Payoneer Global (NASDAQ:PAYO) , a cross-border payments platform, closed Tuesday at $6.39, up 24.32%. The stock jumped after reports that Canadian payments firm Nuvei is in advanced talks to acquire Payoneer for about $2.7 billion. Trading volume reached 51.7 million shares, about 1,005% above its three-month average of 4.7 million shares. Payoneer Global IPO'd in 2020 and has fallen 34% since goi...
Payoneer Global (NASDAQ:PAYO) , a cross-border payments platform, closed Tuesday at $6.39, up 24.32%. The stock jumped after reports that Canadian payments firm Nuvei is in advanced talks to acquire Payoneer for about $2.7 billion. Trading volume reached 51.7 million shares, about 1,005% above its three-month average of 4.7 million shares. Payoneer Global IPO'd in 2020 and has fallen 34% since going public. The S&P 500 slipped 0.26% to finish Tuesday at 7,386, while the Nasdaq Composite lost 0.97% to close at 25,679. Within the financial technology sector, rival PayPal closed at $41.46, up 0.48%, as investors weighed ongoing digital payments adoption alongside deal speculation around Payoneer Global. Just two years after private equity firm Advent International acquired Nuvei for $6.3 billion, the acquiree is trying to make a purchase of its own, offering $2.7 billion for Payoneer Global. However, even after Payoneer Global’s stock jumped 24% today, its market cap of $2.15 billion still sits 25% below Nuvei’s offer -- so the market isn’t fully convinced the deal will reach the finish line just yet. Continue reading
Retail investors are piling back into AI trade leaders, according to the latest Schwab Trading Activity Index (STAX) report. Charles Schwab head trading and derivatives strategist Joe Mazzola breaks down the latest trends in retail trading activity, including how investors are reacting to geopolitical risks from the Middle East.
Retail investors are piling back into AI trade leaders, according to the latest Schwab Trading Activity Index (STAX) report. Charles Schwab head trading and derivatives strategist Joe Mazzola breaks down the latest trends in retail trading activity, including how investors are reacting to geopolitical risks from the Middle East.
I'm desperate for a personal AI assistant, but do I really want to become the kind of person who can't function without the friendly robot voice in my phone?
I'm desperate for a personal AI assistant, but do I really want to become the kind of person who can't function without the friendly robot voice in my phone?
dan_prat/E+ via Getty Images Cenovus Energy ( CVE ) CEO Jon McKenzie said Alberta's proposed 1M bbl/day pipeline to Canada's Pacific coast cannot be financed by the private sector under the country's current regulatory regime, Reuters reported Tuesday. McKenzie told the Global Energy Show in Calgary that the country's industrial carbon pricing system makes Canadian oil uncompetitive an...
dan_prat/E+ via Getty Images Cenovus Energy ( CVE ) CEO Jon McKenzie said Alberta's proposed 1M bbl/day pipeline to Canada's Pacific coast cannot be financed by the private sector under the country's current regulatory regime, Reuters reported Tuesday. McKenzie told the Global Energy Show in Calgary that the country's industrial carbon pricing system makes Canadian oil uncompetitive and inhibits the production growth required to fill the proposed pipeline. Canada's Prime Minister Carney has pledged to support the new pipeline in exchange for a series of measures including a higher industrial carbon tax and the deployment of a long-planned carbon capture project in the oil sands to reduce emissions. Alberta plans to announce project details, including the planned route, by July; the project will be subject to federal approval by October with construction starting as early as late next year. More on Cenovus Energy Cenovus: Strong Operator, Limited Upside Cenovus Energy: Profit Explosion Ahead Cenovus Energy Q1 2026 Earnings Call Presentation
Earnings Call Insights: SailPoint, Inc. (SAIL) Q1 fiscal 2027 Management View "We are off to a strong start in fiscal 2027, delivering another quarter of robust top and bottom line growth," said "Founder, CEO & Director Mark McClain." "In Q1, nonhuman identities accounted for 40% of our identity growth and now represent 14% of all identities we manage in our cloud offering." "To address this new i...
