Workflow
Kuwait issues order to cap food delivery fees
Yahoo Finance· 2026-02-02 10:19
Regulatory Framework Introduction - Kuwait's Ministry of Commerce and Industry has established a regulatory framework for restaurant and ready-made food delivery services, which includes limits on platform commissions and fees, and cancels side agreements and exclusive arrangements [1][2] Objectives of the Regulation - The primary goals of Ministerial Decision No. 10 of 2026 are to protect consumers, support the national commercial sector, and create a fair and transparent environment [2] - The decision was made after monitoring and analyzing the restaurant and ready-made food delivery market, revealing monopolistic practices and unfair tactics that disrupt competition and harm both merchants and consumers [2] Identified Issues in the Market - The assessment identified several issues, including unjustified commission hikes, exclusive conditions, lack of transparency in fee calculations, and discriminatory technical mechanisms affecting visibility within applications [3] Binding Nature and Oversight Mechanisms - The ministerial decision is binding and serves as the legal basis for regulating food deliveries through electronic platforms, including oversight mechanisms and a penalty system ranging from warnings to closure and license revocation [4] Licensing and Fee Structure - All licensed companies must amend their license activity to "Management of Delivery Services via Electronic Platforms" within two months of the regulation taking effect [5] - The decision fixes fees and commissions for three years as a corrective measure to restore market stability and protect SMEs [5] Annual Tariff and Documentation Requirements - Service providers are required to adopt a single annual tariff approved by the ministry, detailing fees, commissions, maximum limits, and calculation mechanisms [6] - Platforms must document all fees in clear written contracts, maintain annual price lists, avoid price changes during the year, and treat unlisted fees as legally null and void [6]
Great Lakes Dredge & Dock Keeps Digging Up Value (Rating Upgrade)
Seeking Alpha· 2026-02-02 10:19
Group 1 - The article emphasizes the focus on cash flow and the potential for value and growth in the oil and natural gas sector [1] - Crude Value Insights provides a service that includes a 50+ stock model account and in-depth cash flow analyses of exploration and production (E&P) firms [1] - Subscribers benefit from live chat discussions about the sector, enhancing community engagement and information sharing [1] Group 2 - A two-week free trial is offered to new subscribers, encouraging them to explore the services related to oil and gas investments [2]
Global reinsurers move to establish presence in India’s GIFT city
Yahoo Finance· 2026-02-02 10:18
Several international reinsurers, including Lloyd’s of London, are applying for permission to operate in India’s Gujarat International Finance Tec City (GIFT City), reported Reuters. Other companies aiming to set up in the city include South Korea’s Samsung Re, Africa's Kenya Re and Spain’s Mapfre Re, noted the news agency, citing unnamed sources. These companies would join more than a dozen reinsurers from various regions that have already established a foothold in GIFT City. The sources indicated tha ...
Why DarkIris Shares Are Trading Higher By Over 100%; Here Are 20 Stocks Moving Premarket - C3is (NASDAQ:CISS), ClearSign Technologies (NASDAQ:CLIR)
Benzinga· 2026-02-02 10:17
Shares of DarkIris Inc (NASDAQ:DKI) rose sharply in pre-market trading after the company reported a year-over-year increase in FY25 revenue results.The company said revenue jumped 27.3% to $10.08 million from $7.92 million in FY24.DarkIris shares jumped 104.2% to $0.68 in the pre-market trading session.Here are some other stocks moving in pre-market trading.GainersLosers ...
Saks Global to exit Amazon partnership during bankruptcy – report
Yahoo Finance· 2026-02-02 10:15
Core Viewpoint - Saks Global is planning to terminate its "Saks on Amazon" partnership as it undergoes restructuring under Chapter 11 bankruptcy protection, focusing on areas expected to yield stronger growth [1][2]. Group 1: Partnership Details - The partnership with Amazon was initiated following a $475 million investment by Amazon in Saks in 2024, with Saks agreeing to sell merchandise through Amazon and pay at least $900 million over eight years [2]. - The collaboration faced challenges as Saks sought court protection, and the company had not publicly announced its intention to end the contract prior to this decision [1][2]. Group 2: Legal and Brand Concerns - Tensions between Saks and Amazon were highlighted during a court hearing, where Amazon's lawyer indicated that Saks had improperly pledged its flagship Fifth Avenue property as security for a $1.75 billion loan, which could lead to disputes [3]. - Key luxury brands associated with Saks expressed concerns about the partnership, fearing that selling through a mass-market platform could dilute their brand positioning, and they were expected to leverage the bankruptcy discussions to contest the arrangement [4]. Group 3: Strategic Shift - As part of its Chapter 11 process, Saks Global plans to close most of its Saks OFF 5TH outlets and all remaining Last Call stores, indicating a strategic shift towards luxury and full-price retailing [4][5].
