HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
Stadler Rail AG (SRAIF) Q4 2025 Press Conference Call Transcript
Seeking Alpha· 2026-03-19 02:12
Core Insights - Stadler Rail is presenting its financial results for the 2025 fiscal year and providing an outlook for the current year and beyond [2] Group 1 - The press conference is led by Marc Meschenmoser, Head of Corporate Communications & Public Relations [1] - Group CEO Markus Bernsteiner and Group CFO Raphael Widmer will present the financial results [2] - The executives will be available for individual questions after the presentation [2]
Being ‘the Next Warren Buffett' Sounds Like an Honor. It Is More of a Curse.
WSJ· 2026-03-19 02:00
Core Viewpoint - The article emphasizes that there is only one "Oracle of Omaha," referring to Warren Buffett, despite many individuals claiming to be his spiritual successors [1] Group 1 - The term "Oracle of Omaha" is synonymous with Warren Buffett, highlighting his unique position in the investment world [1] - Various individuals have attempted to position themselves as successors to Buffett, indicating the influence and legacy he has created in the investment community [1]
Abaxx Joins Singapore Bullion Market Association
Globenewswire· 2026-03-19 02:00
Core Viewpoint - Abaxx Technologies Inc. has joined the Singapore Bullion Market Association (SBMA) as a Local Associate Member, reflecting its growing involvement in the physical gold market and the expansion of its kilobar futures contract [1][3]. Group 1: Company Developments - Abaxx Singapore, a subsidiary of Abaxx Technologies, is the owner of the Abaxx Commodity Exchange and Clearinghouse, which aims to enhance market infrastructure for precious metals [1][6]. - The company has demonstrated the mobilization of physical gold as collateral, facilitating T+0 ownership transfer to support financing against vaulted inventory, addressing inefficiencies in a $47 billion segment of gold trade finance [3][4]. - Abaxx's integrated market infrastructure in Singapore is designed to align with Asia's physical trade, contributing to the development of smarter precious metals markets [4][5]. Group 2: Industry Context - The SBMA is a non-profit organization that represents various participants in the precious metals value chain, supporting Singapore's role as a regional hub for physical gold trading [2]. - The introduction of the Abaxx Gold Singapore futures contract aims to establish a physically deliverable benchmark for kilobar gold, enhancing hedging efficiency and connecting physical and derivatives markets within the Asian time zone [4][5]. - The SBMA welcomes Abaxx Exchange as a member, highlighting the importance of the new futures contract in strengthening gold market infrastructure in Asia [4].
Abaxx Joins Singapore Bullion Market Association
Globenewswire· 2026-03-19 02:00
Core Viewpoint - Abaxx Technologies Inc. has joined the Singapore Bullion Market Association (SBMA) as a Local Associate Member, reflecting its growing involvement in the physical gold market and the expansion of its kilobar futures contract [1][3][4] Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore, which owns the Abaxx Commodity Exchange and Clearinghouse [1][6] - The company aims to build smarter markets through better tools and technology, addressing significant societal challenges such as the energy transition [5] Industry Context - The SBMA is a non-profit organization representing various participants in the precious metals value chain, supporting Singapore's role as a regional hub for physical gold trading [2] - The membership of Abaxx in SBMA aligns with the organization's goals to enhance Singapore's leadership in bullion services and market development [4] Market Developments - Abaxx's participation in the SBMA is indicative of its increasing role in the physical gold market, particularly with the growth of its kilobar futures contract [3] - The company has demonstrated the ability to mobilize physical gold as collateral, facilitating T+0 ownership transfer and addressing inefficiencies in the $47 billion gold trade finance segment [4] Strategic Initiatives - The newly launched Abaxx Gold Singapore futures contract aims to establish a physically deliverable benchmark for kilobar gold, supported by modernized title and transfer mechanisms [4] - Abaxx's integrated approach is expected to enhance hedging efficiency and connect physical and derivatives markets within the Asian time zone [4]
Oil rises 3% after Iran strikes Middle East energy facilities
Reuters· 2026-03-19 01:57
Core Insights - Oil prices increased by up to 3% following Iranian attacks on energy facilities in the Middle East, marking a significant escalation in the conflict involving Iran, the U.S., and Israel [1]. Oil Price Movements - Brent futures rose by $3.69, or 3.44%, reaching $111.07, while U.S. West Texas Intermediate (WTI) crude increased by $2.29, or 2.38%, to $98.61 [2]. - Brent had previously closed up 3.8% on Wednesday, while WTI remained nearly flat, trading at its widest discount to Brent in 11 years due to U.S. strategic reserve releases and higher freight costs [2]. Impact on Energy Infrastructure - Iranian missile attacks on Qatar's Ras Laffan LNG processing site caused extensive damage, while the UAE shut down some energy operations in response to missile incidents [3]. - Saudi Arabia intercepted and destroyed four ballistic missiles aimed at Riyadh and thwarted a drone attack on a gas facility [4]. Regional Tensions and Market Outlook - The ongoing strikes on Middle Eastern energy infrastructure are expected to keep oil prices supported, with no signs of de-escalation in the conflict or a near-term reopening of the Strait of Hormuz [5]. - The U.S. administration is considering deploying thousands of troops to reinforce operations in the Middle East, which may include securing safe passage for oil tankers through the Strait of Hormuz [6].
