eBay posted stronger-than-expected Q1 results, with earnings of $1.66 per share and revenue of $3.1 billion, alongside GMV surpassing forecasts. Despite solid performance and growth in re-commerce and AI-driven features, the company’s Q2 outlook came in softer, even as it continues to expand through partnerships and strategic moves including its planned acquisition from Etsy.
PROPERTY
Saudi-based First Avenue for Real Estate Development has signed a contract addendum with Asas Makeen for a residential project in Al Hada District, bringing the total project value to SAR86 million. The townhouse development will be delivered on a turnkey basis within an integrated urban setting, with execution progressing on schedule.
money
Saudi Aramco’s Q1 2026 net profit is forecast to reach SAR 108.8 billion, up 13.8% YoY and 56.7% QoQ, driven by higher oil prices and stronger refining margins, according to AlJazira Capital.
AI-driven fraud is accelerating faster than organizations can respond, with a new report by Association of Certified Fraud Examiners and SAS revealing that just 7% feel well-prepared to detect or prevent it, as deepfakes, digital forgery, and consumer scams surge worldwide; while AI adoption is rising, gaps in governance, explainability, and overall readiness continue to leave institutions exposed as threats scale faster than defenses.
lifestyle
Kanebridge News - Investing In Your Best Life
