Loop Industries reports Q4 net income $6.9M vs. ($5.1M) last year
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Business Wire
41 minutes ago
- Business Wire
Assetze Introduces ‘EOI', A New IT Model for Global Companies Entering India
BANGALORE, India--(BUSINESS WIRE)--Assetze, an India-based IT asset management company, has supported countless businesses in scaling and running smooth IT operations. Its intuitive SaaS platform enables centralized control and real-time visibility, with companies reporting up to 2x improvement in operational efficiency. Now, Assetze is introducing its latest offering: Employer of IT (EOI). A comprehensive backend model built specifically for companies expanding into India. EOI enables organizations to establish and scale their presence in India while entrusting their entire IT function to Assetze, from infrastructure setup to long-term support and maintenance. Expertise: Whether supporting a fast-growing global startup or an established enterprise, Assetze brings in-depth operational experience to deliver a reliable and compliant IT framework – with experience of serving over 150 companies across the globe. With an on-ground team managing setup, maintenance, and coordination, companies gain a dependable partner for all backend IT operations. Access: Beyond IT management, Assetze also offers Employer of Record (EOR) services, allowing companies to easily establish teams in India. The combination of EOI and EOR gives businesses a complete backend foundation for confidently launching and scaling operations. Results: EOI ensures that IT operations are aligned with security protocols and compliance standards from day one. By eliminating the need for multiple vendors or in-house IT teams, the model simplifies scaling while reducing operational risk and complexity. Several Y Combinator-backed companies already rely on Assetze for IT support, procurement, AI Infra, E-waste, and maintenance services across India. Jagadish V, one of the company's co-founders, expressed, 'Our EOI model has made it effortless for our global clients to establish reliable IT operations in India without building from scratch. It's a new and unique approach to solving a very real problem faced by companies looking to take advantage of India's skilled workforce.'
Business Insider
an hour ago
- Business Insider
Is Robinhood Stock (HOOD) Still a Buy After Surging to Record Highs? Analysts Say Yes
Robinhood Markets Inc. (HOOD) has soared to fresh all-time highs, driven by the company's recent product launches. Year-to-date, HOOD stock has climbed nearly 150%, reflecting growing investor confidence in its evolving business model. However, following this sharp rally, some investors are questioning whether the stock is still a buy. According to several top Wall Street analysts, the answer is yes. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. What's Behind the Recent Surge? At a high-profile event this Monday, Robinhood introduced a series of new digital products, including tokenized stocks and ETFs, crypto perpetual futures, and staking services targeted at both U.S. and European markets. The announcement sent shares soaring, with the stock closing up 13% on the day. CEO Vlad Tenev said the launch is an important step in making Wall Street more accessible to people around the world, especially as interest in U.S. tech and AI stocks continues to grow. Top Analysts Hike Price Targets on HOOD Stock Analysts responded quickly, with several reports praising Robinhood's fast global growth and launch of new products. For instance, Cantor Fitzgerald's four-star-rated analyst Brett Knoblauch raised his price target on HOOD stock from $89 to $100 while keeping a Buy rating. He stated that the key takeaway from the recent event is that Robinhood is diving deeper into crypto, with new product launches expected to boost future revenue and profits. He added that Robinhood remains a must-own stock in the sector. The price target increase reflects stronger confidence in the company's growth plans and the value of its expanding product lineup. Similarly, KeyBanc's top-rated analyst, Alex Markgraff, lifted his price target from $60 to $110, implying a growth rate of 19% from the current level. Markgraff highlighted the launch of tokenized U.S. stocks for users in the EU, along with expanded crypto trading both in terms of geography and product variety. The firm noted that Robinhood demonstrated strong momentum in product development and expanded its range and depth of offerings at its first-ever crypto user event. Meanwhile, Barclays significantly raised its price target on Robinhood from $10 to $57. The firm highlighted Robinhood's strong focus on user experience, rapid product development, and low-cost structure as key standouts at the event. Is HOOD a Good Stock to Buy? According to TipRanks' consensus, HOOD stock has a Moderate Buy rating, based on 14 Buys, five Holds, and one Sell assigned in the last three months. The Robinhood Markets share price target of $74.16 implies a 19.7% downside over current trading levels.
CNBC
an hour ago
- CNBC
European stocks set to open higher as traders monitor UK turbulence, await U.S. jobs report
Alexander Spatari | Moment | Getty Images Welcome to CNBC's live blog covering all the action and business news in European financial markets on Thursday. Futures data from IG suggests European markets will open higher, with London's FTSE 100 looking set to open 0.3% higher at 8,799, Germany's DAX 0.2% higher at 23,836, France's CAC 40 also up 0.2% at 7,757 and Italy's FTSE MIB up 0.15% at 39,926. The positive start in Europe comes after a more mixed day on Wednesday, particularly for the U.K. where bond prices, as well as the FTSE, tumbled sharply. Those moves came after U.K. Finance Minister Rachel Reeves appeared visibly upset in Parliament on Wednesday as pressure mounted on the government over welfare reforms. The government said Reeves was dealing with a "personal matter" and Prime Minister Keir Starmer later said she has his full support. U.S. stock futures were little changed on Wednesday night as traders braced for June's nonfarm payrolls data. Economists polled by Dow Jones expect that the economy added 110,000 jobs last month. That compares with May's gain of 139,000. Economists also see the unemployment rate inching higher. In the Asia-Pacific region overnight, Vietnamese stocks climbed to their highest in over three years as investors awaited further details on the U.S.-Vietnam trade agreement that President Donald Trump announced Wednesday. The U.S. is imposing a 20% tariff on goods imported from the Southeast Asian nation, while the latter will impose "ZERO Tariff," Trump said on Truth Social. — Holly Ellyatt Jobseekers talk to recruiters during the New York Public Library's annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, on Sept. 6, 2024. Yuki Iwamura | Bloomberg | Getty Images It's a reasonably quiet day for data and earnings in Europe on Thursday, although Spain and Italy's latest purchasing managers' index data on business activity will be released. More global market attention will be on the U.S. as June nonfarm payrolls data is released later in the U.S. trading session. Economists polled by Dow Jones expect that the economy added 110,000 jobs last month. That compares with May's gain of 139,000. Economists also see the unemployment rate inching higher to 4.3%, up from 4.2% in May. A report from payrolls processing firm ADP released Wednesday morning showed that private sector hiring fell by 33,000 last month. — Holly Ellyatt. Lisa Kailai Han
