Profits

  • Bank profits soar to record $56 billion on tax cuts

    Bank profits soared to a record $56 billion in the first three months of 2018, federal regulators announced Tuesday, as tax cuts stoked the already hot industry. Profits would have been a record even if banks’ tax rates had remained the same, Federal Deposit Insurance Corporation Chairman Martin Gruenberg...
  • Coca-Cola profit jumps as costs fall, new drinks arrive

    NEW YORK (AP) — Coca-Cola’s first-quarter profit jumped as the company introduced new flavors and continues to discard its bottling operations. Coca-Cola’s began selling Coca-Cola Zero Sugar, a reformulated replacement for Coca-Cola Zero, in 20 markets last year. It reported a “double-digit” growth during the quarter Tuesday. The company...
  • Vivica A. Fox Supports Push for Disney to Donate ‘Black Panther’ Profits

    Vivica A. Fox raised her fist and emphatically let it be known — “Black Panther” producers, Disney, could do wonders if it donates a big chunk of money to the African-American community. We got Vivica Monday at LAX and she threw her support behind the Change.org petition for Marvel and...
  • The IRS wants to know….Are you a bitcoin user or investor ???

    Last year was a momentous one for bitcoin. The cryptocurrency began the year at just under $1,000 and finished at just over $14,000, posting a whopping one-year gain of nearly 1,400 percent. I can’t say if bitcoin and other cryptocurrencies such as litecoin, ethereum, bitcoin cash and ripple make for good investments. Nor can I tell...
  • Macy’s profits better than expected despite revenue drop

    Macy’s reported a bigger-than-expected drop in third-quarter comparable store sales on Thursday, but managed to grow margins and topped earnings estimates by keeping a tight hold on inventory. Department stores have been struggling with declining mall traffic and tough competition from off-price retailers and Amazon. In response, Macy’s has...
  • BMW Loses Ground to Mercedes as Auto Profitability Narrows

    •Outlook for car revenue reduced to ‘slight’ gain from ‘solid’ • BMW making ‘significant’ investment in next-generation cars BMW AG lost ground to global luxury-car leader Mercedes-Benz as profits from carmaking fell while the euro’s gains prompted the manufacturer to reduce its forecast for automotive revenue. Amid increased spending...
  • PayPal tops profit estimates, lifts target on mobile payments growth

    (Reuters) – Sharp growth in mobile payments led PayPal Holdings Inc (PYPL.O) to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year. The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas...