February 27, 2025 8:47 am
Key moments Seven & i’s shares fell over 12% after the Ito family failed to secure funding for a $58 billion management buyout. Couche-Tard increased its takeover bid to $47 billion, positioning itself as the frontrunner to acquire Seven & i. The potential acquisition would be the largest of a Japanese company by a foreign […]
Read moreFebruary 27, 2025 8:02 am
Key moments The U.S. dollar rebounded from an 11-week low, supported by trade uncertainty and mixed signals from President Trump. The euro declined to 1.0467, moving away from its one−month high of 1.0529, as Trump floated a 25% reciprocal tariff on European goods. Tariffs on Canadian and Mexican goods remain in effect, with Trump delaying […]
Read moreFebruary 26, 2025 3:29 pm
Key moments Lowe’s projects full-year sales to range from $83.5 billion to $84.5 billion. The company experienced a surge of over 3% in its share price after posting positive outlooks. Lowe’s shares closed at $242.39 on Tuesday for a 2% decline for the year. Lowe’s, the second-largest hardware retailer in the US, has demonstrated a […]
Read moreFebruary 26, 2025 2:01 pm
A potential peace deal between Russia and Ukraine is weighing on oil prices due to the possibility of sanctions being lifted. Reports of declining U.S. crude oil inventories are offering some support to oil prices. Brent crude oil futures suffer slight price decrease at $72.83 per barrel. Oil prices remained relatively stable on Wednesday, hovering […]
Read moreFebruary 26, 2025 1:03 pm
Key moments GM is increasing its quarterly dividend by 25% to ¢15 per share. The company has authorized a new $6 billion share repurchase program, starting with a $2 billion accelerated buyback in Q2. GM’s 2025 financial projections predict net income between $11.2 billion and $12.5 billion. Automotive manufacturing giant General Motors announced today a […]
Read moreJune 16, 2023 12:15 pm
Key points: IBM and Tokyo University have launched the IBM Quantum System One in Japan. The project is part of the Japan-IBM Quantum Partnership and the Quantum Innovation Initiative Consortium. The quantum computer combines quantum resources with classical processing. Researchers in academia and businesses can use the system for running algorithms requiring repetition of quantum […]
Read moreJune 11, 2023 1:42 pm
According to digital assets data provider Kaiko, Bitcoin traded at a slight discount on Binance.US during the June 9 trading hours. The drop followed the exchange’s decision to suspend fiat trading channels beginning June 13. #BTC now trades at a slight discount on https://t.co/pup2WYms9R after news broke that the exchange may halt USD withdrawals 🚨 […]
Read moreJune 10, 2023 8:30 am
Key moments *Chevron, a U.S.-based oil company, plans to invest over $500 million in the Trapial block within the Vaca Muerta shale basin in Argentina’s western Neuquen province. *The investment announcement followed a meeting between Economy Minister Sergio Massa and Chevron officials. *The Trapial block covers an area of 109 square miles (283 square kilometers). […]
Read moreJune 9, 2023 2:37 pm
This Thursday, June 8, Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM) announced their partnership in the EV charging sector, allowing for GM EV’s to be charged at Tesla stations. This sparked a decline in EV charging companies stock. In their partnership, GM follows in the footsteps of rival Ford Motor (NYSE:F) by teaming up with Tesla […]
Read moreMay 26, 2023 9:21 am
Neuralink, a brain implant startup owned by Elon Musk, declared that the FDA had approved their first in-human clinical trial. This milestone follows prior struggles for the company to acquire the approval. The company reported this in a tweet on May 25, 2023: We are excited to share that we have received the FDA’s approval […]
Read more
