Monzo, a prominent British digital challenger bank, recently made headlines by announcing its first full year of profitability. The fintech startup revealed in its annual financial report that it had achieved pre-tax profits amounting to £15.4 million ($19.6 million) during the 2023-2024 fiscal year. This marked a significant turnaround from the previous year, where Monzo
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The emergence of Financial TikTok, or #FinTok, has drawn the attention of many individuals, particularly those belonging to Generation Z. This group has shown an increasing interest in obtaining financial information, tips, and advice through various social media platforms like TikTok, YouTube, and Instagram. This shift can be attributed to the limited access this generation
In recent years, there has been a noticeable shift in the hiring practices of many companies. Instead of focusing solely on traditional metrics like education and years of experience, employers are now placing a greater emphasis on applicants’ skills. According to data from job site Indeed, the share of online job postings in the U.S.
Pfizer recently unveiled exciting news regarding its drug, Lorbrena, in the treatment of advanced lung cancer. The results of a late-stage trial showed promising long-term outcomes, positioning Lorbrena as a potential new standard in addressing this condition. The drug demonstrated the ability to extend patients’ lives without cancer progression for over five years, along with
Aston Martin, under the leadership of Executive Chairman Lawrence Stroll, is poised to achieve a significant turnaround this year. With a fresh lineup of new models and a marketing boost from Formula 1, the sports car manufacturer is anticipating to become cash-flow positive soon. Stroll emphasized the importance of this transformative moment for the company,
The importance of inflation-adjusted financial thresholds cannot be underestimated in today’s economic landscape. While many thresholds are indeed adjusted annually to keep pace with the rising cost of living, there are certain critical thresholds that remain stagnant over the years. This lack of inflation indexing can have far-reaching consequences for individuals and households, impacting everything
The Food and Drug Administration has officially approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults aged 60 and above. This marks the second product from Moderna to enter the U.S. market and comes at a crucial time for the company as demand for its Covid vaccine declines. The approval is based on a
France has been making significant strides in the field of artificial intelligence, positioning itself as the next AI superpower. At the recent Viva Technology conference in Paris, the buzz around French AI firms and their partnerships with U.S. tech giants highlighted the country’s emergence as a leader in AI. Companies like H, which secured a
Costco Wholesale managed to exceed Wall Street’s expectations in its third-quarter earnings report, showcasing strong sales growth and lower operating expenses. The company’s total revenue for the quarter reached $58.52 billion, marking a 9.1% increase from the previous year and surpassing analysts’ estimates. Additionally, earnings per share came in at $3.78, outperforming forecasts and displaying
In a recent open letter, Joe Erlinger, the president of McDonald’s USA, addressed the growing concern over the company’s pricing strategy. Contrary to claims on social media, Erlinger revealed that the average price of McDonald’s menu items has only increased by around 40% since 2019, not the exaggerated 100% as some House Republicans suggested. Erlinger