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Intuit Report Projects 2025 Consumer Holiday Spending of $263-Billion
Insightfulaccountant.Com· 2025-10-21 11:22
Core Insights - Intuit Inc. has released its annual QuickBooks Holiday Shopping Report, indicating a strong spirit of giving this holiday season despite concerns regarding tariffs and inflation [1] Company Overview - Intuit Inc. is a global financial technology platform known for products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp [1]
Nasdaq Announces Quarterly Dividend of $0.27 Per Share
Globenewswire· 2025-10-21 11:01
Core Points - Nasdaq, Inc. has declared a quarterly dividend of $0.27 per share on its outstanding common stock, payable on December 19, 2025, to shareholders of record as of December 5, 2025 [1] Company Overview - Nasdaq is a leading global technology company that serves corporate clients, investment managers, banks, brokers, and exchange operators, facilitating their interaction with global capital markets [2] - The company aims to deliver world-leading platforms that enhance liquidity, transparency, and integrity within the global economy [2] - Nasdaq offers a diverse range of data, analytics, software, exchange capabilities, and client-centric services to help clients optimize and execute their business strategies [2]
Nasdaq Reports Third Quarter 2025 Results; Surpassing $1 Billion in Solutions Quarterly Revenue and $3 Billion in ARR
Globenewswire· 2025-10-21 11:00
Core Insights - Nasdaq, Inc. reported strong financial results for Q3 2025, with net revenue reaching $1.3 billion, a 15% increase year-over-year, and 11% organic growth [2][8][11] - Solutions revenue surpassed $1 billion for the first time, contributing to an annual recurring revenue (ARR) of $3 billion, reflecting a 10% increase year-over-year [5][8] - The company achieved significant milestones in operational efficiency and shareholder returns, including $155 million returned through dividends and $115 million in stock repurchases [6][8] Financial Performance - Total net revenue for Q3 2025 was $1,315 million, up 15% from Q3 2024, with organic growth of 11% [2][11] - Solutions revenue was $1,003 million, a 15% increase year-over-year, with organic growth of 10% [2][11] - Market Services net revenue reached $303 million, reflecting a 14% increase year-over-year, or 13% on an organic basis [2][11] - GAAP diluted EPS grew by 38% to $0.73, while non-GAAP diluted EPS increased by 19% to $0.88 [2][11] Strategic Developments - Nasdaq extended its leadership in listings, welcoming the largest European IPO since 2022, and raised over $14 billion year-to-date in the U.S. listings franchise [15] - The company launched 30 new Index products in Q3, including 18 international products, contributing to record levels of assets under management (AUM) exceeding $800 billion [13][15] - Nasdaq's strategic priorities focus on integrating, innovating, and accelerating growth, with over $150 million in cost reductions achieved [15] Business Segments - Financial Technology revenue increased by 23% to $457 million, with a 12% increase in annualized SaaS revenue, representing 38% of ARR [8][12] - Capital Access Platforms revenue was $546 million, up 9% year-over-year, driven by strong demand in data and listing services [11][29] - Market Services revenues were $946 million, with transaction-based expenses impacting net revenue [29] Expense Management - GAAP operating expenses for Q3 2025 were $729 million, a 4% increase year-over-year, primarily due to higher compensation and technology investments [11][12] - Non-GAAP operating expenses were $583 million, reflecting a 5% organic increase driven by investments in technology and personnel [11][12] - The company updated its 2025 non-GAAP operating expense guidance to a range of $2,305 million to $2,335 million [9]
AI-driven ATMs target sceptical Russians to cash in their gold
Yahoo Finance· 2025-10-21 10:37
Core Insights - Financial tech firms in Russia are leveraging AI to encourage gold sales through automated machines, despite a significant price increase of over 60% this year, facing skepticism from the public [1][2][6] Industry Overview - Russia holds over a third of its reserves in gold and authorized automated gold sales last year, but the public has not shown the same eagerness to sell as seen in other countries [2][3] - The attachment to gold is deep-rooted among Russians, with an estimated total of 1,000 metric tons of bullion being hoarded, which presents a challenge for entrepreneurs trying to facilitate sales [3] Company Initiatives - Goldexrobot, a startup, plans to install 600 gold ATMs in shopping centers across Russia, aiming to simplify the selling process and address concerns over traditional sales channels [4][5] - The ATMs utilize AI for various analyses to verify gold authenticity and provide pricing based on the latest market quotes, enhancing transparency in the valuation process [5] Market Dynamics - The central bank of Russia has tested the technology for these ATMs, and while customer growth has been around 10% this year, there has not been a significant increase in private gold sales as many Russians anticipate further price rises [6] - The removal of the value-added tax (VAT) on gold sales for investment purposes in 2022 has led to a fivefold increase in sales in 2023, indicating a shift in market dynamics due to Western sanctions [7]
