Melio acquisition will expand our US footprint and double our revenue: Xero CEO
Sukhinder Singh Cassidy, CEO of Xero, discusses the accounting software platform's purchase of New York-based payments firm Melio as it looks to expand further into the US.
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Business Upturn
25 minutes ago
- Business Upturn
Expensify Expands Global Support for Company Cards, Languages, Billing, and Reimbursements
By Business Wire India Published on June 26, 2025, 12:11 IST Portland, Ore., United States: Expensify, Inc. (Nasdaq: EXFY), the financial management superapp for expenses, travel, and corporate cards, today announced a sweeping expansion of international support across its platform. The launch includes support for corporate card import from 10,000+ more banks worldwide, multilingual capabilities, Euro-based billing, international reimbursements in New Expensify, and beta access to the Expensify Card across the UK, EU, and soon Canada. These updates mark a milestone in Expensify's global strategy, enabling businesses across the world to manage expenses and cards faster and more seamlessly than ever before—all within a single platform. 'Now, companies everywhere can handle expenses, cards, reimbursements, and more — entirely within Expensify,' said David Barrett, founder and CEO of Expensify. Highlights of today's international expansion: Expanded company card support with 10,000+ new banks around the world integrated for seamless import and reconciliation with 10,000+ new banks around the world integrated for seamless import and reconciliation Language localization beyond English and Spanish in New Expensify, with support for 10 more languages including French, German, Italian, and Japanese beyond English and Spanish in New Expensify, with support for 10 more languages including French, German, Italian, and Japanese Euro-based billing , so members can pay for their Expensify subscriptions in Euros (in addition to USD, GBP, AUD, and NZD) , so members can pay for their Expensify subscriptions in Euros (in addition to USD, GBP, AUD, and NZD) Global reimbursement support to withdraw from business bank accounts in USD, CAD, GBP, EUR & AUD, and deposit into bank accounts in (almost) any country — right in New Expensify support to withdraw from business bank accounts in USD, CAD, GBP, EUR & AUD, and deposit into bank accounts in (almost) any country — right in New Expensify Expensify Card beta now live in the UK and EU, with Canadian support on the way 'This is a big day. It's no exaggeration to say everything we've done for years has been in preparation for this — bringing you the fastest way to do your expenses, anywhere in the world.' Barrett added. Members can opt into relevant betas by contacting their account manager or reaching out to [email protected] . About Expensify Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, send invoices, and pay bills — all in one place. Whether you're self-employed, running a small business, managing a team, or overseeing global finances, let Expensify handle your travel and expense, at the speed of chat. Forward-Looking Statements Certain statements made in this press release constitute forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the launch, success and expected benefits of Expensify's global expansion efforts. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Expensify's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in Expensify's filings with the SEC, including Expensify's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Expensify undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Yahoo
an hour ago
- Yahoo
Dollar General analyst reworks stock price target after strong recovery
Dollar General analyst reworks stock price target after strong recovery originally appeared on TheStreet. If you're anywhere near Weedsport, N.Y., this weekend, you might want to stop by 8881 South Seneca Street. That's where Dollar General () is holding a grand opening on June 28 for its relocated store. The Cayuga County village, half an hour west of Syracuse, is the birthplace of the silent-film actor Justus D. Barnes, who played a major role in "The Great Train Robbery." 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 The first 50 adult customers will receive $10 gift cards, and the first 100 shoppers will get Dollar General tote bags. 'We are excited to reopen our relocated store in Weedsport and celebrate with the local community,' Matthew Simonsen, the chain's senior vice president of real estate and store development, said in a and dollar stores are seeing renewed growth in 2025, outperforming other nondiscretionary retail sectors, as economic uncertainty drives consumers to prioritize value, according to Dollar Tree () and Five Below () were outperforming the category based on year-over-year growth, while Dollar General was leading in visitor loyalty. Dollar General and Dollar Tree have seen an increase in loyal visitors, defined as people who visit three or more times a month, compared with last year, said. Dollar General's level of loyal visitors, 36% shopping three times per month, is considered very high. "Dollar chains are primed to be an asset to consumers as economic and financial uncertainty continues, but consumers may also continue to be more discerning overall," the analytics platform said. These stores "must continue to innovate and expand assortments, particularly in grocery, to stay competitive as warehouse clubs and superstores also vie for attention."While consumer sentiment improved in June — the first increase in six months — it remains historically low and significantly below the level of a year ago, according to the University of Michigan's survey. 