.C., Attorney General Brian Schwalb recently took legal action against the online ticket exchange platform StubHub for its alleged deceptive and unfair pricing practices. The lawsuit claims that StubHub engages in misleading advertising by promoting low ticket prices to attract consumers, only to surprise them with significantly higher prices during the checkout process. According
Navigating the volatile world of cryptocurrency investments is a challenging task, especially when faced with looming political and economic uncertainty. The ever-changing landscape, influenced by factors such as Federal Reserve interest rate news and policy proposals, makes it nearly impossible to predict future cryptocurrency prices. However, experts suggest that there are still smart tax moves