All posts tagged: profit

Real estate investors profit from long-term care facilities : NPR

Real estate investors profit from long-term care facilities : NPR

Published by Sam Flores

Leslie Adams holds a photo of his mother, Shirley, who died after developing infected bedsores at a rehabilitation center, according to a lawsuit he filed. A court awarded the family $17 million, but they are still trying to collect it. Taylor Glascock for KFF Health News hide caption toggle caption Taylor Glascock for KFF Health News By the time she was hospitalized in 2020, Pearlene Darby, a retired teacher, had suffered open sores on both legs, both hips, and both heels, as well as a five-inch-long gash on her tailbone. She died two weeks later at age 81 from infections and bedsores, according to her death certificate. Her daughter sued the nursing home, alleging it had left Darby sitting in her own feces and urine time and again. The lawsuit, settled on confidential terms last year, blamed not only the managers of City Creek Post-Acute and Assisted Living but also the building’s owner, a real estate investment trust, or REIT. In the year Darby died, City Creek paid CareTrust REIT more than $1 million in …

China turns Iran war to its advantage with plan to profit from US disaster

China turns Iran war to its advantage with plan to profit from US disaster

Published by Sam Flores

Xi Jinping strode into the Great Hall of the People in Beijing and settled into his chair, flanked by his top advisers at a large mahogany table decorated with purple orchids. Stately in a navy suit, China’s leader delivered brief opening remarks – just under a minute – to welcome Pedro Sánchez, the Spanish prime minister, sitting opposite. “The world today is in turmoil and disorder. How a country approaches international law and the international order reflects its worldview, values and its approach to order and responsibility,” said Mr Xi, assuming the role of a respected world leader. “China and Spain are both principled countries that value justice, and are willing to stand on the right side of history,” he continued, in a thinly veiled jab at Donald Trump’s assault on Iran, which has engulfed the Middle East in war for the past 50 days. “We must oppose a return of the world to the ‘law of the jungle’, jointly safeguard genuine multilateralism and uphold global peace and development.” Official readouts also noted how Mr …

Goldman Sachs Beats Profit Estimates, Weak Fixed Income Trading Drags Down Shares

Goldman Sachs Beats Profit Estimates, Weak Fixed Income Trading Drags Down Shares

Published by Sam Flores

By Saeed Azhar and Utkarsh Shetti NEW YORK, April 13 (Reuters) – Goldman Sachs beat expectations for quarterly profit on Monday, driven ⁠by ⁠strength in dealmaking and equities trading, but the U.S. investment bank’s ⁠shares fell 1.9% on weakness in its fixed income, currencies and commodities division. Revenue from the division fell 10% to $4.01 billion in the first quarter, hit ​by a slowdown in interest rate trading, mortgages and credit products. “The stock is weak due to the disappointment in FICC trading, in our view,” RBC Capital Markets analyst Gerard Cassidy said. Shares in Goldman Sachs opened 4% lower, but pared some ‌losses after CEO David Solomon expressed optimism about the outlook ‌for dealmaking despite the volatility caused by the war in Iran and concerns around AI-driven disruption. “The environment for investment banking activity continues to be incredibly robust, particularly M&A activity,” Solomon said on an earnings call. “While market conditions tempered ⁠execution for IPOs and sponsor ⁠activity broadly, we believe that activity levels will rebound once conditions stabilize.” Goldman Sachs kicked off the …

Stark photos show quest for profit cutting swathes through the Amazon

Stark photos show quest for profit cutting swathes through the Amazon

Published by skeptic

Some of the thousands of trucks that transport soya beans down a road in the Amazon Lalo de Almeida/Folhapress/Panos​ The myriad ways in which deforestation in the Amazon could deleteriously impact the climate aren’t a new revelation. In fact, climate scientists and activists have long been sounding alarms about protecting the rainforest. Yet the Brazilian government has recently relaxed environmental controls on several large industrial developments in the region, opening the door to even more harmful changes. Photographer Lalo de Almeida has been documenting the rainforest, focusing on areas where new projects are already taking place as well as those where the life of the rainforest is about to change. In the main image, above, he has photographed some of the thousands of trucks that transport soya beans down an Amazonian road near Miritituba, which will be the final stop of a new railway that will be used to carry the beans to the Tapajos river. Below, three men collect soya beans from a truck in the aftermath of a traffic accident, a common enough …

Iran’s chokehold on the Strait of Hormuz: Fertiliser supply chains under strain – People & Profit

Iran’s chokehold on the Strait of Hormuz: Fertiliser supply chains under strain – People & Profit