Everything Blockchain (OTC: EBZT) CEO Backs Company with Proposed $300K Personal Credit Line; Major Shareholder Cancels 3.5M Shares to Strengthen Value
Globenewswire· 2025-10-21 10:00
Core Insights - Everything Blockchain Inc. is launching two major initiatives to enhance its operations and expedite the rollout of its flagship platform, CloverMint [1][5] - The company is focused on creating accessible financial technology that allows users to earn passive income from digital assets through automated yield strategies [2][4] Financial Initiatives - CEO Arthur Rozenberg has provided a personal line of credit of up to $300,000 to the company, offering immediate, non-dilutive capital for operations and product development [2][3] - A major shareholder has voluntarily canceled approximately 11% of the company's outstanding shares, reducing the total share count to about 26 million shares, which increases ownership value for existing investors [3][5] Product Development - CloverMint is designed to be an AI-powered platform that simplifies earning income from stablecoins by automatically identifying and compounding the best yield opportunities across the blockchain [4][6] - The beta version of CloverMint is set to go live soon, marking a significant milestone in the company's efforts to provide AI-driven income generation solutions [5] Company Vision - Everything Blockchain aims to position itself as a leader in AI-powered finance, aligning ownership and capital to support its growth strategy [4][6] - The company is committed to building intelligent financial technology that caters to both institutional and retail participants in the digital asset space [6]
MarketAxess Holdings’ Q3 2025 Earnings: What to Expect
Yahoo Finance· 2025-10-21 09:06
Core Insights - MarketAxess Holdings Inc. is valued at $6.4 billion and operates an electronic trading platform for institutional investors and broker-dealer companies globally, focusing on liquidity, execution quality, and cost savings in fixed-income markets [1] Financial Performance - MarketAxess is expected to report a non-GAAP profit of $1.70 per share for Q3, a decrease of 10.5% from $1.90 in the same quarter last year, but has consistently surpassed Wall Street's bottom-line estimates for the past four quarters [2] - For the full fiscal year 2025, adjusted EPS is projected at $7.27, slightly down from $7.28 in fiscal 2024, with a forecasted increase of 9.9% to $7.99 per share in fiscal 2026 [3] Stock Performance - MKTX stock has declined by 40.8% over the past 52 weeks, underperforming the Financial Select Sector SPDR Fund's 10.9% gains and the S&P 500 Index's 14.8% returns during the same period [4] - Following the Q2 results announcement, MKTX stock prices fell by 10.1%, despite reporting a 12% increase in commissions revenues to $191.8 million and a 10.9% year-over-year revenue growth to $219.5 million, which exceeded expectations [5] Analyst Ratings - Analysts maintain a consensus "Moderate Buy" rating for MKTX, with 16 analysts providing insights: five "Strong Buys," one "Moderate Buy," nine "Holds," and one "Moderate Sell." The mean price target of $203 indicates an 18.8% upside potential from current levels [6]
The 6th Annual Seedly Personal Finance Festival Rallies Over 3,800 Singaporeans to Offer Insights into Economic Volatility
Globenewswire· 2025-10-21 02:00
Core Insights - MoneyHero Limited successfully concluded the Seedly x SingSaver Personal Finance Festival, attracting over 3,800 attendees, highlighting the demand for financial guidance amid economic uncertainty [1][9] - The Festival emphasized financial resilience, strategic wealth building, and adapting to a rapidly changing global economy, featuring over 65 distinguished speakers [3][9] - The event reinforced MoneyHero's commitment to innovation and partnership, celebrating its second anniversary as a Nasdaq-listed company [7][8] Event Highlights - The Festival was themed "Explore Singapore!" in celebration of the SG60 national milestone, providing a platform for attendees to reflect on Singapore's achievements and plan for their financial futures [2] - Attendees engaged in 16 hours of curated talks, workshops, and interactive sessions aimed at enhancing their financial knowledge [3][4] - The event featured immersive brand experiences from 19 sponsors, creating a dynamic marketplace for ideas and opportunities [4] Government Engagement - A key fireside chat featured Acting Minister for Transport and Senior Minister of State for Finance, Jeffrey Siow, discussing the importance of long-term financial discipline and readiness for external shocks [5][6] - Minister Siow emphasized the need for Singaporeans to invest in their skills and networks, reflecting on the enduring