Saudi Aramco: Oil giant records $48.4bn quarterly profit

Image Source: PBS With a $48.4 billion (£39.8 billion) profit for the second quarter of 2022, Saudi Arabia’s largest oil company, Aramco, smashed its record. The largest revenue for the world’s top energy exporter since its public listing three years ago represents a gain of 90% year over year. The invasion of Ukraine by Russia […]

Sony Cuts Profit Estimation Following Games Business Decline

Sony

Photo: Time On Friday, Sony Group Corp cut its profit report following a frail first quarter for its PlayStation business, which it attributed to dwindling consumer interest because of an absence in new games and a moderating COVID-19 restrictions that dampens stay-at-home gaming. According to Sony, the business would pull support, but from its forthcoming […]

Walmart issues profit warning as price rises hit

Image Source: Baking Business Walmart, a major US retailer, has issued a profit warning for the second time since May as rising food and fuel prices have a negative impact on consumer spending. The business reports that it now anticipates a 13 percent decline in profits for this year. According to a specialist, Walmart’s unexpected […]