WiseTech Global said on Monday it has appointed Chris Charlton and Andrew Harrison as independent non-executive directors to its board, in a move to make its audit and risk committee compliant with exchange regulations.
Protesters gathered outside Tesla showrooms around the world on Saturday as part of a global day of action against billionaire chief executive Elon Musk. The protest is part of the Tesla Takedown movement — a grassroots campaign that calls for people to boycott Tesla, sell their shares and join local picket lines in a peaceful demonstration against Musk's influence
Remitly's digital-first approach and AI integration have driven significant growth in revenue, active customers, and operational efficiency, making it a compelling investment. The company has shown impressive international expansion, with 80% growth since 2020. Despite a competitive landscape and potential risks from cryptocurrency and policy changes, Remitly's strong execution and strategic positioning offer a promising outlook.
Goldman Sachs analyst Stephen Laszczyk on Thursday initiated coverage of the shares of Sphere Entertainment Co SPHR with a Buy rating and a price forecast of $42.00.
BNP Paribas's UK head of global banking Matthew Ponsonby has resigned from his positions, the bank said on Friday.
If you're interested in broad exposure to the Small Cap Blend segment of the US equity market, look no further than the Global X Russell 2000 ETF (RSSL), a passively managed exchange traded fund launched on 06/04/2024.
Abacus Global Management (NASDAQ:ABL) reported a 40% increase in fourth-quarter revenue, reaching $33.2 million, as the alternative asset manager expanded its operations through strategic acquisitions and capital deployment. For the full year 2024, revenue surged 69% to $111.9 million, while adjusted net income climbed 58% to $46.5 million.
Kimberly-Clark has streamlined its portfolio and footprint, focusing on acquisitions and divestitures to accelerate organic revenue growth, earning a ‘Buy' rating with a fair value of $151 per share. The company's Integrated Margin Management approach has optimized expenses, expanded margins, and contributed to 3.2% organic revenue growth and 15.6% adjusted operating profit growth in FY24. Despite slow growth historically, strategic acquisitions like Thinx and divestitures like Neve tissue brand in Brazil support future above-market growth and portfolio optimization.
Dan Ives, senior equity research analyst at Wedbush Securities, says auto tariffs unveiled by President Donald Trump would be a "gut punch" to Detroit as he examines the potential impact on General Motors, Ford, and Stellantis, as well as Tesla.
Nubank's core financial services segment is performing well, as revenues and margins continue to grow off the back of efficient user acquisition and deepening monetization. NU's potential to evolve into a super app by leveraging its brand in new markets like e-commerce, travel, and cellular services, could drive higher growth for the long term. The company's valuation is compelling, with forward multiples suggesting significant upside potential, making it an attractive investment opportunity.
Paul Watters, head of European credit research at S&P Global Ratings, unpacks the outlook for European credit.
GPN strategically forms high-impact partnerships and invests in technology advancements.