Spotify: https://spoti.fi/2vOzMdh Apple Podcasts: https://apple.co/39Oipbx Airbnb’s history of rapid growth and profitability appears to have been replaced by slowing growth and profit struggles. The Wall Street Journal reported results from the company’s third quarter that are at once encouraging — a return to profitability — and troublesome; Airbnb’s first three quarters of 2019 are in … Read more Can Airbnb go public this year?
Spotify: https://spoti.fi/2uUtGYN Apple Podcasts: https://apple.co/2wjUlP6 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. After having a good time with NEA’s Rick Yang last week, we thought we’d bring on another venture capitalist. So this week Danny and I had Elliott Robinson from Bessemer swing over … Read more Big meditation money, new VC funds, and how do you value Airbnb?
A fire has swept through an orphanage in Haiti, killing 15 people, 13 of them children. Seven were infants or toddlers, while six were aged roughly six or seven. The orphanage is run by a US non-profit religious group, and is reported to have been unlicensed. The cause of the fire is not clear but … Read more Haiti orphanage fire: 13 children killed in blaze near capital
Feb.14 — Royal Bank of Scotland Group Plc Chief Fincancial Officer Katie Murray discusses cost cuts and the low interest-rate environment as the state-controlled lender beat consensus estimates with an operating profit before tax of 1.55 billion pounds ($2.02 billion) in the fourth quarter. RBS, which will be renamed NatWest Group Plc, is almost halving … Read more RBS Will Continue to Reshape Cost Base for a Number of Years: CFO
News video embedded from Bloomberg: Feb.12 — Clifford Abrahams, chief financial officer at ABN Amro, discusses fourth-quarter earnings, dividend payouts and cost savings. He speaks on “Bloomberg Daybreak: Europe” after net compliance costs and writedowns weighed on profit at the state-controlled Dutch bank. Bloomberg
Biotech company CSL announced an 11% increase in profit, but CBA holds on in terms of market value. Meanwhile, economist predict Australian GDP will shrink this quarter by 0.1% due to the coronavirus. Read more here: For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe … Read more CSL profits surge while Australian economy is tipped to shrink | Finance Report
Feb.06 — Equinor ASA boosted its emissions targets just as it announced record production of oil and gas that helped it meet profit expectations in the fourth quarter. The Norwegian state-controlled oil producer now plans to eliminate net carbon emissions from its global operations by 2030 and reduce the net carbon intensity of the energy … Read more Equinor Boosts Emissions Targets as Profit Meets Expectations
Tesla fell 17 per cent last night because of profit taking, but it’s still up 75 per cent since January 1st and has set Wall Street alight. Alan compares the electric car maker to a British company 300 years ago… Read more here: https://www.abc.net.au/news/2020-02-06/wall-street-surge-tesla-plunge-coronavirus-asx-rise/11935104?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch … Read more Tesla shares dive on coronavirus update after new year gains | Finance Report
Feb.05 — Carlo Messina, chief executive officer of Intesa Sanpaolo SpA, discusses his 2020 outlook, the impact of negative rates on the industry, and Intesa’s wealth management business. He talks on “Bloomberg Surveillance” after the lender on Tuesday reported fourth-quarter profit that beat analysts’ estimates as trading surged 74% and revenue from fees and commissions … Read more Intesa CEO Sees Positive Outlook for Italy, Bank
Feb.05 — Siemens, the German industrial giant, has warned a market slump is set to continue after quarterly profit missed the street’s estimates due to a steep decline in the automotive machine-building and energy businesses. The results come on the same day as shareholders are meeting where the CEO Joe Kaeser is expected to face … Read more Siemens Faces Protests on Australian Coal Project
Feb.03 — For centuries it was considered taboo for a third-party to have a financial stake in a lawsuit. Today, thanks to an industry re-examining the relevance of legal doctrines from feudal times, a new crop of firms have sprouted to invest in lawsuits for profit. The concept, known as litigation finance, has quickly spawned … Read more How the Hulk Hogan Lawsuit Against Gawker Explains Litigation Finance