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Hi, mooers! ![]()
The U.S. Federal Reserve is scheduled to hold an FOMC meeting and press conference on December 18.![]()
This will be the last FOMC meeting in 2024.
On December 11, the U.S. Bureau of Labor Statistics released the latest CPI data. The consumer price index showed a 12-month inflation rate of 2.7%, increasing 0.3% monthly. The annual rate was 0.1 percentage points higher than in October. Given the current inflation rate,...
The U.S. Federal Reserve is scheduled to hold an FOMC meeting and press conference on December 18.
On December 11, the U.S. Bureau of Labor Statistics released the latest CPI data. The consumer price index showed a 12-month inflation rate of 2.7%, increasing 0.3% monthly. The annual rate was 0.1 percentage points higher than in October. Given the current inflation rate,...
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Hi mooers! ![]()
The world's most valuable company, $NVIDIA (NVDA.US)$, is set to release its Q3 FY2025 financial results on November 20 after the bell. Unlock insights with NVDA Earnings Hub>>
As of 14 November, share prices of $NVIDIA (NVDA.US)$ have increased +196.44% in this year.![]()
It is now the world's most valuable company with a $3.6 trillion market cap![]()
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As big tech companies like $Amazon (AMZN.US)$, $Alphabet-A (GOOGL.US)$ and $Meta Platforms (META.US)$ all poise...
The world's most valuable company, $NVIDIA (NVDA.US)$, is set to release its Q3 FY2025 financial results on November 20 after the bell. Unlock insights with NVDA Earnings Hub>>
As of 14 November, share prices of $NVIDIA (NVDA.US)$ have increased +196.44% in this year.
As big tech companies like $Amazon (AMZN.US)$, $Alphabet-A (GOOGL.US)$ and $Meta Platforms (META.US)$ all poise...
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(Singapore, New York, 12th consolidated news) Southeast Asia's ride-hailing and food delivery company, Grab Holdings, $Grab Holdings (GRAB.US)$ turned from loss to profit, recording a net profit of 15 million US dollars (about 66.42 million ringgit) in the third quarter, inspiring a sharp rise in stock prices.
During the overnight US stock trading session, Grab rose by 3.55%, closing at 4.38 US dollars; after announcing better-than-expected performance and strong performance guidance, the stock rose by as much as 15% after market close, reaching a high of 5.04 US dollars.
The company announced that all business revenues grew, driving third-quarter revenue to increase by 17% year-on-year to 0.716 billion US dollars (about 3.171 billion ringgit), exceeding market expectations of 0.697 billion US dollars.
In response to intense competition, the company has adopted a series of cost reduction and efficiency improvement measures and is now reaping the benefits, achieving profitability for the second consecutive time.
According to the company's announcement on the exchange, Grab Holdings' revenue this year can reach 2.78 billion US dollars (approximately 12.311 billion ringgit), with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from 0.308 billion to 0.313 billion US dollars (1.364 billion to -1.386 billion ringgit).
Founder and CEO Anthony Tan stated that the group's business has gained strong momentum at the end of the year, and the company expects the total transaction value of its on-demand services to continue growing in the fourth quarter, thereby raising revenue and EBITDA outlook for the current fiscal year.
Although Grab's growth rate is slower compared to the past few years...
During the overnight US stock trading session, Grab rose by 3.55%, closing at 4.38 US dollars; after announcing better-than-expected performance and strong performance guidance, the stock rose by as much as 15% after market close, reaching a high of 5.04 US dollars.
The company announced that all business revenues grew, driving third-quarter revenue to increase by 17% year-on-year to 0.716 billion US dollars (about 3.171 billion ringgit), exceeding market expectations of 0.697 billion US dollars.
In response to intense competition, the company has adopted a series of cost reduction and efficiency improvement measures and is now reaping the benefits, achieving profitability for the second consecutive time.
According to the company's announcement on the exchange, Grab Holdings' revenue this year can reach 2.78 billion US dollars (approximately 12.311 billion ringgit), with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from 0.308 billion to 0.313 billion US dollars (1.364 billion to -1.386 billion ringgit).
Founder and CEO Anthony Tan stated that the group's business has gained strong momentum at the end of the year, and the company expects the total transaction value of its on-demand services to continue growing in the fourth quarter, thereby raising revenue and EBITDA outlook for the current fiscal year.
Although Grab's growth rate is slower compared to the past few years...
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GRAB is the dominant ride-hailing and food-delivery player in Southeast Asia. The platform provides a wide range of services, including ride-hailing for transportation, food delivery to satisfy cravings, as well as ventures into e-commerce and various fintech solutions. The company is expected to release Q3 2024 earnings report on 2024/11/11 ET after bell.
As the company's core business, deliveries accounted for over 50% of the revenue in Q1, ...
As the company's core business, deliveries accounted for over 50% of the revenue in Q1, ...
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Amazon for the win. This company still and will rule online shopping.
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