profitability

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www.newsshopper.co.uk
2 days ago
London

Five 'underperforming' south east London Papa Johns pizza stores to close

Closure of 43 Papa Johns UK restaurants, 5 in south east London
Focus on investment and profitability at remaining UK sites
ipo
www.fastcompany.com
1 week ago
Startup companies

Here's how Reddit can become profitable after its IPO, according to Redditors

Reddit is a massive online platform with over 100,000 communities catering to diverse interests.
Reddit's IPO launch, valued at $6.5 billion, raises concerns about its profitability and long-standing lack of profit.
TechCrunch
1 week ago
Startup companies

Telegram raises $330 million fresh capital through bond sales | TechCrunch

Telegram secured $330 million in oversubscribed bond sales with favorable terms.
The company aims to be profitable next year and is considering going public to democratize access to its value.
TechCrunch
2 weeks ago
Startup companies

Telegram founder says the company will become profitable next year | TechCrunch

Telegram expects to hit profitability next year and considers going public in the future.
They are making money through ads, subscriptions, and plan to expand ad offerings globally.
www.nytimes.com
1 month ago
Startup companies

Can Redditors Revive the I.P.O. Market?

Reddit filed for IPO seeking $5 billion valuation
A.I. focus for ad sales and licensing revenue
TechCrunch
1 month ago
Startup companies

Reddit files to go public - at last | TechCrunch

Reddit filed to go public, unprofitable but with growing revenue.
Despite improvements, Reddit remains unprofitable, relying on funding for operations.
moreipo
advertising
AdExchanger
2 weeks ago
Marketing tech

Greenfield: Streaming Platform Should Focus More On Time Spent

Many streaming services are loss-leading due to significant ongoing investments.
Success of Disney+ under Bob Iger led to a rush of new streaming service launches.
AdExchanger
1 month ago
Online marketing

Amazon Juices Profits, With A Big Assist From The Ads Biz | AdExchanger

Amazon's advertising revenue grew to $14.7 billion in Q4 2023, contributing to the company's overall profitability.
Amazon expects its advertising business to continue growing and improving its profit margins.
AdExchanger
10 months ago
Marketing tech

Streaming's Presence At The Upfronts Reveals A Push For Profitability | AdExchanger

Streaming is arguably the TV industry's most powerful growth engine.But it's still far from a mature business.Less than a year ago, connected TV officially outgrew cable as the most popular way to watch TV.Now, achieving profitability is the priority, said Eric Schmitt, research director at Gartner.
AdExchanger
10 months ago
Marketing tech

Streamers Need To Bank On More Than Just Ads - As They Add More Ads | AdExchanger

Here's today's AdExchanger.comnews round-up... Want it by email?Sign up Think Outside The Box here.Streaming services are leaning heavily on advertising.Disney, Netflix, Paramount and HBO Max all raised prices within the last year, and they're not slowing down.Content bundling can back up price increases while minimizing churn.
time.com
10 months ago
Tech industry

Is Twitter's New CEO Linda Yaccarino Heading Toward a Glass Cliff?

Less than two months into his $44 billion purchase of Twitter, Elon Musk declared that whoever took over as the company's CEO must like pain a lot.Then he promised he'd step down as soon as he found a replacement foolish enough to want the job.That person, Musk announced Friday, is Linda Yaccarino, a highly-regarded advertising executive from NBCUniversal.
AdExchanger
10 months ago
Marketing tech

More DTC Agency Execs And Consultants Are Giving 'Brand Operator' A Try | AdExchanger

Hey, readers!This is James Hercher, AdExchanger's senior editor and your escort into the world of commerce media.This week, we examine an interesting DTC marketing trend whereby online brand building and ecommerce advertising experts are testing their mettle by launching and operating brands of their own.
moreadvertising
Marketing
www.fastcompany.com
2 weeks ago
Marketing

Allbirds and Outdoor Voices wanted to be the next Nike and Lululemon. Here's what went wrong

Direct-to-consumer (DTC) brands are facing challenges in achieving profitability despite significant investments.
Struggles of pioneering DTC brands like Allbirds and Outdoor Voices highlight the pressure for growth and the need for a sustainable business model.
AdExchanger
4 weeks ago
Marketing

Vizio's Profitability Could Be A Boon For Walmart's Ads Business | AdExchanger

Vizio's ad business profitability makes it an attractive acquisition target for Walmart.
Vizio's competitive advantage lies in its automatic content recognition (ACR) technology for ad sales.
The Business of Fashion
1 month ago
Marketing

Everlane Still Wants to Be a $1 Billion Brand. Is That Even Possible?

