Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026

Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026


Key Points
  • British payments startup GoCardless reported a net loss of £35.1 million ($43.8 million) in the full year ending June 2024.
  • GoCardless CEO Hiroki Takeuchi said its his aim for the company to post its first full-year profit in 12 to 18 months’ time.



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Apple rival Honor launches AI phone tools that help users get online shopping discounts and more
Finance

Apple rival Honor launches AI phone tools that help users get online shopping discounts and more

Key Points With the AI upgrade, Honor expects to climb into the top three smartphone brands by market share in mainland China by the end of this year, Fei Fang, president of products at Honor Device, told CNBC in an exclusive interview. Honor’s new AI tools come as Apple has yet to release its AI […]

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Honor reveals a new smartphone with a fold-out robotic camera arm
Finance

Honor reveals a new smartphone with a fold-out robotic camera arm

Key Points Chinese smartphone company Honor is trying to shake up traditional device hardware with a new “robot phone.” The company revealed the device will have a camera that folds out from the back of the phone. Honor said it plans to release more details next year at the Mobile World Congress in Barcelona. Source

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Morgan Stanley slated to release third-quarter earnings
Finance

Morgan Stanley slated to release third-quarter earnings

Key Points Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment. Wall Street trading desks have seen booming activity in the quarter, while investment banking continues to see a resurgence in activity for mergers and IPOs. Shares of Morgan Stanley have climbed almost 24% this year. Source

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