Profit statements

Can Tesla Profit From Its Insurance Business?

For most investors in Tesla, Inc. (TSLA), sales of electric vehicles are the top numbers on the company’s balance sheet. But if CEO Elon Musk is to be believed, another part of Tesla’s business could account for a significant chunk of its profits. In an October 2020 earnings call, Musk suggested that the company’s insurance […]

Profit statements

CHS sees big profit gains as global trade and energy demand skyrocket

A hiatus in the US-China trade war and surging demand for petroleum energy are fueling a strong financial rebound at CHS Inc., the country’s largest farmers’ cooperative. The Inver Grove Heights-based company released its fiscal 2022 first quarter results on Wednesday that reflect a reversal of some of the more troubling trends it faced at […]

Profit statements

Nonprofit ‘People’s COVID Vaccine’ Begins to Target Global Inequalities

While vaccine inequality between high-income and low-income countries continues to persist, a team of scientists from Texas have developed what they hope will be “the global COVID vaccine,” a low-cost, non-profit vaccine designed to help levels medium to low. income countries are battling the COVID-19 pandemic. Known as Corbevax, this vaccine was developed by Texas […]

Profit statements

Vitafoam posts net profit of 4.4 billion naira as dividend increases 114%

Vitafoam Nigeria Plc posted net profit of 4.384 billion naira for the fiscal year ended September 30, 2021. In addition, the company declared a total dividend of 1.876 billion naira for the period under review, an increase of 114 percent from the 87.590 million naira paid in 2020. Shareholders will receive 1.50 naira per share. […]

Profit statements

Profits for insurers, turnover up at end-September

With a recovering economy and greater awareness of insurance products amid a protracted pandemic, industry sales and profits increased in the first nine months of 2021, the Insurance Commission (IC) said on Friday. . Total premiums earned, or insurance policies sold, by life and non-life insurers as well as mutual benefit associations (MBAs) from January […]

Profit statements

EXCLUSIVE: Kimberly Bryant, CEO and Founder of Black Girls Code, an Oakland-based nonprofit tech organization, denies allegations of wrongdoing

OAKLAND, Calif. (KGO) – In an exclusive interview with ABC7 News Race and Culture reporter Julian Glover, Kimberly Bryant, CEO and founder of Black Girls Code, an Oakland-based nonprofit tech organization, denies claims of wrongdoing. “I certainly didn’t expect to be able to have this conversation with you,” Bryant told ABC7 News Race and Culture […]

Profit statements

“Government sells for-profit strategic power packs like peanuts”

New Delhi: Accusing the government headed by Prime Minister Narendra Modi, Congress on Wednesday accused the Modi government of “compromising” the country’s strategic interests by selling the “profitable” Central Electronics Limited (CEL) PSU to a private company with no experience in the field. Addressing a press conference, Congress spokesman Gourav Vallabh said the government was […]

Profit statements

For-profit colleges have made a comeback fueled by COVID

For-profit colleges and vocational schools in the United States were in a privileged position when the pandemic arrived. Freed by the Trump administration from the restrictions imposed by the Obama administration, they had easy access to federal student aid and, since many of their programs were already conducted online, they could pose as providers of […]

Profit statements

Steel stocks fall near buy point on earnings warning

Steel maker Nucor (NAKED) cautioned against earnings amid falling volumes at its steel plants, a day after steel stocks rallied to challenge a large market sell-off. Nucor shares fell early on Wednesday. Nucor’s management was targeting fourth quarter earnings of $ 7.65 to $ 7.75 per share. That would mark a record quarter, down from […]