Monday, April 13

Business

Open Text (NasdaqGS:OTEX) Valuation Check As Preliminary Q3 Revenue And CEO Transition Take Shape
Business

Open Text (NasdaqGS:OTEX) Valuation Check As Preliminary Q3 Revenue And CEO Transition Take Shape

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Open Text (OTEX) is back in focus after issuing preliminary third quarter fiscal 2026 revenue guidance of about US$1.28b and confirming that incoming CEO Ayman Antoun will join the May 7 earnings call. See our latest analysis for Open Text. The preliminary Q3 fiscal 2026 revenue guidance and upcoming CEO transition come after a weak run for the stock, with a 90 day share price return of a 37.89% decline and a 1 year total shareholder return of a 14.02% decline. This suggests sentiment has cooled even as investors reassess the risk and growth profile around new leadership and upcoming results. If this kind of reset has you thinking about where else growth and risk mi...
What To Expect From Wells Fargo’s (WFC) Q1 Earnings
Business

What To Expect From Wells Fargo’s (WFC) Q1 Earnings

What To Expect From Wells Fargo’s (WFC) Q1 Earnings Financial services giant Wells Fargo (NYSE:WFC) will be announcing earnings results this Tuesday before market hours. Here’s what investors should know. Wells Fargo missed analysts’ revenue expectations last quarter, reporting revenues of $21.37 billion, up 4.4% year on year. It was a slower quarter for the company, with a slight miss of analysts’ revenue estimates and a slight miss of analysts’ net interest income estimates. Is Wells Fargo a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Wells Fargo’s revenue to grow 7.6% year on year, a reversal from the 3.5% decrease it recorded in the same quarter last year. Wells Fargo Total Revenue...
Finance world heads to Washington as politics and markets erupt – POLITICO
Business

Finance world heads to Washington as politics and markets erupt – POLITICO

Private credit concerns One of those possible shocks relates to private credit. Investors have been fleeing private markets where they can profit off loans to risky companies made by financial firms that aren’t banks. Panic has spread as some of those loans have soured, catching the attention of regulators. Federal Reserve Chair Jerome Powell has said that while some people will lose money, for now the problem doesn’t seem like it will feed out and threaten the stability of the financial system. But he added that the central bank continues to monitor the situation closely. On the other side of the Atlantic, the tone is a bit more worried. Bailey has highlighted the need to probe banks’ potential exposure to these markets closely, harkening back to the 2008 financial crisis when su...
The Hottest New Trade in Crypto
Business

The Hottest New Trade in Crypto

The hottest new trade in crypto doesn't involve meme coins, stablecoins, or altcoins. It's not a buzzy new AI crypto, and it certainly does not involve Bitcoin (CRYPTO: BTC). Instead, the hottest new trade in crypto, according to the Wall Street Journal, is tokenized oil futures. If you've been following geopolitical events in the Middle East (and who hasn't?), then you'll understand why. Oil prices can zigzag wildly, based on nothing more than a single social media post, and crypto traders want a way to get in on the action. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » There's nothing new, of course, about s...
Korea to expand FTA with emerging markets to diversify supply chains: finance chief
Business

Korea to expand FTA with emerging markets to diversify supply chains: finance chief

Finance Minister Koo Yun-cheol speaks during an economy-related ministerial meeting at the government complex in Seoul, Monday. YonhapKorea aims to expand its free trade agreement (FTA) network with emerging markets, such as Latin America and Africa, in its latest effort to diversify supply chains, Finance Minister Koo Yun-cheol said Monday."Rather than simply responding to trade issues, the government will expand its FTA network to support export growth," Koo said while presiding over an economy-related ministerial meeting.He noted that the global trade environment is undergoing a structural change due to the weakening of multilateral trade norms and increasing competition among major countries.In response, the government sees a need to continuously expand and strategically upgrade its FT...
Should You Buy, Wait, or Avoid?
Business

Should You Buy, Wait, or Avoid?

