Why depot Is Trending Today?

Klarna's stock price has significantly dropped, nearing oversold levels following a post-earnings selloff. Investors are questioning whether now is the right time to "buy the dip" in the popular buy-now-pay-later service provider.

Klarna, a Swedish fintech company, has expanded its payment options on Apple Pay to Spain, Denmark, and Sweden, with France set to follow soon. This move is seen as a strategic step to change the competitive payments landscape in Europe. Meanwhile, Klarna's stock has experienced a decline following its first earnings report after going public, despite beating revenue estimates. The company's rapid growth in longer-term financing has led to increased provisions, and its CEO has warned about the impact of AI on office jobs. Klarna has also expressed its ambition to become a neobank, with AI helping to halve its staff numbers and boost pay.

Ukraine's military struck and set ablaze the fuel and refueling complex at Sochi airport using drones.

Ukrainian drone attacks sparked a major fire at an oil depot in Sochi, Russia.

Home Depot to Acquire GMS, Strengthening SRS Distribution Unit; Market Evaluates GMS' Undervalued Status; Gold Price in India Rises to Rs 96,790/10gms.

Home Depot is acquiring GMS, a US-based building products distributor, for approximately $4.3 billion, aiming to expand its professional customer base.