Latest news with #global markets
Times
a day ago
- Business
- Times
Wall Street can't make sense of the rise of Zohran Mamdani
W all Street leaders tend to think global. They travel between international offices and worry about global markets and trade policy shifts in Washington DC. So it has come as a surprise to Manhattan's executives that one of the biggest talking points during summer power lunches and boardroom meetings has been decidedly local: how to solve a problem like Zohran Mamdani? Hundreds of business leaders are gathering in New York this week to hear from Mamdani, 33, the democratic socialist who stunned Wall Street when he emerged as the surprise winner of the Democratic primary for New York mayor this month. It's the start of a 'hot commie summer', Daniel Loeb, the billionaire founder of Third Point, a New York-based hedge fund, has observed. In a session hosted on Tuesday by the Partnership for NYC, a consortium of 350 corporate giants, topics up for discussion in the global centre of capitalism included Mamdani's campaign pledges to introduce state-owned grocery stores and immediately freeze rents for two million people living in rent-stabilised apartments.
Finextra
2 days ago
- Business
- Finextra
Tools for Brokers and TRAction strike regulatory reporting alliance
TRAction and Tools for Brokers (TFB) are pleased to announce a strategic partnership centred around the integration of TRAction's regulatory reporting solution with TFB's flagship liquidity bridge, Trade Processor. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The collaboration is designed to enhance the functionality and value of both firms' offerings, while simplifying regulatory compliance for brokers and financial institutions. By combining their advanced technologies, TFB and TRAction will deliver a seamless and efficient solution for reporting under EMIR, MiFIR, ASIC, and Best Execution Monitoring requirements. Clients will benefit from streamlined onboarding, improved data continuity and control, enhanced reporting accuracy, and long-term cost efficiency, all backed by the trusted after-sales support provided by both firms. Commenting on the partnership, Alexey Kutsenko, CEO of TFB, said: "Reporting and compliance remain among the most important, and often most complex, challenges our clients face. With this integration, we're strengthening the existing reporting capabilities of Trade Processor by adding direct access to automated, regulator-compliant reporting. TRAction's proven expertise makes them an ideal partner, and we're confident this collaboration will bring tangible value to our clients operating across global markets." Quinn Perrot, co-CEO of TRAction, commented: 'Partnering with Tools for Brokers enhances our ability to support brokers globally with efficient, compliant trade reporting. TFB's Trade Processor is a powerful solution that aligns perfectly with TRAction's mission to simplify trade reporting. Together, we're delivering an end-to-end process that saves time, reduces errors, and offers peace of mind to our clients.' Tools for Brokers is a leading global fintech provider offering cutting-edge technology for retail brokerages and hedge funds. Its Trade Processor platform supports multi-platform execution, liquidity aggregation, and real-time analytics. It already includes a comprehensive suite of built-in reporting and data monitoring features. With this new integration, TFB is extending those capabilities even further, enabling clients to automate reporting directly to regulatory bodies via a trusted delegated solution within the Trade Processor ecosystem. TRAction is a globally recognised delegated service provider offering trade and transaction reporting solutions across Europe and Asia Pacific. Acting as an intermediary between financial firms and licensed Trade Repositories (TRs) and Approved Reporting Mechanisms (ARMs), TRAction transforms complex transaction data into reports that are regulator-ready. With a strong focus on innovation, the company continually improves its services, enabling brokers to meet compliance efficiently without maintaining in-house reporting systems.
