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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.
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...
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...
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
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US STOCKS SNAPSHOT-Futures extend gains after December Producer Price Index data
US STOCKS SNAPSHOT-Futures extend gains after December Producer Price Index data
Jan 14, 2025
Jan 14 (Reuters) - U.S. stock index futures extended gains on Tuesday after producer prices data showed abating inflation pressures, placating worries that the Federal Reserve will be cautious in cutting interest rates this year. Data from the Labor Department showed the Producer Price Index rose 3.3% on an annual basis in December 2024, compared with the 3.4% rise expected...
Sector Update: Financial
Sector Update: Financial
Jan 14, 2025
08:53 AM EST, 01/14/2025 (MT Newswires) -- Financial stocks were advancing premarket Tuesday with the Financial Select Sector SPDR Fund (XLF) 0.5% higher recently. The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.5% lower. B. Riley Financial ( RILY ) shares rose by over 18%...
US STOCKS-Futures rise as investors await inflation data, corporate results
US STOCKS-Futures rise as investors await inflation data, corporate results
Jan 14, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click/ or type LIVE/ in a news window.) * December Producer Price Index report due at 8:30 a.m. ET * Applied Digital ( APLD ) jumps after report of Macquarie's investment * Futures up: Dow 0.25%, S&P 500 0.32%, Nasdaq 0.38% (Updates with analyst comment) By Johann M...
Investors Await Key Inflation Data as US Futures Trend Higher Pre-Bell
Investors Await Key Inflation Data as US Futures Trend Higher Pre-Bell
Jan 14, 2025
08:17 AM EST, 01/14/2025 (MT Newswires) -- US stock futures were tracking higher in Tuesday's premarket session as investors awaited key inflation data. Dow Jones Industrial Average futures were up 0.27%, S&P 500 futures were 0.30% higher, and Nasdaq futures gained 0.33%. Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.36%...
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Behind the Scenes of Dell Technologies's Latest Options Trends
Behind the Scenes of Dell Technologies's Latest Options Trends
Nov 4, 2024
Whales with a lot of money to spend have taken a noticeably bearish stance on Dell Technologies ( DELL ). Looking at options history for Dell Technologies ( DELL ) we detected 46 trades. If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 47% with...
The Analyst Landscape: 11 Takes On Cipher Mining
The Analyst Landscape: 11 Takes On Cipher Mining
Nov 4, 2024
Throughout the last three months, 11 analysts have evaluated Cipher Mining ( CIFR ) , offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 5 0...
ISS recommends Frontier shareholders abstain from voting on Verizon's takeover bid
ISS recommends Frontier shareholders abstain from voting on Verizon's takeover bid
Nov 4, 2024
Nov 1 (Reuters) - Prominent proxy advisory firm Institutional Shareholder Services on Friday recommended Frontier Communications shareholders abstain from voting on Verizon's $20 billion takeover bid and instead support the adjournment proposal. Shareholders must decide whether a sale to Verizon, which likely would not close for at least another year, represents a better risk-adjusted alternative to the company's standalone option,...
Critical Insights From Penguin Solutions Analyst Ratings: What You Need To Know
Critical Insights From Penguin Solutions Analyst Ratings: What You Need To Know
Nov 4, 2024
Ratings for Penguin Solutions ( PENG ) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
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Air Products and Chemicals Plans Hydrogen Refueling Stations Network in Canada
Air Products and Chemicals Plans Hydrogen Refueling Stations Network in Canada
Apr 23, 2024
01:14 PM EDT, 04/23/2024 (MT Newswires) -- Air Products and Chemicals ( APD ) said Tuesday it plans to build a network of permanent hydrogen refueling stations along the Queen Elizabeth II Highway in Alberta, Canada, stretching from Edmonton to Calgary. These stations will serve heavy-duty vehicles and light-duty hydrogen fuel cell cars. The first permanent station in Edmonton is...
UBS Previews Aritzia's Q4
UBS Previews Aritzia's Q4
Apr 23, 2024
01:19 PM EDT, 04/23/2024 (MT Newswires) -- In its Q4 2024 preview of Aritzia ( ATZAF ), UBS believes the company's fundamentals sequentially improved in fiscal Q4 2024 and the positive trend has carried into FY25. UBS expects the company to provide solid FY25 operating guidance, implying C$1.85-$1.95 EPS. This should drive modest upward revisions to the Street's C$1.83 forecast....
Kering warns H1 operating profit to tumble as Gucci sales fall
Kering warns H1 operating profit to tumble as Gucci sales fall
Apr 23, 2024
By Mimosa Spencer PARIS, April 23 (Reuters) - French luxury group Kering expects a 40% to 45% plunge in first-half operating profit, it said on Tuesday, after first-quarter sales declined as wealthy shoppers curbed spending on products from its star label Gucci. Sales for the three months ending in March were down 10% on a comparable basis at 4.5 billion...
European firms, banks must boost investment in critical minerals, official says
European firms, banks must boost investment in critical minerals, official says
Apr 23, 2024
LONDON, April 22 (Reuters) - European firms such as automakers and financial institutions need to step up investment in critical minerals for the region to develop domestic sources of the key raw materials for the energy transition, the head of an EU-funded organisation said. The European Union has launched an ambitious roadmap to accelerate production of minerals such as lithium...
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