income

Does economic growth lead to greater inequality? The answer might surprise you.

By Matteo Lanzafame, Antonio Francesco Gravina Finance, globalization, technology and urbanization – key drivers of economic growth – can lead to more…

4 years ago

Costco beats revenue estimates as restrictions ease

Membership-only retail chain Costco Wholesale Corp (COST.O) reported quarterly revenue on Thursday that beat analysts' estimates and said it was…

5 years ago

Gap raises 2021 forecasts as apparel shopping gains momentum

Gap Inc (GPS.N) raised its forecast for annual sales and profit, expecting an unabated surge in demand for new apparel…

5 years ago

Big banks look for post-pandemic rebound of credit card revenue

Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and…

5 years ago

Britain’s Nationwide almost doubles profit as costs fall

Nationwide Building Society (POB_p.L) nearly doubled annual profit after improving interest income and margins as it shaved costs, it said…

5 years ago

Cisco forecasts profit below estimates, cites supply chain issues

Cisco Systems Inc (CSCO.O) on Wednesday cautioned that supply chain issues will linger through the end of 2021 and forecast…

5 years ago

Walmart beats estimates for sales on stimulus spending boost, raises profit forecast

Walmart Inc (WMT.N) raised its full-year earnings forecast on Tuesday and beat estimates for same-store sales as it benefited from…

5 years ago

The impact of COVID-19 on artificial intelligence in banking

COVID-19 has not dampened the appetite of European banks for machine learning and data science, but may in the short…

5 years ago
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