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China’s Laopu Gold shares fall despite forecast of tripling profits

Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025. Cfoto | Future Publishing | Getty Images Shares of Laopu Gold fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over … Read more

Tesla profits pulled down by falling EV sales and regulatory credits

Falling EV sales combined with a lower average selling price, less cash from regulatory credits, and a decline in solar and energy storage revenue took a toll on Tesla’s bottom line in the second quarter of 2025. And a 17% growth in revenue in its services business, which includes capital generated from its Supercharging network, … Read more

Kids content on streaming is king as media companies chase profits

Cartoon characters from the children’s show “Bluey” are displayed during the Brand Licensing Europe event at ExCel, in London, Oct. 4, 2023. John Keeble | Getty Images News | Getty Images In the battle among streaming services to capture and keep subscribers, kids’ shows like “CoComelon” and “Bluey” are becoming powerful tools to help win … Read more

Rep. Maxine Waters Opposes Crypto Week, Calls it “a Casino for Crypto Billionaires to Make More Profits”

Rep. Maxine Waters opposes the GENIUS and CLARITY Acts, labeling them a “casino for crypto billionaires.” Bitcoin and Ethereum are gaining traction due to Trump’s pro-crypto policies. Democrats have never fully embraced cryptocurrency; their policies were effected through Gary Gensler and the SEC. The regulator adopted an enforcement-heavy approach, targeting crypto firms through initiatives like … Read more

Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand

Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images South Korea’s Samsung Electronics on Tuesday forecast a 56% fall in profits for the second as the company struggles to capture demand from artificial intelligence chip leader Nvidia.  … Read more

Is the crypto bull run here? Bitcoin wavers as traders take profits

Macroeconomic concerns and profit-taking are slowing down crypto’s momentum, but a bull run may be in the works Crypto markets are in recovery mode, but profit-taking and macroeconomic risks continue to weigh on sentiment. On Friday, June 27, Bitcoin (BTC) traded at $106,600, pulling back 1% over the past 24 hours. Altcoins saw similar performance, … Read more

Bank of America CEO Brian Moynihan is prioritizing ‘profits and purpose’

On this episode of Fortune’s Leadership Next podcast, cohosts Diane Brady, executive editorial director of the Fortune CEO Initiative and Fortune Live Media, and editorial director Kristin Stoller talk to Brian Moynihan, CEO of Bank of America. They talk about developing a leadership style, using AI responsibly in banking, and Moynihan’s desired legacy. Listen to the episode … Read more

China’s industrial profits rise 3% in April after output beat estimates despite U.S. tariffs

An employee works on a vehicle crankshaft production line at a factory which produces engine parts in Binzhou, in eastern China’s Shandong province on March 14, 2025. Str | Afp | Getty Images China’s industrial profits rose for a second straight month in April, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary … Read more

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