Author: Jordan

Investing.com – Moody’s Ratings downgraded ’s corporate family rating to Caa1 from B3 on Thursday, citing expectations that ongoing operational challenges will limit the company’s ability to expand EBITDA and reduce debt/EBITDA below 7x by the end of fiscal 2027. The ratings agency also downgraded the company’s probability of default rating to Caa1-PD from B3-PD and lowered ratings on its backed senior secured first lien revolving credit facility, backed senior secured first lien term loan B and backed senior secured notes to Caa1 from B2. The speculative grade liquidity rating was downgraded to SGL-4 from SGL-3, with the outlook remaining…

A new Nigerian fintech startup, OnePurze, is betting that rising demand for fast cross-border payments, reliable virtual dollar cards and access to foreign currencies will help it win a place in one of Africa’s most crowded fintech markets. The company, which launched earlier this year, said it is building a payments platform for Nigerians and other Africans who need to send money abroad, receive funds from overseas, pay international bills and manage money in multiple currencies. The push comes at a time when cross-border payments are becoming one of the hottest battlegrounds in Nigeria’s fintech sector. More Nigerians are now…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

Persistent inflation questions, shifting rate expectations and mixed growth signals across the US, Europe and Asia are keeping investors focused on resilient cash flow and long-cycle spending. Aerospace and defense companies sit at the crossroads of government budgets, energy and trade, and this screener filters for stocks directly tied to those industries. For readers looking for clear exposure to established demand rather than short term consumer trends, this theme can offer a focused starting point. In this article, the spotlight is on 3 stocks from the Aerospace And Defense screener that stand out for closer research. AeroVironment (AVAV) Overview: AeroVironment…

Crude oil futures are settling at $71.92, up $1.58, or 2.25%, as prices continue to recover from the sharp selloff seen earlier this week.Recall that the decline this week pushed crude well below its 200-day moving average on Tuesday, which currently sits at $73.77. That was a bearish tilt. The low reached $69.04 before bouncing to the upsideThe rebound has now brought the falling 100-hour moving average, now at $72.93, back into focus. With prices trading within striking distance of both it and the 200 day MA. Buyers are attempting to regain control.The next hurdle on breaks back above those…

Euna executives available to discuss how Euna AI offers purpose-built capability to strengthen public sector budgeting, procurement, grants, and payments workflows–(BUSINESS WIRE)–Euna Solutions: WHAT: Euna Solutions®, the leading provider of purpose-built, cloud-based software for the public sector, will exhibit at the GFOA 2026 Annual Conference, taking place June 28 – July 1, 2026, in Chicago. GFOA 2026 brings together public finance leaders at a time when state and local governments are navigating rising service demands, constrained resources, evolving compliance requirements, and growing expectations for transparency and speed. Euna’s presence at the conference highlights a larger shift in the market: AI…

What’s a travel money card?A travel money card is a specific type of payment card designed to make spending in foreign countries easier and more cost-effective. Unlike a standard debit card, which is usually tied to a single currency, a Revolut currency card allows you to hold and spend multiple currencies. With us, you can hold more than 35 currencies in-app and pay in more than 150 currencies using your card.Our travel card functions like a digital wallet. You can use it to pay for a coffee in Paris, a train ticket in Tokyo, or to withdraw cash in New…

From 26th June, reductions will apply across selected 1-, 2- and 5-year fixed rate buy-to-let (BTL) products, including limited company BTL options. The Mortgage Works is cutting rates for the third time in June, with new rates taking effect from tomorrow, 26th June.  The reductions apply to selected 1-, 2- and 5-year fixed rate buy-to-let (BTL) products, including limited company BTL options. The changes include a 2-year fixed rate for limited company BTL at 4.09%, down by 0.25%, with a 3% fee, available up to 75% loan-to-value (LTV).  The 2-year fixed rate for standard BTL is now 3.19%, cut by…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

Lions cornerback Terrion Arnold faces life in prison after being arrested on the accusation of being the “primary conspirator” in an alleged kidnapping and armed robbery against three individuals he believed previously robbed him and others of more than $250,000 at an Airbnb in Lago, Fla, according to Tampa police. Arnold, 23, is accused of masterminding a plot in which he and his alleged co-conspirators lured the victims to an apartment where they were viciously beaten. One of the alleged victims was Arnold’s personal driver, according to the Detroit Free Press, and that individual has denied his involvement in the…