Tag Archives: loss

Ajla Tomljanovic beat Serena Williams in a thrilling three-hour battle on Friday night at the US Open. (Al Bello/Getty Images) Serena Williams, the icon, the legend, the GOAT, has lost in the third round round of the US Open, marking her final match as a professional tennis player. Australia’s Ajla Tomljanovic beat Williams on Friday night in a thrilling battle, 7-5, 6-7 (7-4), 6-1, at Arthur Ashe Stadium. The three-hour match had a wild, lengthy comeback that ended with a heated tiebreak in… Source link

LONDON – VK, owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The VKontakte network, often compared to Facebook, has emerged as a key player in the race to replace Western services in the wake of Russia’s invasion of Ukraine and blocks imposed by Moscow since then on Western social media platforms. VK’s second quarter result was… Source link

LONDON (Reuters) – VK, owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The VKontakte network, often compared to Facebook, has emerged as a key player in the race to replace Western services in the wake of Russia’s invasion of Ukraine and blocks imposed by Moscow since then on Western social media platforms. VK’s second quarter result was… Source link

Marina Krasnova, General Director of VKontakte, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 11 (Reuters) – VK (VKCOq.L), owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The… Source link

By Jonathan Stempel (Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates and… Source link

By Jonathan Stempel (Reuters) – The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates… Source link

Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. The stock plummeted in after-hours trading, down as much as 9%. Here are Warner Bros. Discovery second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: In total, the company said it… Source link

(Bloomberg) — Whatever else is on Americans’ minds — and that’s a long list right now — the state of the economy looms large in any US election. That spells big trouble for Democrats in November’s midterm vote. Most Read from Bloomberg A new study by Bloomberg Economics takes one gauge with a knack of predicting ballot outcomes — the misery index, calculated by adding up the inflation and unemployment rates — and projects it forward through election day. The result: Based on past… Source link

In June of 2018, just days after finishing seventh grade, Dante Moore attended a one-day University of Michigan football camp that is usually reserved for high school prospects. He had been invited by coach Jim Harbaugh, who’d heard of his prodigious talent. Dante’s father, Otha, told the Detroit Free Press at the time that he was surprised but thrilled at the request. He was a lifelong Detroiter and, as his son would declare, a “die-hard Michigan fan.” So die-hard, in fact, that Otha… Source link

(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son is used to praise and encouragement from shareholders. But the company’s loss of $34 billion in market value over the last year is a test for even his most faithful admirers when they gather for the annual shareholders’ meeting on Friday. Most Read from Bloomberg Investors stuck by Son when SoftBank announced a holding company strategy in 2015 to hive out its staid but profitable domestic telecom business to become the world’s… Source link