Maersk in late August will open a 617,000-square foot fulfillment center in a Boston suburb to support a single, large-scale e-commerce customer, the integrated logistics and container shipping giant announced on Wednesday. Maersk said it invested $100 million to outfit the facility with advanced conveyor and sortation technology, and other features,enabling it to process up…
Should you prioritize the stable, high-margin profitability of a logistics leader or the growth potential of a banking software specialist? Choosing between Descartes Systems Group (NASDAQ:DSGX) and nCino (NASDAQ:NCNO) requires weighing reliability against potential. Descartes provides the digital backbone for global trade, while nCino streamlines the workflows for financial institutions. Both companies operate in specialized…
I called Steve Hanke on the afternoon of July 14, days after he’d flagged something he called a dual bubble forming in AI markets, and one day after IBM suffered the worst single-day stock crash in its 115-year history. The “money doctor” has been advising governments—including the Treasury Department and the White House—for decades and…
Summary The major indices are higher at midday. More big banks reported this morning, and overall results remain good. Inflation on the wholesale side slowed more than expected last month following good news on the consumer side yesterday. Crude oil is at $78 per barrel. The yield on
Stephen Biggar Director of Financial Institutions Research Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and…
A broad selloff hit AI-linked hardware and chip stocks on Wednesday as investors locked in gains from a months-long rally and questioned how long red-hot demand for AI infrastructure can support current valuations. Dell Technologies Inc (NASDAQ:DELL) fell as much as 12%, touching a session low of $397.69, after a report that Meta Platforms is…
Robinhood’s next earnings surprise may have little to do with stocks or crypto. Heading into its second-quarter report at the end of July, the trading platform is likely seeing a sharp acceleration in prediction-market activity, according to Fundstrat’s Sean Farrell. In a new interview with Coinage, Farrell estimated that the growth in the new trading…
By Sinéad Carew and Danilo Masoni NEW YORK/ MILAN, July 15 (Reuters) – MSCI’s global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong earnings reports while oil futures turned lower even as U.S.-Iran hostilities showed no signs of abating. U.S. producer prices were…
By Laura Matthews and Samuel Indyk NEW YORK/LONDON, July 15 (Reuters) – The dollar slipped against major currencies on Wednesday after softer-than-expected U.S. producer prices reinforced signs of easing inflation, bolstering the view that the Federal Reserve can remain patient on interest rates even as investors weighed renewed strikes on Iran. The Producer Price Index…
Securitize Corp. (NYSE: $SECZ) and Cantor Fitzgerald are taking tokenization into the primary equity market, creating a pathway for public companies to conduct initial public offerings and follow-on offerings onchain. The agreement combines Cantor’s equity capital markets and trading capabilities with Securitize’s regulated infrastructure for issuing, distributing and servicing tokenized securities. Securitize Markets, the company’s…
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