Global Technologies Ltd. (GTLL)
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Global-E Online Surges After Strong Q1 Results and Upgraded FY24 Outlook
Global-E Online (GLBE +9%) is enjoying solid gains today after surpassing Q1 expectations and raising its FY24 revenue, gross merchandise volume (GMV), and adjusted EBITDA forecasts. Before its Q1 report, GLBE shares had been in a downward trend, dropping nearly 25% this year, largely due to disappointing Q4 results in late February. What does GLBE do? The company is a cross-border e-commerce service provider, helping direct-to-consumer (DTC) online retailers sell internationally. GLBE's services include global payment processing, local tax computation, and managing delivery and returns. The company also helps customers create websites that comply with local regulations. One of its partners is Wix.com (WIX, Financial). Additionally, GLBE manages cross-border fulfillment for merchants. Its annual revenue is evenly split between these two business segments. GLBE faced some challenges recently. Toward the end of last year, shares fell after the company forecasted another quarter of weak revenue growth, impacted by industry-wide inventory issues and significant exposure to the apparel retail market. Investor frustration grew with GLBE's underwhelming FY24 guidance. However, GLBE is now seeing positive trends that boosted its Q1 performance, hinting at a potential turnaround. The key takeaway from GLBE's Q1 report is that trends are starting to favor the company. Investors have been waiting for the SHOP partnership to significantly impact quarterly results since launching Markets Pro in the U.S. in September 2023. As retailers seek to expand internationally to boost their revenues, GLBE offers a significant technological advantage. Current prices present a compelling entry point to capitalize on GLBE's potential turnaround.
Anti-Fraud Platform Launches in US, Appoints Global CEO
Australian payment protection solution Eftsure has tapped tech executive Jon Soldan as global CEO to oversee its expansion to the US.SALT LAKE CITY, OH / ACCESSWIRE / May 20, 2024 / Payment protection solution Eftsure has launched its offering to the U.S. market, as scam losses balloon and artificial intelligence (AI) heightens cyber threats. Headquartered in Australia, the business has also announced the appointment of U.S.-based Jon Soldan as global chief executive officer (CEO) in a bid to protect even more businesses against digital fraud and scams.Jon Soldan Jon Soldan as Global CEOSydney-based co-founder and CEO Mark Chazan will remain chief executive for Australia and New Zealand to ensure continuity and continued advancement in the region. During his tenure, Chazan has overseen a 130% CAGR for the business, with Eftsure being named among the Australian Financial Review's 50 fastest-growing companies."Since Eftsure's inception, we've amassed a unique and growing database containing several million verified vendors and have saved companies hundreds of millions of dollars in thwarted fraud attempts," says Chazan."Eftsure protects hundreds of billions of dollars in business payments across Australia and New Zealand annually. The U.S. tends to be targeted even more heavily - businesses need defensive solutions now, so we want to export what we already do successfully in Australia."Soldan, based in Salt Lake City, Utah, is a highly experienced technology executive who has led teams across a variety of organizations. He has delivered record periods of growth at both large enterprises and startups, including Oracle, Entrata, HealthEquity and Slingshot Technology. He was most recently SVP and GM at real estate software company RealPage."The rise of cybercrime is a problem felt by businesses all over the world, and it is an even bigger issue in heavily targeted countries like the U.S. It is exciting to join such a great team and company, backed by incredible investors (LevelEquity). We are solving very real and urgent problems facing businesses around the world. Eftsure's solution is unique and affordable to customers of all sizes," says Soldan.Across most types of cybercrime, the United States and Australia are consistently ranked as some of the most targeted countries, according to 2023 threat reports like those from Microsoft and Trend Micro. The Federal Bureau of Investigation (FBI) estimates that $50 billion is lost to domestic and international business email compromise (BEC) scams - just one of the fraud risks that Eftsure's payment protection platform helps mitigate.About Eftsure Eftsure is the global market leader in payment fraud prevention. Specifically designed for businesses, our end-to-end solution safeguarded more than AUD $216B in B2B payments last year. Our mission is to build a safer business community. With a large and continuously growing database of verified vendor details (the only one of its kind), we use multi-factor verification to give businesses greater knowledge and control over onboarding vendors, receiving invoices and making payments. In short, we ensure our customers never pay the wrong people.Contact InformationJessica Lombao Media Advantage Account Manager [email protected] ImagesJon Soldan Jon Soldan as Global CEOExecutive TeamSOURCE: EftsureView the original press release on newswire.com.
