financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
World >
Market >
Sector Update: Health Care Stocks Mixed Premarket Friday
Sector Update: Health Care Stocks Mixed Premarket Friday
Apr 26, 2024
09:16 AM EDT, 04/26/2024 (MT Newswires) -- Health care stocks were mixed premarket Friday as the Health Care Select Sector SPDR Fund ( XLV ) was down 0.3% and the iShares Biotechnology ETF ( IBB ) was recently up 0.2% Centene ( CNC ) was up 0.4% after it reported higher Q1 adjusted earnings and revenue. The company also raised...
Sector Update: Tech Stocks Mixed Premarket Friday
Sector Update: Tech Stocks Mixed Premarket Friday
Apr 26, 2024
09:06 AM EDT, 04/26/2024 (MT Newswires) -- Technology stocks were mixed premarket Friday as the SPDR S&P Semiconductor ETF ( XSD ) was slightly lower and the Technology Select Sector SPDR Fund ( XLK ) was up 0.7% recently. Snap (SNAP) was rallying past 24% after it reported higher Q1 non-GAAP earnings and revenue. Alphabet (GOOG) was up over 11%...
US STOCKS-Wall St set to open higher on tech boost, PCE data
US STOCKS-Wall St set to open higher on tech boost, PCE data
Apr 26, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * March PCE data in-line with estimates * Intel ( INTC ) down after dour Q2 forecast * Futures up: Dow 0.20%, S&P 0.85%, Nasdaq 1.04% (Updated at 8:46 a.m. ET/1246 GMT) By Shristi Achar A and Shashwat Chauhan April...
Sector Update: Energy
Sector Update: Energy
Apr 26, 2024
09:00 AM EDT, 04/26/2024 (MT Newswires) -- Energy stocks were declining pre-bell Friday with the Energy Select Sector SPDR Fund (XLE) 0.8% lower recently. The United States Oil Fund (USO) was 0.7% higher and the United States Natural Gas Fund (UNG) was down 2.4%. Front-month US West Texas Intermediate crude oil was up 0.9% at $84.34 per barrel at the...
Environment >
Technology >
Personal Finance >
Politics >
Retail >
Business >
Sector Update: Consumer
Sector Update: Consumer
Jun 6, 2024
03:37 PM EDT, 06/06/2024 (MT Newswires) -- Consumer stocks were rising late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%. In corporate news, GameStop ( GME ) shares surged 46% after meme stock leader Roaring Kitty, whose real name is Keith Gill, scheduled a...
Scilex Shares Advance after FDA Approves Production of Gout Medication
Scilex Shares Advance after FDA Approves Production of Gout Medication
Jun 6, 2024
03:37 PM EDT, 06/06/2024 (MT Newswires) -- Scilex Holding ( SCLX ) said Thursday that US Food and Drug Administration approved the commercial production of its Gloperba liquid medication for gout. The distribution of the non-opioid pain treatment will begin next week through wholesalers and pharmacies. Scilex ( SCLX ) shares were nearly 5% higher in regular trading session. Price:...
WiSA Technologies Shares Surge After Company Highlights Increased Demand: What's Going On?
WiSA Technologies Shares Surge After Company Highlights Increased Demand: What's Going On?
Jun 6, 2024
WiSA Technologies, Inc. ( WISA ) shares are trading higher on above-average volume Thursday afternoon, driven by increased demand for its proprietary WiSA E wireless audio technology and recent licensing deals. What’s Going On: WiSA Technologies ( WISA ) announced that it has seen significant momentum with its WiSA E software, which has been gaining traction in the $296 billion...
Restaurant Industry's Soft Traffic to Continue Through 2024's Second Half, UBS Says
Restaurant Industry's Soft Traffic to Continue Through 2024's Second Half, UBS Says
Jun 6, 2024
03:49 PM EDT, 06/06/2024 (MT Newswires) -- Restaurant-sector softness is expected to persist through the rest of this year amid consumer spending pressures that will likely elevate emphasis on value, UBS Securities said Thursday. Industry same-store sales were down 0.5% while traffic dropped 2.5% year-to-date excluding January amid a variety of pressures. Those include pricing, which is up 20% to...
Economy >
Cryptocurrency >
Bitcoin Price Analysis: BTC Dips Below $64K But Still Within Consolidation Range
Bitcoin Price Analysis: BTC Dips Below $64K But Still Within Consolidation Range
Aug 1, 2024
Bitcoin’s price has been consolidating over the past couple of weeks following a recovery from the $56K support level. This behavior has left investors wondering whether a new record high will be witnessed in the short term. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been moving rangebound between the $64K and $68K levels....
Here’s Why Matrixport Recommends Bitcoin for Investor Portfolios
Here’s Why Matrixport Recommends Bitcoin for Investor Portfolios
Jul 31, 2024
Matrixports recent report highlights bitcoins impressive performance, outpacing the Nasdaq Index by 73% over the past two years. The company emphasized on X that Bitcoin is increasingly seen as a strategic investment, offering diversification and risk mitigation in investment portfolios, as well as representing a stake in the future of technology. Bitcoin Outperforms Nasdaq Index Bitcoin has previously shown a...
Significant Drop in Meme Coin Activity and Prices, What’s Next?
Significant Drop in Meme Coin Activity and Prices, What’s Next?
Aug 1, 2024
Meme coins have been one of the most popular narratives in the first two quarters of 2024. However, there has been a significant cooling off in their market after the intense activity of the spring. In fact, recent findings suggest that only a handful of meme coins have recorded gains over the past 30 days, and these are relatively lesser-known....
Over $220 Million in Liquidations as Bitcoin (BTC) Plummets Toward $63K
Over $220 Million in Liquidations as Bitcoin (BTC) Plummets Toward $63K
Aug 1, 2024
Bitcoins price actions took a violent turn from yesterdays quietness as the asset plunged by more than three and a half grand to $63,300. The alternative coins have followed suit, and the total value of liquidated positions has skyrocketed to almost $230 million on a daily scale. The start of the business week was quite positive for the primary cryptocurrency...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved