Fool.com contributor Parkev Tatevosian considers Fiverr (NYSE: FVRR) and Roblox (NYSE: RBLX) under the current macroeconomic backdrop and determines which stock he would rather buy today. *Stock prices used were the afternoon prices of Sept.
Futures jumped in a day 2 stock market reaction to Wednesday's big Fed rate cut. Here's what to do.
The Bank of England held interest rates at 5.0% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds over the coming 12 months, weighing on the government's finances. The Monetary Policy Committee voted 8-1 to keep rates on hold, with only external member Swati Dhingra voting for a further quarter-point rate cut after the BoE last month delivered its first reduction to borrowing costs since 2020. On Wednesday, the U.S. Federal Reserve cut interest rates by 0.5 percentage points - a larger-than-expected move that reflected the Fed's confidence that inflation pressures were cooling.
Handle these banking tasks remotely at your own risk.
Citizens JMP director of financial technology research Devin Ryan joins Market Domination to discuss his top crypto and fintech plays and the sectors' outlook as the election looms ahead. Ryan points to Robinhood (HOOD) as a buying opportunity despite it trading at 11 times its 2025 EBITDA (earnings before interest, taxes, depreciation, and amortization) estimate. "You can make an argument that there's still a long way to go," Ryan says, pointing to the fact that, he says, the company has grown its revenues by 40% this year and made more money in the first half of 2024 than they did in all of 2023 all while keeping expenses low. He also sees Goldman Sachs (GS) as a good opportunity, noting that it is a "pure play on a capital markets recovery." He explains, "We've been in this incredibly depressed capital markets environment the last two and a half years... So if you think we're going to recover there, which lower interest rates, more risk-on, and just purely time going by, Goldman is going to be more levered to that." However, he notes that Morgan Stanley (MS) is in a weaker position despite it being a "stable" company. Ryan argues "wealth management has benefited from higher interest rates. As rates come down, you get a little bit of a headwind from interest rates. So what's been a benefit becomes a little bit of a headwind. And so they're less of a pure play on that capital markets story." As the presidential election lies less than two months away, Ryan explains that the Trump campaign is running on less regulation than the Harris campaign, making it a "friendlier administration for fintech, for crypto." He adds, "The voting bloc is becoming much more pro-crypto, there's more people that have exposure to crypto in the United States." Thus, single-issue voters are going to be very important in this upcoming election. He believes that because of this the Harris administration will likely roll out "more constructive" policy than the Biden administration has over the last four years. "That doesn't necessarily mean everything's going to be great, that the industry wants. But I think we're moving the pendulum more toward the middle," he concludes. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
In 1959, Martin Cooper's job as an engineer at Motorola led him to AT&T's Bell Labs on a project. The goal was to develop mobile phones.
Q4 GAAP revenues of $562.2 million, up 4.9% from Q4 2023.Organic Q4 ASV plus professional services of $2,272.8 million, up 4.8% year over year.Q4 GAAP operating margin of 22.7%, up approximately 110 bps year over year, and adjusted operating margin of 35.8%, up 240 bps from the prior year.Q4 GAAP diluted EPS of $2.32, up 38.1% from the prior year, and adjusted diluted EPS of $3.74, up 23.8% year over year.FactSet is providing fiscal 2025 guidance, with expected organic ASV growth of 4% - 6%, GAA
MONTREAL, Sept. 19, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to congratulate its client EarthGrid, which announced yesterday that it has signed a joint venture agreement with EnerTech, a
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Autolus Therapeutics plc (Nasdaq: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, announced the appointment of Matthias Will, M.D., as Chief Development Officer. Dr. Will is joining Autolus’ executive team and will lead the company's development organization effective September 30, 2024. “Matthias has a proven track record of success in pharmaceutical product development, achieving many key regul
–Achilles to discontinue development of TIL-based cNeT therapy– –Cash position of $95.1 million as of June 30, 2024– –BofA Securities engaged to provide strategic financial advice– LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Achilles Therapeutics plc (NASDAQ: ACHL) today announced the discontinuation of its TIL-based cNeT program and closure of the Phase I/IIa CHIRON and THETIS clinical trials. The Company will refocus its strategy to explore further engagement with third parties who are developi
