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Business11h agoTokenization platform Securitize gains 10% postmarket on Q3 results, move into asset-backed financeSecuritize saw growth in tokenization last quarter and announced its expansion into asset-backed finance through the acquisition of River One.CNBC
Business11h agoMexico’s inflation rate rises for third straight month, hitting 3.75%The Bank of Mexico was aware that inflation was still not under control when it lowered interest rates last week, but felt that helping the economy move forward was a higher priority. It may not be able to do that again after the latest inflation rate rise. The post Mexico’s inflation rate rises for third straight month, hitting 3.75% appeared first on Mexico News DailyMexico News Daily
Business11h agoPutin's grasp on Japan Tobacco puts Tokyo under pressureDe Russische president Poetin heeft alle zeven Russische dochterbedrijven van Japan Tobacco onder "tijdelijk" staatsbeheer geplaatst, een maatregel tegen bedrijven uit "onvriendelijke landen". "Wij hebben protest aangetekend en eisen dat de maatregel per direct wordt ingetrokken", verklaart de Japanse kabinetschef Minoru Kihara. De fabrieken draaien door en de ruim 4000 werknemers blijven voorlopig in dienst. Maar het bedrijf achter de sigarettenmerken Camel en Winston is de zeggenschap volledig kwijt. Een flinke klap voor de Japanse staat, met zo'n 37 procent de grootste aandeelhouder van JapNOS Buitenland
Business11h agoA key report for where inflation stood in October comes out Tuesday. Here's what to expectThe CPI headline reading is expected to show an increase of 0.3% while the core is forecast to increase 0.2%.CNBC
Business11h agoPlug Power GAAP EPS of $0.00 beats by $0.06, revenue of $201M beats by $7.67MPlug Power reported a GAAP EPS of $0.00, which surpassed expectations by $0.06, and revenue of $201M, exceeding estimates by $7.67M. This indicates the company's financial performance relative to market predictions.Seeking Alpha Tech
Business11h agoRoivant outlines Investor Day focus as IMVT-1402 targets 85,000 difficult-to-treat RA patientsRoivant has outlined its Investor Day focus, highlighting its IMVT-1402 product which targets a significant number of difficult-to-treat rheumatoid arthritis patients. This informs investors about the company's strategic priorities and product pipeline.Seeking Alpha Tech
Business11h agoSA analyst warns that Wall Street’s rally could be unsustainableAn analyst has issued a warning that the current rally in the Wall Street market might not be sustainable. This suggests potential volatility or correction in the financial markets.Seeking Alpha Tech
Business11h agoU.S. equities ended higher and erased the Election Day lossesU.S. equities concluded trading with gains, effectively recovering the losses incurred on Election Day. This indicates a positive market reaction following recent political events.Seeking Alpha Tech
Business11h agoOil falls amid hopes for a diplomatic solution in the Middle EastCrude oil fell due to expectations of dialogue between the US and Iran after Trump's comments. Brent fell 5.85% and WTI 4.38% in their respective markets. Diplomatic efforts seek to avoid conflicts, but tensions persist over Iran's nuclear program. Saudi Arabia increases production despiteClarín
Business11h agoFederal Reserve Board announces approval of two applications by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc.Federal Reserve Board announces approval of two applications by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc.Federal Reserve
Business11h agoChildren’s Place files for bankruptcy protection, seeks buyerThe Children's Place has filed for chapter 11 bankruptcy protection and is seeking bids from potential new owners by Dec. 9.CNBC
Business11h agoThe Gasoline Tax Yo-Yo and the International Market for Crude OilIn short, a temporary suspension of the federal gasoline tax is a bad idea. It may not be the worst idea produced by the Beltway even recently, but that is classic damnation with faint praise. The post The Gasoline Tax Yo-Yo and the International Market for Crude Oil appeared first on American Enterprise Institute - AEI.AEI
Business11h agoParamount Resources raised at Scotiabank as Kaybob sale clears way for next leg of growthParamount Resources received a raised rating from Scotiabank, as the sale of Kaybob is expected to facilitate future growth for the company. This indicates a positive outlook on the company's financial prospects and strategic direction.Seeking Alpha Tech
Business11h agoMonolithic Power Systems rises 17%, its fifth gain in seven sessionsMonolithic Power Systems saw its stock rise by 17%, marking its fifth gain in seven trading sessions. This indicates a period of strong performance for the company in the market.Seeking Alpha Tech
Business11h agoNvidia has no obvious successor to Jensen Huang — and that's a problemNvidia is coming under fire for having no clear succession plan to replace Jensen Huang in the event that something unexpected happens — like an international incident with him at the center. Why it matters: The spotlight on Huang shows the vulnerabilities of a large company being dependent on one executive — and the risks it poses to investors and customers, corporate governance experts tell Axios.Catch up quick: Huang — who founded the chips giant, serves as its all-powerful CEO and exerts significant influence over the global AI economy — admitted to having an affair with a woman suspected Axios
Business11h agoStallion Group partners with Access BankThe partnership brings 10 exclusive automotive brands and 72 models within reach of customers, thereby making vehicle ownership more accessible. The post Stallion Group partners with Access Bank appeared first on Premium Times Nigeria.Premium Times
Business11h agoAs Nvidia probes Jensen Huang affair, here's the board member likely to play a big roleStephen Neal is the board's lead independent director and head of corporate governance. Experts say how Nvidia handles the probe is crucial to retaining its reputation.CNBC
Business11h agoPepsiCo to cut about 1,000 jobs as North American business strugglesPepsiCo plans to cut about 1,000 jobs across North America as it streamlines operations and works to revive sales in its home market.CNBC
Business12h agoMotorcar Parts of America expects $715M-$740M fiscal 2027 net sales as it cites $60M new annualized awardsMotorcar Parts of America anticipates fiscal 2027 net sales between $715 million and $740 million, driven by $60 million in new annualized awards. This financial projection provides insight into the company's future performance.Seeking Alpha Tech
Business12h agoAbeona outlines mid-2027 start for ABO-801 Phase III as it targets >$750M peak annual revenue potentialAbeona plans to initiate Phase III trials for ABO-801 by mid-2027, aiming for over $750 million in peak annual revenue potential. This outlines a significant development milestone and financial target for the company.Seeking Alpha Tech
Business12h agoCECO outlines 2027 outlook for $2.1B-$2.3B revenue and $475M-$525M adjusted EBITDA as Thermon synergies accelerateCECO projects 2027 revenue between $2.1 billion and $2.3 billion and adjusted EBITDA from $475 million to $525 million, attributing this outlook to accelerated synergies with Thermon. This provides key financial forecasts for the company.Seeking Alpha Tech
Business12h agoVivid Seats reaffirms 2026 outlook of $2.3B-$2.6B GOV and $34M-$40M adjusted EBITDA amid lender recap planVivid Seats has reaffirmed its 2026 financial outlook, projecting $2.3 billion to $2.6 billion in Gross Order Volume and $34 million to $40 million in adjusted EBITDA, amidst a lender recapitalization plan. This indicates the company's financial stability and future expectations.Seeking Alpha Tech
Business12h agoJames Gunn and Peter Safran Are Out as Heads of DC StudiosSkydance, which acquired DC Studios’ parent company weeks ago, announced that the duo would step away from their roles after four years.NYT US
Business12h agoWinners and losers in the managed care repricing divideAn analysis identifies the winners and losers within the managed care repricing sector. This highlights the competitive landscape and financial outcomes in the industry.Seeking Alpha Tech