Software development tools maker GitLab (NASDAQ:GTLB) will be announcing earnings results tomorrow after market close. Here\'s what to look for. Last quarter GitLab reported revenues of $149.7 million, up 32.5% year on year, beating analyst revenue expectations by 6.1%. It was a very strong quarter for the company, with optimistic revenue guidance for the next...
Source: DALL·EAltLayer, a rollups platform focusing on blockchain scalability, has raised $14.4 million in a strategic funding round. According to a social media post by AltLayer, the fundraising round was co-led by Polychain Capital and Hack VC, with the aim of expanding the company’s team and advancing its rollup infrastructure. Additional participants in the funding...
-- Hong Kong shares of Dongfeng Group (HK:0489) fell sharply on Monday after the Chinese carmaker warned investors that it was likely to clock a loss for 2023 amid weakening vehicle sales and competition from electric vehicles. Dongfeng’s shares slid 11.2% to HK$3.02, hitting a near one-month low. They largely lagged the broader Hang Seng...
JAKARTA -PT MNC Digital Entertainment Tbk (MSIN)steps in as the new shareholder ofPT Tripar Multivision Tbk (RAAM)via private placement of 619.42 million shares, bought for IDR 500 each. The transaction is recorded totalling IDR 309.71 billion. In the information disclosure quoted Friday (13/9), Whora Anita Raghunath, President Director of RAAM, said that after this private...
The Indonesia stock market has tracked higher in seven straight sessions, climbing more than 285 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 7,770-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is negative with profit taking likely...
Perrigo Co. plc is recalling select Premium Infant Formula with Iron Milk-Based Powder sold under CVS Health and H-E-B Baby brands at the retailer and warehouse level citing elevated Vitamin D levels than permitted, according to the U.S. Food and Drug Administration. The recall involves three lots within one batch, or 16,500 cans, of store...
2024-07-09 16:19:01 DOID - PT. Delta Dunia Makmur Tbk Rp 625 +5 (+0,80%) JAKARTA - PT Okansa Fuji Shosha purchased 260 million shares of PT Fuji Finance Indonesia Tbk (FUJI) on Friday, July 5, and immediately held 20% of them. Fuji Finance is a multi-finance company that offers investment financing, working capital financing, multi-purpose financing,...
Trust Wallet’s CEO Eowyn Chen responded to allegations about a vulnerability affecting the iOS app on February 15, reassuring users of the wallet’s ongoing security. This came after claims emerged on February 8 of an alleged iOS vulnerability, published to the National Institute of Standards and Technology’s (NIST) vulnerability database. Vulnerability Claims and Trust Wallet’s...
IT Services providers have been experiencing low demand amid macroeconomic uncertainty, with not many stocks in the sector offering near-term upside to consensus figures. Against this backdrop, analysts at Guggenheim shared in a note this week a list of the Best IT Services stocks to own for 2024. They noted that the soft near-term demand...
On Wednesday, TRI Pointe Homes (NYSE:TPH) received an upgrade in its stock rating by RBC Capital, moving from Sector Perform to Outperform. The firm has also set a new price target for the homebuilder\'s shares at $38.00. The upgrade is based on an optimistic view of the company\'s pricing outlook, as indicated by RBC ElementsTM...