Everlane overcame challenges like declining sales to achieve record profits.
The company aims to hit $1 billion in annual sales by investing in social media and following its pre-pandemic direct-to-consumer playbook.
London Business News | Londonlovesbusiness.com
1 month ago
Marketing

Uber remains the world's most valuable mobility brands at $29.7 billion

Uber remains the most valuable mobility brand at USD 29.7 billion, demonstrating profitability for the first time.
Bolt experiences the largest brand value increase in the sector, rising to USD 457 million in 2024.
London Business News | Londonlovesbusiness.com
1 month ago
Marketing

Unlocking revenue streams and maximising profits through online course sales

Maximizing online course sales depends on audience size and pricing power.
Using multiple marketing strategies and partnering with other businesses can help maximize profits.
Forbes
1 month ago
Marketing

5 Top Tips For Starting Your Dream Business And Making It Profitable

Conduct thorough market research before starting a business
Clearly define your business model and identify your unique value proposition
Develop a strong marketing strategy to reach new customers and increase revenue.
moreMarketing
Los Angeles Times
2 weeks ago
Los Angeles

New rooms, tours, activities: Queen Mary is royal again, Long Beach says. But at a whopping cost

Repairs for the Queen Mary in Long Beach have cost over $45 million in 8 years, with ongoing essential repairs expected.
City officials are optimistic about the ship's profitability, expecting $3.6 million in modest profit by 2024 for the aging ocean liner.
London Business News | Londonlovesbusiness.com
2 weeks ago
Business intelligence

Five mistakes most business leaders make with their finances

Financial reward is a key driver for business success.
Focusing on turnover without considering profit is detrimental to business growth.
The Motley Fool
2 months ago
Business intelligence

1 Top Growth Stock Down 80% to Buy in 2024 and Hold Forever | The Motley Fool

ZoomInfo's stock experienced a roller-coaster ride in its first few years as a public company, but its revenue spiked by 57% in 2021.
The company's sales growth slowed down to just 9% in its most recent quarter due to factors like soaring interest rates and inflation, putting profitability as a priority for venture capital firms.
TechCrunch
2 weeks ago
Startup companies

Watch: Reddit's IPO success may hinge on AI boom | TechCrunch

Reddit IPO may signal the end of IPO dearth
Investors attracted to Reddit's growth story and revenue despite unprofitability
english.elpais.com
1 month ago
Startup companies

Uber unveils $7 billion share buyback plan after first profitable year

Uber launches $7 billion share buyback program after achieving profitability
Uber predicts strong business growth and profitability over the next three years
The Verge
1 month ago
Startup companies

Uber ends the year in the black for the first time ever

Uber reported an operating profit of $1.1 billion in 2023, compared to a $1.8 billion loss in 2022.
CEO Dara Khosrowshahi called 2023 an inflection point for Uber, proving it can generate strong profitable growth at scale.
sfist.com
1 month ago
Startup companies

Uber Actually Turned a Profit For the First Time Since Going Public Five Years Ago

Uber reported its first annual profit of $1.9 billion for 2023, since its 2019 IPO.
The company's rideshare revenue increased by 34% last year, and it benefited from laying off employees and shutting down redundant services.
www.fastcompany.com
1 month ago
Startup companies

Uber just posted its first annual profit as a public company

Uber reported its first full year of profit as a public company.
Uber expects continued growth in the first quarter of 2024.
TechCrunch
1 month ago
Startup companies

Streaming media company Plex raises new funds as it nears profitability | TechCrunch

Plex has raised a new round of funding, which is larger than its previous round and will help fuel the company's push towards profitability.
The round is an inside round, including existing Series C investors, and the size of the round will be disclosed later through securities filings.
www.nytimes.com
2 weeks ago
Cars

Toyota's Hybrid-First Strategy Is Delivering Big Profits

Toyota initially lagged in electric vehicles but focused on hybrids; now, its sales and profits are booming.
Above the Law
3 weeks ago
Law

Back To Basics: 6 Tech Tips Every Small Firm Needs To Hear

Focusing on finances is crucial for law firms
Choosing the right technology for financial reporting is key
Above the Law
2 months ago
Law

