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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. Security and Exchange Commission (SEC). . million in 2018 and a net loss of 48.7

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Foot Locker, JD.com, Gap and others

CFO News Room

in premarket trading after an unexpected return to profitability and better-than-expected sales. in the premarket after the housewares retailer said it would not reiterate or update its outlook through fiscal 2024 due to economic uncertainty. Williams-Sonoma reported better-than-expected sales and profit for its latest quarter.

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IMF Report: Banking Profits Might Not Exceed Cost Of Equity In 2025

PYMNTS

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

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Danny Kahneman: What if Everything is Narrative Fallacy?

Barry Ritholtz

“Our comforting conviction that the world makes sense rests on a secure foundation: Our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman The loss of Danny Kahneman is a reminder that we should review some of his work and apply them to the current market.

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Davos Elite Won’t Tackle Climate Crisis and Global Inequalities

CFO News Room

He is openDemocracy’s international security correspondent. Originally published at openDemocracy The 2023 World Economic Forum (WEF) meeting in Davos started five days ago amid an air of pessimism. Just don’t expect the World Economic Forum to be anywhere near the forefront of change. He is on Twitter at: @ProfPRogers.

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

The company isn’t profitable yet, and probably won’t be for a while. Since PDD went public, it has been hit with net losses of $981.4 Q4 revenue jumped 697 percent year-on-year to $491 million, although the operating losses increased as well. The social component is especially popular with women. million in Q2 and $159.9

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The “raison d’être” of treasury finds a wonderful example with the current health crisis.

Simply Treasury

This health crisis will have serious economic consequences. A business can be profitable, generate returns and fall due to lack of liquidities. Bankruptcy occurs when the company defaults, not when it records losses. Who could argue that treasury is not one of the major disciplines of finance?

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