Earnings Call Insights: SailPoint, Inc. (SAIL) Q1 fiscal 2027 Management View "We are off to a strong start in fiscal 2027, delivering another quarter of robust top and bottom line growth," said "Founder, CEO & Director Mark McClain." "In Q1, nonhuman identities accounted for 40% of our identity growth and now represent 14% of all identities we manage in our cloud offering." "To address this new identity crisis... last month, we introduced a true game changer, the SailPoint Agentic Fabric," said "Founder, CEO & Director Mark McClain." "Our Agentic pipeline doubled in Q1." "We recently announced an integration that brings Anthropic's Claude Enterprise directly into SailPoint's governance framework," said "Founder, CEO & Director Mark McClain." "Finally, to ensure immediate defense, our CrowdStrike integration is built to close the loop, triggering automated access remediation during live security events." "We ended fiscal Q1 '27 with ARR of $1.163 billion, an increase of 26% year-over-year, with SaaS ARR of $781 million, growing 36% year-over-year," said "Chief Financial Officer Brian Carolan." "We delivered revenue of $280 million, an increase of 22% year-over-year, with SaaS revenue growing 35%." "The ARR contribution from our emerging products more than doubled year-over-year, representing 20% of the net new ARR in Q1," said "Chief Financial Officer Brian Carolan." "We expect the launch of our new Agentic suites will continue to drive a growing mix of AI-related revenue." Outlook "For the fiscal second quarter of 2027, we expect ARR to be $1.22 billion, up 24% year-over-year," said "Chief Financial Officer Brian Carolan." "We expect revenue to be $310 million, an increase of 17% year-over-year with adjusted operating margin of 18.4%" and "adjusted EPS to be $0.07 to $0.08." "For fiscal year 2027... we are raising our revenue guidance by $5 million to approximately $1.27 billion, an increase of 19% year-over-year," said "Chief Financial Officer Brian Carolan," addi...
Snap-on ( SNA ) announced on Tuesday it acquired Diesel Laptops for ~$100M in cash on June 8, 2026, expanding its footprint in the commercial and heavy-duty vehicle diagnostics space. Diesel Laptops, based in Irmo, South Carolina, provides diagnostics and digital repair tools for trucks and off-highway equipment used in mining, agriculture, and infrastructure sectors. The deal strengthens Snap-on’...
Snap-on ( SNA ) announced on Tuesday it acquired Diesel Laptops for ~$100M in cash on June 8, 2026, expanding its footprint in the commercial and heavy-duty vehicle diagnostics space. Diesel Laptops, based in Irmo, South Carolina, provides diagnostics and digital repair tools for trucks and off-highway equipment used in mining, agriculture, and infrastructure sectors. The deal strengthens Snap-on’s Repair Systems & Information Group by adding proprietary data and tools that help fix more complex vehicles and equipment. Source: Press Release More on Snap-On Snap-on Incorporated (SNA) Presents at Oppenheimer 21st Annual Industrial Growth Virtual Conference Transcript Snap-on Incorporated (SNA) Shareholder/Analyst Call Transcript Snap-On Is Trading At An Understandable Discount Snap-on acquires Hi-Force to expand hydraulic torque tools business Snap-on outlines $28M quarterly corporate costs and ~$100M 2026 capex amid tariff uncertainty
Serena Williams and Victoria Mboko defeat third seeds Nicole Melichar-Martinez and Erin Routliffe to reach the second round at Queen's. The unseeded pair came through a tie-break in the opening set before racing away with the second set to win 7-6 (7-2) 6-2.
Serena Williams and Victoria Mboko defeat third seeds Nicole Melichar-Martinez and Erin Routliffe to reach the second round at Queen's. The unseeded pair came through a tie-break in the opening set before racing away with the second set to win 7-6 (7-2) 6-2.