Latest in Profit Lends
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JPMorgan Chase sets aside $50bn for direct lending in private credit push
Move by Wall Street bank comes as increasing number of groups bypass traditional debt marketsFinancial Times - 1d -
Profits, Not D.E.I., Are Why Companies Exist
An awkward truth has become evident in the first days of the Trump administration, as many firms mute their commitments to diversity and sustainability.The New York Times - 4d -
Block shares fall on profit, revenue miss
Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.CNBC - 4d -
Ignoring science for profit will have deadly consequences for America
We cannot sell out their climate future for the continued profits of powerful business interests.The Hill - 1d -
Walmart shares drop as retailer says profit growth will slow
Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.CNBC - 4d -
Rivian keeps promise on making a profit, but here’s why the stock is falling
Rivian Automotive Inc. makes good on its promise to get to its first quarterly gross profit and blows past Wall Street estimates for its sales.MarketWatch - 4d -
Videogame giants are spending more money but losing players — and profits
Sony, Electronic Arts and Ubisoft reflect an industrywide misunderstanding (or perhaps disregard) of what gamers value.MarketWatch - 2d -
Shein profits slump in fresh challenge to long-planned London IPO
Competition from Temu adds to pressure on fast-fashion group’s valuation as it seeks approval for UK listingFinancial Times - 2d -
Carmakers turn to new hybrid and petrol models to bolster profits
Investments continue in combustion and hybrid engine vehicles amid lengthy wait for EVs to become mainstreamFinancial Times - 2d -
Low-cost carrier FlyDubai sees record $611 million profit in 2024
The low-cost carrier FlyDubai says it earned a record-breaking profit of $611 million in 2024, buoyed by higher passenger numbers and lower fuel costsABC News - 1d -
Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings
Warren Buffett’s conglomerate held $334 billion in cash at the end of 2024, helping to stabilize earnings in the face of declines at more than half of the nearly 200 businesses it operates.The New York Times - 1d -
‘Overjoyed’: US lottery winner pledges to give part of $328.5m prize to non-profits
Abbas Shafii says he plans to travel, invest and share Powerball prize with non-profits ‘close to [his] heart’. What would you do if you won hundreds of millions of dollars playing the lottery? A ...The Guardian - 6h -
How digitally native companies like Rothy's are growing profitably in a new era for retail
Flats maker Rothy's is growing profitably after expanding into wholesale and building its store fleet. In 2024, it saw sales grow 17%.CNBC - 1h -
How digitally native companies like Rothy's are growing profitably in a new era for retail
Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO.NBC News - 47m
