The digital remittance landscape is rapidly evolving, and amidst this backdrop, British fintech Zepz (formerly known as WorldRemit) is undertaking significant restructuring efforts. This restructuring has, unfortunately, resulted in the layoff of approximately 200 employees, which is about 20% of its global workforce. Such drastic measures are pivotal for the company’s future as it navigates
On a recent Tuesday, Kering, the illustrious French luxury goods conglomerate, unveiled its fourth-quarter sales results, which, while surpassing some analyst projections, were uninspiring in comparison to previous years. This highlights a troubling narrative for the iconic group, whose portfolio includes illustrious labels such as Gucci, Bottega Veneta, Balenciaga, and Alexander McQueen. The reported quarter’s
DBS Bank reported an exceptional financial performance in 2024, with net profits soaring to an all-time high. Under the leadership of CEO Piyush Gupta, the bank recorded an 11% increase in its annual net profit, reaching a remarkable 11.4 billion Singapore dollars (approximately $8.4 billion). This achievement was bolstered by a robust revenue growth of
In a landscape characterized by uncertainty, transition, and the inevitable push toward electric vehicles (EVs), Stellantis has made headlines with its bold advertising strategy during Super Bowl 59. The automaker, born from a merger between Fiat Chrysler and PSA Group, demonstrated a commitment to reviving its presence in the U.S. market amid the dramatic exit
In a surprising move, former President Donald Trump has called for an end to the production of new pennies in an effort to combat what he considers “wasteful” government spending. His statements reveal not only his belief that the manufacturing of pennies is an unnecessary expenditure, but also that it reflects a broader view on
The U.S. housing market, already grappling with the effects of high mortgage interest rates and a constrained supply of homes, now faces the additional burden of tariffs on essential building materials. This combination of factors complicates an already precarious situation for homebuyers and builders alike. The impacts of these tariffs are profound, as they add
In recent months, egg prices in the United States have surged to unprecedented heights, as the country grapples with a significant bird flu outbreak. This crisis is not just a blip on the radar; it has transformed the landscape of poultry farming and has left consumers facing steep price hikes at grocery stores. For instance,
In the current financial climate, marked by fluctuations and evolving consumer preferences, certain stocks that previously appeared robust are now creating unease among investors. Notable mentions this year are McDonald’s and Charles Schwab, both of which have shown initial promise with substantial market performance. Nonetheless, investment strategist James Demmert of Main Street Research has suggested
Doximity’s stock witnessed a remarkable surge of 25% in after-hours trading on Thursday following the company’s impressive fiscal Q3 2025 earnings report. The digital platform, primarily tailored for healthcare professionals, reported an earnings per share (EPS) of 45 cents, significantly exceeding analysts’ projections of 34 cents, as compiled by LSEG. Revenue also surpassed expectations, reaching
As the rental market undergoes significant fluctuations, renters should be aware that the current lower-cost rental environment may not be a long-lasting phenomenon. Experts caution that shifting economic conditions and construction trends could quickly alter the landscape, potentially leaving renters in a more challenging position in the near future. Recent statistics indicate a slight decline