Global oil markets weaken as sluggish demand leaves overhang
Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark crude futures.
DirectTrust Selected for Amazon Web Services Health Equity Initiative
For the second consecutive year, DirectTrust will receive computing credits and technical expertise from Amazon Web Services for the DirectTrust Directory Improvement Initiative WASHINGTON, DC / ACCESSWIRE / May 20, 2024 / DirectTrust®, a non-profit healthcare industry alliance, standards development, and accreditation body focused on advancing trust in healthcare, today announced that it has been selected for the second-straight year as part of the Amazon Web Services (AWS) Health Equity Initiative, a $60 million, three-year commitment,supporting organizations that are developing solutions to advance health equity. "The continued support from AWS will help us advance our efforts to launching a publicly available version of our DirectTrust Directory, which we believe will become a powerful tool for providers to find their referral partners and to supply additional information about their practices and capabilities," said Scott Stuewe, President and CEO, DirectTrust. "Interoperability cannot happen until providers, care facilities, patients, and social services organizations can communicate and securely transmit information in real time. The DirectTrust Directory represents a giant step in that direction."The latest award will help expand the DirectTrust Directory to include elements of artificial intelligence, machine learning, and generative AI. The grant includes an eight-hour proof-of-concept build with AWS that will help DirectTrust determine whether the Directory changes are proceeding in the right direction. DirectTrust intends to leverage Amazon Q to support the Directory's expansion, with additional add-ons running in DirectTrust's Virtual Private Cloud. The goal of the DirectTrust Aggregated Directory is to build an interactive and publicly available mapping capability with a built-in chatbot that can answer most inquiries in real-time. This feature would enable the display of a robust map of healthcare providers based on the user's basic searches."With the support of AWS, we have made significant strides over the past year to advance our updated Directory. The Health Equity Initiative is one visible sign that AWS values the role that nonprofits can play in the healthcare ecosystem," added Alex Young, Director of Technical Operations, DirectTrust. Through the initiative, AWS offers AWS credits and customized technical expertise to selected organizations around the world that want to use AWS services to improve health outcomes and health equity in any of the following areas: 1) Increasing access to high-quality, culturally responsive health services; 2) Increasing access to responsive social and community support; and 3) Mitigating the impact of climate change on health and quality of life. "AWS believes individual health outcomes should not depend on socioeconomic status, race, ethnicity, or neighborhood," said Danielle Morris, Global Health Equity Lead at AWS. "Cloud technology can help address inequities in global health to expand access to the services people need to live longer, healthier lives-no matter who they are or where they live. Through the AWS Health Equity Initiative, we look forward to helping DirectTrust and other organizations worldwide use the power of cloud computing to advance health equity and improve health outcomes." To learn more about the AWS initiative, visit Click Here DirectTrustDirectTrust® is a non-profit, vendor-neutral alliance dedicated to instilling trust in the exchange of health data. The organization serves as a forum for a consensus-driven community focused on health communication, an American National Standards Institute (ANSI) standards development organization, an accreditation and certification body through EHNAC (the Electronic Healthcare Network Accreditation Commission), and a developer of trust frameworks and supportive services for secure information exchange like Direct Secure Messaging and trusted, compliant document submission.The goal of DirectTrust is to develop, promote, and, as necessary, help enforce the rules and best practices necessary to maintain privacy, security, and trust for stakeholders across and beyond healthcare. In addition, DirectTrust is committed to fostering widespread public confidence in the interoperable exchange of health information while promoting quality service, innovation, cooperation, and open competition in healthcare. To learn more, visit: DirectTrust.org.###Press contact information:Tom Testa Anderson [email protected]: DirectTrust™
