The city of Paris is typically a bustling hub of tourism during the summer months, attracting millions of visitors from around the world. However, this year, the city is experiencing a significant drop in tourist visits as travelers are opting to avoid Paris during the Olympic Games. Delta Air Lines, which has a significant presence
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In a recent announcement, Costco revealed that it will be increasing its membership fees in the U.S. and Canada as of September 1. This change will see annual memberships rise from $60 to $65, while the higher-tier “Executive Membership” will jump from $120 to $130 per year. This decision will affect approximately 52 million memberships,
In a time when the entertainment industry is facing unprecedented challenges, Fathom Events has managed to defy the odds by posting record revenue gains. Contrary to the struggling box office, Fathom Events, a joint venture between major theater chains AMC, Regal, and Cinemark, has been thriving. With a history of 20 years, Fathom Events has
British fintech firm Zilch made headlines by securing a remarkable $125 million in debt financing from Deutsche Bank, a move that is set to revolutionize its growth trajectory. The deal, structured as a securitization, will not only triple the company’s sales in the next few years but also pave the way for a potential initial
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
One of the top recommended stocks by Wall Street analysts is Monday.com (MNDY). This workplace management software maker has recently impressed investors with its upbeat first-quarter results. The strong demand for its products across all end markets has driven this positive sentiment. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Monday.com stock post
Netflix’s recent announcement revealed that its cheaper, ad-supported tier has seen significant growth in global monthly active users. The streaming service reported that the number of users has jumped to 40 million, nearly double the figure shared just a few months ago. This surge in users showcases the appeal of a more affordable option for
Tencent, the Chinese tech giant, exceeded analyst estimates for revenue and profit in the first quarter of the year. The company’s core gaming business saw slightly better sales, while improved profitability was achieved in its advertising and business services division. In terms of revenue, Tencent reported 159.5 billion Chinese yuan ($22 billion), surpassing the 158.4
British neobank Monzo has recently announced a significant achievement in its fundraising journey, securing an additional $190 million in funding. This brings the total amount raised by the company this year to an impressive $610 million. The latest round of funding saw participation from new investors, including Hedosophia, CapitalG, and Singaporean sovereign wealth fund GIC.
Coinbase, the leading marketplace in the U.S. for buying and selling digital tokens, recently released its first-quarter earnings report, surpassing analysts’ expectations. The company reported earnings of $4.40 per share, which exceeded the average analyst estimate of $1.09 per share. Additionally, Coinbase recorded revenue of $1.64 billion, compared to the expected $1.34 billion. This substantial