Philips: Q1 Earnings Snapshot
AMSTERDAM — AMSTERDAM — Koninklijke Philips NV (PHG) on Tuesday reported earnings of $79.9 million in its first quarter.
The Amsterdam-based company said it had profit of 8 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 27 cents per share.
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CNN
29 minutes ago
- CNN
With bibles, tokens and watches, Trump made millions, new disclosures show
President Donald Trump has made millions from his family's cryptocurrency venture, private golf clubs and hawking everything from bibles to watches – as he's capitalized on his political prominence to expand his business empire, according to financial documents released Friday afternoon. One of the biggest sources of income Trump disclosed was a $57 million token sale through WLF Holdco LLC, which owns World Liberty Financial Inc. WLF is a Trump family crypto company and boasts that it is actively run in part by the president's sons. Meanwhile, Trump owns roughly between $1 million and $5 million worth of the cryptocurrency ethereum. He campaigned on being the most crypto-friendly president, advertising a more hands-off approach to regulating digital assets compared to prior administrations. Friday's filings, running more than 230 pages, mark the first disclosures of the billionaire's assets and liabilities since Trump returned to the White House in January. And they give the public the first snapshot of some of his recent earnings from deals inked while the Republican campaigned for office last year. Asked about the president's myriad business ventures, White House press secretary Karoline Leavitt said Trump has been transparent. 'President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations. The Trump Administration is committed to transparency and accessibility for the American people,' she said in a statement to CNN. Federal law does not require presidents to divest their holdings, although previous officeholders have taken steps to do so or wall them off in a blind trust. Trump's assets are in a trust managed by his children, and the Trump Organization earlier this year announced that the president would not have any involvement in the day-to-day running of the company. But he still owns and benefits from his sprawling real estate and branding empire. Friday's filings show that a variety of licensing deals the president has with companies selling products using his name, image and likeness – ranging from sneakers to watches – yielded millions in royalties for Trump. That includes the more than $1.3 million Trump made from Lee Greenwood's 'God Bless the USA' Bible. On the 2024 campaign trail, Trump released a video urging supporters to purchase the Bible to 'make America pray again.' Trump also earned $2.5 million from Trump sneakers and fragrances and $2.8 million selling 'Trump Watches.' (CNN went on a hunt for the makers of the 'Swiss-made' watches in October 2024 and ended up in a small city in Wyoming.) Additionally, Trump made more than $1 million on a '45' guitar, denoting his place in the line of US presidents during his first term. The filings also reflect the large civil judgments that still loom over the president. He reported liabilities in excess of $50 million owed both to the New York attorney general and E. Jean Carroll, a former magazine columnist who alleged Trump raped her in a New York department store in the 1990s and then defamed her when he denied her claim and suggested she made up the story to boost sales of her book. On Friday, an appeals court rejected an attempt from Trump to review a $5 million judgment against him in a case brought by Carroll. The jury in that case found that Trump sexually abused Carroll, sufficient to hold him liable for battery, but did not find that Carroll proved he raped her. Trump has denied all the claims. Trump also is separately asking the appeals court to throw out an $83 million jury verdict in a second judgment Carroll won against him. The other civil judgment of more than $50 million the president disclosed stems from the $454 million that a New York judge ordered Trump to pay last year in a civil fraud case brought by New York Attorney General Letitia James. Trump has appealed that case. Trump's private clubs also generate substantial income – led by the president's flagship property, Mar-a-Lago, which brought in a little more than $50.1 million in revenue – down from about $57 million in a previous filing last year. The filings also reveal more about the speaking fees first lady Melania Trump earned during last year's campaign. She was paid $475,000 for a speaking engagement with the Log Cabin Republicans, which represents LGBTQ conservatives, in New York in July. Her paid speeches have drawn scrutiny in the past. A previous disclosure showed Melania Trump received $237,500 for an April 2024 engagement in Palm Beach, Florida. She also made nearly $217,000 related to the sale of NFTs, non-fungible tokens. Disclosures for Vice President JD Vance also were released Friday and show that the former Ohio senator and second lady Usha Vance have millions of dollars in assets, but their wealth does not come close to Trump's. Vance received between $50,001 and $100,000 in royalties for 'Hillbilly Elegy,' his 2016 memoir that catapulted him to fame and later was adapted into a movie.
The Verge
2 hours ago
- The Verge
Posted Jun 13, 2025 at 10:13 AM EDT 1 Comment / 1 New
Amazon and Walmart are reportedly considering getting into stablecoins. The retail giants are looking into ways they could use or issue stablecoins — a cryptocurrency pegged to the US dollar or another asset, according to a report from The Wall Street Journal. As noted by the WSJ, the move could allow Amazon and Walmart to receive payments faster, while avoiding fees from credit card transactions.
