Forex trading portal #1 https://forex-1.info/ Best forex trading portal | News, Analytics, Absolutely free forex signals, profit strategies and lessons for newbie traders Tue, 19 Dec 2023 22:09:45 +0000 en-US hourly 1 https://forex-1.info/wp-content/uploads/2017/05/cropped-logo-1-32x32.jpg Forex trading portal #1 https://forex-1.info/ 32 32 Affirm Stock Jumps 15% as It Expands Its Buy Now, Pay Later Relationship With Walmart https://forex-1.info/stock/affirm-stock-jumps-15-as-it-expands-its-buy-now-pay-later-relationship-with-walmart.html https://forex-1.info/stock/affirm-stock-jumps-15-as-it-expands-its-buy-now-pay-later-relationship-with-walmart.html#respond Tue, 19 Dec 2023 22:09:45 +0000 https://forex-1.info/stock/affirm-stock-jumps-15-as-it-expands-its-buy-now-pay-later-relationship-with-walmart.html Trending Videos Takeaways Shares of Affirm Holdings gained 15% to their highest level since February 2022, as the payment network expanded its buy now, pay later (BNPL) relationship...

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Takeaways

  • Shares of Affirm Holdings gained 15% to their highest level since February 2022, as the payment network expanded its buy now, pay later (BNPL) relationship with Walmart .
  • The company's BNPL option will now be offered to shoppers using Walmart's self-checkout kiosks.
  • According to Affirm, a study indicated that a majority of customers wanted the BNPL choice at checkout.

Shares of Affirm Holdings (AFRM) rose 15% on Tuesday after the payment network announced that it had expanded its buy now, pay later (BNPL) relationship with Walmart (WMT).

The company said its BNPL feature would be available to customers at self-checkout kiosks in 4,500 Walmart stores in the United States.

Pat Suh, senior vice president of revenue at Affirm, said recent research from the company showed that 54% of Americans want retailers to offer the BNPL option at checkout. She added that providing this service at Walmart will “help even more consumers increase their purchasing power during the holiday shopping season and beyond.”

Affirm explained that, with In Walmart stores, its BNPL feature is available on walmart.com, the Walmart app, and at Walmart Vision and Auto centers across the United States.

The actions of Affirm Holdings gained 15% to close Tuesday at $50.46, their highest level since February 2022.

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Accenture benefits from AI, but warns business spending slows https://forex-1.info/stock/accenture-benefits-from-ai-but-warns-business-spending-slows.html https://forex-1.info/stock/accenture-benefits-from-ai-but-warns-business-spending-slows.html#respond Tue, 19 Dec 2023 19:10:49 +0000 https://forex-1.info/stock/accenture-benefits-from-ai-but-warns-business-spending-slows.html Trending Videos Takeaways Accenture reported better-than-expected results thanks to increased AI-driven bookings. US sales fell, but rose across markets foreigners of the company. New bookings increased, with a...

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Takeaways

  • Accenture reported better-than-expected results thanks to increased AI-driven bookings.
  • US sales fell, but rose across markets foreigners of the company. New bookings increased, with a big gain for AI-related ones.
  • Accenture's current quarterly guidance missed estimates due to slowing client discretionary spending.

Shares of Accenture (ACN) swung between gains and losses in early trading Tuesday after the professional services company beat profit and sales estimates thanks to gains in artificial intelligence bookings ( AI), but gave weaker-than-expected forecasts as customers cut spending. ; 

The Dublin-based company reported earnings of $3.27 per share in the first quarter of fiscal 2024, with revenue up 3% from last year for reach 16.22 billion dollars. Both were above expectations.

Sales increased by 9% in the Europe, Middle East and Africa segment, and by 2% in growth markets. They fell by 1% in North America. New bookings jumped 14% from the third quarter to $18.45 billion.

CEO Julie Sweet noted that the company had 30 clients with quarterly bookings of more than $100 million. Additionally, it recorded over $450 million in new bookings related to generative AI.

Accenture expects fiscal second quarter revenue to be in a range of $15.40 to $16 billion. Analysts expected $16.25 billion.

