Information Of Technology

Will SoFi Technologies (NASDAQ:SOFI) post a consensus beat in Q2 amid recession fears and rising interest rates?

Reassessing valuations in the fintech and payments sector, Credit Suisse Analyst Timothy Chiodo downgraded certain technology companies on recession fears or the lack of exciting developments to propel the stocks upward.

The sector has been under pressure since Q4 2021 by rising interest rates, inflation, general macro weakness, geopolitical impacts from the Russia-Ukraine war, and foreign currency exchange headwinds, among other factors, he had said.

However, Chiodo has rated SOFI Neutral.

Additionally, the Federal Reserve raised its key interest rate by 75 basis points last week, with the Federal Open Market Committee having said it’s “highly attentive to inflation risks.”

Since the beginning of 2022, returns from fintechs such as SoFi Technologies have been hit hard in the wake of a rising interest rate environment. Large rate

Apple should take heed of warnings from the UK’s security services and revive its controversial plans to scan iPhones for child abuse imagery, the inventor of the scanning technology has argued.

Prof Hany Farid, an expert in image analysis at University of California, Berkeley, is the inventor of PhotoDNA, an “image hashing” technique used by companies across the web to identify and remove illegal images. He said that, following an intervention from the technical leads of GCHQ and the National Cyber ​​Security Center backing an extension of the technology on to individual phones, Apple should be emboldened to revive its shelved plans to do just that.

“The pushback was from a relatively small number of privacy groups,” Farid said, speaking to the Internet Watch Foundation (IWF) on the child safety group’s latest podcast. “I contend that the vast majority of people would have said ‘sure, this seems perfectly reasonable’, but

Wall Street expects a year-over-year decline in earnings on higher revenues when Palantir Technologies Inc. (PLTR) reports results for the quarter ended June 2022. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 8, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.03 per share in its

HAIFA, Israel and TEL AVIV, Israel, Aug. 1, 2022 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today the closing of an approximately $5 million Series B financing round in Sodyo Ltd.a developer of next generation scanning technology.

Sodyo’s next generation scanning technology creates highly functional offline to online (O2O) solutions that allows businesses to access information and understand their workflows, and enable online interaction with customers. Using customizable colorful markers, Sodyo’s Visual Code takes scan technology beyond the QR code to operate on any media (outdoor or indoor, print or digital, mobile or stationary), from much greater distances than with any other technology, scanning multiple markers at one time and under a wide variety of environmental conditions.

Proceeds of this investment are intended to further develop Sodyo’s technology and expand its implementation, including ZIMARK‘s, a Sodyo-ZIM joint venture, dedicated

CHICAGO and PORT WASHINGTON, NY, Aug. 1, 2022 — Information Resources, Inc. (“IRI”) and The NPD Group (“NPD”) have completed their merger to create a leading global technology, analytics and data provider. The merger brings together colleagues across the globe to offer more than 7,000 clients a comprehensive, accurate view of consumer behavior and total retail purchasing and consumption trends across a broad range of industries. A unified name and brand for the combined company will be announced at a later date.

The combined company will empower brands and retailers to collaborate, better service their customers, respond to trends and leverage more powerful insights to drive growth. Together, IRI and NPD have deep sector knowledge, leading data assets and strategic retail relationships in more than 20 industries, including CPG, softlines, hardlines, beauty, technology, foodservice and food consumption. The company’s unparalleled insight capabilities will be powered by the industry-leading technology and