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Porch Group has found that unique data provided by its home services software and partnerships has enhanced its underwriting of homeowners insurance and boosted its results.
During the first quarter, the company reduced its GAAP net loss to $13.4 million, down from $38.7 million in first quarter of 2023, and improved its adjusted EBITDA loss to $16.8 million, down from $21.9 million a year...
Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue.
Robinhood’s profit for the first quarter stood at $157 million or 18 cents per share, surpassing expectations of 6 cents per share, Reuters reported Wednesday (May 8), citing data from LSEG.
This also marked an improvement...
Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue.
Robinhood’s profit for the first quarter stood at $157 million or 18 cents per share, surpassing expectations of 6 cents per share, Reuters reported Wednesday (May 8), citing data from LSEG.
This also marked an improvement...
U.S. Sen. Roger Marshall, R-Kan., aims to secure a vote on the Credit Card Competition Act (CCCA) by adding it to the Federal Aviation Administration (FAA) Reauthorization bill.
Marshall asked the Senate for unanimous consent for a vote to add the CCCA to the Reauthorization bill Wednesday (May 8), according to a press release issued by his office.
Speaking on the Senate floor Wednesday, Marshall...
U.S. Sen. Roger Marshall, R-Kan., aims to secure a vote on the Credit Card Competition Act (CCCA) by adding it to the Federal Aviation Administration (FAA) Reauthorization bill.
Marshall asked the Senate for unanimous consent for a vote to add the CCCA to the Reauthorization bill Wednesday (May 8), according to a press release issued by his office.
Speaking on the Senate floor Wednesday, Marshall...
Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues.
Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided a current assessment of financial stability and highlighted these issues as potential vulnerabilities.
The commercial real estate (CRE) sector continues to feel the effects of the...
Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues.
Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided a current assessment of financial stability and highlighted these issues as potential vulnerabilities.
The commercial real estate (CRE) sector continues to feel the effects of the...
Airbnb’s first quarter results showed growth in listings and in nights booked.
And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm is looking ahead to a “record” summer season, tied to sporting events such as the Olympics.
But stable growth, forecast by management for the current quarter, left investors unimpressed, at...
Airbnb’s first quarter results showed growth in listings and in nights booked.
And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm is looking ahead to a “record” summer season, tied to sporting events such as the Olympics.
But stable growth, forecast by management for the current quarter, left investors unimpressed, at...
Earnings season’s not over yet — and the picture on consumer spending is mixed thus far.
The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on consumer credit detailed that use of revolving debt — which includes credit cards — slowed to an annualized pace of 0.1...