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GLOBAL MARKETS-Stocks drift, dollar steadies as focus shifts to Asian currencies
Stocks meander ahead of Fed policy decision Investor await trade deals between US and partnersAsian FX in the spotlight after Taiwan dollar's surge By Ankur Banerjee SINGAPORE, May 6 (Reuters) - Global stocks held tight ranges on Tuesday and the dollar clawed back some of its recent losses ag...Reuters
Tue, May 6
Palantir Investors Just Got Spectacular News From CEO Alex Karp
After an unrelenting run that spanned more than two years and resulted in stock price gains of more than 1,000%, Palantir Technologies (NASDAQ: PLTR) is taking a well-deserved breather. The company got its start designing artificial intelligence (AI) solutions for the U.S. defense and intelligence i...The Motley Fool
Tue, May 6
BREAKINGVIEWS-China’s economy sails into dense trade war fog
By Hudson Lockett HONG KONG, May 6 (Reuters Breakingviews) - Donald Trump is not alone in his capacity to ignore reality: last week, Zhao Chenxin, vice chair of the National Development and Reform Commission, said Beijing was “fully confident” in hitting its yearly growth target of about 5%. That...Reuters
Tue, May 6
Warren Buffett Announces Resignation as CEO! Berkshire Stock Plummets Over 5%, Sparking Market Concerns!
Warren Buffett's resignation as CEO of Berkshire Hathaway has led to a sharp drop in the company's stock price, falling over 5%, causing concerns in the market over the company’s future and outlook.TradingKey
Tue, May 6
Mercans Transforms Payroll Technology with Seamless Integration and AI-Enhanced Solutions
London, UK - May 06, 2025 - (SeaPRwire) - Mercans unveils its leading payroll solutions with seamless integration and AI-enhanced Technology. Mercans is a leading provider of payroll solutions, is changing the payroll industry with its advanced technology. Through its focus on global coverage, seamless data processing, and effortless integration with major Human Capital Management (HCM) providers, it establishes new benchmarks in payroll management. This strategic direction forms part of the company's broader plan to evolve from a payroll service provider to a comprehensive payroll technology platform.The company's advanced method builds on three core principles: global coverage, seamless data processing flow, and effortless integration with major HCM providers such as SAP, Dayforce, and Workday. The company designs its technology to be stateless, concentrating on global solutions rather than country-specific ones. This strategy allows Mercans to adapt quickly to changing regulations and market demands. Eero Plato, the company's global head of engineering, explains, "Our technology builds on the principle of focusing on similarities rather than differences between countries, which makes us stand out in the market."Mercans intends to substantially enhance its technological capabilities over the next five years. The company plans to make payroll calculations instant, automating complex processes to simplify payroll management for its clients. Additionally, Mercans uses artificial intelligence (AI) and machine learning (ML) to automate payroll validations and anomaly detections, further improving efficiency and accuracy. Andre Voolaid, the company's chief technology officer, highlights the importance of these advancements. "Our goal is to become a technology provider and a solution provider for HCM providers," he says, "Offering payroll calculation capabilities that integrate seamlessly with their systems."Cloud-Based Solutions Reshaping the IndustryTechnology is driving substantial changes in the payroll industry. According to recent statistics, 91% of companies use payroll systems, and 54% utilize cloud technology, indicating a substantial shift toward digital solutions. Moreover, 74% of companies are moving toward cloud-based payroll technologies, which offer cost savings and flexibility. The demand for payroll outsourcing is growing, with the market expected to reach USD 17.59 billion by 2032.Mercans' technology infrastructure has evolved considerably over the years. Initially, the platform operated without cloud-based capabilities, but it transitioned to a private cloud in 2021 and became cloud-native with Kubernetes in 2023. This transformation enables it to scale efficiently and offer customized infrastructure solutions based on client needs. The company's focus on cloud technology aligns with broader industry trends, where cloud-based solutions become increasingly crucial for scalability and security.Robust Security Protocols Meet Global ComplianceData security and compliance remain priorities for the company, which protects all client data through strict access controls and end-to-end encryption. It complies with all major security standards and uses AI-based data anonymization processes to eliminate the usage of personal identifiable information (PII) in payroll calculations.Andre Voolaid emphasizes, "Client data privacy tops our agenda. We only accept data required for compliant payroll calculations, and our anonymized payroll solutions allow us to process payroll without exposing PII."At Mercans, navigating diverse global regulations,and cultural nuances is accomplished through local aptitude and a specialized compliance mechanism. The company has developed a comprehensive compliance flow integrating compliance with software development, establishing regulatory accuracy across over 100 countries. The company