Sweet explained that ;Accenture saw a continued decline in discretionary spending, which negatively impacted its consulting work.

The actions of Accenture were 0.4% lower at $340.43 per share around 12:30 p.m. AND. They added about a quarter of their value in 2023.

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These iconic American companies have foreign ownership https://forex-1.info/stock/these-iconic-american-companies-have-foreign-ownership.html https://forex-1.info/stock/these-iconic-american-companies-have-foreign-ownership.html#respond Tue, 19 Dec 2023 16:09:47 +0000 https://forex-1.info/stock/these-iconic-american-companies-have-foreign-ownership.html Trending Videos Takeaways Japan's Nippon Steel Corporation announced Monday the acquisition of Pittsburgh-based U.S. Steel. United States Steel joins several other iconic American companies that have been acquired...

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Takeaways

  • Japan's Nippon Steel Corporation announced Monday the acquisition of Pittsburgh-based U.S. Steel.
  • United States Steel joins several other iconic American companies that have been acquired by foreign owners .
  • Anheuser-Busch, Chrysler and Firestone are some examples of companies that have been acquired by non-US companies.

Its name may refer to the United States of America, but U.S. Steel (X) should be owned by a non-American company.

Japan's largest steelmaker announced it was buying the Pittsburgh-based steelmaker for $14.9 billion. U.S. Steel is set to join several other iconic American companies that have been acquired by foreign owners.

Here are four seemingly all-companies American companies bought by foreign companies.

Anheuser-Busch

In 2008, Belgian multinational beverage and brewery company InBev acquired St. Louis-based Budweiser maker Anheuser-Busch, creating AB InBev (BUD).

The merger created the One of the five largest consumer products companies in the world that produces some of the best-selling beers in the United States.

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VF Corp., owner of Vans and North Face, fell more than 7%: here's why https://forex-1.info/stock/vf-corp-owner-of-vans-and-north-face-fell-more-than-7-here-39-s-why.html https://forex-1.info/stock/vf-corp-owner-of-vans-and-north-face-fell-more-than-7-here-39-s-why.html#respond Tue, 19 Dec 2023 00:10:48 +0000 https://forex-1.info/stock/vf-corp-owner-of-vans-and-north-face-fell-more-than-7-here-39-s-why.html Trending Videos Takeaways VF Corp. shares fell after the owner of the Vans and North Face brands warned that its business operations were disrupted following a cyberattack. VF...

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Takeaways

  • VF Corp. shares fell after the owner of the Vans and North Face brands warned that its business operations were disrupted following a cyberattack.
  • VF Corp. said online orders could be placed, but that the company's ability to fulfill those orders “is currently impacted.”
  • VF said it was trying to get back into shape affected IT systems online and implemented workarounds for some offline operations.

Shares of VF Corp. (VFC) fell more than 7% on Monday after the owner of shoe and clothing brands Vans and North Face warned that the company's business operations had been disrupted by a cyberattack.

VF said in a regulatory filing Monday that the hacker encrypted some computer systems and stole data, including personal information. The company said it opened an investigation “with leading external cybersecurity experts,” activated its incident response plan and shut down some systems. VF said the hack was first detected on December 13.

VF said that ;it was working to “get the affected portions of its IT systems back online and implementing workarounds for some offline operations.”

The company said all of its retail stores were open and consumers could purchase available goods. However, it is experiencing “some operational disruptions”. Orders can be placed online, but VF's ability to fulfill these orders “is currently impacted.”

The company said the scope, nature and effects of the hack remain to be determined, although “the incident has had and is reasonably likely to continue to have a material impact” on its operations until until the recovery work is completed.

VF Corp. shares. fell 7.8% to $18.36 per share Monday following the news. With Monday's drop, shares of VF Corp. have lost more than a third of their value this year.

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Nio stock jumps after $2.2 billion cash infusion from Abu Dhabi investment firm https://forex-1.info/stock/nio-stock-jumps-after-2-2-billion-cash-infusion-from-abu-dhabi-investment-firm.html https://forex-1.info/stock/nio-stock-jumps-after-2-2-billion-cash-infusion-from-abu-dhabi-investment-firm.html#respond Mon, 18 Dec 2023 23:10:48 +0000 https://forex-1.info/stock/nio-stock-jumps-after-2-2-billion-cash-infusion-from-abu-dhabi-investment-firm.html Trending Videos Takeaways Nio Inc. shares rose Monday after the Chinese automaker said it would receive a $2.2 billion cash infusion from investment firm CYVN, majority-owned by the...