News Highlights : Top Global Markets News of the Day - Sunday at 11 PM ET
China Benchmark Lending Rates Held Steady The country's benchmark lending rates were held steady this month, central bank data showed Monday after Beijing announced bold moves to address property-sector malaise. Stocks may rise into the summer. These 3 risks could derail the rally. Given how stocks have reacted to the latest flurry of mixed economic data, a summertime rally feels almost inevitable. Still, investors would be remiss not to consider the myriad risks that could possibly derail it. Stock Futures Tick Up Minutes from the Federal Reserve's policy meeting earlier this month will be released on Wednesday. Week Ahead for FX, Bonds: PMI Surveys, Asia Central Banks in Focus Key data from the U.S., Europe and U.K. will share the stage with a raft of central bank decisions out of Asia-Pacific, as the timing of interest rate cuts stays front of mind for investors. Dimon Led Bank CEOs to Fend Off Tougher Capital Rules Regulators discuss slashing proposed capital requirements in sign of banks' increasing clout. Tariffs Push Up Costs. But Not Always Inflation Biden's decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs. Gold Is at Record Levels. Its Future Still Looks Bright. Rate cuts. a weaker dollar, and more geopolitical concerns could help the price. Want to Buy SpaceX Stock? You Have to Know Someone Shares in Elon Musk's rocket and satellite company are a hot ticket for investors, but SpaceX tightly controls access. JPMorgan Reshuffled Its Top Ranks. Investors Will Hear From Dimon's Possible Successors. Several top executives are set to present their first public comments since the bank's sweeping management changes earlier this year. Japan's Beef With a Weak Yen: The Best Wagyu Is Just for the Tourists The nation's pride takes a hit as dollar-wielding visitors enjoy pleasures few locals can afford. (END) Dow Jones Newswires 05-19-24 2315ET
Adtalem Global Education: A Leading Healthcare Educator In A Growing Industry
ATGE has demonstrated robust revenue growth and strong profit margins over the past three years. ATGE's 3Q24 earnings showed year-over-year revenue growth of 11.8%, driven by growth in enrollment and tuition rates. The healthcare industry is facing significant labour shortages, which are expected to impact hospitals growth targets and outlook. ATGE plays a crucial role in training and providing healthcare professionals.
IMPORTANT INVESTOR ALERT: The Schall Law Firm Encourages Investors in Global Cord Blood Corporation with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Global Cord Blood Corporation ("Global Cord" or "the Company") (OTC PINK:CORBF) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between June 4, 2019 and May 3, 2022, inclusive (the "Class Period"), are encouraged to contact the firm before June 24, 2024.
IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, Inc. ("Remitly" or "the Company") (NASDAQ:RELY) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Encourages Investors in Global Cord Blood Corporation with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Global Cord Blood Corporation ("Global Cord" or "the Company") (OTC PINK:CORBF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between June 4, 2019 and May 3, 2022, inclusive (the "Class Period"), are encouraged to contact the firm before June 24, 2024.
IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, Inc. ("Remitly" or "the Company") (NASDAQ:RELY) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Tiger Global Is Betting on RDDT Stock After the Reddit IPO
Reddit (NYSE: RDDT ) stock is in the spotlight after Chase Coleman's Tiger Global revealed a stake in the online community forum through its first-quarter 13F. Institutional investors are required to submit a 13F filing 45 days after the end of each quarter.
Kolibri Global Energy Inc (KGEI) Q1 2024 Earnings Call Transcript
Kolibri Global Energy Inc (NASDAQ:KGEI ) Q1 2024 Results Conference Call May 14, 2024 12:00 PM ET Company Participants Wolf Regener - President, CEO & Director Gary Johnson - Chief Financial Officer Conference Call Participants John White - ROTH Capital Jeff Robertson - Water Tower Research Operator Good day, and welcome to the Kolibri Global Energy First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
