$1,546.81
-60.56 (-3.77%)
MELI News8 articles
Global Markets Rally on AI Hype Despite Fragile Economy, Warn Experts
Global markets reach new peaks on AI optimism, but economist Paul Sheard cautions that high valuations and concentration risk a severe correction.
MercadoLibre Profit Slips 15.6% as Spending Surge Outpaces Revenue Jump
MercadoLibre's Q1 net profit dropped 15.6% to $417M, missing forecasts, as heavy spending on logistics and credit weighed. Revenue jumped 49% to $8.8B, but shares fell 4% after hours.
Nu Holdings Appoints Ex-Amazon Exec to Board Amid U.S. Banking Push
Nu Holdings Ltd has named former Amazon and Apple executive Diego Piacentini to its board of directors. The move comes as the Brazilian fintech giant advances its U.S. expansion plans following conditional regulatory approval earlier this year.
MercadoLibre Gains Despite JPMorgan Target Cut Amid Brazil Margin Concerns
MercadoLibre stock edged higher Monday, shrugging off a price target reduction by JPMorgan, which maintained an Overweight rating but flagged competitive margin pressures in Brazil.
MercadoLibre Gains Despite JPMorgan Target Cut Amid Brazil Margin Concerns
MercadoLibre stock advanced 0.9% to $1,773.22 Monday, even as JPMorgan reduced its price target to $2,650, highlighting competitive margin pressures in Brazil. Investors are monitoring inflation and upcoming corporate events.
MercadoLibre's Q4 Margins Narrow as Spending Rises; Shares Under Pressure
MercadoLibre shares slipped following a Q4 profit shortfall, as increased investment in logistics and credit expansion pressured margins despite strong revenue growth.
MercadoLibre Shares Dip on Strong Jobs Data, Earnings in Focus
MercadoLibre stock declined slightly as robust U.S. employment figures tempered expectations for near-term Fed rate cuts. Investors now await key inflation data and the company's upcoming quarterly results.
MercadoLibre Shares Rebound Above $2,000 Ahead of Q4 Earnings
MercadoLibre stock gained 1.8% to close at $2,004.94, reclaiming the $2,000 level as investors position for the company's upcoming quarterly results scheduled for February 24.