The British energy giant Shell reported robust profits following the surge in oil prices prompted by the U.S.-Israel war with Iran. The company, based in London, said Thursday that its adjusted profit soared 24 percent, to $6.92 billion, in the first three months of the year from the same time last year, higher than analysts…
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts’ estimates on the explosive growth of…
Ford Motor reported a rebound in profit in the first three months of the year, thanks in part to an expected $1.3 billion refund of federal import tariffs that were struck down by the Supreme Court. The company said it earned $2.5 billion in the first quarter, up from $500 million a year earlier, while…
General Motors said on Tuesday that it expected to receive $500 million in tariff refunds from the federal government after the Supreme Court struck down some of President Trump’s tariffs. The expected refund helped to bolster the automaker’s profit in the first three months of the year. G.M. said it made $2.6 billion in the…
The Justice Department announced today the unsealing of an indictment charging Gannon Ken Van Dyke, a U.S. Army soldier, with unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction. The charges arise from an alleged scheme in which Van Dyke…
South Korean memory chip giant SK Hynix posted yet another quarter of record profit and revenue on Thursday, as prices for its products continue to surge amid strong AI demand. While its earnings were broadly in line with estimates, revenue missed forecasts. Here are SK Hynix’s first-quarter results versus LSEG smart estimates, which are weighted toward…
Tesla’s profit rose slightly during the first quarter, the company said Wednesday, but fell short of Wall Street expectations and was well below levels seen a few years ago as car sales remained tepid. The carmaker earned $477 million in the first three months of 2026, compared with $409 million a year earlier. Sales rose…
From the start of the 2020s, American businesses have been formidable in maintaining and growing their profits. Despite a gantlet of challenges — a pandemic, tariffs, high inflation and wars in key commodity hubs — profits have leaped ahead. Corporate profits have reached a record share of the U.S. economy, data show. And a measure…
Shorouk Express The question of how to use Russia’s immobilized assets has been one of the hardest for Ukraine’s allies to resolve, amid multiple layers of concern over the potential legal, political, security, and economic ramifications. The thorniest issue is that the assets are largely held in a facility in Belgium called Euroclear, which leaves…
Shorouk Express BISHKEK, Kyrgyzstan, August 4. The banking system of Kyrgyzstan earned a net profit of 14.769 billion soms ($168 million) from the beginning of the year through June 30, 2025. Data obtained by Trend from the country’s National Bank shows that the total assets of the country’s banking sector increased by 24.1 percent since…
