ekkawit998/iStock via Getty Images Six Flags Entertainment Corporation (NYSE:SIX) reported a 12% drop in fourth-quarter revenue to $280 million. Attendance was down 30% during the quarter, which the theme party operator said was due to an increase in ticket prices, the removal of free tickets and deeply discounted pass products, and fewer days of operation. … Read more
Rio Tinto PLC reported a 41% drop in net profit for 2022 and reduced its payment to shareholders, reflecting a drop in copper and iron ore prices. The second largest mining company in the world RIO, -1.16% River, +1.26% by market value said Wednesday it made a net profit of $12.42 billion last year, up … Read more
Dazman/E+ via Getty Images BHP (New York Stock Exchange: BHP) is trading ~2% lower in Australian trading after reporting a 32% decline in H1 net earnings, reflecting a drop in iron ore, copper and other industrial metal prices over the trading period. six months. BHP (BHP) said it made a net profit of $6.46 billion … Read more
The average UK household bill will rise to £3,000 per year between April and June under the energy price guarantee scheme © Tolga Akmen/EPA-EFE/Shutterstock Campaigners have called on the UK government to freeze household energy costs beyond the end of March as falling wholesale prices slash the amount of government subsidy needed to keep bills … Read more
Harvard professor and former chief economist at the International Monetary Fund Kenneth Rogoff spoke on international sanctions against Russia at the World Economic Forum in Davos, where he said he believed the sanctions had already had a significant impact on the Russian economy. Moreover, he believes that in the future, Russians will face “incredible poverty … Read more
OLLY RENGovernor of the Bank of Finland, believes that the economic situation in the euro area has deteriorated markedly this autumn, which confirms the risks identified by the European Central Bank (ECB). “Due to the unusually high uncertainty in the energy supply, the likelihood of a recession and even stagflation, as identified in the … Read more