Crypto News Platforms 

Cryptocurrency platform EXMO scales profitability with margin loans

“EXMO aims to change that with the launch of the EXMO Coin to attract additional investment capital” writes Vb Staff for venturebeat.com. The value of EXMO Coin will correlate with EXMO`s overall performance, as well as exchange rates of other currencies on the platform.The company says that EXMO token value depends on factors such as the popularity of margin trading on the crypto market, as well as the speed of overall EXMO exchange platform development.Half of the investment raised through the crowdsale will be leveraged to meet the increasing demand…

Read More
News 

Tesla to cut 9pc of jobs as it seeks profitability

“Tesla announced on Tuesday that it would cut 9pc of jobs across the company” writes James Cook for telegraph.co.uk. Chief executive Elon Musk said in an internal memo that his company’s growth had lead to what he called “duplication of roles”. “Given that Tesla has never made an annual profit in the almost 15 years since we have existed, profit is obviously not what motivates us,” Musk wrote in the internal memo announcing the job cuts. “What drives us is our mission to accelerate the world’s transition to sustainable, clean…

Read More
News 

Tesla lays off 9% of its workforce in pursuit of profitability

“The company will seek to re-employ most Tesla employees at Home Depot stores at its own locations” reports venturebeat.com. (Reuters) — Electric car maker Tesla is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan. Source: venturebeat.com Share This:

Read More
News 

UBS: Sell Tesla shares because carmaker will need to raise capital in the fourth quarter or earlier

“UBS reaffirmed its sell rating for Tesla shares, predicting the company will need to raise capital by year-end” writes unknown author for cnbc.com. In April Tesla said in a statement it did not require an additional capital raise this year apart from credit lines.Later that month Elon Musk also said on social media the company had “no need to raise money.”. “The market should not ignore fundamental headwinds that persist with regard to TSLA’s Model 3 profitability, stationary storage, and solar,” he said.The analyst predicts the company will burn about…

Read More
News 

Mazda’s new CEO: ‘U.S. is the highest priority’

“Akira Marumoto, left, Mazda’s next CEO, will be tasked with executing the plan to shore up profitability started by Masamichi Kogai, right” writes Hans Greimel for autonews.com. “From now on, we are really going to be strengthening the Mazda brand,” Kogai said.Photo credit: HANS GREIMEL Akira Marumoto, left, Mazda’s next CEO, will be tasked with executing the plan to shore up profitability started by Masamichi Kogai, right. Source: autonews.com Share This:

Read More
News 

Viacom’s Paramount returns to profitability

“Viacom reported better-than-expected quarterly profit and revenue on Wednesday, as moves to sell rather than release its movies returned Paramount Pictures to profitability” reports nypost.com. Analysts on average had expected a 4.2 percent drop in domestic affiliate revenue, according to financial and data analytics firm FactSet.On an adjusted basis, the company earned 92 cents per share.Viacom, which is exploring a merger with CBS, said total domestic affiliate revenue, the fees it collects from US cable and satellite operators and online distributors, fell 4 percent to $934 million in the second…

Read More
News Stocks 

Bernstein analyst is ‘skeptical’ about Tesla Model 3’s profitability, predicts stock drop

“Bernstein reiterates its market perform rating on Tesla shares, warning investors the electric-car maker will have difficulty meeting its profit margin forecast” writes Tae Kim for cnbc.com. Sacconaghi reaffirmed his $265 price target on Tesla shares, representing 9 percent downside to Monday’s close.He doubted the company’s ability to reach its 25 percent gross profit margin target for the Model 3.The analyst said Tesla repeatedly missed its Model 3 production targets over the past year.”I think there will be worries about fundamental profitability and/or worries about quality at some point over…

Read More
News 

Etihad’s CEO says it’s still business as usual at the airline

“This is a very agile business in a very agile environment, so it’s kind of business as usual,” he said” writes Cheang Ming for cnbc.com. Etihad Airways may have faced turbulence in the last financial year, posting a $1.87 billion annual loss in 2016, but its chief executive said it was still business as usual at the Abu Dhabi airline.The airline will be cutting some of its routes in the year ahead as it continues with a review to turn its business around.The collapse in oil prices in 2016 hit…

Read More
News 

Airlines are making more money than ever — but they’re facing a mountain of problems

“Even as profitability remains solid, the problems that plague airlines have not gone away” writes Benjamin Zhang for businessinsider.com. Here’s a closer look a handful of the challenges that plague the airline industry:. The state of the airline industry is strong.The airline industry for all of its power and prestige is unique in the sheer number of factors that could negatively affect its business. Source: businessinsider.com Share This:

Read More
News 

Adidas Sales Growth Picks Up on China Strength, Retro Trend

“Rorsted discusses sales in China, the outlook for profitability, growth in the U.S. and the impact of tariffs” writes unknown author for bloomberg.com. Revenue at the German company jumped 12 percent in the fourth quarter, led by China and North America.Adidas sent a message to investors who had feared a hard landing for the company’s growth story: There’s plenty of life left in those old sneakers.Adidas is benefiting from the popularity of its retro sneakers, which helped the company steal market share from larger rival Nike Inc. and smaller competitors.The…

Read More