The CE 100 Index gained 1.1% in a trading week shortened by the Thanksgiving holiday. Only one pillar lost ground — the Work segment, which sank 1.5% through the week. Bankrupt WeWork plunged 27.8%. As reported, WeWork said it had commitments in place for up to $682.5...
All of the pillars are down — again. Companies are seeing double-digit plunges — again. The CE 100 Index continued its slide, where all segments were lower, and ended the week down another 4%. But despite the weekly decline, the overall Index is still positive...
MercadoLibre has appointed a senior vice president, Martín de los Santos, as its new chief financial officer (CFO). He succeeds Pedro Arnt, who left to pursue new opportunities outside the company, the eCommerce and digital financial services firm with operations in 18 Latin American countries said in a...
Latin American eCommerce platform MercadoLibre highlighted record growth in the second quarter of 2023, driven primarily by sales growth and cost efficiencies. Net revenue grew 57.2% year on year to reach $3.4 billion, according to earnings results released Wednesday (Aug. 2). This led to income from operations more than...
November 27, 2023
The CE 100 Index gained 1.1% in a trading week shortened by the Thanksgiving holiday. Only one pillar lost ground — the Work segment, which sank 1.5% through the week. Bankrupt WeWork plunged 27.8%. As reported, WeWork said it had commitments in place for up to $682.5 million in debtor-in-possession financing from several lenders. The financing, as […]
August 21, 2023
All of the pillars are down — again. Companies are seeing double-digit plunges — again. The CE 100 Index continued its slide, where all segments were lower, and ended the...
April 03, 2023
The CE 100 Stock Index notched a 4.9% rally in a week that saw all pillars gain ground. And with the last week of March firmly in the rearview mirror,...
September 26, 2022
It’s getting to be a familiar refrain: The CE100 names move, in a big way, to the downside. All pillars slid, and depending on where you look, only a few...
May 07, 2024
Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces shoppers to fulfill online purchases using its payment platform, Mercado Pago, Bloomberg News reported Monday (May 6), citing a complaint filed to Argentina’s National Commission for the Defense of Competition. “MercadoLibre’s […]
August 11, 2023
MercadoLibre has appointed a senior vice president, Martín de los Santos, as its new chief financial officer (CFO). He succeeds Pedro Arnt, who left to pursue new opportunities outside the company, the eCommerce...
August 03, 2023
Latin American eCommerce platform MercadoLibre highlighted record growth in the second quarter of 2023, driven primarily by sales growth and cost efficiencies. Net revenue grew 57.2% year on year to reach $3.4...
July 10, 2023
eCommerce giant MercadoLibre could feel a pinch from Brazil’s new tax rules. As Seeking Alpha reported Monday (July 10), Bank of America has lowered its rating on the company with the advent of a...
