Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) fell 7% in the afternoon session after investors locked in some profits amid broader macroeconomic concerns following a significant run since the start of the year. Given the absence of any company-specific update, this move was likely amplified by a general “risk-off” sentiment in the…
In This Story If you thought last week was a heavy one for markets — big intraday swings, shifting sentiment — just wait. Another packed slate of earnings and economic data is on the way, offering one of the clearest views into the health of American business yet this year. Think Amazon (AMZN), Meta (META),…
We recently compiled a list of the 15 Best Growth Stocks to Buy for the Next 5 Years. In this article, we are going to take a look at where MercadoLibre Inc. (NASDAQ:MELI) stands against the other growth stocks. Kevin Mahn, President & CIO at Hennion & Walsh Asset Management, recently appeared on CNBC on January…
Yet another antitrust regulator has taken issue with Apple’s in-app payment system. As Reuters reported Monday (Nov. 25), Brazil’s Cade says Apple must do away with restrictions on payment methods for in-app purchases. The regulator will also proceed with an investigation into a complaint brought two years ago by Latin American eCommerce giant MercadoLibre, accusing Apple of imposing restrictions on the distribution of digital…