disruptions

International Personal Finance Underlying Pretax Profit Rose; Shares Rise

By Joe Hope Shares in International Personal Finance PLC rose Wednesday after the company said pretax profit rose 45% on an underlying basis along with increased revenue, though reported pretax profit slipped. Shares at 0742 GMT were up 8.2 pence, or 11%, at 84.9 pence. The London-listed credit company said pretax profit rose on an …

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Rivian Was Responsible for Amazon’s Loss. The Market Was Ready This Time.

Text size Amazon’s loss was due almost entirely to the drop in Rivian stock. Courtesy of Rivian Amazon.com lost money in the second quarter of 2022. Rivian Automotive was the reason, again. Rivian (ticker: RIVN) has tanked Amazon (AMZN) earnings before, with the declining value of Amazon’s Rivian shares hitting Amazon results back in the …

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