profit

Merchants Using WeChat Pay Grew 80 Pct YOY In Q4
Merchants Using WeChat Pay Grew 80 Pct YOY In Q4
March 22, 2019  |  Earnings

While China’s Tencent reported lower-than-expected net profits in its fourth quarter earnings, some of its emerging businesses have seen significant growth. The company revealed that its Q4...

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Amazon Blocks Product Promotions That Lose Money
Amazon Blocks Product Promotions That Lose Money
March 21, 2019  |  Amazon

In an effort to boost its bottom line, Amazon will no longer allow products that don’t turn a profit to advertise on its site. CNBC reported...

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Vodafone To Profit Off Late Payments
Vodafone To Profit Off Late Payments
March 19, 2019  |  B2B Payments

Vodafone Group has invested in a fund that makes money by paying suppliers late. The company invested €1 billion ($1.1 billion USD) into the €2.4 billion GAM-Greensill Supply...

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FDIC: Banks Pull In $237B In 2018
FDIC: Banks Pull In $237B In 2018
February 22, 2019  |  Banking

Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. 21) that the banking industry pulled in $237 billion...

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LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
February 20, 2019  |  Earnings

LendingClub shares sank on guidance that missed the Street, but management said fourth quarter lending activity was strong across personal and auto loans, even as...

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Expedia Earnings Show Downturn In Home Rentals
Expedia Earnings Show Downturn In Home Rentals
February 08, 2019  |  Earnings

Expedia saw its shares get a boost after its forecast profit was ahead of analysts’ expectations. Chief Financial Officer Alan Pickerill revealed on a conference...

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Bitcoin Daily: IBM Unveils Blockchain Projects; ICOs Notch $12.8B In ‘Team Profits’
Bitcoin Daily: IBM Unveils Blockchain Projects; ICOs Notch $12.8B In ‘Team Profits’
January 17, 2019  |  Bitcoin

IBM is planning to use blockchain to help monitor supply chains in the metals industry, CoinDesk reported. In one case, the technology company plans to...

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Eyeing IPO, Airbnb Asserts Back-To-Back Profitability
Eyeing IPO, Airbnb Asserts Back-To-Back Profitability
January 15, 2019  |  IPO

Airbnb, one of several tech giant companies potentially getting ready for an initial public offering (IPO) this year, said on Tuesday (Jan. 15) that it’s...

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SEC Eyes Amazon Prime Data
SEC Eyes Amazon Prime Data
December 26, 2018  |  Amazon

Amazon has reportedly refused to disclose information about Prime memberships to the U.S. Securities and Exchange Commission (SEC) after it was asked to do so....

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