Shein Second-Quarter Profit Falls 67% on Higher Costs and EU Fees

Fast-fashion Shein reported an adjusted net profit of $228 million for the second quarter ending June, representing a 67% decline year-over-year. Profit falls as EU parcel fees impact sales Profit … Read More

Hims & Hers Shares Surge as Novo Nordisk Drops Patent Lawsuit

Hims & Hers Health posted a wider-than-expected second-quarter loss as the telehealth company transitioned its model toward branded weight-loss drugs, following a strategic pivot that included dropping legal battles with … Read More

Ola Electric Reports Narrower Q1 Loss Amid Rising EV Sales

India’s Ola Electric Mobility (NSE: OLAELEC) reported a narrower net loss for the first quarter ending June 30, driven by higher electric two-wheeler sales volume and lower operating expenses, according … Read More