As the economic rebound gives way to a potential recession, big U.S. banks' second quarter profits are anticipated to decline dramatically from a year earlier on increasing loan loss reserves. ...
JPMorgan Chase reported on Thursday that the bank's second-quarter profit fell as it increased reserves for bad loans by $428 million while discontinuing share repurchases. In a statement, he sai...
Many African fintech firms that provide virtual dollar card services informed their customers through email on Friday that their services would be discontinued effective on Saturday, July 16,...
After Weber abruptly announced that CEO Chris Scherzinger is leaving amid declining demand for its goods in shops and online, shares of the company fell more than 20% in premarket tra...
One of Egypt's leading startups, Cartona, recently raised $12 million in Series A funding to digitize the conventional trading industry, which includes mom-and-pop shops, The SANAD Fund for M...
Netflix's top 10 movies in early May, 2022, included the popular Nigerian movie Blood Sisters, which came in at number 9. The film, at the time, received favorable reviews from cr...
Eyowo, the digital bank, recently put an end to swirling rumors suggesting an impending shutdown by releasing an official statement via its Twitter handle. The company is set to undergo internal chang...
As shoppers resorted to the discounter for food and necessities, Walmart reported on Tuesday that sales increased by more than 8% but that profitability dropped in the fiscal second quarter. In p...
The U.S. Department of Education announced in a press release on Tuesday, that it intended to forgive all federal student loans that 208,000 borrowers received for attending ITT Technical Institut...
Spleet recently raised $2.6 million in a seed funding round, which was led by MaC Venture Capital, to expand its operations. Several other investors participated in this round, including Noemis Vent...