'Consumers' fears about the potential impact of tariffs on future inflation have softened somewhat in June,' said Joanne Hsu, the survey's director. "Still, inflation expectations remain above readings seen throughout the second half of 2024, reflecting widespread beliefs that trade policy may still contribute to an increase in inflation in the year ahead." Dollar General shares have had a good 2025, surging 46%. The shares are down about 16% from this time in 2024. Earlier this month, the Goodlettsville, Tenn., company beat Wall Street's fiscal-first-quarter expectations for earnings and revenue. "We believe our efforts are resonating with a wide range of customers as they continue to seek value in our more than 20,000 store locations around the country,' Chief Executive Todd Vasos told analysts during the company's earnings call. After the company posted its quarterly results, Evercore ISI raised its price target on Dollar General to $117 from $100, while affirming an in-line rating on the shares. Dollar General's back-to-basics approach is gaining traction with solid fiscal-Q1 sales and profit up 5% year over year, and the company is benefiting from higher ticket sales in discretionary categories and a wider gross margin, Evercore said. Risk from the Trump administration's tariff policy remain a potential 5%-8% headwind for earnings per share, but Dollar General's turnaround is showing "promising" signs, the firm Advisory analyst Joseph Feldman raised his price target on DG to $120 from $100 and kept a market-perform rating on the shares. While the company remains pleased with its May comparison and expects momentum to stay solid this year, Feldman said, he sees tariffs as a wild card. Overall, the analyst said, he remains constructive on the stock. And on June 24 Goldman Sachs downgraded DG shares to neutral from buy with a price target of $116, up from $115. The investment firm cited valuation for the downgrade after the stock recovered sharply. Goldman said the company still has room to widen margins long term, but the stock is now pricing in its better fundamentals. Goldman said that upside to the stock will get harder, given "still-intense" competition, which could hurt DG's same-store-sales, and given the company's need to invest in its stores and supply General analyst reworks stock price target after strong recovery first appeared on TheStreet on Jun 24, 2025 This story was originally reported by TheStreet on Jun 24, 2025, where it first appeared.
Yahoo
an hour ago
- Yahoo
Jefferies Works Through Tough Markets
Jefferies reported a modest decline in revenue and a substantial drop in earnings in its fiscal Q2. Weakness in fixed-income activity offset relatively good performance in equities and advisory services. CEO Richard Handler is increasingly optimistic about a potential rebound in the second half of 2025. 10 stocks we like better than Jefferies Financial Group › Here's our initial take on Jefferies Financial Group's (NYSE: JEF) fiscal second-quarter financial report. Metric Q2 FY 2024 Q2 FY 2025 Change vs. Expectations Total revenue $1.66 billion $1.63 billion -1% Beat Adjusted earnings per share $0.64 $0.40 -38% Missed Investment banking revenue $787.4 million $766.3 million -3% n/a Capital markets revenue $707.1 million $704.2 million 0% n/a Jefferies didn't have very high expectations coming into Q2, but the company still wasn't able to satisfy investors fully. Earnings came in around $0.03 per share less than the analysts' consensus had expected, and a slightly smaller drop in revenue than most were expecting wasn't enough to restore confidence in the financial institution's overall health. Jefferies pointed to several countervailing factors affecting its results. Within its investment banking segment, Jefferies saw a massive uptick in advisory revenue, spurred by gains in market share and greater levels of activity in mergers and acquisitions. Weighing against those gains, though, was an equally large drop in equity underwriting activity. The net result was a decline in the segment's overall sales year over year. Meanwhile, on the capital markets side of the business, equities fared well, particularly in Europe and Asia. Jefferies' derivatives business was also healthy. Fixed income revenue was down significantly, though, as volatility led to a tough trading environment for bonds. Jefferies shares moved slightly lower on the news, as investors dealt with the earnings miss. The stock was trading down almost 2% in the first 45 minutes of after-hours trading following the release of the latest financial report Wednesday afternoon. The move lower threatened to bring to an end a rebound that saw the stock rise roughly 42% from its April lows. Yet even with the recent gains, Jefferies struggled early in 2025, and it remains down about 29% from where it started the year. Part of the reason for the bottom-line hit was a notable rise in non-interest expenses. Jefferies pointed to higher brokerage and clearing fees, which were consistent to some extent with higher trading volumes for various securities products. In addition, though, Jefferies spent more on business development as well as technology and communications expenses. Regardless, Jefferies investors need to look forward, and CEO Richard Handler tried to remain optimistic about the company's prospects. Given unexpected resilience in the global economy, strong backlog figures, and favorable relationships with its clients, Jefferies is setting a higher bar for the rest of the year. Now it's just up to Handler and his company to get the job done. Full earnings report Investor relations page Before you buy stock in Jefferies Financial Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Jefferies Financial Group 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 $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Jefferies Financial Group. The Motley Fool has a disclosure policy. Jefferies Works Through Tough Markets 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
