Shell posts net loss of $18.3 billion in the second quarter after huge write-down

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Shell posts net loss of $18.3 billion in the second quarter after huge write-down

Oil giant Royal Dutch Shell on Thursday reported a sharp net loss year-on-year, following an unprecedented period of energy market turmoil and significantly weaker oil and gas prices. The Anglo-Dutch company reported that net income attributable to …
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US growth report to show a record-breaking economic plunge

The Commerce Department will issue the latest report on the economy on Thursday and its expected to be a pretty ugly picture. Continue Reading Below. The first reading on second-quarter gross domestic product is estimated to show a plunge at an annual …
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Volkswagen posts $940 million first-half loss and cuts dividend as pandemic hammers sales

Group sales fell by 23.2% while deliveries plunged 27.4% year-on-year. At its AGM in September, the German automaker will now propose a dividend per ordinary share for the fiscal year 2019 of 4.80 euros, down from a previously announced 6.50 euros.
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TikTok's Price Is a Giant Question Mark in Already Complex Deal

… helping lead to a private-market valuation of more than $100 billion, making it the world's most valuable startup, Bloomberg News reported in May.
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The electric vehicle bubble, minus Tesla, has 'started to burst,' Jim Cramer says

CNBC’s Jim Cramer warned investors against over-speculation in the electric vehicle market. “The bull market in Tesla is real and it’s spectacular. The bull market in the rest of the electric vehicle plays feels way less substantial, and once again I’m warning …
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