Business News

Business is the activity of making one's living or making money by producing or buying and selling product (such as good and services). Simply put, it is "any activity or enterprise entered into for profit.

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Quarter Report Drags Shares for Pinterest Lower

Shares for Pinterest slid lower following its quarter report. While the second-quarter revenue went above analysts' estimates, the social media's monthly active users failed to exceed analysts' expectations. Just last week, Pinterest noted a notable decline in its shares when...

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Amazon to Expand Business Amidst Slow Sales

The e-commerce giant, Amazon Inc, is planning to allocate billions of dollars for its warehouse and delivery system upgrade. The news came after Amazon revealed a forecast for lower sales growth on Friday. Both news further slowed down its shares....

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Hermes: Slower Business in Second Half Expected

Luxury fashion brand, Hermes, signals a possible slowdown in its business for the second-half. This means the Birkin handbag maker might not continue the stellar growth recorded in the first half of the year. Why so? According to Reuters, Hermes...

Amazon Surpassed $100 Billion in Earnings Again

Amazon, the world's largest e-commerce company, has surpassed $100 billion in earnings for three consecutive quarters until this quarter, but it fell short of Wall Street's expectations. Compared to last year when it enjoyed reflective effects of the pandemic, the...

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Global Spending Recovery, Mastercard Profit Beats Estimate

The second-quarter profit report from Mastercard exceeded estimates. This could translate into a recovery in global spending led by businesses reopenings and a rebound in travel. The company's cross-border volumes, which track spending on its cards beyond the country of...

Qualcomm Reports Increasing Earnings in Q2

Earnings of Qualcomm, the world's largest semiconductor chip design and supplier for Smartphones, increased significantly in the second quarter. Qualcomm announced its second quarter earnings on the 28th (local time), economic media CNBC reported. General Accounting Standards (GAAP) overall sales...

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Starbucks Shifts Market: From South Korea to China

Starbucks is shifting its target from South Korea to China. The company is changing its strategy to invest more in fast-growing international markets. Starbucks: target market shift explained South Korea is the fifth-largest market for Starbucks. The coffee chain has...

Apple Reports Q2 Quarter Earnings: A 36% Jump

Apple second-quarter earnings increased 36 percent compared to the same period last year. Apple recorded its biggest sales in the second quarter, surpassing Wall Street's market forecast. Apple's total earnings amounted to $81.41 billion, surpassing its Wall Street estimate of...

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