Morning Docket: 01.19.24

Billing rates are increasing, but firms may experience higher write-offs, potentially resulting in lower profits.
S&C is profiting from cleaning up financial failures.
Artificial intelligence
Forbes
3 weeks ago
Artificial intelligence

Klarna's AI Assistant Is Doing The Job Of 700 Workers, Company Says

Tech unicorns face challenges due to economic conditions
Klarna's AI assistant improves efficiency and profitability
Mail Online
3 weeks ago
Artificial intelligence

Elon Musk suing OpenAI and its chief executive Sam Altman

Elon Musk sues OpenAI for deviating from its original mission of non-profit AI development for humanity.
OpenAI's focus on profitability allegedly breached the contract made with Musk.
www.fastcompany.com
4 weeks ago
Artificial intelligence

Klarna says its AI assistant does the work of 700 people after it laid off 700 people

Klarna's AI chatbot handles two-thirds of customer service chats, with satisfaction levels matching human agents.
The chatbot could potentially boost Klarna's profits by $40 million in 2024 through enhanced customer service.
Above the Law
1 month ago
Artificial intelligence

Redefining Legal Recruitment With AI: A Sit-Down With CTO Michael Heise

AI as strategic partner in legal recruitment
Efficiency and retention: dual advantage with AI
TechCrunch
2 months ago
Artificial intelligence

How to build the foundation for a profitable AI startup | TechCrunch

Investment in AI companies has entered a cautious phase with investors becoming more wary of the AI hype and looking for companies that will turn a profit.
Building a profitable AI business poses unique challenges including high costs, talent gap, and expensive API and hosting requirements.
Column: This was the year of AI. Next year is when you should worry about your job https://t.co/wwNZeDrcmk
Los Angeles Times
3 months ago
Artificial intelligence

Column: This was the year of AI. Next year is when you should worry about your job

The biggest story in tech next year will be whether AI can turn a profit. So far, it has not been able to do so.
There is pressure for AI startups to prioritize profit over principles and find ways to automate work and cut labor costs.
moreArtificial intelligence
Nieman Lab
3 weeks ago
Media industry

The future of news is print! (In France, once every four years)

La Bougie du Sapeur only publishes an issue once every four years on February 29
The publication's content focuses on French humor and aims to be silly without being cruel
Poynter
1 month ago
Media industry

Jimmy Finkelstein defends The Messenger's business model, claims the company was on track to break even - Poynter

Messenger CEO claims the outlet would have been profitable by August if it had remained open
The company closed in January after failing to raise enough money to keep it open
MedCity News
4 weeks ago
Growth hacking

Growth or Profitability: Which One Do Investors Care More About?

Investors value growth but penalize deeply unprofitable companies.
Service components in digital health startups can impact profitability metrics during growth phases.
LogRocket Blog
11 months ago
Growth hacking

LTV:CAC ratio: Definition, strategies, and how to calculate - LogRocket Blog

My first months at a startup were scary because I lacked the knowledge that I felt like everyone around me already had.I was bombarded with terms I had never heard of.Two in particular - lifetime value (LTV) and customer acquisition cost (CAC) - kept coming up and now I wish I had understood them earlier on.
Axios
1 month ago
Public health

Why health insurers suddenly want sicker patients

Insurers are expected to generate billions in profit from the dual eligible population, despite their expensive health care needs.
Insurance plans' government segment is projected to be 65% more profitable than the commercial segment by 2027.
www.nytimes.com
1 month ago
NYC food

Can America Turn a Productivity Boomlet Into a Boom?

Many restaurants struggle with profitability due to a lack of productivity.
Kevin Rezvani had personal and business disagreements with his partners, leading him to work odd jobs to make ends meet.
The Verge
1 month ago
Podcast

Spotify's transformed podcast business may actually be profitable this year

Spotify's podcasting business is close to breakeven in Q4 2023, signaling potential profitability in the future.
Spotify's drastic changes in its podcasting arm, including job cuts and the end of exclusivity, have improved margins and increased investor confidence.
Slate Magazine
3 months ago
Podcast

What if I Told You Podcasts Aren't Doomed?

