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Uber Technology in the first quarter received a net profit of $2 billion 460 million dollars against a net loss of $847 million a year earlier. According to The Wall Street Journal, the company has made a profit by consolidating operations in Russia and southeast Asia with other companies. These deals, representing the sale of assets, brought Uber about $3 billion. Revenue for the period increased by 70% to $2 billion 590 million dollars. The total volume of orders grew by 55% year-on-year. Relative to the fourth quarter, revenue rose by 7.5%, volume of orders - by 4.3%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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