Volkswagen posts robust first-half results, allowing investment in mobility, battery platforms and software as future profit groups
The Volkswagen Group posted solid operating results in the first half of the year, enabling significant investments in future profit groups and new platforms. The group continued to make strong strategic progress in the second quarter, registering crucial developments in its technology platforms: mobility services, batteries and software. “Despite unprecedented global challenges, Volkswagen has demonstrated remarkable financial robustness. The operating margin for the first half of the year reflects strong product substance and proportionally higher sales in the premium segment. In addition, the group of volume has shown that it can deliver good results even in a challenging environment,” said…
Read More »PayPal veteran Jim Magats named CEO of MX, the startup that connects banks and fintech players
Jim Magats, former PayPal executive who will be appointed CEO of the startup MX Photo: Tom Cook MXthe startup competing against Plaid to help connect financial institutions and fintech players, appoints PayPal executive Jim Magats its new CEO, CNBC has learned. Magats, a nearly two-decade PayPal veteran who most recently served as senior vice president of omni payment solutions, will start at Utah-based MX in mid-August, according to MX founder Ryan Caldwell. “We’re thrilled with the resonance we’ve had with Jim, being a tenured executive in the space who fully understands not only the world of payments, but the world…
Read More »L3Harris publishes financial results for the second quarter of 2022
MELBOURNE, Fla.–(BUSINESS THREAD)–L3Harris Technologies (NYSE:LHX) today announced second quarter fiscal 2022 results in a Letter from the investorwhich was posted on the Investor Relations section of the company’s website. As previously announced, the Company will host an approximately 45-minute call on July 29, 2022 at 8:30 am ET focused on questions and answers. Dial-in numbers for the teleconference are (US) 877-407-6184 and (International) 201-389-0877, and participants will be directed to an operator. Please wait at least 10 minutes before the scheduled start time to connect to the conference call. Participants can also listen to them via webcast at L3Harris.com. A…
Read More »Jim Cramer warns investors not to miss their window to buy stocks
CNBC’s Jim Cramer on Thursday advised investors to seize the moment and buy some stocks as the Federal Reserve appears to be nearing the end of its tightening cycle. “When the Fed gets out of the way, you have a real window and you have to jump through it … When a recession comes, the Fed has the good sense to stop raising rates,” the “Mad Money” host said “. . “And that pause means you have to buy stocks.” “I think this window has finally arrived and you don’t want to close it,” he added. Stocks rose on Thursday…
Read More »Sally Beauty Holdings, Inc. announces a conference call and webcast to discuss third quarter financial results on August 4, 2022
DENTON, Texas –(BUSINESS THREAD)–Sally Beauty Holdings, Inc. (NYSE:SBH) (“the Company”), a leader in professional hair coloring, today announced that it will host a conference call and webcast on August 4, 2022 at 7:30 a.m. Central Time to discuss the results third quarter financials. A copy of the press release announcing the third quarter financial results is expected to be available prior to the opening of the US financial markets on August 4, 2022 on the Company’s website. sallybeautyholdings.com/investor-relations. The earnings conference call and webcast will follow at 7:30 am Central Time and will include an additional slide presentation. To view…
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Amazon’s strong earnings and guidance reassure Wall Street
Amazon shares rose more than 10 percent in after-hours trading Thursday after beating revenue expectations and offering an upbeat forecast for the rest of the year as the company cut e-commerce costs and benefited from strong demand in its cloud computing business. Amazon said it expected to return to double-digit quarterly revenue growth now that year-over-year comparisons with the periods affected by the coronavirus pandemic in 2020 and 2021 had passed. Strong performance from its Amazon Web Services cloud business and its fast-growing advertising arm were credited with better-than-expected revenue, offsetting another year-over-year decline in online store sales. Amazon said…
Read More »New WH effort to give economic boost to underserved communities
Vice President Kamala Harris traveled to Brooklyn, New York, to announce a new administration-wide effort that will bring together public, private and federal partners to “address economic disparities and accelerate economic opportunity in communities of color and other neglected,” according to a White House announcement. What You Need to Know Vice President Kamala Harris traveled to Brooklyn, New York to announce a new public-private effort that aims to address persistent economic disparities in the United States. According to a late Premiere 2021 of the Federal Reserve, black and Hispanic/Latino households earn only half as much as white households The Biden-Harris…
Read More »Great Ajax Corp. schedules its Q2 2022 financial results for Thursday, August 4, 2022
NEW YORK–(BUSINESS THREAD)–Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces that it intends to release its financial results for the second quarter of 2022 on Thursday, August 4, 2022 at approximately 4:05 pm ET In conjunction with the launch, Great Ajax will host a conference call at 5:00 pm ET on Thursday, August 4, 2022 to review its financial results for the second quarter of 2022. A live webcast of this conference call will be available at Great Ajax’s website at www.great-ajax.com and a replay of the webcast will be archived…
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