Sections
profits
-
Bank RegulationFDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same...
-
CoronavirusAmazon To Use Expected $4B In Q2 Profits On COVID-19 Expenses
Amazon.com Inc. said it expects to spend its anticipated $4 billion second-quarter profits on coronavirus-related expenses, according to the company’s filing with the Securities...
-
RidesharingUber Expects Revenue Plunge As It Retracts 2020 Guidance
The ongoing coronavirus pandemic has caused Uber to withdraw its 2020 guidance as it anticipates a $1.9-$2.2 billion impairment charge and $17-22...
-
AppleApple Eases Streaming App Commissions
Apple has announced it will end its practice of taking a cut of streaming revenue from Amazon’s Prime Video and other such...
-
EarningsThe RealReal Tops $1B In GMV In 2019
As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. reported a contribution profit per order of $19.72 and buyer...
-
Gig EconomyeScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people...
-
SMBsRevenues Grow While Profits Flat For Over Half Of US SMBs
More than half of U.S. small businesses (SMBs) — 57 percent — reported revenue growth in 2018, although profits remained the same...
-
RidesharingBolt CEO: Ride-Hailing Firm Nearing Profitability In Most Markets
The CEO of Bolt, an Estonian-based ride-hailing company, said his company is beginning to see profitability in most of the markets in...
-
InvestmentsSilicon Valley Braces As VCs Pump The Brakes
Profits are being pushed over progress as Silicon Valley investors start reeling in the billions that startups have come to expect, The...
-
InvestmentsWeWork’s IPO Flop Triggers Tech Startup Scrutiny By Investors
Following WeWork’s IPO debacle, investors want tech startups to prove profitability before seeking funds and going public, CNBC reported on Friday (Nov....
-
RetailMoody’s Predicts Difficult Retail Landscape, Lowers Profit Forecast
A new report by Moody’s Investors Service predicts that growth for retailers will slow due to the costs of integrating eCommerce with...
-
B2B PaymentsHSBC Announces U.S., U.K. Restructuring Amid Q3 Losses
Losses at some HSBC businesses are causing the bank — Europe’s largest — to restructure, CNBC reported Monday (Oct. 28). HSBC posted...
-
RetailComcast Gains 379K High-Speed Internet Subscribers In Q3
With additions to its internet subscribers but a loss in video users, Comcast Corp. came out ahead of Wall Street estimates for third-quarter profits....
-
InvestmentsDeutsche To Invest Billions In Automation, Analytics
German shipping and logistics company Deutsche Post DHL has investment and expansion plans to capitalize on the growing eCommerce space worldwide, according...
-
DeliveryInvestor Says Grubhub Challenged By Competition, Margin Pressures
Famous investor Jim Chanos, founder of Kynikos Associates, said that Grubhub, a food delivery company, makes barely anything per order and that...
-
Digital PaymentsPaytm’s Long Walk To Profitability
Paytm is perhaps the largest and best-known domestic name in mobile payments in India, but it continues to struggle on the path...
-
InternationalIndia’s MobiKwik Turns A Profit
The 10-year-old Gurgaon-headquartered mobile payments firm MobiKwik has hit its profit goals and is now making money, as reported on Tuesday (Sept....
-
EarningsDigital Delivers An Earnings Beat For Macy’s
Today’s news is something of a departure from the more mournful tone of Macy’s Q4 earnings release, when a holiday shopping season...
-
AppleNew China Tariffs Can Boost Apple iPhone Costs By 3 Pct
New tariffs imposed by China could cause Apple’s iPhone production costs to rise as much as 3 percent, and negatively impact the...
-
LoansCredit Card Losses Top Home, Auto Loans At US Banks
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10...
-
EarningsGM Posts Better-Than-Expected Q1 Profits
General Motors reported quarterly profit that was higher than expected on Tuesday (April 30), and the company said its shares were helped...
-
EarningsBlue Apron Achieves Profitability Under New CEO
Blue Apron continued to shed customers in the first quarter of 2018, but it reported a smaller net loss for the period...
-
RetailH&M Reports Narrower Profit Decline Than Expected
H&M, the world’s second-largest retailer, reported a smaller than expected decline in profit for the first quarter. According to a report in...
-
IPOLyft Posts $911M In 2018 Losses
Lyft, the ride-hailing startup that’s going public via an initial public offering later this week, is shaping up to have lodged the...
-
AmazonAnalysts Say Amazon’s Profit Strategy Could Boost Shares 25 Pct
Amazon’s recent moves in pushing groceries, closing pop-up stores and zeroing in on advertising could help the online retail giant grow profits,...
-
RetailFootfall Worries US Retail Despite Strong Holiday Season
Despite a record-breaking holiday season for retailers in 2018, the strength of the industry’s recovery is being called into question as data...
-
BitcoinBitcoin Daily: Rising Electric Rates Challenge Bitcoin Mining Profits; Bitwala Plans Blockchain Account With solarisBank
Bitwala is teaming up with Germany-based solarisBank to roll out a blockchain bank account, CoinDesk reported. While the service is targeted for...
-
B2B PaymentsAussie Bank Crackdown Takes Its Toll On ANZ Profits
Profits for Australia and New Zealand Banking Group (ANZ) have taken a hit as the nation continues its crackdown on bank misconduct,...
-
B2B PaymentsTesla Wants Money Back From Suppliers To Turn A Profit
Automaker Tesla Inc. is reportedly seeking partial refunds from suppliers it’s already paid in an effort to become profitable more quickly, according...
-
EarningsLoan Performance Weighs On SoFi’s Q4
Social Finance (SoFi), the FinTech lending company, said late last week that customers are missing their loan payments at a rate that...
-
EarningsUber Reports Boost In Bookings, Smaller Losses For Second Quarter
Uber has reported a 16 percent increase in quarterly bookings—and a smaller loss than the previous period—as the company showed signs of...
-
RetailFedEx Profits Flatten Over Increased Spending
As the holiday shipping (not to be confused with shopping) season kicks into high gear, straining major shipping and logistics providers, FedEx...
- Earnings
Burberry Fiscal Fabric Weathered By 40 Percent
Burberry’s fiscal fabric is bunching. The London-based fashion company just posted a significant drop — 40 percent — in its fiscal profits,...
- International
What’s To Blame For Samsung’s Sales Slump?
Smartphones may be behind the most recent earnings estimates offered up by South Korea’s technology titan Samsung Electronics. As reported Tuesday (July 7) by...