INVESTOR NOTICE: Klarna Group plc Investors with Significant Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Prnewswire· 2026-02-02 10:15
Core Viewpoint - Klarna Group plc is facing a class action lawsuit related to its September 10, 2025 IPO, alleging violations of the Securities Act of 1933 due to misleading offering documents and understated risk regarding loss reserves [1][3]. Summary by Sections Class Action Lawsuit Details - The lawsuit, titled Nayak v. Klarna Group plc, allows purchasers of Klarna securities from the IPO to seek lead plaintiff status by February 20, 2026 [1][2]. - Klarna's IPO involved the issuance of approximately 34 million shares at an offering price of $40.00 per share [2]. Allegations Against Klarna - The lawsuit claims that Klarna's offering documents were materially false or misleading, particularly regarding the risk of increased loss reserves shortly after the IPO [3]. - A Bloomberg News article reported that Klarna posted a net loss of $95 million and increased provisions for loan losses to $235 million, exceeding analyst estimates [4]. Stock Performance - Following the IPO, Klarna's stock price fell to as low as $31.31 per share, significantly below the initial offering price of $40 per share [4]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who acquired Klarna securities to seek lead plaintiff status, representing the interests of the class [5]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6].
TIM SA in talks to buy back majority stake in Brazilian fibre unit, sources say
Reuters· 2026-02-02 10:11
Brazilian telecoms operator TIM SA is in talks to buy back a 51% stake in a fibre-network business it previously controlled under a deal that could be worth around $170 million, two people with knowle... ...
SoundHound AI Looks Primed to Deliver Supercharged Returns in 2026
The Motley Fool· 2026-02-02 10:10
Core Insights - SoundHound AI's stock is currently at its lowest price in over a year, with a market cap of $3.6 billion, indicating potential for significant returns if product adoption increases [1][8] - The company specializes in audio recognition software that integrates generative AI, showing success in sectors like restaurant drive-thrus and automotive digital assistants [2] - The effectiveness of SoundHound's software in customer service applications remains uncertain, as consumer acceptance is crucial for widespread adoption [3][6] Financial Performance - In Q3, SoundHound AI reported a revenue increase of 68% and raised its full-year outlook, signaling positive momentum [8] - Wall Street analysts project a revenue growth of approximately 37% for 2026, indicating strong future potential [8] - The company is currently valued at 27 times sales, which is lower than previous valuations, suggesting a potentially attractive entry point for investors [10] Profitability Concerns - SoundHound AI is prioritizing market capture over profitability, leading to significant operating losses, with expenses consistently double its revenue [11][13] - Investors are advised to monitor the company's operating margin trends, as a shift towards profitability is essential for maintaining market confidence [15]
Mazda’s global vehicle output rebounds in December
Yahoo Finance· 2026-02-02 10:08
Core Viewpoint - Mazda Motor Corporation experienced a rebound in global vehicle production in December 2025, with a 9.4% increase compared to the previous month, indicating a recovery from earlier declines in production and sales [1][2][4]. Production Summary - Global vehicle production reached 99,018 units in December 2025, up from 95,232 units in November, marking a recovery from a 5.2% year-on-year decline [1]. - Domestic production in Japan increased by 6% to 66,024 units, with notable increases in specific models: CX-30 production surged by 69% to 8,961 units, Mazda 3 production rose by 25% to 11,207 units, and CX-5 volumes increased by 6% to 26,546 units [1]. - Overseas vehicle production rose over 17% to 32,994 units in December, recovering from a 9.4% decline in November [2]. Export and Sales Summary - Exports from Japan fell by 4% year-on-year to 57,223 units in December, with a significant drop in shipments to North America by 18% to 22,591 units, while exports to Europe surged by 38% to 19,047 units [3]. - In 2025, Mazda's total global production was 1,156,707 vehicles, a decrease of 3.7% from 1,201,049 units in 2024, with domestic output declining by 4.4% and overseas production falling by 2.6% [3]. - Global sales decreased by 1.7% to 1,256,215 units in the previous year, with a 5.3% increase in Japan but a 2.5% decline in overseas sales [4].
HDEF: Solid Dividends, But Don't Expect Strong Growth
Seeking Alpha· 2026-02-02 10:07
Group 1 - The core focus of Wilson Research is to provide insights on exchange-traded funds (ETFs) that balance growth potential and dividend yield [1] - The analysis incorporates fundamental analysis along with macro-level factors such as industry trends, economics, and geopolitics [1] - Wilson Research aims to offer actionable information for long-term investors who prioritize diversification and low fees [1] Group 2 - The team at Wilson Research includes an MBA graduate and an independent financial coach [1] - The investment philosophies of Warren Buffett and Robert Kiyosaki serve as inspiration for Wilson Research [1]