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Fossil fuel emissions continue to pose severe health risks, with millions of deaths attributed to air pollution, particularly in countries like India and the U.S. Despite record fossil fuel subsidies, there are signs of cautious optimism as renewable energy investments grow and deaths from fossil fuel-related pollution decline. However, the gap between scientific assessments of fossil fuel impacts remains a contentious issue, highlighting the urgent need for climate action.
Coinbase Global Inc. reported a third-quarter profit as revenue surged to $1.29 billion, surpassing analysts' expectations of $1.25 billion, amid a cryptocurrency market recovery. However, net income fell to $75 million, below the anticipated $112.2 million, while the company had a loss of $2.3 million in the same period last year.
Carvana Co. reported a strong quarter with earnings per share of 68 cents and revenue of $3.66 billion, exceeding expectations of $3.46 billion. The company highlighted robust demand and pricing in the used-car market, projecting a positive outlook for full-year earnings.
Microsoft Corp. reported a 16% increase in quarterly revenue, reaching $65.6 billion for the first quarter ending Sept. 30, driven by its cloud-computing and Office software sectors. Profit rose to $3.30 per share, surpassing analysts' expectations of $64.5 billion in sales and $3.11 earnings per share, indicating the positive impact of the company's investments in artificial intelligence.
Clorox Co. has raised its annual profit guidance to as much as $6.90 per share, up from a previous forecast of $6.80, following a boost in advertising that helped the company regain market share lost due to a cyberattack last year. Analysts had estimated earnings of $6.65. The company maintained its guidance for revenue and organic sales.
DoorDash Inc. achieved its first operating profit since the pandemic, reporting $107 million in operating income, significantly surpassing analyst expectations. The San Francisco-based delivery service also exceeded projections for total orders and adjusted earnings, focusing on expanding non-restaurant offerings to attract new customers.
Meta's Reality Labs reported a $4.4 billion operating loss in the third quarter, despite a 29% year-over-year revenue increase to $270 million. The company continues to invest heavily in augmented and virtual reality technologies, with total losses exceeding $58 billion since 2020. CEO Mark Zuckerberg showcased the Orion AR glasses at the Meta Connect event, aiming to build consumer interest and developer support for future applications.
Booking Holdings Inc. reported a strong performance in the third quarter, with room nights booked rising 8% to 299 million, surpassing analysts' expectations. Gross travel bookings reached $43.4 billion, exceeding the projected $41.4 billion, indicating robust consumer demand despite summer concerns.
Amgen Inc. reported third-quarter adjusted earnings per share of $5.58, surpassing analysts' expectations of $5.10. While revenue matched forecasts at $8.5 billion, the company's operating costs were notably lower at $4.46 billion, contributing to the profit beat.
Inflation is disproportionately impacting lower-income households, with only 18% of those earning under $50,000 feeling they can afford holiday spending. In contrast, 52% of those making $100,000 or more believe they can easily manage holiday expenses, reflecting a growing income disparity. About 20% of Americans anticipate going into debt for holiday celebrations, with many still grappling with previous holiday debt.
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climate change drives record health risks and economic losses worldwide
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21:27 30.10.2024
coinbase reports profit as revenue doubles amid crypto market recovery
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clorox raises profit outlook as advertising boosts sales and market share
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doordash achieves first operating profit since pandemic began
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travel bookings exceed expectations signaling strong consumer demand in summer
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holiday spending disparities highlight inflation's impact on income groups
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20:38 30.10.2024
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