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Business

Zillow Shuts Home-Flipping Business After Racking Up Losses

(Bloomberg) — Zillow Group Inc. is pulling the plug on its tech-powered home-flipping operation, after an ambitious effort to transform the company collapsed when its vaunted pricing algorithms proved unequal to the task.

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The company plans to take writedowns of as much as $569 million and

 
nikholas
November 3, 2021
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Business

UK firms demand lifeline as lockdowns could ‘dramatically’ raise job losses

TipRanks3 “Strong Buy” Stocks Set for Monster Growth in 2021We’ve turned a new page on the calendar, Old Man ’20 is out the door, and...

nikholas
January 5, 2021
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Business

All eyes on airlines, pound halts decline and oil extends losses

A medical worker collects a swab sample in the COVID-19 testing centre at Duesseldorf Airport as EU countries impose a travel ban from the UK....

nikholas
December 22, 2020
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Business

Tourism won’t recover from RM100b losses without clear plan, Putrajaya told

The WrapLeah Remini Slams Tom Cruise’s COVID Safety Rant, Says “It’s For Public Relations Reasons Only’In an open letter published Wednesday on the website The...

nikholas
December 19, 2020
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Business

India Stocks Erase Losses as Investors Assess Economic Revival

TipRanksJ.P. Morgan: 2 Stocks to Buy (And 1 to Avoid)Marko Kolanovic, the well-known quant strategist with JPMorgan, sees a positive feedback loop forming that will...

nikholas
December 15, 2020
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Business

ABN Amro Cuts a Third of Investment Bank After Virus Losses

(Bloomberg) -- ABN Amro Bank NV will cut its investment bank by about a third and shut down lending outside of Europe as the Dutch...

nikholas
August 12, 2020
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Business

Battered Rupiah Likely to Face Another Month of Losses

(Bloomberg) -- Indonesia’s rupiah has depreciated more than any other emerging-market currency this month. Past performance suggests August will see further losses.The record shows the...

nikholas
July 22, 2020
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Business

Profit falls 11{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} due to expected credit losses

A sign of Swiss banking giant UBS is seen on a branch in Bern on April 25, 2019 in Bern. Photo: FABRICE COFFRINI/AFP/Getty ImagesProfit at...

nikholas
July 21, 2020
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