Spotify turned a profit in Q3 despite heavy investments in podcasting.
Spotify has experienced layoffs and show cancellations as it navigates its expansion into podcasting.
MedCity News
1 month ago
Fundraising

We'll See More Exits & Reduced Valuations Among Digital Health Startups This Year, Experts Say

Digital health startups may need to confront challenges head-on, including fundraising at lower valuations and considering acquisitions or exits.
Investors are prioritizing profitability over growth, making it easier for companies close to profitability or with strong unit economics to raise capital.
The Bootstrapped Founder
1 month ago
Bootstrapping

To Pivot or Not to Pivot

Mahogany expresses concern about diluting focus from Podline.fm with the new idea.
The author mentions the overwhelming demand and potential profitability of the new project, Podscan.
AdExchanger
1 month ago
Digital life

Selling The New Internet On The Internet; Here Come The Olds | AdExchanger

The Browser Company (TBC) is backed by prominent tech figures but faces challenges in achieving profitability.
Social media companies are implementing parental control features, but adoption rates are low.
Axios
1 month ago
Health

The health care problems that money doesn't want to solve

Serious mental illness and addiction are not profitable to treat in the private market.
Behavioral health care faces unique challenges, including complex conditions and poorly paying government insurance.
Yanko Design - Modern Industrial Design News
2 months ago
Design

Fossil will no longer make smartwatches, implies weak market for designer wearables - Yanko Design

Smartwatches have become more fashionable thanks to collaborations between tech companies and fashion brands, but profitability remains a challenge.
Fossil has decided to exit the smartwatch market and focus on designer products instead.
TechCrunch
2 months ago
Startup companies

Delivery startup Veho makes corporate job cuts | TechCrunch

Veho, a package delivery company, has laid off about 65 employees, representing 19% of its workforce.
The layoffs were part of a reorganization aimed at improving efficiencies and accelerating profitability.
The company had previously experienced significant growth, raising over $300 million in venture capital funding.
Investing.com South Africa
2 months ago
Privacy technologies

Meta Platforms target lifted at Citi as newer ad products attracting 'greater demand'

Citi analysts raised their price target for Meta Platforms to $440 from $425, maintaining a Buy rating on the stock.
The analysts believe that Meta's newer ad products are attracting greater demand.
Modern Retail
2 months ago
Marketing

DTC Briefing: Why brand operators can't stop talking about contribution margin

Contribution margin is becoming an increasingly important metric for DTC startups.
Tracking contribution margin can help brands grow more efficiently.
Los Angeles Times
3 months ago
LA Dodgers

Patch work, field work: How Dodgers could make Shohei Ohtani's contract pay for itself

The Dodgers believe that signing Shohei Ohtani will be a profitable move both on and off the field.
The Dodgers' legacy and branding in Japan combined with Ohtani's popularity will expand the team's reach and benefit baseball as a whole.
www.nytimes.com
3 months ago
New York City

It Took 10 Years to Grow This Christmas Tree. The Price? $105

Farmers face significant risks in growing Christmas trees, as there is no way to insure against extreme weather or supply chain disruptions.
Despite the risks, Christmas trees remain a profitable crop for farmers, with demand soaring during the pandemic.
Los Angeles Times
3 months ago
Artificial intelligence

Column: This was the year of AI. Next year is when you should worry about your job

The biggest story in tech next year will be whether AI can turn a profit. So far, it has not been able to do so.
There is pressure for AI startups to prioritize profit over principles and find ways to automate work and cut labor costs.
AdExchanger
3 months ago
Marketing tech

Blue-Chip Or Green-Chip Agency Accounts; Google's Epic Mistake | AdExchanger

Coveted blue-chip accounts on Madison Ave may not always be highly profitable for agencies.
US District Court Judge accuses Google of intentionally deleting material evidence in antitrust suit with Epic Games.
www.nytimes.com
3 months ago
Artificial intelligence

Opinion | Sam Altman, Sugarcoating the Apocalypse

OpenAI was founded as a nonprofit organization to ensure the safe development of AI technology
OpenAI has shifted its focus to profitability and is now creating AI technology for commercial purposes
The Motley Fool
4 months ago
Business

Amazon Stock: Buy, Sell, or Hold? | The Motley Fool

Amazon's stock has had an impressive run this year, up 71% as of the writing of this article.
The company reported strong third-quarter financial results, exceeding analyst expectations.
The North America segment of the business has seen significant improvement in profitability.
www.nytimes.com
9 months ago
Tech industry

Twitch Star Signs $100 Million Deal With Rival Platform

One of Twitch's most popular streamers said on Friday that he was joining a rival streaming platform, Kick, in a significant blow to the Amazon-owned site and a sign of its increasingly strained relationship with content creators.Felix Lengyel, a Canadian known online as xQc, is signing a two-year, roughly $70 million contract, with incentives that could push the total to about $100 million, said his agent, Ryan Morrison.
Chicago Tribune
9 months ago
Chicago

Op-ed: Do we want the Bears to trample Arlington Heights?