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Takeaways

  • Nio Inc. shares rose Monday after the Chinese automaker said it would receive a $2.2 billion cash infusion from investment firm CYVN, majority-owned by the government of Abu Dhabi.
  • CYVN is paying $7.50 per share, 6% lower than Nio's closing price on Friday.
  • After closing the transaction, CYVN will own a 20.1% stake in Nio.

Nio’s American Depository Receipts (ADRs) Inc. (NIO) jumped 5% on Monday after the Chinese electric vehicle (EV) maker announced that an investment company majority-owned by the Abu Dhabi government would buy $2,000,000. $2 billion worth of Nio stock.

Nio said CYVN would pay $7.50 per share in the transaction, 6% below Nio's closing price last Friday.

The automaker said CYVN had already invested $738.5 million in Nio in July and the company also acquired certain Class A common shares from a subsidiary of Tencent Holdings Ltd. (TCEHY) for $350 million. Nio added that with this new acquisition, CYVN would hold a 20.1% stake in the company.

Nio said in its announcement that CYVN would have the right to appoint two directors to the board of directors once the transaction closes, provided it continues to hold at least 15% of Nio's shares. The investment firm could add a member if it had a 5-15% stake.

Chairman and Chief Executive Officer (CEO ) William Bin Li said that with CYVN's cash injection improving its balance sheet, “Nio is well prepared to refine its brand positioning, strengthen its sales and service capabilities and invest for the long term in core technologies to navigate an increasingly intense competitive landscape. “.

Even with the winnings As of Monday, Nio's ADRs are down for 2023.

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SunPower stock plunges as it warns debt could threaten businesses https://forex-1.info/stock/sunpower-stock-plunges-as-it-warns-debt-could-threaten-businesses.html https://forex-1.info/stock/sunpower-stock-plunges-as-it-warns-debt-could-threaten-businesses.html#respond Mon, 18 Dec 2023 22:10:48 +0000 https://forex-1.info/stock/sunpower-stock-plunges-as-it-warns-debt-could-threaten-businesses.html Trending Videos Takeaways SunPower Corp. shares fell more than 30% after the solar company warned it could go bankrupt if its creditors decided to demand immediate payment of...

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Takeaways

  • SunPower Corp. shares fell more than 30% after the solar company warned it could go bankrupt if its creditors decided to demand immediate payment of its debt.
  • The supplier of Solar Energy Equipment and Services said it would not have sufficient liquidity to cover normal business operations if it had to pay its obligations.
  • The company has received a temporary waiver until January 19 and has indicated that it is seeking additional waivers and other funding alternatives. .

Shares of SunPower Corp. (SPWR) plunged more than 30% as the solar energy equipment and services provider warned it may not be able to stay in business after failing to repay its debt.

The company said it violated a credit agreement when it failed to report its third-quarter financial results on time, and creditors could demand immediate payment of the $65.3 million owed.

This would mean that SunPower “would not have sufficient liquidity to meet its obligations and pay its debts arising from normal business operations as they become due.” According to the solar company, if this happened, “there would be substantial doubts about the company's ability to continue as a going concern.”

SunPower said it received a temporary waiver from its creditors earlier this month, allowing it to suspend compliance with its covenants until Jan. 19, 2024. It said management was “seeking additional waivers and was evaluating various financing alternatives. to raise liquidity and meet its liquidity needs.

In October, SunPower announced that it would restate financial results for 2022 and the first and second quarters of this year due to issues with how its inventory was valued.

SunPower shares climbed Friday after Jefferies initiated coverage on the stock with a “hold” rating. With Monday's reversal, the stock has lost about three-quarters of its value this year.