Published by Sam Flores

To display this content from YouTube, you must enable advertisement tracking and audience measurement. Accept Manage my choices One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site. Try again PEOPLE & PROFIT © FRANCE 24 Issued on: 26/03/2026 – 18:12Modified: 26/03/2026 – 18:14 12:27 min From the show Reading time 1 min As tensions between the US, Israel and Iran choke the Strait of Hormuz, cutting global energy and fertiliser flows, markets face rising prices and food insecurity. We discuss the global fallout with Carlos Razo from the UN Conference on Trade and Development (UNCTAD), exploring the risks for the world’s poorest economies and the threat of widespread inflation. Source link

Revolut posts US.7b in net profit for 2025; targets growth in Southeast Asia from Singapore base

Revolut posts US$1.7b in net profit for 2025; targets growth in Southeast Asia from Singapore base

Published by Sam Flores

SINGAPORE: Fintech firm Revolut reported a 65 per cent increase in net profit, from US$1 billion in 2024 to US$1.7 billion last year. In its annual report released on Tuesday (Mar 24), the UK-headquartered company said its revenue climbed to US$6 billion in 2025, up from US$4 billion in the previous year. The biggest contributors to revenue were card payments and interest income at US$1.3 billion each, while revenue from subscriptions stood at US$936 million. Revolut has 68.3 million retail customers, a 30 per cent increase from 2024, and aims to reach 100 million by the middle of next year.  The company also served 767,000 businesses and held US$67.5 billion in customer balances in 2025. Total transaction volume hit US$1.7 trillion last year. Revolut declined to reveal exact figures for Singapore, but said subscriptions and card payments were revenue drivers for the market. “Singapore is a proven, profitable market that demonstrates the strength and scalability of Revolut’s business model,” said Mr Raymond Ng, chief executive officer for Singapore and Southeast Asia. NEW SINGAPORE OFFICE SPACE …

Ant and Dec have ‘good arguable case’ over claim consultant made ‘secret profit’ from selling Banksy

Ant and Dec have ‘good arguable case’ over claim consultant made ‘secret profit’ from selling Banksy

Published by Daniella Wilson

Get the latest entertainment news, reviews and star-studded interviews with our Independent Culture email Get the latest entertainment news with our free Culture newsletter Get the latest entertainment news with our free Culture newsletter A judge has ruled that Ant McPartlin and Declan Donnelly have a “good arguable case” after claiming that a consultant made “secret and unauthorised” profit when buying and selling their art – including pieces by Banksy. The TV presenters, best known for fronting Britain’s Got Talent and I’m a Celebrity… Get Me Out of Here!, filed the claim in the High Court on Tuesday (3 March). The hosting duo asked for the High Court to order a separate art dealer – Andrew Lilley and his firm Lilley Fine Art – to disclose information about their transactions with the unnamed consultant. They did not accuse Lilley and his firm of any wrongdoing, instead saying that they were “mixed up“ in it and are “likely” to “hold information that will help the applicants uncover the wrongdoing”. open image in gallery Ant and Dec …

Stripe wants to turn your AI costs into a profit center

Stripe wants to turn your AI costs into a profit center

Published by skeptic

Stripe on Monday released a preview of a new feature that could help AI startups (and other companies) solve the problem of passing through the underlying costs of AI model usage to their customers. Stripe’s feature, however, goes even further than just passing through the costs of the tokens. It allows startups to charge a markup percentage on token usage. So a company can, for instance, charge an automatic 30% above the cost of the tokens that the startup will pay the model maker. As Stripe described it, “Say you’re building an AI app: you want a consistent 30% margin over raw LLM token costs across providers. Billing automates the process.” The billing feature lets the startup pick the AI models it uses. It tracks the API prices of those models. It then records the customers’ token usage and applies the profit-margin markup automatically. As we’ve previously reported, there are a variety of ways that AI startups are charging for their wares. Many of them charge tiered monthly subscriptions that have usage-rate caps; once those …

Andrew Mountbatten-Windsor quietly pocketed £15m profit on Sunninghill Park home

Andrew Mountbatten-Windsor quietly pocketed £15m profit on Sunninghill Park home

Published by Daniella Wilson

Andrew Mountbatten-Windsor is currently residing at Wood Farm on the Sandringham estate, but he previously resided at Royal Lodge on the Windsor Home Park estate with his ex-wife, Sarah Ferguson – and it’s not the first time the pair shared a home.  Two years after their marriage in 1986, Andrew and Sarah Ferguson moved into Sunninghill Park in Ascot, Berkshire, having received the new-build home as a wedding gift from his mother, the late Queen. However, the former Duke and Duchess of York divorced in 1996, leading Andrew, formerly Prince Andrew, to make a staggering £15 million profit on the property – but how? © Tim Graham Photo Library via GetSunninghill Park pictured in 1992 How did Andrew make £15m on his prior home? According to The Times, in 1983, the late Queen created a company called Tyrolese 83 Limited to “acquire, hold and deal with property”. The said company was also able to hold property on behalf of the Queen’s relatives, while the individuals and the properties remained hidden from the public, as it …