Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Meeting to be held Thursday, August 29 at 12 p.m. ET
PALO ALTO, CA / ACCESSWIRE / August 27, 2024 /CXApp Inc.(Nasdaq:CXAI), the global technology leader in employee workplace experiences, announced it will host a virtual-only 2024 Annual Meeting of Shareholders at 12:00 PM Eastern Time on Thursday, August 29, 2024.
On the day of the Annual Meeting, shareholders may access the virtual meeting at www.virtualshareholdermeeting.com/CXAI2024 at 11:45 AM Eastern Time using either the control number found on their proxy card, voting instruction form or the notice that was previously received. Only shareholders who log into the meeting using a control number will have the ability to ask questions or vote during the live meeting.
Shareholders are also invited to vote any time prior to the Annual Meeting at www.proxyvote.com using either the control number found on their proxy card, voting instruction form or the notice that was previously received.
A meeting replay will be available on the Company's website www.cxapp.com, through August 29, 2025.
About CXApp Inc
CXApp Inc., is the global technology leader in employee workplace experiences. The Company is headquartered in the SF Bay Area and operates the CXAI SaaS platform that is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.
CXApp's customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.
CXApp Inc.: marketing@cxapp.com
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," or the negative or other variations thereof and similar expressions are intended to identify such forward looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company's auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the impact of the COVID-19 pandemic on our business, operations, results of operations and financial condition, including liquidity for the foreseeable future; the demand for the Company's services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company's services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company's business; difficulties of managing growth profitably; the loss of one or more members of the Company's management team; loss of a major customer and other risks and uncertainties included from time to time in the Company's reports (including all amendments to those reports) filed with the SEC. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this communication.
SOURCE: CXApp Inc.
View the original press release on accesswire.comExperienced Finance Executive with previous leadership roles at Google Cloud, BlackRock and E&Y
PALO ALTO, CA / ACCESSWIRE / August 19, 2024 /CXApp Inc. (Nasdaq:CXAI), the global technology leader in employee workplace experiences today announced the appointment of Joy Mbanugo as Chief Financial Officer (CFO), effective immediately, reporting to Chairman and CEO Khurram Sheikh. Mrs. Mbanugo will oversee the company's financial strategy and operations as it continues its rapid growth and global expansion, transforming workplaces worldwide.
Joy Mbanugo brings over 22 years of financial leadership experience to CXAI, demonstrated by a proven track record of steering organizations through significant periods of transformation and growth. Prior to joining CXAI, she served as the Chief Financial Officer at ServiceRocket, where she was instrumental in optimizing EBITDA through strategic cost management, cash preservation, and driving topline growth. Joy also played a critical role in shaping and executing the company's go-to-market strategy, aligning financial resources with sales and marketing initiatives to drive sustainable growth. Prior to ServiceRocket, Joy had a leading role in financial planning, analysis, and reporting for cloud partnerships at Google Cloud. At Google, she not only optimized profit margins on major deals but also significantly contributed to one of the largest financial system transformations in the company's history which significantly enhanced global financial efficiency and business intelligence. Additionally, Joy brings significant experience in treasury and tax management, having overseen comprehensive corporate tax strategies, intercompany transactions, and global cash management of over $100 billion, ensuring robust compliance and optimization of financial resources.
"On behalf of the entire team at CXAI, we are thrilled to welcome Joy Mbanugo as our Chief Financial Officer," said Khurram Sheikh, Founder, Chairman & CEO of CXAI. "Joy's extensive experience in financial management and strategic planning will be invaluable as we continue to scale our business and develop a new category in software focused on employee experiences. We conducted a thorough search across Silicon Valley and are fortunate to have someone of her caliber join our team at this exciting juncture."
Mrs. Mbanugo expressed excitement about joining CXAI at a pivotal time in its growth trajectory. "CXAI is leading the charge in transforming workplace environments through innovative AI-powered solutions. I am excited to join this dynamic team of innovators. My focus will be on driving strategic financial initiatives that align with our ambitious growth trajectory, enhancing value for our shareholders, and positioning CXAI as the leading force in the future of work. Partnering with Khurram and the CXAI team, I am looking forward to this journey of shaping the future of work."
Khurram Sheikh concluded, "CXAI has been at the forefront of revolutionizing the employee experience, offering cutting-edge solutions that help organizations foster a more engaging and productive workplace. As the company continues to expand its offerings and global footprint, Joy's leadership will play a crucial role in driving continued financial performance and being a partner to me in executing our business plans. We are all looking forward to Joy's help in taking CXAI to the sky and beyond!"
About CXApp Inc. CXApp Inc., is the global technology leader in employee workplace experiences. The Company is headquartered in the SF Bay Area and operates the CXAI SaaS platform that is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.
CXApp's customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.
CXApp Inc.: marketing@cxapp.com
SOURCE: CXApp Inc.
View the original press release on accesswire.comInvesting in penny stocks can be risky, as these are largely companies with unproven business models. However, due to their smaller size, quality penny stocks have the potential to deliver outsized gains to shareholders over time.
One such penny stock is CXApp , which provides solutions for workplace experience. These solutions are used in workplace analytics, occupancy management, corporate communications, navigation, content delivery, and more.
