Investing.com -- On Monday, eToro Group Ltd. took a significant step towards becoming a publicly-traded company by filing for an Initial Public Offering (IPO) with the Securities and Exchange Commission (SEC). The company is set to offer Class A common shares on the Nasdaq Global Market, although the number of shares and the price range for the offering have not been disclosed. eToro, which has no ...
By Steve Holland, David Shepardson and Heekyong YangWASHINGTON/SEOUL (Reuters) - South Korea’s Hyundai Motor (OTC:HYMTF) Group announced a $21 billion investment in the United States with President Donald Trump at the White House on Monday.The investment includes a new $5.8 billion Hyundai Steel (KS:004020) plant in Louisiana that will produce over 2.7 million metric tons of steel annually, cr ...
Investing.com -- On Monday, a former Engineering Director at Microsoft (NASDAQ:MSFT) provided insights on the competitive landscape of cloud services, particularly focusing on Microsoft Azure. During an interview with In Practise, he addressed the reasons why Chief Technology Officers (CTOs) might opt for Azure over other cloud providers and discussed whether Microsoft has a "moat" – a term used ...
Investing.com -- S&P Global Ratings has revised its outlook on Tampa-based casual dining company Bloomin’ Brands (NASDAQ:BLMN) Inc. from positive to negative. The company has experienced shrinking margins and cash flow over the last four quarters, leading to a leverage increase over 4x. The negative outlook is due to expectations of continued traffic declines, modest sales contraction, and c ...