When a hedge fund or institutional investor shorts a stock, it means that they are essentially betting on the stock to go down. Every month, Hazeltree, a Treasury and liquidity management firm that tracks alternative asset managers, publishes a list of the most shorted stocks. In February, with the latest report, Hazeltree revealed that cloud-computing firm Oracle (NYSE: ORCL) was among the most shorted large-cap stocks in North America. Oracle stock has been moving lower this year due to its high valuation, high AI spending and debt, and concerns about its reliance on OpenAI (which is unprofitable and has high cash burn, among other issues). Add to that the recent geopolitical conflicts, and Oracle's stock has been steadily moving lower since February. The stock is down about 29% yea...
Justin Sun Accuses Trump’s World Liberty Financial of Hiding Wallet Freeze Function
Business

Justin Sun Accuses Trump’s World Liberty Financial of Hiding Wallet Freeze Function

Tron founder Justin Sun has criticized World Liberty Financial. He accused the Trump-linked crypto venture of hiding a blacklist function that allowed it to freeze investor wallets. In an April 12 post on X, Sun said he invested in World Liberty because he believed the platform’s public pitch around decentralized finance and broader retail access. He said the company undermined that belief by hiding a contract feature that let it freeze or restrict token holders without notice or recourse. Sun said the team blacklisted his WLFI wallet in 2025 and urged it to unlock the tokens. Sun is not a marginal WLFI holder. The Tron founder had spent at least $75 million on WLFI tokens, making him one of the project’s biggest known backers. However, World Liberty blacklisted Sun’s wallet ...
Shareholders in line for $100 million compensation following ‘landmark’ court battle: ‘First time in history’
Business

Shareholders in line for $100 million compensation following ‘landmark’ court battle: ‘First time in history’

Logistics company Brambles was found by the Federal Court to have engaged in misleading and deceptive conduct and to have breached its continuous disclosure obligations. (Source: Brambles) Aussie shareholders could be in line for more than $100 million in compensation after a landmark Federal Court ruling. Logistics giant Brambles was found to have breached its continuous disclosure obligations, in a judgment handed down more than three years after a class action trial. Justice Bernard Murphy found the chain logistics company did not have “reasonable grounds” for the profit guidance it gave in 2016-2017. It was found that the ASX-listed company engaged in misleading or deceptive conduct and breached its continuous disclosure obligations between November 2016 and January 2017. T...
World Liberty Financial Dares One Of Its Biggest Backers to Court
Business

World Liberty Financial Dares One Of Its Biggest Backers to Court

World Liberty Financial has challenged its largest private investor to a legal fight after he publicly accused the project of embedding a hidden freeze function in its token contract. The dispute marks a sharp turn in a relationship that began with a $30 million investment in November 2024. The investor, Tron founder Justin Sun, poured over $75 million into the platform and describes himself as the first and single largest victim of the project's blacklisting practice. In December 2024, the World Liberty Financial cleared its cbBTC portfolio of 102.9 tokens worth $10.4 million to acquire 103.15 WBTC. The following day, Sun was named an advisor to WLFI, highlighting his growing interest in the DeFi project and the growing relationship between WLFI and WBTC. Sun's allegation...
East Texas financial wellness requires action, expert says
Business

East Texas financial wellness requires action, expert says

TYLER, Texas (KLTV) - UT Tyler Professor Susan Doty said it’s important to prioritize purchases as prices rise for items such as gas and groceries.“There has to be a plan to earn more income or reduce expenses when things get tight,” Doty said. Doty, who is the executive director of the Center for Economic Education and Financial Literacy, recommended having an emergency fund to help when the unexpected happens. That emergency fund, Doty mentioned, should come before saving for high-budget items. “It can’t be something that goes for ordinary purchases, it can’t be something that is used for expected purchases. It has to be something that is there to protect a family who might lose an income, might encounter an emergency of sorts.”Doty added financial wellness is about more than just knowin...