I've lived in Arlington Heights most of my life.Elementary school at St. James, swimming lessons at Rec Park, graduation at Arlington High School, caddying at Rolling Green Country Club.My first job was delivering the Arlington Day newspaper on my bike.My second was picking up empty beer bottles and emptying ashtrays at Beverly Lanes.
Exchangewire
10 months ago
Marketing tech

PubMatic & Havas Media Help Brands Exceed Viewability Target in Cookieless Environments

PubMatic, an independent technology company delivering digital advertising's supply chain of the future, and Havas Media today (May 23rd, 2023) announced the results of a new joint solution that exceeded viewability targets in cookieless environments.Data from Havas Media reveals that campaigns powered by the new integrated solution achieve a video completion rate of 73% (vs. a target of 70%), with viewability at 77% (vs. a target of 70%).
HousingWire
10 months ago
Real estate

Flagstar's EVP on the company's future with NYCB, Signature

Flagstar Bank, a top-25 U.S. mortgage lender, recently participated in two M&A deals.In December 2022, the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year.In March 2023, Flagstar surprised the market amid the banking crisis by acquiring some assets, liabilities and deposits ofSignature Bank from the Federal Deposit Insurance Corporation ( FDIC).
The Motley Fool
10 months ago
Artificial intelligence

Alphabet Just Gave Investors 191 Million Reasons to Buy Its Stock | The Motley Fool

This wasn't supposed to happen.Given the weakness in the advertising market, Alphabet wasn't supposed to have a strong first quarter.But it did.And now, after many investors had lost interest in the tech giant because it looked to be trailing in the artificial intelligence (AI) race, some may be reconsidering.
IndieWire
11 months ago
Independent films

Why Can't You Get Disney+ with Ads on Roku?

Ad-supported Disney+ is the only tier of any major streaming service not currently available on Roku, the No. 1 device-maker in the U.S.

Why isn't Disney+ with ads on Roku yet?It's a match made in streaming heaven: Roku is the No. 1 streaming portal in the U.S. with 40 percent market share, according to a Q3 Parks Associates survey.
Alleywatch
9 months ago
NYC startup

Lalo Raises $10.1M for its Baby and Toddler Brand That Offers Thoughtfully-Designed and Safe Products

With the closing of Babies "R" Us and uncertainty looming for Buy Buy Baby with the bankruptcy of parent company Bed Bath and Beyond, there is a tremendous void for parents looking for trusted products for their little ones.Lalo is a modern, direct-to-consumer brand for baby and toddler products, offering a comprehensive line that's safe, aesthetically pleasing, and enduring products.
www.housingwire.com
9 months ago
Real estate

Roostify's platform delivers an efficient experience for borrowers and LOs

The acquisition of Roostify by CoreLogic aims to streamline the user experience in the mortgage application process.By incorporating Roostify's mortgage application software into CoreLogic's suite of products, clients can benefit from an end-to-end integrated workflow to the loan origination process.
AdExchanger
9 months ago
Marketing tech

Streamers Fight For Subs On National Streaming Day | AdExchanger

Over the long weekend, the weather in New York City was beautiful ... but rather than taking in the sunshine, some of us (yes, me) spent most of their time in bed taking advantage of big discounts on streaming services.In honor of National Streaming Day - an informal holiday cooked up by Roku in 2014 that takes place every May 20 - several streaming services celebrated by slashing the price of their subscriptions.
AdExchanger
9 months ago
Marketing tech

Alternative IDs Under Fire In Europe; This Is What Stream Dreams Are Made Of | AdExchanger

Here's today's AdExchanger.comnews round-up... Want it by email?Sign up No Alternative here.Third-party cookies are not the future of digital advertising in the EU (or anywhere for that matter).But it looks like alternative IDs may not be either.European publishers are pushing back against alternative IDs that use publisher data to build third-party audiences, saying these solutions perpetuate digital advertising's worst practices, Digiday reports.
www.fastcompany.com
10 months ago
Artificial intelligence

Mobile game maker PlayStudios uses AI to report Q1 earnings, cloning the CEO's voice

