Income

US Savings Rate Soars As Consumer Spending Sinks – A Bad Sign For SMBs
US Savings Rate Soars As Consumer Spending Sinks – A Bad Sign For SMBs
June 01, 2020  |  SMBs

Not all that long ago, we were hoarding toilet paper and flour — eyeing the proverbial rainy day when we’d need what we’d saved, as...

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U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
April 29, 2020  |  Economy

U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the...

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UK FinTechs Team To Help Self-Employed Workers Amid COVID-19
UK FinTechs Team To Help Self-Employed Workers Amid COVID-19
March 24, 2020  |  Gig Economy

U.K.-based FinTechs have banded together to help self-employed workers prove their income so they can be eligible for financial support, according to a report. The...

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Etsy Delights Investors With Earnings Win, Disgruntles Sellers With Advertising Fees
Etsy Delights Investors With Earnings Win, Disgruntles Sellers With Advertising Fees
February 27, 2020  |  Earnings

It turned out to be a surprisingly strong quarter for online craft marketplace Etsy. Net income came in at $31.3 million, or 25 cents a...

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Macy’s Touts A Turnaround After Q4 Earnings Beat
Macy’s Touts A Turnaround After Q4 Earnings Beat
February 25, 2020  |  Earnings

After four consecutive quarters of progressively declining results, Macy’s managed to surprise the markets on Tuesday (Feb. 25) with an unexpected beat on earnings, gaining...

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Home Depot Posts Earnings Beat Amid Digital Integration
Home Depot Posts Earnings Beat Amid Digital Integration
February 25, 2020  |  Retail

As Home Depot works to bring together its brick-and-mortar and digital efforts, the home improvement company came out ahead of Q4 earnings estimates. Its shares...

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OnDeck Q4 Originations Dip, Instant Funding Clients Almost Double
OnDeck Q4 Originations Dip, Instant Funding Clients Almost Double
February 11, 2020  |  Earnings

OnDeck fell short of expectations with its fourth-quarter earnings report on Tuesday (Feb. 11), and the financial services firm registered a decrease in loan origination volume. Chief...

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Amazon Hits 150M Prime Users And Commits Billions  To One-Day Shipping
Amazon Hits 150M Prime Users And Commits Billions To One-Day Shipping
January 31, 2020  |  Earnings

Back to the trillion-dollar club they go. Amazon’s stock price shot up in after-hours trading, as the eCommerce company blasted past expectations when it announced...

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In South Korea, Treating (And Taxing) Crypto Gains As Income
In South Korea, Treating (And Taxing) Crypto Gains As Income
January 21, 2020  |  Cryptocurrency

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). To that...

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