Saudi Aramco Posts 90% Jump in Profit, Generating Billions for Kingdom

High crude prices are infusing Saudi Arabia with billions of dollars in cash, fueling record profit at its national oil company, lending fresh momentum to the country's ambitious economic makeover and strengthening its geopolitical power. 


 
Nearmap Gets A$1.055 Billion Offer From Thoma Bravo

Australian aerial-mapping provider Nearmap received a takeover proposal from Thoma Bravo and is in advanced due diligence with the U.S. private-equity firm. 


 
Winemakers in Southern Europe Grapple With Extreme Weather

Weather conditions across the south of Europe have become so extreme this summer that many winemakers worry yields will fall and the quality of their wine could suffer. 


 
Robinhood Learns to Nab Interest Income

While trading languishes, Robinhood is showing some momentum on other sources of revenue, such as from rising interest rates. 


 
Affirm CEO Says Next Recession Will Silence Doubters

While shares of the buy now, pay later business are down 77% from November, Max Levchin expects lending models to set the company apart. 


 
Victoria's Secret Is Trying a New Look. Can Customers Be Convinced?

The lingerie retailer hopes to reverse decades of marketing that showcased provocative images of supermodels. Many shoppers aren't aware of the changes. 


 
Movie Theaters Plot Revival as Americans Show Up for Blockbusters

Hits such as "Top Gun: Maverick" and "Jurassic World Dominion" have shown this summer that audiences will return to the auditorium for films they want to see. And studio chiefs are seeking to capitalize on the big screen now that people are embracing prepandemic experiences. 


 
A Dose of Vitamin Shoppe Could Be Good for Your Portfolio

Picking a good retail investment is tricky in today's environment. Franchise Group offers up a healthy dose of diversification and a good helping of cash. 


 
YouTube Advances Plans for Streaming Video Marketplace

The ultracompetitive U.S. market is prompting streaming services to seek new ways to find subscribers. 


 
Facebook Marketplace, DoorDash Team Up for Local Deliveries

The service will deliver items that fit in a car trunk to destinations up to 15 miles away.


(END) Dow Jones Newswires

08-14-22 2115ET