FOMO Corp. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Pittsburgh, pa, april 03, 2024 (globe newswire) -- fomo worldwide, inc. (us otc: igot) announces it has signed a definitive agreement to acquire the north america assets of ecochem alternative fuels llc (“ecochem”; https://www.hpcdfuel.com/), a u.s.-based provider of clean fuel technology systems that address the shortcomings of the world's carbon energy supply chain. ecochem's mission is to advance consumer fuel quality and protect the integrity of critical engine systems. the company strives to bridge the growing gap between the demands of modern high-efficiency engines and increasingly compromised conventional fuel supplies. the company's patented process is specifically engineered to tackle fuel quality issues, combat degraded and contaminated fuel adhering to the more stringent oem fuel quality standards...

Pittsburgh, pa, feb. 27, 2024 (globe newswire) -- fomo worldwide, inc. (us otc: fomc) announces it has agreed to acquire ecochem alternative fuels llc (“ecochem”; https://www.hpcdfuel.com/), a u.s.-based provider of clean fuel technology systems that address the shortcomings of the world's carbon energy supply chain. ecochem's mission is modernizing the world's fossil fuel supply chain with innovative “best in class” technologies that reduce fuel consumption, protect and extend equipment life, save money, protect the environment by reducing carbon emissions, and reduce billions of dollars in health care costs associated with noxious gases and pollution. the company's patented processes include super filtration and magnetic cracking of carbon fuels that invariably are polluted by the aging refinery, transportation and pipeline distribution, and fueling station infrastructure of the world and therefore do not meet oem specifications for modern engines.

Pittsburgh, pa, feb. 20, 2024 (globe newswire) -- fomo worldwide, inc. (us otc: fomc) herein provides an investor update for recent business developments and finra's over nine month rule 6490 review process for corporate actions filed may 2, 2023. the company has entered into discussions to acquire a clean fuel technology products and services business and has appointed two seasoned business executives with technology, telecommunications, and energy industry experience to its advisory board to steer fomo into a new chapter.

Pro forma revenues for fiscal years ended december 31 2020-2021-2022 represent the combination of fomo worldwide, inc.'s pcaob audited standalone results added to audited standalone results of smartsolution technologies, lp and smartsolution technologies, inc. (together “sst”) as if the sst acquisition had closed on january 1, 2020. had the sst transaction not closed on january 1, 2020, investors should refer to fomo worldwide, inc.'s reported financial results as filed on the sec's edgar system under forms 10-q and 10-k for the respective periods, which reflect the sst acquisition which closed on february 28, 2022. the company's reported results reflect significantly higher reported annual revenue growth.

Pittsburgh, pa, oct. 02, 2023 (globe newswire) -- fomo worldwide, inc. (otc: fomc) reports that after nearly four months, through a finra brokerage firm, the company has responded to finra's compliance unit comments regarding its rule 15c2-11 process. sec rule 15c2-11 requires market makers to review basic issuer information prior to publishing quotations for that issuer's securities. market makers must have a reasonable basis for believing that the information is accurate and from reliable sources. because of the company's sec reporting delinquency from june 30, 2022 through mid-january 2023, the company lost solicited quotes for its common shares making them untradeable for many investors. fomo worldwide thereafter underwent a rigorous review of the accuracy of its sec filings, had to prove the accuracy and transparency of its share issuances, provide backup and documentation to corporate actions, and confirm the accuracy of company statements to investors, the media, and regulators including documenting statements in presentation materials...

The Federal Reserve has expectedly opted to keep rates steady at today's Federal Open Market Committee (FOMC) meeting. Wall Street is more interested in the decision to slow its quantitative tightening (QT) process, potentially setting the stage for eventual rate cuts Fed Chair Jerome Powell remained consistent in his hawkish sentiment today, noting that members of the Fed are committed to lowering inflation despite growing “risks and uncertainties.

Real GDP growth, a crucial measure of economic activity by the U.S. Bureau of Economic Analysis, is vital for the financial projections made by Federal Reserve Board members and Bank presidents. GDP estimates are often released during or after Federal Open Market Committee (FOMC) meetings, guiding policymakers.

Stocks are up today and investors wondering why have come to the right place as we know why shares are climbing on Tuesday! The biggest factor moving stocks up today is the meeting of the Federal Open Market Committee (FOMC).

The housing market may be on the precipice of a major recovery, at least according to PulteGroup (NYSE: PHM ). Indeed, on its Tuesday earnings call, the homebuilder stated that it experienced a rapid jump in homebuying activity near the end of last year.

While the United States of America has been anticipating a 12th rate hike from the Federal Reserve, it's safe to say that's not happening anytime soon — for now. Both investors and consumers have voted to keep the benchmark borrowing rate at par, which they voted on this month.

The question of: “Why are stocks up today?” is always an interesting one to try to answer.

Stocks are up today as investors prepare for the latest information from the Federal Reserve concerning interest rates. The Federal Open Market Committee (FOMC) meeting taking place today will result in an update to the interest rates that strongly affect the stock market.

U.S. investors are grappling with “extreme fear” for the first time in six months, according to CNN's Fear & Greed Index. Yesterday, the needle closed out the day in the “Extreme Fear” zone.

Wall Street is aflutter with concerns of an impending stock market crash after investors hit the “sell” button Thursday. This followed a surprisingly hawkish Federal Reserve policy meeting.

The major stock indices are all down around 1% in early trading as investors digest the results of yesterday's Federal Open Market Committee (FOMC) announcement. The Fed's projections indicate that it may raise its benchmark interest rate one more time this year.