Accounting & Tax

Financial Performance

Hyatt Loses $161M as Travel Slump Continues

Hyatt's revenue per available room improved in Q3 but the hotelier expects "demand to remain uneven over the coming months."
Legal

Oregon Becomes First U.S. State to Decriminalize Drug Possession

The idea behind the legislation is to treat drug addiction as a public health issue, removing it from the criminal justice system.
Cash Flow

Metric of the Month: Number of FTEs Performing the Order-to-Cash Process

Optimizing the order-to-cash value chain requires end-to-end process management.
Mobile

PayPal Posts Record Sales on E-Commerce Boom

“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
Financial Performance

Exxon Posts $680M Loss as Oil Slump Continues

The company disclosed that further capital spending cuts and possible writedowns of assets are ahead as it battles the pandemic-induced oil bust.
Social Media

Twitter Shares Fall on Slowing User Growth in Q3

Twitter beat estimates on the top and bottom lines but daily active user growth of only 1 million disappointed investors.
The Economy

U.S. GDP Surges by Record 33.1% in Q3

Economists are sticking to estimates of only 4% growth in the fourth quarter and a prolonged recovery from the coronavirus recession.
Financial Performance

Moderna Q3 Revenues Beat Estimates

The biotech is preparing for the global launch of its potential COVID-19 vaccine.
Financial Performance

Visa Beats Estimates as Travel Slump Continues

“The recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,” CFO Vasant Prahbhu says.
Financial Performance

Boeing Posts $466M Loss, Announces Job Cuts

The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.
The Cloud

Cloud Growth Drives Microsoft Earnings Beat

Microsoft has benefited from businesses accelerating the shift to cloud infrastructure and applications due to the COVID-19 pandemic.
Financial Performance

HSBC Beats Estimates, May Resume Dividend

“These were promising results against a backdrop of the continuing impacts of COVID-19 on the global economy."
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