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Chevron’s Second-Quarter Revenue and Other Income Beat Estimates

CLS reported on July 31 that Chevron’s second-quarter revenue and other income totaled $70.06 billion, compared with an estimate of $67.93 billion. Chevron’s adjusted second-quarter earnings per share were $6.06, versus the market expectation of $5.65.

Coinbase Revenue Falls 19% as It Renews Circle Partnership

Coinbase shares fell 5.6% in premarket trading. The cryptocurrency trading platform said second-quarter revenue fell 19% year over year to $1.2 billion, marking the third consecutive quarter of decline. Chief Executive Brian Armstrong said the company will ren…

Kioxia posts an earnings miss after its stock price is cut in half

Kioxia released its quarterly results for April through June on Friday afternoon, reporting weaker-than-expected performance that suggests the artificial-intelligence-driven surge in flash-memory prices may be losing momentum. Revenue for the quarter ended in…

China urges U.S. to stop threatening Cuba with force

Chinese Foreign Ministry spokesperson Mao Ning said at a regular press briefing on July 31 that China had noted reports that the United States was preparing a military action plan for Cuba. "China has stated its position on this issue several times," Mao said.…