Corporate earnings calls don't usually turn a lot of heads.But PlayStudios' reporting of its first quarter results Tuesday is an exceptionand the numbers will have little to do with it.As analysts and investors listened to the first half of the call, assimilating datalike the quarterly revenues hitting $80.1 million compared to an expected $73.4 millionthey likely had no idea that the words and speakers they were hearing were entirely generated by artificial intelligence.
Digiday
10 months ago
Media industry

Why BuzzFeed News couldn't replicate HuffPost's business model

In April 2022, BuzzFeed Inc. reorganized its business team to have the staffers who helped HuffPost reach profitability in 2021 do the same for BuzzFeed News - the only arm of the company that was still unprofitable.It was the first time that a sole team would be dedicated to monetizing BuzzFeed News and the company gave the division just one year to become profitable.
Hogs Haven
9 months ago
Washington Redskins

The 5 O'Clock Club: Let's eliminate the NFL draft!

The 5 o'clock club is published from time to time during the season, and aims to provide a forum for reader-driven discussion at a time of day when there isn't much being published.Feel free to introduce topics that interest you in the comments below.CLICK HERE to see the full 5 o'clock club archive
Dave Mangels of Bleeding Green Nation recently published an article in which he exhorted the NFL to "introduce a little anarchy" but introducing some huge changes to the way the league carries on its business.
www.housingwire.com
9 months ago
Real estate

HomeServices of America ups its stake in Title Resources Group

Title Resources Group (TRG), a leading title insurance underwriter, announced on Monday that HomeServices of America, a Berkshire Hathaway affiliate and one of the nation's largest residential real estate companies, has increased its ownership stake in TRG.This move further solidifies the partnership between the two industry leaders, according to a press release from the companies.
www.housingwire.com
10 months ago
Real estate

Lender Price launches new tool to automate base pricing

Lender Price, a leading provider of mortgage loan product and pricing technology, has launched Base Price Solution (BPS), a new pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies.With the new product, lenders have the ability to quickly generate base pricing, which eliminates the need for multiple spreadsheets used to calculate pricing market swings.
www.housingwire.com
10 months ago
Real estate

Fintech Maxwell acquires mortgage solutions provider LenderSelect

Wells Fargo-backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank.The financial terms of the transaction have not been disclosed.The deal, announced on Tuesday, expands Denver, Colorado-based Maxwell's secondary market trading platform and brings hundreds of new clients to the company's other solutions.
www.housingwire.com
10 months ago
Real estate

FHFA seeks input on GSE single-family pricing framework

The Federal Housing Finance Agency (FHFA) announced on Monday it issued a request for input (RFI) regarding government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac's single-family pricing framework.The goal is to gather public feedback on the goals and policy priorities that FHFA should pursue in its oversight of the pricing framework, the agency said.
HousingWire
10 months ago
Real estate

Troubled Blend at risk of getting delisted from NYSE

California mortgage tech firm is at risk of getting delisted from the New York Stock Exchange (NYSE) as a consequence of the company's stock price slumping below $1 for more than a month.Blend announced on Thursday that it received notice on April 28 from the NYSE that it was not in compliance with the stock exchange's bylaws, which state that a company could be de-listed if its common stock traded below $1.00 for more than 30 trading days.
HousingWire
10 months ago
Real estate

Rocket reports big losses for third consecutive quarter

Elevated rates hurt Rocket Companies, the parent of Rocket Mortgage, again in the first quarter of 2023.Rocket has been cutting expenses and targeting purchase business, but the firm was unable to achieve profitability in Q1 in a shrinking mortgage market.The Detroit-headquartered lender sustained a $111 million adjusted net income loss in the first quarter, following a $197 million loss in the fourth quarter.
www.independent.co.uk
9 months ago
UK news

Post Office should be ended in current form' after Horizon scandal tax expert

The Post Office should be ended in its current form and run as a mutual, according to the head of non-profit organisation Tax Policy Associates.Dan Neidle, tax lawyer and founder of the group, described the Post Office Horizon scandal as the single greatest challenge to the rule of law.The scandal saw more than 700 Post Office branch managers handed criminal convictions after faulty Fujitsu accounting software made it appear as though money was missing.
www.independent.co.uk
9 months ago
UK news

UK pubs and restaurants plead for government action on energy as bills soar 81%

UK pubs, bars and restaurants revealed their average bills have surged 81 per cent over the past year as firms make further pleas to the government for support.Industry bodies have revealed that less than a third of hospitality businesses are optimistic about their future after swallowing mammoth energy price increases, as well as more expensive food and wage bills.
www.independent.co.uk
9 months ago
UK news

Pubs and restaurants plead for Government action on energy as bills soar 81%

UK pubs, bars and restaurants revealed their average bills have surged 81% over the past year as firms make further pleas to the Government for support.Industry bodies have revealed that less than a third of hospitality businesses are optimistic about their future after swallowing mammoth energy price increases, as well as more expensive food and wage bills.
www.nytimes.com
10 months ago
NYC real estate

Where Are the Most Profitable Beach Houses?

