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Stone secures IBD financing to offer credit to businesses in the Amazon
By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian payments company Stone said on Monday it has secured 295 million reais ($53.4 million) in financing from the Inter-American Development Bank's private investment arm to expand credit offerings to small and mid-sized companies, focusing on Brazil's remote Legal Amazon region. Funds from IDB Invest will support the development of businesses in the region, including by women. The area covers nine states, most of which are among the poorest in Brazil, and faces deforestation, illegal mining, land conflicts and governance challenges. The transaction, the first between Stone and the IDB, was initiated before discussions about U.S. tariffs on Brazil, said Diego Salgado, treasury officer at Stone in Brazil. "This process began over a year ago, before the American election and before the imposition of tariffs. The challenge of a more multipolar world was not yet a significant concern," he said. The financing will "help us reach 'deep Brazil,' which is the Brazil of those in need," said Carolina da Costa, Stone's director of sustainability and impact. Under the agreement, IDB Invest will also help Stone improve its products by developing solutions specifically for women entrepreneurs in remote areas such as the Amazon. Sign in to access your portfolio
Yahoo
8 minutes ago
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Bill.com, PagerDuty, Semrush, PubMatic, and MicroStrategy Stocks Trade Up, What You Need To Know
What Happened? A number of stocks jumped in the morning session after the Software as a Service (SaaS) sector rebounded following the sell-off in the previous trading session as a weaker-than-expected U.S. jobs report increased the probability of a Federal Reserve interest rate cut. The July Nonfarm Payrolls (NFP) report showed the U.S. economy added only 73,000 jobs, significantly below the 110,000 forecast. This, combined with downward revisions for May and June, signaled a cooling labor market to investors. In response, market expectations for a September interest rate cut by the Federal Reserve surged from roughly 40% to over 80%. A potential rate cut is generally favorable for growth sectors like technology and SaaS, as lower rates can increase the present value of their future earnings, boosting stock valuations. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Finance and Accounting Software company (NYSE:BILL) jumped 5%. Is now the time to buy Access our full analysis report here, it's free. Cloud Monitoring company PagerDuty (NYSE:PD) jumped 3%. Is now the time to buy PagerDuty? Access our full analysis report here, it's free. Listing Management Software company Semrush (NYSE:SEMR) jumped 8.5%. Is now the time to buy Semrush? Access our full analysis report here, it's free. Advertising Software company PubMatic (NASDAQ:PUBM) jumped 4.5%. Is now the time to buy PubMatic? Access our full analysis report here, it's free. Data Analytics company MicroStrategy (NASDAQ:MSTR) jumped 5.3%. Is now the time to buy MicroStrategy? Access our full analysis report here, it's free. Zooming In On Semrush (SEMR) Semrush's shares are very volatile and have had 21 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock dropped 4.3% on the news that the White House announced a new round of steep global tariffs, sparking concerns of a trade war and its impact on the U.S. and global economies. This move creates significant uncertainty for businesses and investors. The new tariffs, with rates of up to 41% on imports from 68 countries and the European Union, prompted a broad market sell-off, with the tech-heavy Nasdaq index showing notable weakness. Adding to the bearish sentiment was a weaker-than-expected July jobs report, which revealed that employers created only 73,000 jobs, far below economists' expectations. This combination of trade fears and signs of a slowing labor market has created a "risk-off" environment, leading investors to pull back from growth-oriented sectors like software and technology. Semrush is down 21.5% since the beginning of the year, and at $9.21 per share, it is trading 49.9% below its 52-week high of $18.37 from February 2025. Investors who bought $1,000 worth of Semrush's shares at the IPO in March 2021 would now be looking at an investment worth $820.54. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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8 minutes ago
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Ether Suddenly On A Tear
After years in the shadow of Bitcoin, Ether a cryptocurrency tied to the Ethereum blockchain is suddenly on a tear as both retail and institutional traders pile into digital assets. Bloomberg's Isabelle Lee has more on the story. Connectez-vous pour accéder à votre portefeuille