RYVYL Inc. Announces Postponement of Special Meeting of Shareholders
Globenewswire· 2026-03-19 01:55
Group 1 - Approximately 99% of shareholder votes cast to date are in favor of the proposed merger between RYVYL and Roundtable, with 43% of entitled votes submitted, indicating that only 7% additional votes in favor are needed to confirm the merger [1][2] - The Special Meeting of Shareholders has been adjourned and will reconvene virtually on March 25, 2026, at 4pm EST, with the record date for voting remaining unchanged as February 6, 2026 [1][2] - RYVYL operates a digital payment processing business that enables transactions globally and provides payment solutions for underserved markets [4] Group 2 - Roundtable (RTB Digital, Inc.) is a Web 3 digital media SaaS platform that offers decentralized publishing, commerce, data syndication, network distribution, ad sales, and community platforms for major media and professional journalist brands [5]
Trip.com Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuit Against Trip.com Group Limited - TCOM
Globenewswire· 2026-03-19 01:53
Core Viewpoint - Trip.com Group Limited is facing a securities class action lawsuit due to allegations of failing to disclose material information during the class period, which has led to significant stock price declines following news of an antitrust probe in China [3][4]. Group 1: Lawsuit Details - Investors have until May 11, 2026, to file lead plaintiff applications in the class action lawsuit against Trip.com for securities purchased between April 30, 2024, and January 13, 2026 [1]. - The lawsuit is identified as De Wilde v. Trip.com Group Limited, et al., Case No. 26-cv-01420 [5]. Group 2: Antitrust Probe - On January 14, 2026, it was reported that Trip.com is under investigation by the State Administration for Market Regulations of China for allegedly abusing its market position and engaging in monopolistic practices [4]. - Following the announcement of the antitrust probe, Trip.com's American Depositary Shares (ADS) fell by $12.90, or 17.05%, closing at $62.78 on January 14, 2026, and further declined by $1.48, or 2.35%, to close at $61.30 on January 15, 2026 [4]. Group 3: Investor Support - ClaimsFiler provides a free service for investors to access information regarding securities class action settlements and offers assistance in filing claims [6]. - Investors can register for free on ClaimsFiler.com to receive notifications about relevant securities cases and submit inquiries for case evaluations [6].
Kyndryl Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuits Against Kyndryl Holdings, Inc. - KD
Globenewswire· 2026-03-19 01:52
Core Viewpoint - Kyndryl Holdings, Inc. is facing securities class action lawsuits due to alleged failures in disclosing material information during the class period from August 1, 2024, to February 9, 2026, which has led to significant financial repercussions for investors [1][3]. Group 1: Lawsuit Details - Investors have until April 13, 2026, to file lead plaintiff applications in the ongoing securities class action lawsuits against Kyndryl [1]. - The lawsuits are pending in the United States District Court for the Eastern and Southern Districts of New York [1]. - The first-filed case is Brander v. Kyndryl Holdings, Inc., and a subsequent case has expanded the class period [5]. Group 2: Company Disclosures - On February 9, 2026, Kyndryl disclosed its inability to timely file its Form 10-Q Report for the quarter ended December 31, 2025, citing anticipated material weaknesses in internal controls over financial reporting [4]. - The company also reported the departure of its Chief Financial Officer and General Counsel, which contributed to a significant drop in share price [4]. - Following this disclosure, Kyndryl's share price fell by $12.90, or 55%, closing at $10.59 on February 9, 2026 [4]. Group 3: Investor Support - ClaimsFiler provides a free service for investors to access information regarding securities class action settlements and to assist in filing claims [6]. - Investors can register for free on ClaimsFiler.com to receive notifications about relevant securities cases [6].
US agency asks companies to secure Microsoft tool after Stryker cyberattack
Reuters· 2026-03-19 01:46
Core Insights - The U.S. government has urged companies to enhance the security of Microsoft's endpoint management tool following a cyberattack on Stryker Corp [1][3] Group 1: Cyberattack Details - A cyberattack on March 11 disrupted Stryker's operations, affecting order processing, product manufacturing, and shipping capabilities [2] - The attack was claimed by an Iran-linked hacking group named Handala, citing retaliation for an incident in Iran [2] Group 2: Government Response - The Cybersecurity and Infrastructure Security Agency (CISA) is aware of malicious activities targeting endpoint management systems and has recommended companies to strengthen their configurations [3] - CISA is collaborating with federal partners, including the FBI, to identify further threats and determine mitigation strategies [4] Group 3: Impact on Stryker - Stryker reported that the attack caused delays in surgeries for some patients, although it stated that patient-related services and connected medical products were not affected [4]