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NetEase: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 16:15:52 GMT

HANGZHOU, China (AP) — HANGZHOU, China (AP) — NetEase Inc. (NTES) on Thursday reported earnings of $1.14 billion in its second quarter.On a per-share basis, the Hangzhou, China-based company said it had net income of $1.75. Earnings, adjusted for stock option expense, came to $1.91 per share.The internet technology company posted revenue of $3.31 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTES at https://www.zacks.com/ap/NTESSource

Frontline: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 16:15:52 GMT

LIMASSOL, Cyprus (AP) — LIMASSOL, Cyprus (AP) — Frontline plc (FRO) on Thursday reported second-quarter earnings of $230.7 million.On a per-share basis, the Limassol, Cyprus-based company said it had net income of $1.04. Earnings, adjusted for non-recurring gains, were 94 cents per share.The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 94 cents per share.The shipping company posted revenue of $522.2 million in the period. Its adjusted revenue was $365.5 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRO at https://www.zacks.com/ap/FROSource

111: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 16:15:52 GMT

SHANGHAI (AP) — SHANGHAI (AP) — 111 Inc. (YI) on Thursday reported a loss of $7.9 million in its second quarter.On a per-share basis, the Shanghai-based company said it had a loss of 10 cents.The Operator of a digital and mobile healthcare platform in China posted revenue of $479.6 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YI at https://www.zacks.com/ap/YISource

Banco Macro: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 16:15:52 GMT

BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Banco Macro SA (BMA) on Wednesday reported second-quarter earnings of $191.3 million.The bank, based in Buenos Aires, Argentina, said it had earnings of $2.69 per share.The financial holding company posted revenue of $1.7 billion in the period. Its revenue net of interest expense was $840.4 million, topping Street forecasts.Banco Macro shares have climbed 44% since the beginning of the year. The stock has climbed 67% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMA at https://www.zacks.com/ap/BMASource

This Annapolis company is creating locally and sustainably made shoes

Published Sat, 22 Feb 2025 16:15:52 GMT

A Maryland shoe company has a mission to make footwear “domestically and closer” to consumers.Made Plus is located at an Annapolis business park. On one side of the company’s suite sits the office, where sales happen and designs and sketches are spread out on tables.On the other side of a window sits the factory, where a small team of workers actually makes the shoes you just ordered. Nothing gets made until someone orders them.“Our mission is to make footwear domestically and closer to our consumers,” said Alan Guyan, Made Plus’ founder and CEO whose previous work included a stint in the shoe division at Under Armor. “It’s important to me for several reasons.”For one, it automatically becomes a “planet positive” product, Guyan said. Secondly, it enables the company to share the product with the community and provide jobs. And thirdly, “We get to control every aspect of manufacturing, which is controlling the design and engineeri...

Typical Summer Days ahead…

Published Sat, 22 Feb 2025 16:15:52 GMT

Winds are subsiding and that really helped curb the heat. Therefore, we will continue with an onshore flow driving in a couple showers on the breeze early. By the afternoon, scattered showers and an isolated storm possible mainly inland.Temperatures will be near average with lows in the upper 70’s to low 80’s and highs in the low 90’s.The weekend looks extra hot and humid with plenty of dry time. However, the pattern next week will depend on the tropics.NHC is now highlighting the Northwestern Caribbean Sea as a future low could form in that region over the next few days. Right now it has a medium change for development, but it is too early to tell what will happen with it (because nothing has formed).The EURO has been aggressively showing a well-organized low tracking into Florida and pulling up tons of moisture our way.While the GFS (American Model) is not showing a closed low, but rather a large area of clouds and rain getting drawn up North early next week.Eith...

5 lessons from the world’s most gaffe-prone diplomat: Josep Borrell

Published Sat, 22 Feb 2025 16:15:52 GMT

Meet the EU’s high representative for blunders and gaffes. In his nearly four years as the European Commission’s foreign policy chief, Josep Borrell has left a trail of diplomatic chaos in his wake, with mistakes in Moscow, bloopers in Brussels and trip-ups on Twitter. With Borrell likely to exit stage left after next year’s European elections, we’ve compiled a handy guide for whoever succeeds him as the EU’s top diplomat. Honorable mentions go to his lambasting of EU envoys for being “too slow” in reporting back to Brussels and for congratulating Ecuador for holding “peaceful” presidential elections despite one of the candidates being assassinated.His litany of misadventures offers helpful lessons to all aspiring diplomats. Let us begin …  Don’t stand by while hostile powers mock the EUIf you’re meeting with the Kremlin’s belligerent Foreign Minister Sergey Lavrov, be prepared to give as good as you get. Definitely do...

UK facing highest number of asylum claims for two decades

Published Sat, 22 Feb 2025 16:15:52 GMT

LONDON — New data released by the U.K. Home Office Thursday shows the country received its highest number of annual asylum applications in two decades.According to the release, 78,768 asylum applications were lodged in the U.K. in the year ending June 2023 — marking a 19 percent increase on the previous year. “This is higher than at the time of the European migration crisis (36,546 in the U.K. in year ending June 2016) and is the highest number of applications for 2 decades,” the Home Office release noted.The last time U.K. asylum claims were this high was 2002, when 84,130 applications were made in a single year.The rise in applications comes amid intense political focus on Britain’s asylum system. Prime Minister Rishi Sunak has vowed to “stop the boats” crossing the English Channel, and the Home Office is grappling with a growing backlog of unprocessed asylum applications.Sunak has also pledged to reduce the number of asylum seekers living in hotels w...

Police investigation underway in Lowell

Published Sat, 22 Feb 2025 16:15:52 GMT

A large police presence gathered in Lowell overnight as an investigation got underway.Officers who responded to Hampshire Place around midnight could be seen scouring a single unit in a taped-off multi-family home.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Soaking In The Sun to Soaking Wet

Published Sat, 22 Feb 2025 16:15:52 GMT

What a stretch of weather we’ve had over the last couple of days as full on sunshine, low humidity and comfortable temps has won out. This morning, we’re pretty much pickup up where we left off as morning lows start in the low 50s in the suburbs to low 60s in the city. The weather today is nice overall with a comfortably warm afternoon as the humidity is still on the lower side. We will increase the clouds this afternoon, foreshadowing the wet weather ahead. It’ll start as a few sprinkles, or an isolated shower this evening, then become a steady rain by daybreak tomorrow. Do expect a soaking start to the day with widespread rain for the morning commute. Some of the rain tomorrow will be locally heavy as well, producing a quick 1-2″ of rain. Temps will be stuck around 70 tomorrow, with higher humidity as well. It’ll still be muggy Saturday with a few late afternoon/early evening showers/storm popping up, but a large portion of the day will likely be dry....