Start with an industry-leading position, add a healthy dose of total addressable market and a dash of secular tailwinds, and you might just have the recipe for a life-changing investment.
Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced results for the First Half of 2022 and select results for the Second Quarter of 2022. Swvl's condensed unaudited interim financial statements for the six-month periods ended June 30, 2022 and 2021, and supplementary information are available on Swvl's website here.
A major Japanese auto lobby said it was concerned about a new U.S. law that restricts tax credits for electric vehicles to those assembled in North America. The Biden administration said on Tuesday about 20 models still qualify for tax credits of up to $7,500. Credits end immediately for about 70% of the 72 models that were previously eligible, according to the Alliance for Automotive Innovation, an industry trade group.
425 million grams of unpackaged dried cannabis destroyed, highlighting industry's issue of producing more than it can sell
(Reuters) -Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steeper discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflation, sending its shares down 5%. The U.S. department store chain joined top retailers including Target Corp and Best Buy Co to warn of a profit squeeze, as decades-high inflation has made Americans wary of opening their wallets for apparel and other discretionary goods. The demand slump has left several retailers with bloated inventories, forcing them to offload excess stocks through steep discounts and clearance sales heading into the back-to-school season.
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MEMPHIS, Tenn. (AP) — A federal judge is ordering Starbucks to reinstate seven employees in Memphis who were fired earlier this year after leading an effort to unionize their store. In a decision issued Thursday, U.S. District Judge Sheryl Lipman agreed with the National Labor Relations Board, which had asked the court to intervene in May. The labor board said Starbucks violated U.S. labor law by interfering in workers' right to organize. Lipman’s decision requires Starbucks to offer to reinstat
Here’s one of the best TSX energy stocks investors can buy now and hold forever. The post 1 Top TSX Energy Stock to Buy and Hold Forever appeared first on The Motley Fool Canada.
LONDON (AP) — Thousands of train workers in Britain staged a new round of strikes Thursday, paralyzing rail service across the country in an escalating dispute over pay and working conditions exacerbated by a deepening cost-of-living crisis. Only around one in five trains ran across the U.K. as a result of the walkout by union members, who have already staged multiple strikes in recent months. A strike planned for Friday is expected to affect most of the London Underground subway network as well
Andi Widjajanto, former cabinet secretary and unofficial adviser to President Joko Widodo, who is popularly known as Jokowi, told Reuters the two leaders would join the summit. "Jokowi told me that Xi and Putin are both planning to attend in Bali," Widjajanto, who heads the National Resilience Institute, told Reuters.
Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTCMKTS: SUPGF) announces financial results for the second quarter of 2022 for the Company's 100%-owned Plutonic Gold Operations, located in Western Australia.
The number of Americans filing new claims for unemployment benefits fell last week and the prior period's data was revised sharply lower, suggesting labor market conditions remain tight despite a slowdown in momentum due to higher interest rates. The weekly unemployment claims report from the Labor Department on Thursday combined with strong industrial production in July and underlying retail sales growth to allay fears that the economy was in recession. The claims report, the most timely data on the economy's health, could give the Federal Reserve more ammunition to deliver another hefty rate hike next month.
(Reuters) -Bed Bath & Beyond Inc shares nosedived late in the session on Wednesday from a 45% surge earlier after investor and GameStop Chairman Ryan Cohen filed for a proposed sale of his stake in the struggling home goods retailer. The highly shorted shares continued their fall after the bell and were down more than 15% as Cohen's venture capital firm RC Ventures, the second largest investor, said it intends to sell 9.45 million shares, including options, through JP Morgan Securities. The company said it reached an agreement with RC Ventures in March and is working with financial advisors and lenders to strengthen its balance sheet as it struggles with declining revenue and liquidity concerns.
When making your travel budget, don’t assume that lodging and airfare will be your biggest expense. Now, more than ever, rental cars are shaping up to be one of the biggest — and stubbornly high — aspects of people’s vacation budgets. While airfare and lodging prices are certainly near all-time highs, rental cars are among the biggest price increases of all travel expenses. When comparing prices for July 2022 versus July 2019 (the last normal summer pre-pandemic), hotel prices are up 7% , accord
In comments to a Kansas City economic group, George said the pace and ultimate level of future rate hikes remained a matter of debate. "To know where that stopping point is ... we are going to have to be completely convinced that (inflation) number is coming down," she said. George did not state a preference for whether the Fed should approve a third straight 75 basis point rate increase when policymakers meet next month, or a smaller half point increase - the two core options under consideration.
Instagram and Facebook suspended Children's Health Defense this week after the anti-vaccine group led by Robert Kennedy Jr. repeatedly violated rules prohibiting misinformation about COVID-19. A nonprofit, Children's Health Defense is one of the most influential anti-vaccine organizations active on social media, where it has spread misleading claims about vaccines and other public health measures designed to control the pandemic. In a statement, Kennedy compared Facebook's actions to government
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Oil prices fell below US$100 per barrel but it’s not a signal to sell these two TSX energy stocks with robust cash flows. The post Oil Falls Below US$100 per Barrel: Sell or Hold These 2 Energy Stocks? appeared first on The Motley Fool Canada.
The Swiss government is expected to run a budget deficit of 5 billion Swiss francs ($5.25 billion) for 2022, it said on Wednesday, citing extraordinary costs from tackling the COVID-19 pandemic and supporting new arrivals from Ukraine. Expenditures to tackle the economic effect of the pandemic, such as short time working and lost wage compensation schemes, amount to 6.5 billion francs, the government said in its latest forecast. Without these exceptional allocations, the government expects a budget surplus of 700 million francs, better than the previously anticipated deficit of 600 million francs, due to factors including better-than-expected sales tax receipts.
U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors were still assessing Wednesday's minutes from the Federal Reserve's July meeting, which they initially saw as supporting a less aggressive stance by the central bank. "We're at a point where people are trying to make a judgment about whether the inevitable higher interest rates are going to choke off the upside of the market," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.
These two Canadian energy stocks look really attractive to buy amid the ongoing oil and gas sector-wide correction. The post 2 Hot Canadian Energy Stocks to Buy Amid the Ongoing Correction appeared first on The Motley Fool Canada.
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