Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

Starbucks Uses AI-Powered Personalized Rewards to Boost Frequency and Spend
Starbucks Uses AI-Powered Personalized Rewards to Boost Frequency and Spend
January 30, 2024  |  Loyalty & Rewards

Starbucks is seeing its artificial intelligence data efforts boost its rewards program effectiveness, incentivizing consumers to spend more and visit more often. On a conference...

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UPS Package Volume Drops 7.4% in ‘Difficult and Disappointing’ 2023
UPS Package Volume Drops 7.4% in ‘Difficult and Disappointing’ 2023
January 30, 2024  |  Earnings

UPS is cutting jobs and considering selling one of its businesses as shipping volumes decline. The shipping giant will eliminate 12,000 positions — chiefly full-time and part-time...

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Delivery Hero Sells $97 Million Stake in Deliveroo
Delivery Hero Sells $97 Million Stake in Deliveroo
January 30, 2024  |  Delivery

Delivery Hero has sold its 4.5% stake in British food ordering platform Deliveroo. The Berlin-based company announced the $97 million sale of its 68 million shares in...

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SoFi New Member Additions Soared 44% Amid Strong ‘Cross-Buy’ Opportunities
SoFi New Member Additions Soared 44% Amid Strong ‘Cross-Buy’ Opportunities
January 29, 2024  |  Earnings

SoFi Technologies said in its latest earnings report that it had seen significant growth in cross-selling activity, and noted that the vast majority of its...

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CE 100 Index Advances 1.5% as Netflix Surges on Subscriber Gains
CE 100 Index Advances 1.5% as Netflix Surges on Subscriber Gains
January 29, 2024  |  Connected Economy

The earnings roll in, and the stocks gyrate — a roller coaster that happens every three months. The CE 100 Stock Index gained 1.5%, as...

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Amex: Millennial and Gen Z Spending Surges 15%, Delinquencies Up Slightly
Amex: Millennial and Gen Z Spending Surges 15%, Delinquencies Up Slightly
January 26, 2024  |  Earnings

The enthusiasm to tap into credit lines and to spend on experiences continues unabated — and has been illuminated in stark relief by the latest...

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Levi’s Direct-to-Consumer Bet Sparks Job Cuts
Levi’s Direct-to-Consumer Bet Sparks Job Cuts
January 25, 2024  |  Retail

While competitors were hustling to land deals with retailers and forge partnerships to reach more consumers, Levi’s boldly went all-in on its direct-to-consumer (D2C) strategy...

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Visa Direct Transactions Grow 20%, New Flows a $200T Opportunity 
Visa Direct Transactions Grow 20%, New Flows a $200T Opportunity 
January 25, 2024  |  VISA

Visa’s fiscal first quarter results pointed to continued growth in consumer spending — particularly on travel — though growth rates are slowing. Management, however, noted...

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LVMH Sees Strong Growth With Kohl’s-Sephora Partnership 
LVMH Sees Strong Growth With Kohl’s-Sephora Partnership 
January 25, 2024  |  Retail

Luxury goods giant LVMH, best known for brands like Louis Vuitton, Dior and Tiffany, reported a 10% surge in sales for the fourth quarter on...

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