Transak, a Web3 payments processor, has achieved a notable milestone on its path to an initial public offering (IPO) by reaching profitability, Investing.com has learned. The Web3 company announced its first-ever quarterly profit, coinciding with surpassing $1 billion in lifetime gross transaction volume (GTV) for the quarter ending March 31, 2024. The company sees this
0 Comments
Boosted interest in the Euro emerged after preliminary PMI estimates showed a surprising acceleration in the services sector, which was able to offset the negativity from industrial weakness significantly.   Both France (46.2 to 44.9) and Germany (41.9 to 42.2) saw their manufacturing PMIs fall short of expectations (46.9 and 42.8, respectively). This reinforces the
0 Comments
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dow Inc (Symbol: DOW), where a total volume of 16,693 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying
0 Comments
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors on Tuesday raised its 2024 guidance after beating Wall Street’s top- and bottom-line expectations for the first quarter. GM now expects adjusted earnings of $12.5 billion to $14.5
0 Comments
In a bid to enhance its strong analytics and data science team with deep data warehousing expertise, Altair Engineering Inc. ALTR has acquired Cambridge Semantics. Cambridge Semantics is a modern data fabric provider and creator of one of the industry’s leading analytical graph databases. Its graph-powered data fabric technology simplifies the creation of comprehensive enterprise
0 Comments