Valued at $34.16 million by market cap, CXApp is a micro-cap penny stock, trading at $2.32 per share as of this writing. After its quarterly results, the penny stock surged over 84% in a single trading session on Aug. 13. Let’s see if this breakout penny stock is a good buy right now.
How Did CXApp Perform in Q2 of 2024?
In the June quarter, CXApp reported revenue of $1.76 million, down from $1.91 million last year. Its operating loss of $3.65 million was down from $3.68 million, while the net loss of $5.25 million was narrower than its year-ago loss of $14.7 million.
CXApp remains unprofitable, and continues to optimize its cost base as operating expenses fell by 15% year over year in Q2 of 2024.
Moreover, booking growth for CXApp was driven by renewals and expansion by four other customers in other verticals. The subscription-to-one-time revenue split was 85% for Q2, up from 79% last year. Its gross margin also improved from 75% to over 80% in the last 12 months, while the net retention rate stood at 105%, indicating that existing customers increased spending by 5% in the past year.
CXApp completed a major business transformation to an artificial intelligence (AI)-native SaaS (software-as-a-service) model, as it saw an increase of 78% in renewal and expansion bookings year over year. The company reported its largest expansion deal with a major customer in the financial sector that is scaling its footprint globally. CXApp emphasized that the customer’s annual recurring revenue more than doubled due to this expansion.
Khurram Sheikh, Chairman and CEO, stated, “Q2 was a great quarter in cementing our business model and demonstrating the execution of our ‘land and expand’ strategy. We continue to make great progress in shaping the future of work with our largest expansion deal this quarter. This large enterprise client is seeing high adoption of our platform in their pilot deployments at their headquarters in the U.S. and a second major site. We are solving real problems in the work environment for them, and they are now planning to scale up with our AI-native solutions across their enterprise footprint.”
A Partnership With Google
CXApp just announced a multi-year, multi-million-dollar strategic agreement with Google Cloud . According to the agreement, the two companies will deploy and deliver advanced AI infrastructure, security, and application products. Additionally, Google Cloud will co-invest with CXApp to deploy, monitor, and modernize the latter’s native AI platform.
The CXAI tech platform showcases the company’s shift towards an AI-centric approach to workplace innovation. It aims to integrate customer experience with AI and deliver solutions that transform the workspace.
What is the Target Price for CXApp Stock?
The single analyst tracking CXApp stock has a “strong buy” rating and a target price of $6, indicating an upside potential of almost 161% from current levels.
CXApp might seem like an enticing buy due to its partnership with one of the largest companies in the world. However, it still remains unprofitable, and I would like to see at least four quarters of revenue growth before making an investment decision.
On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
Tech stocks were sharply higher late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.8% and the SPDR S&P Semiconductor ETF (XSD) jumping 3.5%.
The Philadelphia Semiconductor index climbed 3.6%.
In corporate news, Dell Technologies shares jumped over 5% as Barclays upgraded its rating on the stock to equalweight from underweight with a price target of $97.
CXApp shares soared 86% after the company said late Monday that it secured a multi-million dollar deal with Alphabet's (GOOG) Google Cloud.
Sea shares popped nearly 11%. The company's Q2 earnings fell year over year while revenue rose more than expected, driven by its e-commerce segment.
Tencent Music Entertainment shares tumbled past 15%. The company's Q2 top line declined on a yearly basis mainly due to lower revenue in its social entertainment services segment, partially offset by gains in the online music unit.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index jumping more than 300 points on Tuesday.
The Dow traded up 0.86% to 39,696.74 while the NASDAQ rose 2.17% to 17,143.94. The S&P 500 also rose, gaining, 1.44% to 5,421.43.
Leading and Lagging Sectors
Information technology shares climbed by 2.7% on Tuesday.
In trading on Tuesday, energy shares fell 1%.
Top Headline
Shares of Paysafe Ltd jumped around 9% on Tuesday after the company reported its second-quarter financial results.
Paysafe reported second-quarter adjusted earnings of 59 cents per share, beating the 8 cent analyst consensus estimate. Quarterly sales came in at $439.9 million, reflecting a 7% growth in total payment volume and beating the $424.28 million estimate.
Paysafe revised its full-year 2024 revenue guidance to $1.713 billion – $1.729 billion (prior $1.688 billion – $1.712 billion), versus the $1.705 billion analyst consensus estimate.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 2.1% to $78.37 while gold traded up 0.2% at $2,508.70.
Silver traded down 0.8% to $27.79 on Tuesday, while copper fell 0.5% to $4.05.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 rose 0.52%, Germany's DAX rose 0.48% and France's CAC 40 rose 0.35%. Spain's IBEX 35 Index rose 0.73%, while London's FTSE 100 rose 0.30%.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 jumping 3.45%, Hong Kong's Hang Seng Index gaining 0.36%, China's Shanghai Composite Index gaining 0.34% and S&P BSE Sensex falling 0.87%.
Economics
U.S. producer prices rose 0.1% month-over-month in July compared to a 0.2% increase in June and versus market expectations of 0.2%.
Now Read This:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.