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Square earnings beat on top an bottom line, but miss on guidance

Square earnings beat on top an bottom line, but miss on guidance

Finance
Payment company Square reported quarterly earnings and revenue that beat analysts' expectations on Wednesday but came up slightly short on forward guidance. Here's how the company did compared with what Wall Street expected: Earnings: 13 cents per share vs. 11 cents per share, forecast by Refinitiv.Revenue: $ 431 million vs. $ 413.9 million, forecast by Refinitiv. Adjusted revenue grew 68 percent year over year. The company reported its first quarterly profit of $ 20 million, compared to a net loss of $ 16 million in the third quarter of last year. Square's chief financ...
What is Blexit? Kanye West's new clothing line

What is Blexit? Kanye West's new clothing line

Entertainment
Keeping up with Kanye's fashion is a full-time job, what with Yeezy trainers, jumpers that are too big and slippers that are too small. But this time, West has lent his design skills to raise awareness of how black people feel about politics. How they feel about Democrats, to be specific.The rapper has created a line for Candace Owens, who is urging black Americans to abandon the party by supporting Blexit - the black exit from the Democratic Party. The Left launched a war on police officers to secure the black vote. Their media used the horrific death of Philando Castile to manipulate black minds. Never again will we allow this. pic.twitter.com/3zMSkQlw9x— Candace Owens (@RealCandaceO) July 6, 2018 Ms Owens, a vocal suppor...
Flipkart launches a credit line for customers

Flipkart launches a credit line for customers

Finance
BENGALURU: Just weeks before its annual festive sales, Flipkart has introduced a credit line for customers to complete their shopping on the platform. Called ‘Cardless Credit,’ it enables customers to get an instant credit line of up to Rs 60,000, based on the user’s creditworthiness. This will enable customers who do not have a formal credit access, to purchase products and thereby trigger a growth in the gross merchandise value for the ecommerce platform. “Close to 45 million customers on our platform do not have formal access to credit and a good portion of this is emerging from tier II, III towns,” said Ravi Garikipati, senior vice president and head of Fintech Flipkart. “Cardless Credit is a step in the direction to make e-commerce more inclusive and help customers
Over 100 pink Cadillacs line the streets of Detroit in honor of Aretha Franklin

Over 100 pink Cadillacs line the streets of Detroit in honor of Aretha Franklin

Entertainment
Aug. 31 (UPI) -- The life of the Queen of Soul Aretha Franklin was celebrated in her hometown of Detroit on Friday by friends, family and fans alike.Over 100 pink Cadillacs -- in reference to Franklin's hit "Freeway of Love" -- were parked on Seven Mile Road near the Greater Grace Temple where the star's funeral service was held. Cadillac, founded in Detroit, tweeted the years of Franklin's birth and death with the word "Respect" on a pink background. pic.twitter.com/9x9DrPuMOB— Cadillac (@Cadillac) August 31, 2018 Crisette Ellis, wife of Bishop Charles H. Ellis III from Greater Grace Temple, organized the tribute to Franklin. Ellis works as a sales directer for cosmetic company Mary Kay, which famously gifts top sellers with pink Cadillacs. "Her song, the pink Cadillac song, meant ...
East Coast train line to be put into public control

East Coast train line to be put into public control

Business
Media playback is unsupported on your device Rail services on the East Coast Main Line are being brought back under government control, following the failure of the current franchise.Operators Stagecoach and Virgin Trains will hand over control from 24 June.The Department for Transport will run the service until a new public-private partnership can be appointed in 2020.Transport Secretary Chris Grayling said it would smooth the transition to a new operator, but critics said it was evidence of private sector failure.Mr Grayling said the franchise had failed because Stagecoach and Virgin Trains had "got their bid wrong", overestimating the profitability of the line.It is the third time in a just over a decade that the government has called a hal...