Andurand Pulls Back From Cocoa Misadventure After ‘Extreme' Volatility Drives Losses
The gyrations underscore the risk for fund managers that drift away from their core expertise into other markets that carry unfamiliar risks. Andurand, whose main fund was down over 57% through the end of June, began trading cocoa in early 2024 after more than a decade focused primarily on oil.
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Associated Press
9 minutes ago
- Associated Press
Strategic Partnership Between ZagTrader and Karmal Brokerage to Enhance Trading Capabilities in Iraq
'This partnership marks a major step in modernizing Iraq's trading landscape, combining our technology with ISX Karmal's local expertise to offer investors exceptional trading opportunities.'— Shihab Khalil, CEO of ZagTrader DUBAI, UNITED ARAB EMIRATES, August 10, 2025 / / -- ZagTrader, a leading global provider of trading and investment technology solutions, has announced a strategic partnership with Karmal Brokerage, a prominent Iraqi brokerage firm. This collaboration aims to enhance the trading experience for investors in Iraq by integrating advanced trading technologies and expanding access to global financial markets. Key Highlights of the Partnership: -Advanced Trading Infrastructure: The partnership will introduce state-of-the-art trading platforms, offering real-time market data, advanced charting tools, and seamless order execution. -Enhanced Market Access: Investors will gain access to a broader range of financial instruments, including equities, bonds, and commodities, facilitating diversified investment portfolios. -Regulatory Compliance: Both companies are committed to adhering to international regulatory standards, ensuring a secure and transparent trading environment for all participants. -Back Office Automation & Reporting: The collaboration will drive efficiency through streamlined back-office operations, automated workflows, and powerful reporting tools, enabling greater operational control and scalability. About Karmal Brokerage: Karmal Brokerage is a leading brokerage firm based in Iraq, specializing in providing a wide range of financial services to investors. Established with the aim of enhancing the trading experience in the region, Karmal offers innovative solutions to both retail and institutional clients. Their services include trading in equities, bonds, commodities, and other financial instruments, all supported by cutting-edge technology and a team of seasoned market experts. About ZagTrader: ZagTrader is a global leader in providing innovative trading and investment technology solutions. With a focus on delivering high-performance platforms, ZagTrader serves financial institutions and individual investors worldwide. For further information, please contact: 📩 [email protected] Visit our website Reem ALSukhun ZagTrader +971 4 434 7473 email us here Visit us on social media: LinkedIn Instagram Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Forbes
9 minutes ago
- Forbes
Second Quarter Earnings Season: Waiting For NVIDIA
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Yahoo
16 minutes ago
- Yahoo
Prediction: 2 Stocks That Will Be Worth More Than Upstart 5 Years From Now
Key Points Upstart Holdings has made a recovery but is still a small player in the lending space. SoFi's presence as a comprehensive personal finance platform for individuals should help it expand profits in the years to come. Remitly Global is gaining market share in remittances. 10 stocks we like better than SoFi Technologies › It may seem like a long time ago now, but 2021 was the year of Upstart Holdings. The lending platform grew to a market cap of $30 billion and was aiming to disrupt the traditional pricing mechanisms for consumer loans before it crashed over 90% from all-time highs. In recent quarters, the stock has made a recovery and now sits at a market cap around $8 billion as the company makes progress to go from annual losses to profitability. The stock has come back from the dead, but that does not make it a great buy at today's levels. Here are two fintech stocks that will be worth more than Upstart five years from now, and whether they are buys for your portfolio today. SoFi's attractive proposition The first stock with a more promising future than Upstart Holdings is SoFi Technologies (NASDAQ: SOFI), another highflier from 2020. The online bank has made a sharp recovery and is now generating positive earnings. Last quarter, SoFi's total customer base reached 11.75 million, growing at a 51% compound annual rate since 2021. This led to total revenue growth of 44% to $855 million just in the quarter. More and more people in the United States are adopting SoFi's ecosystem of financial services products that include savings accounts, personal loans, credit cards, and investing. The company's goal is to become a one-stop mobile app for anyone's personal finance needs, and it is now separating itself from the competition. With its much larger scale, the fintech is leveraging its large customer base to generate a healthy profit. Net income grew 479% year over year last quarter to just under $100 million. Today, the stock trades at a market cap of $25 billion, which does not look cheap compared to its price-to-earnings ratio (P/E) of 46. However, the company still has plenty of room to expand its leverage as an efficiently run online bank, meaning that this P/E will come down quickly. SoFi should stay much larger than Upstart and will be a strong stock over the next five years. Remitly's market share gains A stock with a smaller market cap than Upstart is Remitly Global (NASDAQ: RELY). It is a remittance services provider with a market cap of $3.3 billion. Shares of Remitly have fallen in 2025 because of two issues. Immigration changes in the U.S. may present a small but temporary headwind for its growth, but this will likely only end up being a blip on the radar. But stablecoins, which are cryptocurrencies pegged to the value of fiat currencies, could present a long-term headwind for the fintech. However, this narrative isn't supported when looking at the numbers and how people actually interact with remittance providers. People earn money in the currency of the country where they are, and that still requires a remittance provider such as Remitly to send money back to their home country even when using a stablecoin. So the company just announced it will be using stablecoin access to fund an account on its platform. Consumers love Remitly for its ease of use and fees that are lower than the competition's. Revenue grew 34% year over year last quarter to $334 million, with net income of $11 million. Strong unit economics and minimal fixed costs mean that the company can ultimately generate high profit margins, giving it plenty of room to grow earnings in the years to come. With a revenue base of $1.356 billion that is growing like a weed, Remitly has a chance to have a market cap much larger than Upstart if it can keep gaining market share in remittances in the years to come. Upstart's tough path Another reason Remitly and SoFi will be larger than Upstart in five years is the fact that Upstart is going to struggle to generate enough profit to warrant its current market capitalization. For the full year 2025, it is projecting just $35 million in total net income, for a forward P/E of well over 100. It relies on revenue generated by fees made on loans originated through its platform and lending technology but has a bloated cost base with high spending on customer support, technology development, and marketing costs. The company has remained a niche player in the lending space, unable to disrupt traditional methods for generating personal loans. For example, SoFi is much larger than Upstart today. Upstart has a rough path ahead, while the future for Remitly Global and SoFi Technologies looks bright. Include the latter two in your portfolio today and exclude the former. Should you buy stock in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,563!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,108,033!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Brett Schafer has positions in Remitly Global. The Motley Fool has positions in and recommends Upstart. The Motley Fool has a disclosure policy. Prediction: 2 Stocks That Will Be Worth More Than Upstart 5 Years From Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
