Stocks
RealReal’s AI Overhaul Fuels 22% GMV Growth, Boosts Profitability
The RealReal's year-long AI integration, including its Athena intake system and advanced pricing algorithms, has driven a 22% year-over-year GMV increase and...
The Editorial Team 1030 articles
Economy
Jobless Claims Edge Up to 199K as Layoffs Stay Low Amid Inflation Fight
US jobless benefits filings saw a slight increase last week, reaching 199,000, though overall layoffs remain historically low. The labor market shows...
Stocks
Celestica Prices Equity Offering at $310 Per Share, Targets $3 Billion Gross Proceeds
Celestica Inc., a leader in data center infrastructure, announced the pricing of its equity offering of 9,677,419 common shares at $310 each,...
Stocks
Chime’s Direct Deposit Strategy Fuels Lending Boom, Revenue Jumps 27%
Chime Financial reported a 27% revenue increase to $670 million in Q2, driven by a 70% surge in Instant Loan originations to...
Stocks
Birks Group Director Imbriglio Resigns for Personal Reasons
Birks Group Inc. announced the immediate resignation of Director Emilio B. Imbriglio from its Board, citing personal reasons. Imbriglio had served since...
Stocks
Pattern’s AI-Driven ‘Virtuous Cycle’ Delivers Record eCommerce Growth
eCommerce accelerator Pattern reported record Q2 revenue and a record high Net Revenue Retention of 129%, driven by its AI and data-centric...
Economy
Philippine Bond Slump to Worsen on Persistent Inflation, Analysts Warn
Philippine sovereign debt faces extended pressure as sticky inflation keeps the central bank hawkish, prolonging a slump that made its bonds Southeast...
Markets
Suncor Triples Profit to $3.7 Billion, Doubles Royalties to Governments
Suncor Energy reported a tripling of its spring quarter profits to $3.7 billion, driven by strong downstream performance, enabling increased shareholder rewards...
Investing
Samsung Expands Digital Asset Footprint With Stablecoin Push, Crypto Exchange Stake
Samsung is strategically positioning itself as a leader in digital assets, integrating stablecoin support into new smartphones and acquiring a significant stake...