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Nokia profit plunges 90 percent in Q1

(AP) -- Nokia Corp. on Thursday said profits plummeted 90 percent in the first quarter because of fading demand for mobile phones amid the worldwide downturn - but its shares surged as analysts had expected an even gloomier ...

Why flexible franchises win in financial markets

If you've stayed at a brand-name hotel or eaten at a fast food restaurant recently, it's more likely than not that you've supported a franchised company. Franchising is a distribution strategy where a larger company, the ...

How the 'Kimchi premium' on crypto affects overseas remittances

The "Kimchi premium" is a term used to refer to the gap between the price of bitcoins in South Korean versus Western exchanges. This difference, which was first observed in 2016, is caused due to the high demand for a limited ...

Lyft loss widens to $1.1 bn, unveils Waymo partnership

Lyft said Tuesday its loss in the past quarter widened to $1.1 billion in the ride-hailing giant's first financial report as a public company, as it announced it was teaming up with former Google car unit Waymo on autonomous ...

SK Hynix profits slump 69% in first quarter

South Korea's SK Hynix, the world's second-largest memory chip maker, saw operating profits plunge more than two-thirds in the first quarter in the face of lower prices, it said Thursday.

Tesla hit with big loss as car deliveries sputter

Electric carmaker Tesla on Wednesday announced a heavy loss in the first quarter as car deliveries sputtered overseas and a US tax credit that made its prices more attractive was reduced.

Twitter triples profits, global user base steadies

Twitter said Tuesday profits soared in the past quarter, and President Donald Trump immediately claimed credit for the success of the short messaging platform even as he renewed his allegations of bias.

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