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July 17, 2021

quarter

China’s GDP grew 7.9% in the second quarter; retail sales beat expectations

CNBC
CNBC – For more and to sign up click here A McDonald’s delivery worker walks past pig statues outside an art museum in Beijing on July 10, 2021. Jade Gao | AFP | Getty Images BEIJING — China reported second-quarter GDP growth that came in slightly below expectations, while retail......

Bank of America shares dip after second quarter revenue misses expectations

CNBC
CNBC – For more and to sign up click here Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America shares dropped after posting second-quarter revenue below analysts’ expectations. Here’s how the bank did: Earnings: $1.03 a share, including a one-time $2 billion tax benefit. It wasn’t......

Tiger Global was top dealmaker in a record quarter for venture capital, as investments exceeded $150 billion

CNBC
CNBC – For more and to sign up click here Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex If it seems as if you’ve seen Tiger Global’s name on a venture deal every day of late, there’s a reason for it — the firm averaged 1.3 deals a day in......

Cramer reviews Nvidia, Moderna, Equifax and other top-performing stocks of the second quarter

CNBC
CNBC – For more and to sign up click here Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images CNBC’s Jim Cramer on Tuesday looked at some of the best-performing stocks of the second quarter as the latter half of......

Tesla delivers more than 200,000 vehicles in a quarter for the first time

CNBC
CNBC – For more and to sign up click here Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. The quarter’s deliveries fell slightly short of expectations. Analysts were expecting Tesla to deliver around 202,800 cars during this period, according to estimates compiled by FactSet as......

GM’s second quarter sales up nearly 40% but slightly miss analyst expectations

CNBC
CNBC – For more and to sign up click here DETROIT – General Motors’ U.S. vehicle sales during the second quarter were slightly lower than analyst expectations as an ongoing shortage of semiconductor chips impacted vehicle production and dealer inventories. The Detroit automaker on Thursday reported sales of 688,236 vehicles......

Primark sales ahead of company expectations in latest quarter

Reuters
LONDON, July 1 (Reuters) – Associated British Foods (ABF.L) said on Thursday third-quarter sales at its Primark fashion stores which reopened after COVID-19 lockdowns were ahead of expectations in all markets. It said Primark revenues reached 1.6 billion pounds ($2.21 billion) in the third quarter with the reopening of all......

Jim Cramer says to buy Nike on a pullback after its recent blowout quarter

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Friday advised investors to wait for shares of Nike to cool down before buying after the stock rallied double digits on a quarterly report that beat expectations by a long shot. “While the stock’s far from......

These 20 Secrets About The Fast and the Furious Will Take You That First Quarter Mile – E! Online

eonline
Twenty years ago, a simple movie about an undercover cop trying to take down a band of illegal-street-car-racing thieves eased into theaters. It zoomed away with more than $207… E! Online – For more and to sign up click here To Return to the Main Aggregate News Page – click......

Novavax says its Covid vaccine is 90% effective, plans to submit data to FDA in third quarter

CNBC
CNBC – For more and to sign up click here A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Biotech firm Novavax said Monday its......

Signet CEO sees more strength ahead for online jewelry sales, which doubled in latest quarter

CNBC
CNBC – For more and to sign up click here Signet Jewelers CEO Gina Drosos expressed optimism Thursday around the company’s investments in e-commerce, telling CNBC she expects them to pay off even after the Covid pandemic passes. “I think the pandemic has changed customer shopping behavior forever. We’re seeing a......

Chinese ride-sharing giant Didi files to go public, earned a small profit last quarter on $6.4 billion in revenue

CNBC
CNBC – For more and to sign up click here A logo of ride-hailing giant Didi Chuxing displayed on a building in Hangzhou in China’s eastern Zhejiang province. STR | AFP | Getty Images Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one......

Nvidia sold $155 million in crypto mining chips last quarter, but PC gaming remains its biggest market

CNBC
CNBC – For more and to sign up click here In February, as cryptocurrency prices spiked, Nvidia released new processors specifically for mining crypto. They can’t power a computer monitor, but they can generate valuable ether coins. On Wednesday, the company provided an update on how its cryptocurrency, or CMP,......

That $100 million New Jersey deli sold just $5,305 worth of food in first quarter of 2021

CNBC
CNBC – For more and to sign up click here Sales jumped nearly a whopping 50% in the first quarter of 2021 at that mystery $100 million New Jersey deli company — but that amounted to only a measly $5,305 worth of sandwiches, sodas and chips, a new financial filing......

Chinese electric car company Xpeng predicts chip shortage will last another quarter

CNBC
CNBC – For more and to sign up click here Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — Chinese electric car start-up Xpeng expects......

Coinbase made $771 million in profit in the first quarter, benefiting from cryptocurrency mania.

New York Times
The cryptocurrency exchange Coinbase said on Thursday that its quarterly profit soared by more than 20 times from a year earlier as its revenue skyrocketed, in a sign of how enthusiasm for digital currencies has gone mainstream in the pandemic. Coinbase said it brought in $1.8 billion in revenue during......

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