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Meta platforms books 87% loss on giphy in forced sale to shutterstock
Facebook owner Meta Platforms Inc (NASDAQ:FB) has sold Giphy, the animated GIF search engine it bought for $400 million three years ago, to Shuttersto...
Nvidia stock is grossly overvalued: market cap to hit $1 trillion anyway
Nvidia (NASDAQ: NVDA) stock price is approaching its all-time high as investors wait for the upcoming earnings. The stock was trading at $306, its hig...
Five banks colluded in the government debt market, uk watchdog provisionally rules
The Competition and Markets Authority (CMA) has provisionally ruled that Citi, Deutsche Bank, HSBC, Morgan Stanley (NYSE:MS), and the Royal Bank of C...
Cercano, prosus double down on kuok family-backed bandlab investment as valuation jumps
BandLab Technologies said late Tuesday it has raised an additional $25 million from existing investors as the company's valuation jumped 35% from its ...
Aston martin f1 cars to be powered by honda
Aston Martin has agreed a deal for Japanese car maker Honda to power its Formula 1 cars from 2026. Honda currently powers the dominant Red Bull team, ...
Meta to lose millions as it moves to meet uk order to sell animated images supplier
Meta Platforms, Facebook's owner, has agreed to sell Giphy to Shutterstock for $53m (£42m), just three years after reportedly paying $400m for the an...
Dividends from big listed companies hit record $326.7 billion in first quarter.
Dividends paid out by the world's biggest public companies jumped 12% to a record $326.7 billion in the first quarter of 2023, with a large chunk of t...
Virgin orbit left gazing longingly at the stars as assets sold off
Virgin Orbit Holdings Inc (NASDAQ:VORB) has met its end after confirming assets will be sold off to rivals just months after a failed attempt to launc...
Repsol to sell 49% stake in renewable power plants in spain, el confidencial says
Spanish energy company Repsol plans to sell a 49% stake in a series of wind farms and photovoltaic power plants in Spain, El Confidencial reported on ...
Poolbeg pharma appoints brendan buckley as director
Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) told investors it has appointed Brendan Buckley as an independent non-executive director of the company wit...
Al gore's firm says buying alibaba stock was a ‘mistake'
Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock...
Hfnd: not a promising start
The HFND ETF aims to replicate the gross returns of the hedge fund industry through ETFs and futures. The ETF is managed by Bob Elliott, a former fund...
Aviva reports continued growth in first quarter in "encouraging" start to year
Aviva PLC (LSE:AV.) reported continued growth across the group in the first quarter although net flows to its wealth business fell after a volatile pe...
Tullow oil retains full-year production outlook
Oil and gas explorer Tullow Oil on Wednesday maintained its 2023 production forecast of 58,000 to 64,000 barrels per day, and said its capital expendi...
Hsbc, citi, deutsche bank, morgan stanley and rbc traders broke competition law, watchdog finds
Britain's Competition and Markets Authority said on Wednesday it had provisionally found five major global banks broke UK competition law by exchangin...
Factset: financial services saas that is still a good long-term buy
FactSet's financials have not indicated any pressure from financial sector volatility to date. Although management has made guidance more conservative...
Lexinfintech holdings ltd. (lx) q1 2023 earnings call transcript
LexinFintech Holdings Ltd. (NASDAQ:LX ) Q1 2023 Earnings Conference Call May 23, 2023 10:00 PM ET Company Participants Jamie Wang - IR Manager Jay Xia...
Verona pharma to present at jefferies healthcare conference
LONDON and RALEIGH, N.C., May 24, 2023 (GLOBE NEWSWIRE) -- Verona Pharma plc (Nasdaq: VRNA) (“Verona Pharma” or the “Company”), announces that...
China's tech sector may see fewer regulatory surprises — not zero, says s&p global ratings
China's tech sector may see its worst days over, but it doesn't mean that regulations will be easing, said S&P Global Ratings in a report....
This is last hike in the cycle for rbnz: ubs wm's tan
“This is the last hike in the cycle for RBNZ.” Teck Leng Tan, APAC FX & macro strategist at UBS Wealth Management, discusses the Reserve Bank of N...
Burberry: strong results, rating upgrade to buy
Burberry's latest results reflect that it is strategically on the right track and the demand revival in China has helped. Notably, the company's opera...
Frontier communications: recent sell-off could be a buying opportunity
Management announced that CapEx could rise $200-$400 million above previous guidance on increasing costs for their fiber buildout. FYBR should see EBI...
Pace of ipos from indonesia will probably slow down a little, hsbc says
Herald van der Linde of the bank says there will nevertheless be more initial public offerings from the Indonesian market....
Abbott, other formula makers face ftc investigation for collusion - wsj
The U.S. Federal Trade Commission is investigating whether baby-formula makers colluded on bids for attractive state contracts, the Wall Street Journa...
Ai is everything for nvidia's earnings
The company is leading maker of chips used for videogames, artificial intelligence, and cloud computing applications....
Buy american tower for income
American Tower has strong business fundamentals and highly recurring revenue, earnings, and cash flows. Its leverage position needs improvement, but i...
Icahn enterprises: distribution maintained, but bonds and options are not biting
Icahn Enterprises picked up the gauntlet thrown by Hindenburg Research. The distribution was maintained and the $2.00 per unit payment must be a sweet...
Global net lease to host webcast and conference call to discuss internalization and pending merger with the necessity retail reit
NEW YORK , May 23, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that the Compa...
The necessity retail reit to host webcast and conference call to discuss pending merger with global net lease
NEW YORK , May 23, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today that Com...
6 stocks with heavy call flow: enph, meta, mrna, msft, nvda, qcom
Many investors don't pay attention to unusual options activity because options are too confusing and there can be multiple implications from a single ...
Subsea 7: margin improvement comes and will likely continue
We predicted margin improvement as a new bulge of projects neared completion where margins tend to grow at the tail-end of projects. That is happening...
Haverty furniture's recent dividend hike makes it a perfect dividend capture stock
On the landscape of dividend capture strategies, where investors seek to seize fleeting profits from dividend payments, one intriguing candidate has e...
Urban outfitters, inc. (urbn) q1 2024 earnings call transcript
Urban Outfitters, Inc. (NASDAQ:URBN ) Q1 2024 Earnings Conference Call May 23, 2023 5:15 PM ET Company Participants Oona McCullough - Investor Relatio...
Jpmorgan to buy $200m worth of carbon removal credits
The biggest US bank, JPMorgan, will invest over $200 million to purchase carbon removal credits from different startups to neutralize its environmenta...
Peter kolchinsky-led ra capital's new positions feature curevac, mineralys, pilant, enliven therapeu
The Boston-based fund has emerged as a force to be reckoned with in the world of biotech investments....
