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Uber Eats Adjusted Net Sales Surge 154 Pct, Freight Logs 75 Pct Gain

PYMNTS

The ride-hailing giant, extending its platform model into adjacent businesses such as freight and food delivery, is aiming to deliver a profit earlier than might have been anticipated — as in, the end of this year. billion, representing a 42 percent gain, and that number was in line with expectations. Adjusted revenues were $3.7

Sales 72
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Bitcoin Continues Slide, Drops Under $10,000

PYMNTS

The cryptocurrency’s loss means it pulled down the value of other premium coins with it, and none of them showed any rises at all. Value in bitcoin and other digital currencies surged recently after the announcement of Facebook’s Libra, a stablecoin tied to real currency. In the past 24 hours, Bitcoin’s value has dropped 6.50

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Inflation is here. It’s real. It could take you out of business.

VCFO

What does that do to your profitability? Many companies run with less than a 10% profit to start with. a currency) over time. When the percentage is moving up and to the right over time, that indicates that a unit of currency effectively buys less than it did in prior periods. Why Do Currencies Depreciate?

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Treasurers Beware: FX Risk Is Not What It Used To Be

PYMNTS

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

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A Temporary Retreat or Long Term Pull Back?

CFO News Room

For others, it can be the portion of their capital with the longest time horizon (pension fund savings or 401Ks, if you are a young investor, for example), where they believe that any losses on risk capital can be made up over time.

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Banks Stepping Up Loans To Corporate Customers Worries Regulators

PYMNTS

The WSJ pointed to a report from The Office of the Comptroller of the Currency (OCC), which referred to an easing of commercial loan standards as a leading risk to the industry. The worst loans are often made in the best of times,” Comptroller of the Currency Joseph Otting warned in the report.

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Today In Data: VC For Blockchain, Australia’s NPP And FinTech Funding

PYMNTS

Here are the numbers: $400 million | Value of the estimated 130 deals blockchain-related firms inked in 2018. Any business would hit a speed bump — not to mention a revenue and profit bump — when customers don’t show up. 18 percent | Increase in FinTech funding in 2017, according to an analysis released last week, which led to $27.4