Yahoo
2 days ago
- Business
- Yahoo
ASX Penny Stocks Spotlight: Alcidion Group And Two More To Consider
As global markets react to shifting trade policies, the Australian market is poised for a modest rise, reflecting an optimistic sentiment. In this context, penny stocks—though often considered outdated—remain a compelling area of interest for investors seeking affordable entry points into potentially high-growth sectors. While these stocks typically involve smaller or newer companies, those with strong financial health can offer intriguing opportunities for growth. Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.38 A$108.9M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.15 A$101.42M ★★★★★★ GTN (ASX:GTN) A$0.605 A$115.35M ★★★★★★ IVE Group (ASX:IGL) A$2.98 A$459.46M ★★★★★☆ West African Resources (ASX:WAF) A$2.30 A$2.62B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.73 A$457.43M ★★★★★★ Regal Partners (ASX:RPL) A$2.65 A$891M ★★★★★★ Sugar Terminals (NSX:SUG) A$0.99 A$360M ★★★★★★ Navigator Global Investments (ASX:NGI) A$1.66 A$813.53M ★★★★★☆ CTI Logistics (ASX:CLX) A$1.84 A$148.2M ★★★★☆☆ Click here to see the full list of 460 stocks from our ASX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Alcidion Group Limited develops and licenses healthcare software products across Australia, New Zealand, and the United Kingdom, with a market cap of A$147.72 million. Operations: The company's revenue is derived from the provision of healthcare software solutions, totaling A$35.64 million. Market Cap: A$147.72M Alcidion Group Limited, with a market cap of A$147.72 million and revenue of A$35.64 million, is unprofitable but maintains a positive cash flow and sufficient cash runway for over three years. The company has no debt, although its short-term liabilities exceed its assets by A$1.4 million. Recent changes include the retirement of Non-Executive Director Victoria Weekes and Danny Sharp's new role as Chair of the Audit and Risk Committee. Despite losses increasing at 20.2% annually over five years, earnings are forecast to grow significantly at 106% per year according to consensus estimates. Jump into the full analysis health report here for a deeper understanding of Alcidion Group. Gain insights into Alcidion Group's future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Cogstate Limited is a neuroscience technology company that focuses on creating, validating, and commercializing digital brain health assessments for academic and industry-sponsored research, with a market cap of A$295.41 million. Operations: Cogstate generates revenue from two main segments: Healthcare (including Sport) which contributes $2.98 million, and Clinical Trials (including Precision Recruitment Tool & Research) which brings in $44.22 million. Market Cap: A$295.41M Cogstate Limited, with a market cap of A$295.41 million, has shown robust financial health and growth potential. The company is debt-free, with short-term assets of A$46.9 million comfortably covering both short-term and long-term liabilities. Recent earnings guidance anticipates full-year revenue between A$52 million and A$54 million, marking a 20% to 24% improvement from the previous year. Cogstate's earnings have grown by an impressive 33.3% over the past year, outpacing its five-year average growth rate of 31.9%. Despite a low return on equity at 16.6%, its high-quality earnings underscore solid operational performance in the neuroscience technology sector. Dive into the specifics of Cogstate here with our thorough balance sheet health report. Understand Cogstate's earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: GR Engineering Services Limited offers engineering, procurement, and construction services to the mining and mineral processing sectors both in Australia and internationally, with a market cap of A$562.49 million. Operations: The company's revenue is derived from two main segments: Oil and Gas, contributing A$96.61 million, and Mineral Processing, which generates A$412.30 million. Market Cap: A$562.49M GR Engineering Services, with a market cap of A$562.49 million, demonstrates solid financial health and growth potential in the engineering sector. The company is debt-free and its short-term assets of A$180 million exceed both short-term and long-term liabilities. Its recent earnings growth of 34.3% surpasses the industry average, highlighting robust operational performance. With an outstanding return on equity at 53%, GR Engineering's profitability has improved alongside stable weekly volatility over the past year. Despite an unstable dividend track record, its high-quality earnings and experienced management team enhance its appeal in the penny stock landscape. Navigate through the intricacies of GR Engineering Services with our comprehensive balance sheet health report here. Explore historical data to track GR Engineering Services' performance over time in our past results report. Dive into all 460 of the ASX Penny Stocks we have identified here. Looking For Alternative Opportunities? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ALC ASX:CGS and ASX:GNG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. 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Bloomberg
5 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Equity Rally Persists
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 11th, 2025 Featuring: 1) John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., joins for an extended discussion on the sustainability of the equity rally and his S&P target as he remains one of Wall Street's leading bulls. Investor appetite for equities remain strong, driven by confidence in the US economy's resilience and optimism ahead of earnings season, according to the text, with David Chao, a global market strategist at Invesco Asset Management, saying investors are having a 'tariff fatigue'. 2) Michael Widmer, Head: Metals Research at Bank of America, joins to talk about President Trump's copper tariffs and how it's reshaping copper and other metals markets. President Trump's plans to impose import tariffs on copper imports are set to include materials used for power grids, the military and data centers. Plans involve including semi-finished products, according to people familiar with the matter, which would include wires, sheets, tubes and plates. 3) Jurrien Timmer, Director: Global Macro Fidelity Management & Research, joins to discuss the "V-Shaped Rocket Ship." Despite yesterday's record finish for equities, strategists are sounding warnings about the impact of uncertain tariff policy on stocks, saying it could reduce the chances of a September rate cut and increase the chances of an economic slowdown. 4) Ellen Wald, Senior Fellow at the Atlantic Council, talks about Saudi Arabia raising oil prices more than expected and global oil demand. Saudi Arabia has raised prices for its main crude grade for Asian buyers in August by $1 to $2.20 a barrel more than the regional benchmark, exceeding expectations. The price increase comes as OPEC+ agrees to raise production by 548,000 barrels a day in August, which may contribute to a crude surplus later this year. Despite strong summer demand, traders expect the market to soften later this year as consumption wanes and OPEC+ increases contribute to a surplus of crude in storage. 5) Cam Dawson, CIO at NewEdge Wealth, talks about why she's dubbing the current equity rally as the "Honey Badger" market. US equities closed at a new all-time high on Thursday as investors parsed tariff headlines and looked ahead to corporate results.
