Losses

Chinese electric-car maker XPeng seems to making progress in its bid to turn profitable this year, guiding for more sales growth after posting a sharply narrowed net loss and record-high revenue. Chinese electric-car maker XPeng seems to making progress in its bid to turn profitable this year, guiding for more sales growth after posting a sharply narrowed net loss and record-high revenue. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of…

A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating US securities laws by selling unregistered tokens that lost much of their value.In a 3-0 decision, the 2nd US Circuit Court of Appeals in Manhattan said investors in the proposed class action plausibly alleged that domestic securities laws applied because their purchases of tokens had become irrevocable in the United States once they paid for them.Elevate Your Tech Prowess with…

Many Pregnancy Losses Are Caused by Errors in Cell DivisionOdd cell divisions could help explain why even young, healthy couples might struggle to get pregnantBy Gina Jiménez Credit: ugurhan/Getty ImagesHuman reproduction is notoriously inefficient. Whereas the fertilized eggs of other animals, such as mice, usually progress to more complex embryo stages, fertilized human eggs often falter early on. For a recent study in Genome Medicine, scientists analyzed almost 1,000 embryos from in vitro fertilization (IVF) procedures…

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024.Mike Segar | ReutersRegional lender New York Community Bank finds itself in an apparently worsening predicament just as the anniversary of last year's banking turmoil nears.Shares of the troubled lender plunged 25% Friday to below $4 apiece after NYCB restated recent quarterly earnings lower by $2.4 billion, formally replaced its CEO and delayed the release of a key annual report.The most worrying development,…

Tattered Cover lost $340,000 last month and expects to remain in the red this month, a fiscal shortcoming that arrives as the bookseller is trying to chart a course to profitability. The bankrupt company took in $630,000 in January — more than it had projected it would — but spent $970,000, according to a monthly update it filed Feb. 21 with the U.S. Bankruptcy Court. That same report projects a $110,000 loss for February. “This is a seasonal business,” CEO Brad Dempsey said in an interview Monday. “Our sales essentially…

Financial Times: Klarna reports 2023 revenue up 22% YoY to ~$2.28B, a $241M net loss, down from $1.01B in 2022, with credit losses falling by 32% in 2023 to $369M — Klarna has reported a fifth straight annual loss as the Swedish fintech that was once Europe's most valuable private tech group stuck … Financial Times: Klarna reports 2023 revenue up 22% YoY to ~$2.28B, a $241M net loss, down from $1.01B in 2022, with credit losses falling by 32% in 2023 to $369M — Klarna has…

Reddit disclosed on Thursday that its net loss narrowed to $90.8 million and revenue growth was roughly 21% in 2023, as the social media company made its IPO filing public in the run-up to its highly anticipated planned US stock market debut in March. The initial public offering (IPO) filing comes almost two decades after Reddit's launch and will be a major test for the platform that still lags the commercial success of social media contemporaries such as Facebook and Twitter, now known as X.Elevate Your Tech Prowess with…

Credit: Pixabay/CC0 Public Domain When a recession takes a bite out of an entrepreneur's personal stock portfolio, does that person's business suffer more than those of older and larger competitors? New research by Marius Ring, assistant professor of finance at Texas McCombs, finds a link between the wealth of small-business owners and the health of…

DoorDash stock hit a 52-week high Thursday, but quickly fell from that peak in after-hours trading as investors digested the company’s fourth-quarter earnings.The delivery company reported a 39-cent-per-share loss, compared to analyst expectations of just 16 cents. That sent shares down more than 9.5% in the post-market at one point. The company, however, attempted to shift investor focus to the overall adjusted EBITA (earnings before interest, taxes and amortization). That number beat expectations of $356 million, coming…

Solana, one of the leading smart contract platforms, suffered a significant outage on February 7th, halting activity across its network for over 5 hours. This incident has sparked panic among investors, who are now diversifying to protect themselves against further Solana losses. One popular pick is the emerging crypto asset Retik Finance (RETIK), priced at $0.11.  The Solana Outage According to reports, the Solana outage began at 09:53 UTC and halted block production on the network. This marked Solana’s…