As much as we love booking vacation houses at the beach, paying steep daily rates doesn't exactly spark joy.But if you're fortunate enough to own such a place, renting it out short-term can generate substantial revenue.In a recent study, AirDNA, a company that analyzes Airbnb data, found the U.S. vacation rental markets where landlords are likely to see the largest annual profits.
www.independent.co.uk
10 months ago
France news

European markets slip back amid worries over US debt ceiling

London stocks slid on Tuesday afternoon as concerns over the US debt ceiling spilled over into Europe.The FTSE 100 kept it head above water during morning trading but dropped into the red as Janet Yellen, secretary to the US Treasury, met President Joe Biden and Republican speaker of the House of Representatives Kevin McCarthy.
GSMArena.com
10 months ago
Mobile UX

Kyocera stops making phones for consumers

Today Kyocera has announced that it's officially leaving the consumer mobile phone business, after a struggling period in which the company amassed a JPY 2.27 billion ($16.6 million) loss this February.In other news, it looks like Kyocera was still making phones - even though you, like us, may not have heard of any in the past few months (or years).
GSMArena.com
11 months ago
Mobile UX

Canalys: Chinese smartphone market declines 11% in Q1, Apple on top

Canalys reported the Chinese smartphone market contracted by 11% in Q1 on a yearly basis, following a wider trend around the world.According to the data, it was the worst Q1 period since 2013.Shipments in the first quarter were 67.6 million, 11% down from the same period last year.Apple went through it with relatively minor 3% decrease in sales, which helped it overtake Oppo for the lead.
GSMArena.com
11 months ago
Mobile UX

Samsung posts solid smartphone sales in Q1, but overall profits plummet

Samsung published its financial report for Q1 2023, and as the guidance warned profits plummeted to levels unseen in the past 15 years.Operating profit between January and March went down 18% YoY, while profit shrank from KRW 14.12 trillion to KRW 0.64 trillion - a stunning drop of 95%.Samsung is expecting global demand to rebound in the second half of the year, which would assist its recovery.
GSMArena.com
11 months ago
Mobile UX

Samsung posts solid smartphone sales in Q1, but overall profits plummet

Samsung published its financial report for Q1 2023, and as the guidance warned profits plummeted to levels unseen in the past 15 years.Operating profit between January and March went down 18% YoY, while profit shrank from KRW 14.12 trillion to KRW 0.64 trillion - a stunning drop of 95%.Samsung is expecting global demand to rebound in the second half of the year, which would assist its recovery.
Coindesk
10 months ago
Cryptocurrency

Paradigm-Backed NFT Ownership Platform Tessera is Shutting Down

Tessera, a protocol that enables collective ownership and governance of non-fungible tokens ( NFTs), is winding down its operations over the next few weeks, co-founder Andy Chorlian tweeted on Friday.Chorlian, who co-founded the company alongside Nejc Krajnik in 2021, said that the decision was made after "carefully analyzing possible market scenarios, our company structure and our financial situation."
NESN.com
10 months ago
Boston Red Sox

Betting Public Has Joined Red Sox Fans In Rooting For Masataka Yoshida

Masataka Yoshida doesn't just have the support of the Boston Red Sox clubhouse after an impressive start to the 2023 MLB campaign, but the first-year talent also has gained plenty of backers on the betting board.Yoshida currently has the shortest odds to American League MVP at BetMGM and a number of other sportsbooks.
SFGATE
10 months ago
San Francisco

Bay Area bioscience company cuts 25% of workforce

Google Streetview A large bioscience employer in South San Francisco has laid off around 25% of its workforce.Twist Bioscience laid off around 270 employees, the San Francisco Business Times first reported.While revenue at the company is up, reducing its headcount is a cost-cutting measure as it strives for profitability.
IPWatchdog.com | Patents & Intellectual Property Law
10 months ago
Intellectual property law