adapts quickly to changing regulations and maintains compliance efficiently through this procedure.Strategic Growth Targets High-Value MarketsThe expansion plans include targeting new markets, particularly in North America, where Mercans currently has a comparatively limited presence. The company has established itself well in Western Europe, Latin America, and the Middle East. This strategic focus allows it to concentrate on high-value markets where its technology can make a substantial impact.Eero Plato notes, "Our vision seeks to simplify payroll processes for our customers, making them user-friendly and fast. We aim to provide instant payroll calculations through AI and ML and become a true payroll technology provider."Visit the Mercans website to learn more about its advanced payroll solutions.About MercansMercans, a global leader in payroll technology solutions, has evolved from a managed services company to a comprehensive payroll technology provider over the past two decades. The company offers a unique single-codebase platform that supports SaaS, managed services, and BPO models across more than 160 countries. Mercans' focus on innovation, including AI and machine learning integration, positions it as a trusted partner for multinational corporations and fast-growing enterprises seeking efficient, compliant, and secure payroll solutions.Contact InformationContact: Vishwanathan ArunachalamBrand: MercansEmail: kaviswanathan@mercans.comWebsite: https://mercans.com06/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Tue, May 6
Mercans Transforms Payroll Technology with Seamless Integration and AI-Enhanced Solutions
London, UK - May 06, 2025 - (SeaPRwire) - Mercans unveils its leading payroll solutions with seamless integration and AI-enhanced Technology. Mercans is a leading provider of payroll solutions, is changing the payroll industry with its advanced technology. Through its focus on global coverage, seamless data processing, and effortless integration with major Human Capital Management (HCM) providers, it establishes new benchmarks in payroll management. This strategic direction forms part of the company's broader plan to evolve from a payroll service provider to a comprehensive payroll technology platform.The company's advanced method builds on three core principles: global coverage, seamless data processing flow, and effortless integration with major HCM providers such as SAP, Dayforce, and Workday. The company designs its technology to be stateless, concentrating on global solutions rather than country-specific ones. This strategy allows Mercans to adapt quickly to changing regulations and market demands. Eero Plato, the company's global head of engineering, explains, "Our technology builds on the principle of focusing on similarities rather than differences between countries, which makes us stand out in the market."Mercans intends to substantially enhance its technological capabilities over the next five years. The company plans to make payroll calculations instant, automating complex processes to simplify payroll management for its clients. Additionally, Mercans uses artificial intelligence (AI) and machine learning (ML) to automate payroll validations and anomaly detections, further improving efficiency and accuracy. Andre Voolaid, the company's chief technology officer, highlights the importance of these advancements. "Our goal is to become a technology provider and a solution provider for HCM providers," he says, "Offering payroll calculation capabilities that integrate seamlessly with their systems."Cloud-Based Solutions Reshaping the IndustryTechnology is driving substantial changes in the payroll industry. According to recent statistics, 91% of companies use payroll systems, and 54% utilize cloud technology, indicating a substantial shift toward digital solutions. Moreover, 74% of companies are moving toward cloud-based payroll technologies, which offer cost savings and flexibility. The demand for payroll outsourcing is growing, with the market expected to reach USD 17.59 billion by 2032.Mercans' technology infrastructure has evolved considerably over the years. Initially, the platform operated without cloud-based capabilities, but it transitioned to a private cloud in 2021 and became cloud-native with Kubernetes in 2023. This transformation enables it to scale efficiently and offer customized infrastructure solutions based on client needs. The company's focus on cloud technology aligns with broader industry trends, where cloud-based solutions become increasingly crucial for scalability and security.Robust Security Protocols Meet Global ComplianceData security and compliance remain priorities for the company, which protects all client data through strict access controls and end-to-end encryption. It complies with all major security standards and uses AI-based data anonymization processes to eliminate the usage of personal identifiable information (PII) in payroll calculations.Andre Voolaid emphasizes, "Client data privacy tops our agenda. We only accept data required for compliant payroll calculations, and our anonymized payroll solutions allow us to process payroll without exposing PII."At Mercans, navigating diverse global regulations,and cultural nuances is accomplished through local aptitude and a specialized compliance mechanism. The company has developed a comprehensive compliance flow integrating compliance with software development, establishing regulatory accuracy across over 100 