US giants Amazon and Apple posted results with revenue growth that beat analyst expectations.
The US has entered the widely-accepted technical definition of recession, according to data out today from the Commerce Department.
Shell and British Gas owner Centrica today reported substantial profit increases after benefiting from the surge in commodity prices, while Covid vaccine maker Pfizer broke records in the US.
Second quarter earnings at Shell hit a record $11.47 billion (£9.4 billion), double last year’s level and prompting the oil giant to buy back another $6 billion ($4.9 billion) of shares in addition to the $8.5 billion completed in the first half.