principles of personal finance [6] Company Commitment - MoneyHero's CEO, Rohith Murthy, highlighted the strong need for practical financial knowledge and the importance of collaborative innovation in delivering high-quality financial products [8] - The company aims to enhance the digital journey for users through AI, providing personalized product insights to improve conversion and unit economics for financial institution partners [8] Company Overview - MoneyHero Limited operates as a leading personal finance aggregation and comparison platform in Greater Southeast Asia, with a portfolio that includes various B2C and B2B platforms [11] - As of June 30, 2025, MoneyHero had over 270 commercial partner relationships and approximately 5.3 million Monthly Unique Users across its platform [11]
Abaxx Announces Closing of US$22 Million Strategic Financing
Globenewswire· 2025-10-20 22:15
Core Viewpoint - Abaxx Technologies Inc. has successfully closed a non-brokered private placement financing, raising US$22 million through the issuance of 1,000,000 units at a price of US$22.00 per unit [1][2]. Financing Details - Each unit consists of one common share and one half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at US$25.00 until April 20, 2028 [2]. - The financing is subject to final approval from Cboe Canada, and all securities issued will be subject to a four-month hold period under Canadian securities laws [4]. Use of Proceeds - The proceeds from the financing are intended for general corporate and working capital purposes, including funding ongoing operations of Abaxx Exchange and Clearing, product listings, pilot programs for Abaxx Private Digital Title technology, and meeting regulatory requirements [3]. Company Overview - Abaxx Technologies is focused on creating Smarter Markets through improved tools and technology, addressing significant societal challenges such as the energy transition [6]. - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot Pte. Ltd. [7]. Market Infrastructure - Abaxx Exchange provides critical market infrastructure for the transition to a low-carbon economy, offering centrally-cleared, physically-deliverable futures contracts in various commodities [8]. - Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore, facilitating secure electronic transactions and supporting physical delivery for gold futures contracts [9].
Eason Technology Limited Received NYSE American Non-Compliance Letter
Prnewswire· 2025-10-20 20:59
Core Points - Eason Technology Limited has received a notice from NYSE Regulation indicating non-compliance with continued listing standards due to insufficient stockholders' equity and losses in recent fiscal years [1][2] - The company reported stockholders' equity of RMB 28 million (approximately USD 3.8 million) as of December 31, 2024, and has incurred losses from continuing operations in three of the last four fiscal years [1] - Eason Technology must submit a compliance plan by November 13, 2025, to regain compliance by April 14, 2027 [2][3] Compliance Procedures - The company is now subject to the procedures outlined in Section 1009 of the NYSE American Company Guide [2] - If the compliance plan is not submitted or accepted, delisting proceedings will commence [3] - The company may appeal any delisting determination in accordance with the Company Guide [3] Current Listing Status - The delinquency notice does not have an immediate impact on the listing of the company's American Depositary Shares (ADSs), which will continue to be traded on NYSE American during the cure period [4] Company Background - Eason Technology Limited is involved in real estate operation management and investment, as well as digital technology security in Hong Kong, China [5] - The company previously operated as a licensed microfinance lender but has suspended loan offerings since 2020 [5]
Broadridge Schedules Webcast and Conference Call to Review First Quarter Fiscal Year 2026 Results on November 4, 2025
Prnewswire· 2025-10-20 20:30
Core Insights - Broadridge Financial Solutions, Inc. is set to release its financial results for Q1 of fiscal year 2026 on November 4, 2025, with a conference call scheduled for 8:30 a.m. ET on the same day [1] - The company processes over 7 billion communications annually and supports an average daily trading volume exceeding $15 trillion in various securities globally [4] Company Overview - Broadridge is recognized as a global technology leader in the financial services industry, providing transformative technology and expertise to enhance operational resiliency and business performance [3] - The company is part of the S&P 500 Index and employs over 15,000 associates across 21 countries [4] Event Details - Investors can access the live webcast and presentation on Broadridge's Investor Relations website, with dial-in options available for those wishing to participate in the conference call [1] - A replay of the webcast will be available, and a recording of the call can be accessed until November 11, 2025, using specific dial-in numbers and a passcode [2]