countries. The company adapts quickly to changing regulations and maintains compliance efficiently through this procedure.Strategic Growth Targets High-Value MarketsThe expansion plans include targeting new markets, particularly in North America, where Mercans currently has a comparatively limited presence. The company has established itself well in Western Europe, Latin America, and the Middle East. This strategic focus allows it to concentrate on high-value markets where its technology can make a substantial impact.Eero Plato notes, "Our vision seeks to simplify payroll processes for our customers, making them user-friendly and fast. We aim to provide instant payroll calculations through AI and ML and become a true payroll technology provider."Visit the Mercans website to learn more about its advanced payroll solutions.About MercansMercans, a global leader in payroll technology solutions, has evolved from a managed services company to a comprehensive payroll technology provider over the past two decades. The company offers a unique single-codebase platform that supports SaaS, managed services, and BPO models across more than 160 countries. Mercans' focus on innovation, including AI and machine learning integration, positions it as a trusted partner for multinational corporations and fast-growing enterprises seeking efficient, compliant, and secure payroll solutions.Contact InformationContact: Vishwanathan ArunachalamBrand: MercansEmail: kaviswanathan@mercans.comWebsite: https://mercans.com06/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Tue, May 6
LG Display to Showcase World's Best Solutions for Future Mobility at SID Display Week 2025
SEOUL, South Korea, May 6, 2025 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it will participate in SID Display Week 2025, the world's largest display exhibition, where it will showcase next-generation automotive displays. LG Display...PR Newswire
Tue, May 6
PRECIOUS-Gold hits one-week high on safe-haven demand, Fed decision loom
May 6 (Reuters) - Gold prices climbed to a one-week high on Tuesday as rising concerns over U.S. President Donald Trump's tariff plans boosted safe-haven demand, while investors also kept a close tab on the upcoming Federal Reserve policy meeting.FUNDAMENTALS* Spot gold XAU= rose 0.1% to $3,337....Reuters
Tue, May 6
Trump tariff order on movies leaves film industry flummoxed
LOS ANGELES/WASHINGTON, May 5 (Reuters) - The entertainment industry reacted with alarm and bafflement on Monday after President Donald Trump said he would impose a 100% tariff on all movies produced outside the U.S., but issued few details on just how such a levy would work.Reuters
Tue, May 6
S&P 500 snaps 9-session win streak after latest Trump tariff
NEW YORK, May 5 (Reuters) - The S&P 500 fell to snap its longest streak of gains in 20 years on Monday as investors assessed U.S. President Donald Trump's latest tariff announcement ahead of the Federal Reserve's monetary policy decision later this week.Reuters
Tue, May 6
Sabra Health Care REIT Inc reports results for the quarter ended March 31 - Earnings Summary
Sabra Health Care REIT Inc SBRA.OQ reported quarterly adjusted earnings of 17 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of six analysts for the quarter was for earnings of 17 cents per sh...Reuters
Tue, May 6
Ichor Holdings Ltd reports results for the quarter ended March 31 - Earnings Summary
Ichor Holdings Ltd ICHR.OQ reported quarterly adjusted earnings of 12 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of seven analysts for the quarter was for earnings of 26 cents per share. W...Reuters
Tue, May 6
Otter Tail Corp reports results for the quarter ended March 31 - Earnings Summary
Otter Tail Corp OTTR.OQ reported quarterly adjusted earnings of $1.62 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.77. The mean expectation of three analysts for the quarter was for earnings of $1.53 per share. Wall Street ex...Reuters
Mon, May 5
TMX Group Ltd reports results for the quarter ended March 31 - Earnings Summary
TMX Group Ltd X.TO reported quarterly adjusted earnings of 48 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of seven analysts for the quarter was for earnings of 48 cents per share. Wall Stre...Reuters
Mon, May 5
Douglas Dynamics Inc reports results for the quarter ended March 31 - Earnings Summary
Douglas Dynamics Inc PLOW.N reported quarterly adjusted earnings of 9 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -29 cents. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share. Wal...Reuters
Mon, May 5
IAC Inc reports results for the quarter ended March 31 - Earnings Summary
IAC Inc IAC.OQ reported a quarterly adjusted loss of $2.64 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of thirteen analysts for the quarter was for a loss of 89 cents per share. Wall Street expect...Reuters
Mon, May 5
Diversified Healthcare Trust reports results for the quarter ended March 31 - Earnings Summary
Diversified Healthcare Trust DHC.OQ reported quarterly adjusted earnings of 5 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -36 cents. The lone analyst forecast for the quarter was for a loss of 22 cents per share. Revenue...Reuters
Mon, May 5
Vimeo Inc reports results for the quarter ended March 31 - Earnings Summary
Vimeo Inc VMEO.OQ reported a quarterly adjusted loss of 2 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of four analysts for the quarter was for a loss of 3 cents per share. Wall Street expecte...Reuters
Mon, May 5
