Japan’s largest ocean shipping lines saw Q2 profits decline on the effects of the U.S. tariff war, and cut their forecast for all of 2025. Ocean Network Express on Tuesday said revenue for the June-August fiscal 2025 second quarter was $4.46 billion, down 24% from $5.9 billion in the year-ago quarter, with net profit of $285 million, off 86% from $1.9 billion in 2024. Profits for the joint venture of Japan’s K Line, MOL and NYK initially soared in 2024 as attacks by Yemen-based Houthi militia forced glob ...

Chevron said its third-quarter profit fell, citing lower crude oil prices and expenses from its acquisition of Hess. ...

Core Insights - Gildan Activewear has narrowed its expectations for the year due to weaker demand and increased tariff costs following a decline in third-quarter profits [1] Group 1: Financial Performance - The company reported a decrease in third-quarter profits, prompting a revision of its financial outlook for the year [1] Group 2: Market Conditions - Weaker demand in the market has been identified as a significant factor affecting the company's performance [1] - Increased tariff costs are also impacting the company's financial results and expectations [1]

Core Viewpoint - Singapore Airlines reported a significant decline in earnings, leading to a notable drop in its stock price, indicating potential challenges in its financial performance for the first quarter of the 2025/2026 financial year [1][2]. Financial Performance - The net profit for Singapore Airlines fell to 186 million Singapore dollars (approximately 144 million USD) for the quarter ended June 30, marking a 59% decline compared to the previous year [2]. - The operating profit also decreased by 13.8% year over year, amounting to S$405 million [2]. Stock Market Reaction - Following the earnings report, shares of Singapore Airlines fell more than 8%, experiencing the largest intra-day decline since August 2024, with current trading down 7.11% [1].