HIGHLIGHTS: ATHA Energy has expanded its land package at the Angilak Project, acquiring the entire prospective Lac 50 structural corridor and an additional prospective parallel corridor. Both prospective corridors are related to the Snowbird Tectonic Zone, a deep crustal structure that extends from the Athabasca Basin, host to some of the largest and highest-grade uranium deposits globally, through to the Angikuni Basin, which hosts the Lac 50 Uranium Deposit.The Company has staked an additional
BETHESDA, Md., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Today, the Addiction Policy Forum released new fentanyl awareness resources available in 12 languages to help increase knowledge of fentanyl-related overdose risks. The project is supported by the Cencora Impact Foundation and the Ethnic Communities Opioids Response Network – Missouri (ECORN-MO) to provide open-source, science-backed prevention materials for communities and families with limited English proficiency. Recent reports from the Center
ONTARIO, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Heritage Grocers Group (“Heritage” or “HGG”), one of the leading Hispanic food retailers in the country, is pleased to announce its portfolio of companies that includes Cardenas Markets, El Rancho Supermercado and Tony’s Fresh Market has officially kicked off a series of initiatives to celebrate Hispanic Heritage Month, which takes place now through October 15. Each Heritage banner company continues to honor Hispanic heritage and will hold vari
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | U.S.OTC: ASGOF) (“Asante” or the "Company") is pleased to announce that it has received approval from the Securities and Exchange Commission of Ghana and the Ghana Stock Exchange (collectively, the “Ghana Regulatory Authorities”) for the filing of a base shelf prospectus (the “Base Shel
NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Tiziana Life Sciences, Ltd. (Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies with its lead development candidate, intranasal foralumab, a fully human, anti-CD3 monoclonal antibody, today announced the National Institutes of Health (NIH), National Institute on Aging have awarded a $4 Million grant to Dr. Howard Weiner as principal investigator at Brigham and Women’s Hospital to be t
NAPLES, Fla., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group Inc. (Nasdaq: BBGI), a multi-platform media company (the “Company”), today announced that its Board of Directors (the “Board”) has approved a reverse stock split of its Class A Common Stock and Class B Common Stock (collectively, the “Common Stock”) at a ratio of 1-for-20. Stockholders previously approved the reverse stock split on August 26, 2024 and provided the Board with discretion to determine the final reverse stock s
Second quarter revenue of US$20.7 million, up 24% Year-Over-YearSINGAPORE, Sept. 19, 2024 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced financial results for the quarter ended June 30, 2024. Management Commentary: Rohith Murthy, Chief Executive Officer, stated, ”I am pleased to report that MoneyHero Group delivered another st
Installation and Qualification Successfully Completed for Closed-System Filler for Pre-Filled Syringes, Vials, and Cartridges Offers State-of-the-Art Speed and Aseptic Isolation Required for Fill/Finish of Latest Sterile Injectable Pharmaceutical and Biopharmaceutical Products Current Capacity More than Doubles with New Filler CHASKA, Minn., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. (NASDAQ: LFCR) (“Lifecore”), a fully integrated contract development and manufacturing organiza
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ) (“Arqit” or the “Company”), a leader in quantum safe encryption, today announces that, following approval by the Company’s shareholders at its annual general meeting held on September 18, 2024, the Company’s Board of Directors has determined to effect a 25:1 reverse share split (the “25:1 Reverse Share Split”). Accordingly, the authorized share capital of the Company will be consolidated as follows: from US$50,000 divid
SHOHAM, Israel, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, is pleased to invite investors to a webinar on September 25, 2024, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature Mobilicom Founder and CEO Oren Elkayam, who will share insight into the company’s recent successes and near-term growth initiatives, as well as its comprehensive and proprietary technology suite.
VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today announced a partnership with VRIFY which incorporates VRIFY’s cutting-edge Artificial Intelligence (“AI”) mineral targeting platform. This partnership aims to both accelerate and enhance the mineral discovery process by taking an unbiased data-driven approach combined with traditional geoscience methods to quickly identify areas with the hi
Yahoo Finance