Earnings on Seven Lights https://sevenlights.org/tags/earnings/ Recent content in Earnings on Seven Lights Hugo en-us Sat, 07 Nov 2026 16:30:00 -0500 Berkshire Hathaway doubles buybacks as operating income slips https://sevenlights.org/2026/11/07/berkshire-hathaway-q3-results/ Sat, 07 Nov 2026 16:30:00 -0500 https://sevenlights.org/2026/11/07/berkshire-hathaway-q3-results/ Berkshire Hathaway spent about $9.6 billion repurchasing its own shares in the third quarter, more than double the previous quarter, while operating earnings fell 5.8 percent as insurance underwriting weakened. Intel Shares Fall 29 Per Cent, Worst Single Day Since the 1970s https://sevenlights.org/2026/10/31/intel-worst-share-drop-decades/ Sat, 31 Oct 2026 03:43:00 -0400 https://sevenlights.org/2026/10/31/intel-worst-share-drop-decades/ Intel shares plunged 29 per cent on Friday, their worst day since the 1970s, after the chipmaker issued weaker guidance hit by plant shutdowns in Israel and a soft personal computer market. SpaceX-Tesla Merger Chatter Overshadows Earnings as Shares Slide https://sevenlights.org/2026/10/24/spacex-tesla-merger-market-reaction/ Sat, 24 Oct 2026 04:40:00 -0400 https://sevenlights.org/2026/10/24/spacex-tesla-merger-market-reaction/ Tesla shares fell 3% and SpaceX dropped 9% as speculation about a merger between Elon Musk’s two companies dominated Wall Street after earnings, with analysts questioning the deal’s logic and experts warning of steep regulatory hurdles. American Express to Cut About 5% of Global Workforce in AI-Linked Restructuring https://sevenlights.org/2026/10/24/american-express-ai-restructuring-cuts/ Sat, 24 Oct 2026 04:35:00 -0400 https://sevenlights.org/2026/10/24/american-express-ai-restructuring-cuts/ American Express plans to cut about 5% of its global workforce, taking a $336 million restructuring charge in the third quarter, with its CFO citing the need to become leaner and more agile in the age of artificial intelligence. Musk Forms Merger Committees at Tesla and SpaceX as Election Spending Draws Scrutiny https://sevenlights.org/2026/10/23/musk-spacex-tesla-merger-committees/ Fri, 23 Oct 2026 06:55:00 -0400 https://sevenlights.org/2026/10/23/musk-spacex-tesla-merger-committees/ Special committees at Tesla and SpaceX are weighing a merger, Elon Musk said, even as CNBC reported he has committed roughly $366 million to 2026 midterm races and SpaceX has booked $6.78 billion in federal contracts this year. Blackstone Profit Drops 9.2% as Higher Rates Curb Dealmaking https://sevenlights.org/2026/10/22/blackstone-profit-drops-higher-rates-dealmaking/ Thu, 22 Oct 2026 09:22:00 -0400 https://sevenlights.org/2026/10/22/blackstone-profit-drops-higher-rates-dealmaking/ Blackstone reported a 9.2% drop in third-quarter income as higher interest rates subdued dealmaking, with the money the firm deployed reaching a low for this year, Bloomberg reported. Barclays to Cut About 5,000 Jobs as It Expands Use of AI https://sevenlights.org/2026/10/22/barclays-cut-5000-jobs-ai/ Thu, 22 Oct 2026 06:19:00 -0400 https://sevenlights.org/2026/10/22/barclays-cut-5000-jobs-ai/ Barclays is cutting around 5,000 posts, about 5% of its global workforce, as it introduces more artificial intelligence into its work processes, the bank said alongside third-quarter results.