Posts with tag: efficiency
Live Oak Bancshares reports $9.9 million net income in Q4, beating revenue estimates with $243.2 million and net revenue of $128.1 million.
Published on: January 22, 2025, 10:06 PM UTC
Puma Reports Lower Profits, Announces Cost-Cutting Plan to Boost Margins
Published on: January 22, 2025, 06:01 PM UTC
China will grant foreign financial institutions same treatment as domestic companies to offer new financial services in free trade zones
Published on: January 22, 2025, 11:00 AM UTC
US stocks climbed on Tuesday as investors assessed President Donald Trump's first-day executive orders, including possible tariffs on Mexico and Canada. The Dow Jones Industrial Average and S&P 500 gained around 0.5% and 0.4%, respectively, while the Nasdaq Composite rose about 0.5%.
Published on: January 21, 2025, 03:01 PM UTC
Zomato and Swiggy shares plunge as competition intensifies in India's food delivery market. Zomato's profit declines, and the company warns of more losses in rapid commerce.
Published on: January 21, 2025, 08:01 AM UTC
Eurasia Group founder Ian Bremmer believes the US and China are headed for a trade war in 2023, with China unwilling to capitulate to new US tariffs due to economic challenges.
Published on: January 21, 2025, 07:01 AM UTC
Billionaire wealth surged in 2024, while poverty levels remain stagnant, according to Oxfam International. As the World Economic Forum convenes in Davos, concerns arise about wealth inequality and the growing power of the ultra-rich. Oxfam calls for government action to address the gap through taxation and economic reform.
Published on: January 20, 2025, 03:01 AM UTC
President Joe Biden is leaving his successor, Donald Trump, with a strong economy, possibly the best since George W. Bush took office in 2001. Unemployment is low, COVID-era disruptions are largely over, and consumers have the spending power to keep the economy growing. However, Trump will also face challenges such as a possible resurgence of inflation, surprisingly high interest rates, and a gigantic national debt.
Published on: January 18, 2025, 07:00 PM UTC
The Consumer Financial Protection Bureau (CFPB) has been a target of Republican criticism. As Donald Trump prepares to take office, questions linger about the future of the agency, with some anticipating a more restrained CFPB and others expecting a more significant dismantling. Former director Kathy Kraninger predicts a "less activist" approach, while consumer advocates worry about the agency being effectively shut down. Trump's first term included efforts to roll back CFPB enforcement actions and change its name. However, some experts argue that the agency has survived and continues to scrutinize the banking industry.
Published on: January 18, 2025, 02:00 PM UTC