Author: Press Room
After a 50% decline over the last twelve months, at the current price of around $91 per share, we believe Expedia’s stock (NASDAQ NDAQ : EXPE), a travel company providing everything from airline tickets, to hotel rooms, and car rentals – could see a rebound in the longer term. EXPE stock has declined from around $181 to $91 over the last twelve months, underperforming the broader indices, with the S&P falling about 9% over the same period. The company’s stock traded lower as anxiety over a potential recession and higher interest rates have swept over the entire travel sector. Despite…
The Biden administration has enacted sweeping student loan initiatives over the last two years, including a mass student loan forgiveness plan and multiple extensions of the ongoing student loan pause. But these plans are under attack in both Congress and the courts as challengers seek to halt this student debt relief. And the attacks are escalating. Here’s the latest. Republicans In Congress Will Try To Repeal Student Loan Forgiveness And Extension Of Student Loan Pause Congressional Republicans have introduced a resolution under the Congressional Review Act (CRA) to repeal President Biden’s student loan forgiveness initiative, which would cancel up to…
Apple’s worldwide computer shipments fell 40.5% year over year in the first quarter of 2023, amid a broader contraction in consumer demand, according to research firm IDC.All five of the largest computer makers — Apple, ASUS, Dell, HP and Lenovo — saw double-digit drops in first-quarter shipments, reflecting weaker demand and persistent inventory woes. But Apple’s decline was the biggest of the bunch.Apple’s worldwide PC market share dropped between the first quarter of 2022 and the first quarter of 2023, from 8.6% to 7.2%, according to IDC data. The company shipped 2.8 million fewer devices year over year in the…
Tupperware shares fell nearly 40% in early trading Monday following a bleak warning that its future is looking murky. In a regulatory filing late Friday, the container maker said there’s “substantial doubt about the company’s ability to continue as a going concern,” and that it’s working with financial advisers to find financing to stay afloat. Tupperware said it won’t have enough cash to fund its operations if it doesn’t secure additional money. The company said it is exploring potential layoffs, and it’s reviewing its real estate portfolio for potential money-saving efforts. The New York Stock Exchange also warned that Tupperware’s…
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In recent years, the freelance sector has received lots of adoption as more people escape the traditional 9-to-5 work sphere.While numerous freelance marketplaces are available, most of them are Web2-based and often feature inconsistent employment, a lack of skilled personnel, high fees, and slow withdrawals.However, DeeLance, a new decentralized project, aims to solve these challenges. The revolutionary platform provides a seamless hub where freelancers and recruiters can connect, share portfolios, and exchange secured financial rewards for completed tasks or services. With its native token, $DLANCE, now on presale, a large buzz has been generated among investors as they seek to know what…
LeapXpert is a communication platform that secures messaging apps for professional use. Business communication historically has been poorly regulated. LeapXpert used this 15-page pitch deck to raise a $22 million Series A+ round. This startup is helping companies ensure the messaging channels employees use to communicate professionally are safe and in compliance with regulation.As business communication expands beyond email to messaging apps like Signal, iMessage, and WhatsApp, companies open themselves up to security risks and struggle to meet regulatory record-keeping requirements. LeapXpert allows companies to record employees’ business communications while keeping their personal messages private.LeapXpert has raised $36 million to…
Eric Schmidt said a six-month pause on AI development would “simply benefit China.” The ex-Google CEO told the Australian Financial Review that concerns about AI “could be understated.” Instead of a pause, he said leaders should collectively discuss appropriate guardrails “ASAP.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Eric Schmidt says the six-month moratorium on AI development supported by Elon Musk, Steve Wozniak, and other tech leaders would “simply benefit China” and called instead for tighter regulation.The former Google CEO told the Australian…
The Q4 Earnings Season for the Gold Miners Index (GDX) is finally over and it was a disappointing earnings season overall. Not only did several miners miss output guidance, but delivery against cost guidance was not what investors were hoping for, with many gold producers forced to move the goalposts (guidance range) entirely. In fairness, the cost misses were related to stickier than expected inflationary pressures and some miners had tougher years due to supply chain headwinds. That said, the result was that average AISC margins shrunk to ~$510/oz for the year, and have declined over 30% from FY2020 levels…
Monday brought a windfall for many investors in Chinese equities. Ten companies debuted on the main exchanges in Shanghai and Shenzhen, raising a combined $3.1bn. Pops in the share prices of as much as 200 per cent reflected undervaluation rather than strong growth expectations.The 10 are the largest group to list after China overhauled listing regulations. The reforms gave its main markets a US-style registration-based public offering system. They removed daily trading limit for the first five trading days following a listing. Previously, new stocks on China’s main exchanges could rise no more than 44 per cent. Shares had to…