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Illumina gives up fight against regulators and will sell GRAIL https://forex-1.info/stock/illumina-gives-up-fight-against-regulators-and-will-sell-grail.html https://forex-1.info/stock/illumina-gives-up-fight-against-regulators-and-will-sell-grail.html#respond Mon, 18 Dec 2023 21:11:51 +0000 https://forex-1.info/stock/illumina-gives-up-fight-against-regulators-and-will-sell-grail.html Trending Videos Takeaways Illumina Inc. has decided to end its controversial purchase of GRAIL and will divest from the cancer diagnostic test maker. The deal clashed with the...

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Takeaways

  • Illumina Inc. has decided to end its controversial purchase of GRAIL and will divest from the cancer diagnostic test maker.
  • The deal clashed with the opposition from regulators in the United States and Europe when the DNA sequencing company closed its doors on the GRAIL transaction before receiving approval.
  • Activist investor Carl Icahn also blasted the decision and launched a proxy fight at Illumina that helped him secure a board seat.

The purchasing saga controversial DNA sequencing company Illumina Inc. (ILMN) from cancer diagnostic test maker GRAIL appears to be over.

The company announced Sunday that it divested from GRAIL following significant opposition from regulators and activist investor Carl Icahn.

Illumina separated from GRAIL in 2016 and then repurchased it in September 2020. It closed the transaction, then valued at $8 billion, in August 2021 before obtaining the 39;s regulatory approval. U.S. and European officials opposed the move, saying the combination would hurt innovation and raise prices.

As the legal battles raged, Icahn lambasted the decision to move forward before obtaining approval and launched a proxy fight, ultimately winning a seat on the board of directors. #39;administration and ousting President John Thompson.

Friday, a court The federal appeals court ordered the Federal Trade Commission (FTC) to conduct another review of the merger, but noted that the FTC had substantial evidence to block the deal.

The company said in a statement that It would not pursue further appeals and would divest GRAIL through a third-party sale or equity transaction. CEO Jacob Thaysen said Illumina would accelerate the process and that he and the management team “continue to focus on our core business and supporting our customers.”

The actions of Illumina rose more than 2% around midday Monday, but they have lost more than a third of their value so far this year.

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IBM to buy Software AG's cloud computing and AI assets for $2.3 billion https://forex-1.info/stock/ibm-to-buy-software-ag-39-s-cloud-computing-and-ai-assets-for-2-3-billion.html https://forex-1.info/stock/ibm-to-buy-software-ag-39-s-cloud-computing-and-ai-assets-for-2-3-billion.html#respond Mon, 18 Dec 2023 19:10:49 +0000 https://forex-1.info/stock/ibm-to-buy-software-ag-39-s-cloud-computing-and-ai-assets-for-2-3-billion.html Trending Videos Takeaways IBM will pay $2.3 billion to acquire European company Software AG's AI and hybrid cloud offerings. The company German software company is 93.3% owned by...

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Takeaways

  • IBM will pay $2.3 billion to acquire European company Software AG's AI and hybrid cloud offerings.
  • The company German software company is 93.3% owned by private equity firm Silver Lake.
  • The transaction is expected to close in the second quarter of 2024.

International Business Machines Corp. (IBM) announced Monday that it will buy Software AG's enterprise integration platforms for 2.13 billion euros ($2.33 billion) to strengthen its capabilities. artificial intelligence and cloud computing.

IBM will acquire Software AG's StreamSets and webMethods platforms, which make up its “Super Ipaas” business, used by 1,500 customers worldwide. The all-cash transaction is expected to be completed by the second quarter of 2024.

IBM said the deal is part of a goal to enhance its AI and hybrid cloud offerings through strategic M&A deals, and will add to capabilities watsonx data ingestion. IBM cited an IDC study that predicts the global integration software market will exceed $18.0 billion in 2027, with a compound annual growth rate of 16%.

'This powerful combination helps drive innovation while preparing businesses for AI, regardless of where applications or data resides,' said Rob Thomas, senior vice president at IBM.

Software AG is owned at 93 .3% by private equity firm Silver Lake, which has been involved in takeover proceedings for months and announced a simultaneous delisting offer for Software AG at 32 euros ($34.96) per share.

IBM shares were in slight drop Monday morning but are up almost 15% per year – to date.

