Robinhood is cutting 23% of its full-time staff
Robinhood Markets is cutting about 23% of its full-time staff as the flashy online brokerage continues to reel from a sharp slowdown in client trading activity. The job cuts mark the second round of layoffs this year at Robinhood, which in April cut its workforce by about 9%. Combined, the two rounds have cut more than 1,000 jobs at the company. The layoffs are accompanied by a broader company reorganization, Vlad Tenev, Robinhood’s chief executive, said in a message published on the company’s blog. In the statement, Tenev said the previous round of layoffs in April “did not go far…
Read More »DISH Network reports financial results for the second quarter of 2022
ENGLEWOOD, Colo., August 3, 2022 /PRNewswire/ — DISH Network Corporation (NASDAQ: DISH) total reported income 4.21 billion dollars by the end of the quarter June 30, 2022compared to 4.49 billion dollars for the corresponding period in 2021. Total net revenue attributable to DISH Network 523 million dollars for the second quarter of 2022, compared to 671 million dollars for the quarter of a year. Diluted earnings per share were $0.82 for the second quarter, compared to $1.06 per share during the same period in 2021. pay TVPay TV net subscribers decreased approximately 257,000 in the second quarter, compared to a…
Read More »Nintendo releases financial results for the first quarter of fiscal year 2022 – News
Considering gas is $7.30 a gallon if the news editor had a car, is it any wonder North America is down? Publicly traded Nintendo released its official financial results for the April-June quarter (the first quarter of the company’s fiscal year) a few hours ago, with recession fears prompting another company to report below the same period last year. All financial indicators reported in yen, only a rate of 133.103 yen to 1 US$ is used for comparison. Financial indicators Operating income: ¥101.647 billion (~US$763.671 billion), down 15.1% year-over-year Ordinary income: ¥166.723 billion (~US$1.253 billion), up 29.6%; this is due…
Read More »GlycoMimetics reports Q2 2022 financial highlights and results
ROCKVILLE, Md.–(BUSINESS THREAD)–GlycoMimetics, Inc. (Nasdaq: GLYC) today reported its financial results and highlights for the second quarter ended June 30, 2022. Cash and cash equivalents at the end of the quarter were $60.2 million. “During the second quarter, we advanced the transformation from a research company to a commercial-focused organization and are encouraged by the continued progress of our pivotal Phase 3 trial of uproleselan in relapsed/refractory AML,” he said Harout Semerjian, CEO. . “The FDA’s clearance of the IND for GMI-1687 demonstrates our ability to create and advance innovative drug candidates into clinical development. GMI-1687 is now ideal for…
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Kansas voters reject anti-abortion amendment to state constitution
Kansas voters have rejected a proposal by the state’s Republican-controlled legislature to amend the state constitution in a way that would have cleared the way for lawmakers to ban or restrict abortion. The referendum was the first electoral test of public opinion in the United States since the Supreme Court removed federal protections for the procedure in June. As of Wednesday morning, with 96 percent of the vote counted, the No campaign led by 59 percent to 41 percent, pointing to a crushing defeat for Republicans and anti-abortion activists who had supported the so-called amendment Rate them both. US President…
Read More »BERA delivered 391% ROI for predictive branding technology, linking data-driven branding decisions to improved business and financial results
NEW YORK–(BUSINESS THREAD)–BERA.AI (“BERA”), the leading provider of brand predictive technology, today released the results of a Total Economic Impact (TEI) study commissioned by Forrester Consulting. The multi-company analysis spanned several B2C and B2B industries selling at different price points and geographies. According to the study, “Representative interviews and financial analysis found that a composite organization experiences benefits of $9.54 million over three years compared to costs of $1.94 million, which add up to a present value net (NPV) of $7.60 million and an ROI of 391%.” BERA has collected nine years of weekly customer and non-customer information from the…
Read More »GM Financial’s second-quarter profits fall
GM Financial’s net income fell 30 percent in the second quarter as the lender’s lease portfolio continued to shrink and bookings levels fell from a year earlier. Second-quarter net income declined to $829 million from $1.18 billion in the second quarter of 2021, the company said in a statement last week. For the full year, GM Financial expects earnings between $3.5 billion and $4 billion. In the first quarter, GM Financial earned net income of $962 million. During the quarter, the General Motors captive originated $3.87 billion in leases, down 34% from a year earlier, and $8.96 billion in loans,…
Read More »UK Islamic Finance Market Report 2022-2027: Growing Awareness of Islamic Finance Market by Large Financial Institutions Driving Expansion – ResearchAndMarkets.com
DUBLIN–(BUSINESS THREAD)–The “UK Islamic Finance Market: Growth, Trends, Impact of COVID-19 and Forecasts (2022-2027)” the report has been added ResearchAndMarkets.com’s offers The pandemic has provided another opportunity for Islamic finance to demonstrate its potential and shine. The Islamic financial system is based on the principles of shared risk, ethics and morality, which equip it to act as a potential warrior to safeguard the interests of the poor and vulnerable in crisis situations. Islamic finance has developed rapidly in the UK over the past decade (2011-2021) and the government has been very supportive of its development and promotion. The UK hosted…
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