High Ratio of U.S. Trademark Registrations to Assets Increases Annual Value

"The researchers found that analysts consistently undervalue companies with significant numbers of trademark registrations in the analysts' earnings forecast."Brands - legally protected as trademarks - have value.We all understand that intuitively.Registering brands as federal trademarks also provides significant legal benefits, such as the presumption of ownership, validity, and nationwide priority in the mark.
The Motley Fool
10 months ago
Startup companies

The Best Stocks to Invest $50,000 in Right Now | The Motley Fool

Provided you have all your financial bases covered, investing can be one of the best ways to generate wealth and put yourself on a path to financial freedom.If you have $50,000 available to invest, that represents a strong starting point, and it has the potential to grow into a much larger amount over time if you back the right companies.
www.cbc.ca
10 months ago
Canada news

JPMorgan Chase to buy distressed First Republic Bank in deal brokered by U.S. regulator | CBC News

Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S. San Francisco-based First Republic is the third midsize bank to fail in two months.San Francisco-based First Republic is the third midsize bank to fail in two months.
www.mercurynews.com
11 months ago
East Bay (California)

Foot Locker is closing 400 stores. Why they may become an eyesore

Two major retail chains are closing roughly 800 stores.One company's spaces likely will be filled, while the other's may become empty, and unsightly, zombie stores.Retailers are already lining up to take over the approximately 400 shuttering Bed Bath & Beyond stores in strip malls, where customers can easily park in front.
www.cnn.com
1 year ago
US news

Foot Locker is closing 400 stores. They may become an eyesore

Two major retail chains are closing roughly 800 stores.One company's spaces likely will be filled, while the other's may become empty, and unsightly, zombie stores.Retailers are already lining up to take over the approximately 400 shuttering Bed Bath & Beyond stores in strip malls, where customers can easily park in front.
IndieWire
10 months ago
Independent films

This Could Be a Make or Break Emmys Season for Peacock and Paramount+

Though Peacock and Paramount+ have struggled through the streaming wars, they may find redemption in the form of some of their key Emmys contenders.The third time at the Emmys may be the charm for Peacock and Paramount+.Often used as punchlines in conversations about the streaming wars, as their subscriber numbers still pale in comparison to behemoths like Netflix and Disney+, the two services seem to have quelled their growing pains by ending the fiscal year strong, and entering 2023 with their most successful programming yet both critically and commercially.
Entrepreneur
10 months ago
Marketing

3 Ways to Predictably Boost Revenue and Drive Profitability | Entrepreneur

Opinions expressed by Entrepreneur contributors are their own.If you ask the majority of marketing teams what their main focus is, they will probably tell you it's to " acquire customers."Getting new people to visit your website and buy your products or services for the first time is definitely one of the most important things a business must focus on.
www.nytimes.com
10 months ago
Tech industry

Uber's Revenue Up 29% as U.S. Ride-Hailing Business Improves

Uber said on Tuesday that its revenue grew 29 percent in its most recent quarter as the company benefited from a series of investments in new services, as well as the continued return of drivers to its ride-hailing business.The company said it had $8.8 billion in revenue, roughly in line with investors' expectations.
HousingWire
11 months ago
Real estate

Blend CEO on the firm's runway, vision and shifting priorities

Mortgage tech company Blendincurred a whopping $769 million loss in 2022, leading some mortgage tech analysts to question the company's runway and survivability.Nima Ghamsari, CEO and co-founder of Blend, acknowledged that the company was focused on "too many things" a year ago.But Blend is now focused on cutting costs, growing its mortgage business and its Blend Build platform - which Ghamsari noted will be the future platform of mortgages and consumer banking products.
HousingWire
11 months ago
Real estate

Big Four executives bemoan housing market conditions

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms' first quarter 2023 earnings with investors Thursday morning."The sharp decline in affordability driven by mortgage rates above 6%, along with low inventory and elevated home prices, adversely impacted the housing market, and as a result, our residential purchase business," Ken DeGiorgio, the CEO of First American, told investors Thursday morning.
HousingWire
11 months ago
Real estate

NYSE American to delist Impac's common stock

California-based Impac Mortgage Holdings, a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. has started the proceedings to delist its common stock from the exchange, suspending its trading immediately.Impac does not intend to appeal the determination, the company said in a filing with the U.S. Securities and Exchange Commission (SEC).
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