DGNX

As November wraps up, a holiday-shortened week of trading — courtesy of Thanksgiving Day and Black Friday — will greet investors who continue to wrestle with the fallout from Nvidia's (NVDA) blockbuster earnings report alongside flagging confidence in the overall AI-driven market. On Friday, markets capped a roller-coaster week with daily gains but weekly losses, as the tech-heavy Nasdaq Composite (^IXIC) fell over 2% while the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) fell about 1.5% for the week. A strong September jobs report, strong earnings from Nvidia, and a positive third quarter report from Walmart were all greeted on Thursday by one of the market's biggest intraday reversals of the last decade, with the S&P 500 flipping from a gain above 1.5% at the opening bell to a loss of more than 1.5% by market close. The swing in the Nasdaq was even greater. In the week ahead, the economic calendar will continue to pick up steam as the government works through a data backlog following the resolution of the shutdown earlier this month. Data on producer prices in September from the Bureau of Labor Statistics and the Census Bureau's retail sales data for the same month will be highlights, with both reports due out Tuesday amid a rush of data ahead of the Thanksgiving weekend. Investors will also keep a close eye on The Conference Board's consumer confidence reading for November, due out Tuesday. Read more: What is consumer confidence, and why does it matter? In the corporate world, a relatively quiet week of earnings awaits investors. Alibaba Holdings (BABA), Dell Technologies (DELL), and a smattering of retailers including Kohl's (KSS) and Best Buy (BBY) will headline the calendar for the week. It's been a tough month for tech bulls. Several of the "Magnificent Seven" stocks, crypto, and AI-focused plays like CoreWeave (CRWV) and Oracle (ORCL) have seen their stocks fall sharply in the past month. Meta (META) and Oracle have lost more than 15% and 25%, respectively, as both outlined plans for even more AI spending. Microsoft (MSFT) stock has dropped 9% in the last month. Nvidia stock is roughly flat over the period, while smaller chip plays like AMD (AMD) and Intel (INTC) have lost closer to 10%. Nvidia's earnings report on Wednesday evening offered plenty for AI bulls to be excited about. And its CEO, Jensen Huang, summarily dismissed fears ab...

The major averages finished this past week little changed, as a light economic and earnings calendar saw investors take the week's events in stride, even President Trump's latest tariff surprise late Thursday. This week, however, looming developments may prove more troublesome for financial markets. Tuesday is set to be a pivotal day for investors. It will mark the final day of the third quarter, an eventful period that saw the Dow (^DJI), S&P 500 (^GSPC), and Nasdaq (^IXIC) all reach record highs. Meanwhile, the US government is on a collision course with its latest shutdown, which is set to take effect at 12:01 a.m. ET on Wednesday, barring congressional action. A government shutdown potentially imperils the release of upcoming economic data, including Friday's scheduled jobs report, and may muddy the picture ahead of the Federal Reserve's next policy meeting, which is now just four weeks away. "The only realistic chance of avoiding a shutdown is for the Senate to pass the House-approved [continuing resolution]," Fundstrat's policy strategist Tom Block wrote in a note on Friday. Block noted that since this resolution would be subject to a Senate filibuster, the chamber would need 60 votes to get this bill through, which means flipping seven Democratic senators. A tall order in just a few days. President Trump is planning to host a bipartisan gathering of the top four US congressional leaders at the White House on Monday afternoon in a final effort to avoid a government shutdown. Read more: How a government shutdown would affect your student loans, Social Security, and more If released, Friday's aforementioned September jobs report is expected to be the highlight on the calendar, with Wall Street economists forecasting that the US economy created 43,000 new nonfarm payroll jobs during the month. The unemployment rate is expected to remain at 4.3%. Data on job openings, consumer confidence, and manufacturing activity are also set to feature on the economic calendar. Earnings will be quite light, with Nike's (NKE) report on Tuesday set to be the week's biggest corporate update. The big banks will get the third quarter earnings season underway in earnest in mid-October. Investors have generally been served well by not paying close attention to political goings-on. The coming week might be a hard time to resist the temptation. In addition to the looming governm...

LONDON, July 11, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year ended March 31, 2025 Full-Year Highlights: Revenues for the fiscal year ended March 31, 2025, increased 57% to $2.0 million driven primarily by an increase in software subscriptions and license fees. Net loss for the fiscal year ended March 31, 2025, of $5.2 million, an increase of $0.3 million compared to the net loss of $4.9 million recorded in the prior year. Transformed balance sheet with net assets of $4.6 million at March 31, 2025, compared to net liabilities of $23.0 million at March 31, 2024. Completed Initial Public Offering (“IPO”) in January 2025. Post Year End Strategic Highlights Signed a memorandum of understanding on June 5, 2025 to acquire Resulticks Group Companies Pte Limited (“Resulticks”), subject to definitive agreements, in a transaction valued at approximately US$2 billion, to be primarily settled in Diginex ordinary shares. This combination leverages Resulticks’ real-time audience engagement, agentic AI framework, and global reach to drive sustainability, compliance, customer relationships, and collective growth. Executed a memorandum of understanding on May 23, 2025, to acquire Matter DK ApS (“Matter”), subject to definitive agreements, for approximately US$13 million in an all-share deal. Management believes the acquisition of Matter will strengthen the Company’s sustainability data coverage, ESG analytics offerings, as well as its automated data collection capabilities. Management Commentary “The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,” said Mark B...