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Steel Dynamics Stock Jumps as Company Issues Strong Guidance for Current Quarter https://forex-1.info/stock/steel-dynamics-stock-jumps-as-company-issues-strong-guidance-for-current-quarter.html https://forex-1.info/stock/steel-dynamics-stock-jumps-as-company-issues-strong-guidance-for-current-quarter.html#respond Mon, 18 Dec 2023 17:11:19 +0000 https://forex-1.info/stock/steel-dynamics-stock-jumps-as-company-issues-strong-guidance-for-current-quarter.html Trending Videos Takeaways Steel Dynamics' current quarterly forecasts were higher than analysts' forecasts. estimates, and its shares rose. The steel producer and scrap metal recycler said order activity...

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Takeaways

  • Steel Dynamics' current quarterly forecasts were higher than analysts' forecasts. estimates, and its shares rose.
  • The steel producer and scrap metal recycler said order activity “remains strong”; through 2024.
  • The company said it repurchased nearly 8% of its shares this year.

Steel Dynamics shares ( STLD) rose after the steel producer and scrap metal recycler gave guidance for the current quarter that beat expectations for strong orders.

The company said it expects fourth-quarter earnings per share (EPS) in the range of $2.60 to $2.64. Analysts expected $2.40. Earnings were $3.47 per share in the third quarter and $3.61 per share a year ago.

Steel Dynamics explained that steel ordering activity “remains strong, as evidenced by extended order lead times and recent price increases heading into the first quarter of 2024.”

However, the company noted that profit from its steel operations would be lower than in the third quarter due to a steady decline in shipments and a contraction in metal spreads, with prices lower than expected for flat rolled steel. The steel producer added that it had benefited from lower scrap costs.

Regarding its recycling operations metals, Steel Dynamics said expanding metals spreads helped offset lower volumes caused by lower demand as domestic steel mills experienced maintenance outages.

The company said steelmaking profits were affected by lower shipments and sales values, as well as higher costs.

In addition to the outlook, Steel Dynamics said it has repurchased $1.4 billion, or nearly 8 percent, of its shares so far this year.

Steel Dynamics shares have rose 4.5% to close Friday's session at $124.52. The stock is up 31% for the year.

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Stanley Black & Decker sells infrastructure unit to focus more https://forex-1.info/stock/stanley-black-decker-sells-infrastructure-unit-to-focus-more.html https://forex-1.info/stock/stanley-black-decker-sells-infrastructure-unit-to-focus-more.html#respond Fri, 15 Dec 2023 22:09:46 +0000 https://forex-1.info/stock/stanley-black-decker-sells-infrastructure-unit-to-focus-more.html Trending Videos Takeaways Stanley Black & Decker Inc. sold its portable hydraulic attachments and tools unit to Sweden's Epiroc AB for $760 million. The deal is part of...

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Takeaways

  • Stanley Black & Decker Inc. sold its portable hydraulic attachments and tools unit to Sweden's Epiroc AB for $760 million.
  • The deal is part of part of Stanley's efforts to streamline its operations.
  • The company said it would use money from the sale to pay down debts.

Stanley Black & Decker Inc. (SWK) announced Friday that it is selling its portable hydraulic tool and accessory businesses to Swedish mining equipment maker Epiroc AB as part of its efforts to focus more about its main activity.

The manufacturer of Tools said Epiroc would pay $760 million in cash for the unit, known as Stanley Infrastructure, and would use the money to reduce its debt.

CEO Donald Allan Jr. said the move “demonstrates our commitment to maximizing shareholder value through active portfolio management.” He added that “simplification” is a critical part of Stanley's strategic transformation, “and this transaction will help us sharpen our focus on value creation opportunities across our core businesses while supporting our allocation priorities.” of capital”.

The company has not provided a timetable for the expected conclusion of the agreement. He noted that the division will remain active and will not be classified as discontinued operations until the sale is completed. Stanley said the sale would result in a pre-tax non-cash charge of approximately $100 million to $150 million related to asset impairment.

Stanley Black & Decker was down 2.78% Friday afternoon at $98.67, but they have gained a third of their value this year.

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