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Oil producer APA’s second-quarter profit nearly triples
August 17, 2022August 11, 2022 privautonet

Oil producer APA’s second-quarter profit nearly triples

Business

U.S. oil producer APA Corp (APA.O) reported a second-quarter profit that nearly tripled on Wednesday, bolstered by surging crude prices. Houston, Texas based APA is

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EBay’s luxury focus drives earnings beat as consumer spending slows
August 16, 2022August 11, 2022 privautonet

EBay’s luxury focus drives earnings beat as consumer spending slows

Business

EBay Inc (EBAY.O) beat second-quarter earnings estimates on Wednesday as the e-commerce company’s focus on selling luxury products tempered the hit from a slowdown in

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Colombia central bank technical team sees higher interest rate than market
August 15, 2022August 11, 2022 privautonet

Colombia central bank technical team sees higher interest rate than market

Business

The technical team of Colombia’s central bank is predicting a higher benchmark interest rate than that projected by the market because of increased inflationary pressures

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Robinhood CEO rejects prospect of deal as shares trade higher on earnings
August 14, 2022August 11, 2022 privautonet

Robinhood CEO rejects prospect of deal as shares trade higher on earnings

Business

The chief executive of Robinhood Markets Inc (HOOD.O) on Wednesday dismissed the idea that the company might be acquired after it announced job cuts as

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Latam’s MercadoLibre profits soar, company plans growth
August 13, 2022August 11, 2022 privautonet

Latam’s MercadoLibre profits soar, company plans growth

Business

South American e-commerce giant MercadoLibre Inc (MELI.O) reported on Wednesday that its second-quarter net income rose 79.8% year-on-year, beating earnings forecasts. The company, present in

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Walmart to cut hundreds of corporate jobs
August 12, 2022August 16, 2022 privautonet

Walmart to cut hundreds of corporate jobs

Business

Walmart Inc (WMT.N) is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on Wednesday, citing people familiar with the

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KFC parent doubles down on deals as consumers cut spending
August 11, 2022 privautonet

KFC parent doubles down on deals as consumers cut spending

Business

Yum Brands Inc (YUM.N) said on Wednesday it would offer new items and promotional deals as it seeks to reverse a slowdown in demand for

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