Uruguayan fintech company dLocal saw its stock surge by over 30% on Wednesday on the news that the payments outfit had tapped former Mercado Libre CFO Pedro Arnt as its new co-CEO. Shares closed up nearly 32% at $20.45, after climbing as high as $24.22 earlier in the day, giving...
As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today announced that it has a $60 million “capital commitment” from strategic investors including Thorney Investment Group, Parea Capital and Motive...
A runner jogs past the Cisco Systems headquarters in San Jose, California, Feb. 8, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in extended trading.Cisco Systems — Shares of the computer networking giant gained about 2.5% after posting fiscal fourth-quarter earnings that beat Wall...
Shoppers at a TJ Maxx store in New York.Scott Mlyn | CNBCCash-strapped consumers may be pulling back on discretionary purchases at Target, but they're spending big on name brands and home goods at off-price TJX Cos. The discounter raised its full-year outlook on Wednesday after posting a 7.7% year-over-year sales...
Target on Wednesday missed quarterly sales expectations and slashed its full-year forecast, as it again had trouble convincing shoppers to buy more than necessities.The big-box retailer cut both its full-year sales and profit expectations. Target offered a gloomier outlook even as some top economists have scrapped calls for a...
Check out the companies making headlines in midday trading.Target — Target shares added 2.9% even after the retailer cut its full-year earnings forecast and second-quarter sales fell short of expectations. The company reported earnings of $1.80 per share on revenue of $24.77 billion. Wall Street analysts surveyed by Refinitiv...
Don’t give up so quickly, all you browbeaten ESG investors. Consider impact investing instead. All the recent political furor surrounding environmental, social and governance investing has an increasing number of investors who were once looking to do well by doing good now saying good riddance to the whole idea of...
A promising opportunity lies on the horizon: the private real estate sector. Conversations with managers have revealed a developing potential within this space. Private real estate, as an asset class, is influenced by various market uncertainties that also impact other sectors. Factors like inflation, rising interest rates and financial challenges...
Every spring across the beaches of the Delaware Bay, thousands of rufa red knots — robin-sized shorebirds — arrive from the tip of South America for the horseshoe crab spawning season to refuel for the remainder of their 9,000-mile migration to the Arctic. This May, with considerably less fanfare,...
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent on Wednesday reported a weaker-than-expected surge in profit for the second quarter, as cost-cutting measures began to pay off and sales rose across...