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Thursday, May 16
by
SRN News
Deere cuts 2024 profit forecast as sliding farm income stifles demand
By Deborah Mary Sophia (Reuters) -Deere on Thursday trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income. Farm income is expected to slide 25.5% to $116.1 billion this year from ...
Thursday, May 9
by
SRN News
Brazil’s Eletrobras net income down 19% in Q1
SAO PAULO (Reuters) – Brazilian power giant Eletrobras reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed investments in the transmission segment. WHY IT’S IMPORTANT Eletrobras is Latin ...
Wednesday, May 8
by
SRN News
Airbnb shares slide on lower revenue forecast despite a doubling of net income
SAN FRANCISCO (AP) — Airbnb’s profit more than doubled last quarter, but management’s disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday. The San Francisco-based vacation rental app said its net income rose to $264 million in the first ...
Wednesday, May 8
by
SRN News
Robinhood beats profit estimates on interest income strength
(Reuters) -Online trading app Robinhood Markets beat estimates for first-quarter profit thanks to strong trading volumes and rate hikes that boosted its net interest revenue and sent shares up about 6% after the bell on Wednesday. The company reported a profit of $157 million or ...
Tuesday, May 7
by
SRN News
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold. The ...
Monday, May 6
by
SRN News
Loews reports higher profit on strong returns on investment income
(Reuters) – Loews Corp on Monday reported a near 22% jump in first-quarter profit compared with the previous year, helped by higher premiums and strong returns on its investments. The company earns most of its revenue from its insurance unit CNA ...
Thursday, May 2
by
SRN News
StanChart Q1 profit beats estimates as income boost outweighs China woes
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher interest rates and a robust performance from its markets trading business offset a ...
Wednesday, May 1
by
The Center Square
Iowas flat income tax will go into effect in 2025 tax year
(The Center Square) - Gov. Kim Reynolds signed a bill Wednesday that allows Iowa's flat income tax rate to go into effect in tax year 2025, a year ...
Wednesday, May 1
by
SRN News
MetLife Q1 profit rises on higher premiums, investment income
(Reuters) – MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments. Adjusted premiums, fees and other revenues – excluding pension risk transfers at the insurance firm – rose 4% for ...
Tuesday, April 23
by
The Center Square
Iowa lawmakers enact flat income tax a year early
(The Center Square) - Iowa taxpayers will pay a 3.8% flat income tax rate a year earlier than expected as part of a tax bill passed by lawmakers ...
Thursday, April 18
by
The Center Square
Guaranteed income ban legislation on Reynolds desk
(The Center Square) - A bill that bans guaranteed income programs cleared its final hurdle and is now in the hands of Iowa Gov. Kim Reynolds. ...
Friday, April 12
by
The Center Square
Amendment would make it tougher for Iowa lawmakers to pass income tax law change
(The Center Square) - Iowa voters could decide if income tax law changes need approval of two-thirds of the Legislature. ...
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