GOTHENBURG, Sweden, Dec. 22, 2024 /PRNewswire/ — Zinzino has in a press release dated 20240617 announced that a letter of intent to acquire 100% of the shares in the North American direct selling company Zurvita Inc. “Zurvita or the Company” was signed. Since then, Zinzino has negotiated with the owners of Zurvita Inc. and instead concluded that the purchase of Zurvita’s assets in a Chapter 11 proceeding for the Company is in Zinzino’s best interest. Zinzino is providing a debtor-in-possession (DIP) financing to Zurvita, which filed for Chapter 11 bankruptcy proceedings on the 20th December 2024. By entering as a…
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There’s no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. So, the natural question for AbCellera Biologics (NASDAQ:ABCL) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount…
When Goldman Sachs (GS) CEO David Solomon got an invite to watch Donald Trump triumphantly ring the opening bell at the New York Stock Exchange earlier this month, there was no question he would go. Not only was the next US president coming to Wall Street but he was giving Solomon, Citigroup (C) CEO Jane Fraser, and a host of other corporate executives a chance to meet and mingle with a chunk of his cabinet nominees on the trading floor. Minutes ahead of Trump’s bell ringing, the crowd broke into a cheer: “U-S-A, U-S-A.” Solomon and other big bank bosses…
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings’ Temu and fast-fashion retailer Shein. Amazon told CNBC that Haul has had millions of unique customer visits since it launched in November. Like Temu, Haul offers items at bargain prices, such as sneakers for $9.98, kitchenware for $5.99 and phone cases for $2.99. Unlike Temu, Haul caps the price of each offering at $20. It offers…
NEW YORK — The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.But with inflation pressures still elevated and with concern that President-elect Donald Trump’s policies could fuel inflation, the Fed indicated Wednesday that it’s likely to cut rates more gradually in 2025 than it had projected three months ago. The policymakers now envision two rate cuts next year, not the four they predicted back in September.The result is that borrowers who have been hoping for much-lower-rate loans could be disappointed. Loan…
Image source: Getty Images It isn’t often a UK stock appears on a US company’s investment list. But as 2025 approaches, Rolls-Royce (LSE:RR) shares are top of one firm’s portfolio – and it’s not just any US company. It’s the Sequoia Fund. I don’t spend much time looking at what other investors are doing as a rule, but there are a few exceptions – and this is one of them. Buffett’s only recommendation In 1969, Warren Buffett decided he couldn’t see attractive investment opportunities in the stock market. So he made his one-and-only recommendation for investors: the Sequoia Fund. At…
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Hasbro (NASDAQ:) To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Hasbro between February 7, 2022, and October 25, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information] New York, New York–(Newsfile Corp. – December 22, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hasbro, Inc.…
Want to put $1,000 to work in the market after holiday shopping? These undervalued tech stocks could be just what you’re looking for. After soaring in 2024, the stock market is approaching the end of December in a volatile fashion. On Friday, Dec. 20, artificial intelligence (AI) chip designer Nvidia is down by 11% in a month. The stock is still up by 161% year to date, but that’s a pretty sharp correction. If you have been looking for an opportunity to buy Nvidia shares at a lower price, this just might be the correction you’ve been waiting for. Even so,…
Image source: Getty Images A low price-to-earnings (P/E) ratio doesn’t always mean a stock’s cheap. But I think value investors should take a close look at Aercap Holdings (NYSE:AER) shares at a P/E multiple of 8. The company makes money by buying and leasing aircraft. And it looks to me a potentially better pick than either of the FTSE 100 airlines. Overview With a few exceptions, airlines typically don’t like owning the aircraft they operate. And the reason’s straightforward – they’re expensive. Buying and maintaining aircraft involves a lot of cash. By contrast, leasing involves a relatively small capital outlay…
Investing in equal parts of these dividend stocks produces an average yield of 4%. 2024 is almost over, but there’s still time left in the year to identify quality companies that are worth buying now. Some folks may be looking for high-octane growth stocks with room to run, whereas others may be in search of companies that can pay them dividend income no matter what the stock market is doing. Dividend stocks offer a way to participate in the market without all of the gains depending on the stock price going up. Investors can use dividend income to reinvest in…