Markets

Australia’s business outlook is rosy for most, new ABS data shows, but arts and recreation companies still expect revenues to drop

Just 18% of Australian companies recorded a drop in revenue over March, the lowest figure since July 2020, according to the Australian Bureau of Statistics. The latest business sentiments report shows considerable optimism among sectors which have recovered from COVID-19 pandemic shutdowns. But a quarter of arts and recreation firms […]
Australia’s business outlook is rosy for most, new ABS data shows, but arts and recreation companies still expect revenues to drop
Tech

Unsealed court document claims Facebook ‘knew for years’ that a metric was inflated and ignored an employee warning to avoid a revenue hit

A judge unredacted parts of a Facebook lawsuit that claims executives knew an ad metric was inflated. Executives ignored employees’ request to fix it to avoid a “significant” sales hit, the suit claims. Potential reach, the metric under question, shows advertisers a possible audience size. Visit the Business section of […]
Unsealed court document claims Facebook ‘knew for years’ that a metric was inflated and ignored an employee warning to avoid a revenue hit
Markets

The market is rewarding investments in low-quality companies — and Credit Suisse says strong earnings may work against some stocks in 2021

Investors have been “rewarding junk and disappointment” lately in the stock market, says Credit Suisse. The firm notes stock-market outperformance for companies with heavy debt loads and other soft fundemantals, relative to those that have seen strong earnings growth. Credit Suisse says investors’ willingness to take on more risk dates […]
The market is rewarding investments in low-quality companies — and Credit Suisse says strong earnings may work against some stocks in 2021
News

Trump’s golf clubs and hotels suffered huge revenue drops in 2020, some by as much as 63%, according to a financial disclosure released hours after he left the White House

Revenues at former President Donald Trump’s hotels and golf clubs suffered during the coronavirus pandemic. Revenues at the Trump International Hotel in Washington fell 63% in 2020 compared to 2019, a financial disclosure released Wednesday revealed. Most Trump golf clubs saw revenues fall by more than 10%, and revenues at […]
Trump’s golf clubs and hotels suffered huge revenue drops in 2020, some by as much as 63%, according to a financial disclosure released hours after he left the White House
Strategy

How to identify new revenue streams and successful ventures for your business

Entertainment, travel, and hospitality industries, among others, took a hit as businesses and cities shut down across the nation. Finance experts and business owners shared tips with Business Insider on diversifying sources of revenue to make it through a tough economic downturn. Start by evaluating how your customers are reacting […]
How to identify new revenue streams and successful ventures for your business
Markets

Shopify surges 12% after crushing 2nd-quarter revenue expectations

Shopify reported second-quarter earnings results Wednesday that beat Wall Street’s expectations for revenue, which surged 97% on the year as the coronavirus pandemic boosted online sales. Shares of Shopify surged as much as 12% Wednesday. The Canadian e-commerce company has gained roughly 170% year-to-date. Watch Shopify trade live on Markets […]
Shopify surges 12% after crushing 2nd-quarter revenue expectations