Weekly Wrap For The Week Ending August 19th, 2022

Weekly Wrap For The Week Ending August 19th, 2022

over 1 year ago1 min

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Key takeaways from this week:

  • Saudi Aramco posted the biggest quarterly adjusted profit of any public company in the world driven by high oil prices and production
  • China's economy still struggled to get back on its feet last month which, along with its government crackdowns, is weighing on tech giants like Tencent which posted its first ever revenue decline last quarter
  • After issuing two profit warnings in recent months, Walmart managed to beat expectations last quarter as its discounter reputation helped it bring in more higher-income customers

And if you're gonna read one insight this week, make it this one looking at the three best places to look for emerging market stocks.

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