Sodexo reported a 2% increase in organic revenue for Q3, surpassing expectations with strong growth in the Rest of World segment at 10.6% and stable commercial trends. The company raised its full-year sales growth forecast to between 1.2% and 1.5%, although its EBIT margin guidance remains unchanged. Analysts view Sodexo as transitioning from execution risks to a recovery phase, supported by a valuation below peers and potential for strategic acquisitions. Despite conservative Q4 guidance, near-term free cash flow visibility supports a positive investment outlook.
On July 10, US spot Bitcoin ETFs attracted $90.4 million in net inflows, while Ethereum ETFs gained $18.4 million, indicating a cautious return of institutional capital after a massive $4 billion outflow in June. This inflow follows a break in a 10-d...
Meta has discontinued its new AI feature, Muse Image, which allowed users to generate images using photos from public Instagram accounts. The tool faced immediate criticism for privacy concerns, as it was automatically enabled without explicit user c...
The RiverNorth Opportunities Fund (RIV) provides a high yield of 13.48% by investing tactically in closed-end funds, SPACs, BDCs, and ETFs. Its largest allocation to special purpose acquisition companies (SPACs) adds diversification but also increase...
Pendle has upgraded Bungee Exchange to version 3, enabling users to swap tokens across different blockchains into Pendle's principal tokens (PT) and yield tokens (YT) with a single click and no need to hold native gas tokens on the destination chain....
After weeks of $1.67 billion in outflows from US spot Bitcoin ETFs, $86 million flowed back in on June 12, driven mainly by BlackRock's iShares Bitcoin Trust (IBIT) which accounted for nearly two-thirds of the inflow. IBIT alone attracted about $57.7...