Forbes
3 hours ago
- Forbes
Why Maximizing Data Insights Can Drive Decisions That Yield Growth
Business leader reviewing data insights Nearly everyone in an organization feels the pressure to act decisively. From the individual contributors helping internal users with technical issues to top leadership, all must make decisions that impact critical outcomes. Going down the wrong path may have consequences ranging from a minor mishap to an unrecoverable catastrophe. In my experience, whether situations call for split-second choices or drawn-out analyses, having data-driven insights to rely on can steer the team in the right direction. Nonetheless, sometimes access to facts, figures and stats isn't enough. Maximizing data insights not only ensures a higher degree of accuracy but also results in growth. Discover the main reasons below. Many business leaders have experienced working for an organization that lacked clear strategic direction. Even worse, its initiatives might have frequently shifted abruptly—from crucial decisions about brand identity to determining who would oversee the company's website redesign. While inconsistent decision-making sometimes stems from conflicting viewpoints, it most often signals a fundamental failure to harness data effectively. The challenge isn't always a lack of research or information. More often, not using data effectively can be linked to disorganization, or to models or datasets that need fine-tuning. This is particularly true in the age of LLMs and Machine Learning, where high-quality data is more critical than ever. In other words, the organization lacks the proper tools to consolidate its data. This prevents the information from sufficiently synchronizing to yield clear, actionable insights that ensure everyone is on the same page. Some of my portfolio companies have used tools like that allow companies to build datasets, evaluate or fine-tune models and collaborate with multiple stakeholders. Rather than making decisions based on disparate data, marketing and customer service directors can access the same, unified information. This approach leads to cleaner datasets that are synthesized across departments, ensuring greater consistency. When critical stakeholders contribute to data models, it reduces surprises and disjointed decisions. This allows the company to maintain its trajectory, enhancing growth aligned with data-driven insights. With improved consistency, employees gain greater clarity, enabling them to achieve their growth goals. Analytics reveal insights beyond just current market trends. These tools also provide predictive capabilities, which are crucial for enhancing a company's competitiveness. By fully leveraging data analytics insights, organizations can stay ahead of the curve. Remaining ahead of the competition translates to delivering solutions before competitors do or offering superior versions that improve the customer experience. This competitive advantage may be magnified by what's often called a 'data flywheel'—a virtuous cycle where insights drive better products and services, which in turn generate richer data for even further optimization and differentiation. For example, Helix Wireless was able to help client Genesee & Wyoming, a short-line railroad holding company, do this through data-driven insights. Train passengers naturally want to stay connected while they're traveling. However, the nature of train travel means railroad cars are passing through tunnels, remote landscapes and long distances. Different wireless carriers own and operate the towers that enable mobile data and, consequently, mobile Wi-Fi networks. When service constantly switches between these carriers, it can result in dropped and unstable connections. Leveraging data insights, Helix knew its client was juggling multiple relationships with different carriers across various countries. This led to a less-than-seamless experience for the railroad operator's customers. So, Helix's used their SmartSIM to eliminate challenges with connectivity, roaming expenses and service restrictions could be overcome. Costs related to purchasing and logistics decreased by 25%, and customers got a better experience. When service and product solutions become more competitive, market growth typically follows. Anytime you see a user experience that has disruptions like this, try and find a solution that can eliminate frustrations for your customer. Consider any major decision, personal or professional. The inherent uncertainty often leads to agonizing over 'what-ifs' —the potential risks and downsides of choosing a particular path, sometimes even the worst possible outcomes. In business, when teams and leaders rely on intuition rather than insight, risks can be greater. Decisions become susceptible to real-time impulses or are hindered by incomplete data. Assumptions may also arise from a lack of proper tools to interpret information correctly. Regardless, failing to maximize data insights often leads to poorly informed choices. It's similar to looking at a picture from a single angle. Acting on this limited perspective, an organization may proceed down a misleading path, taking on unnecessary risks and dealing with the ensuing fallout. Getting a complete data picture eliminates most of the guesswork. Instead of choosing a direction based on assumptions, decisions are backed by comprehensive data. The broader the perspective, the greater the accuracy. Consequently, more informed teams and leaders face a reduced chance of undesirable outcomes. Mitigating risks means fewer costs that can stifle growth, including qualitative expenses like the erosion of brand trust. A company's growth is often synonymous with success. But behind the numbers are well-made decisions, ranging from strategic product launches to everyday interactions with clients. Without data-driven insights, those choices can derail an organization's growth trajectory. Acquiring the tools and resources needed to get the most out of the information you gather will enhance consistency, competitiveness and risk reduction.
