November 22, 2024 9:37 pm
The FTSE 100 index surged 1.4% on Friday, capping off a stellar week with a 2.5% gain – its strongest weekly performance since May 7. Meanwhile, the British pound plummeted 0.6% to a six-month low of $1.25105, as disappointing economic data revealed a contraction in UK business output in November and a sharper-than-expected decline in […]
Read moreNovember 22, 2024 1:22 pm
In a significant move to shake up the ad tech landscape, Mediaocean has announced a deal to acquire converged TV advertising company Innovid for approximately $500 million ($3.15 per share). The acquisition, which is expected to close early next year, will see Innovid merge with Flashtalking, a company acquired by Mediaocean in 2021, to create […]
Read moreNovember 22, 2024 11:15 am
Vistra Corp. (NYSE:VST) has reached an all-time high, with its stock price surging 21% in the last 5 days to touch $165.53. This remarkable growth has propelled the company’s market capitalization to $56.69 billion, solidifying its position as a leading player in the energy sector. The company’s impressive performance can be attributed to its robust […]
Read moreNovember 22, 2024 10:50 am
Avnet Inc (NASDAQ: AVT), a global technology distributor and solutions provider, said on Thursday that its Board of Directors had authorized a regular quarterly cash dividend of $0.33 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 18th to shareholders of […]
Read moreNovember 22, 2024 10:03 am
Games Workshop’s shares have soared by 15% after the company released a positive trading update. The FTSE 100 firm, known for its popular Warhammer miniature wargames, reported that its trading performance has surpassed expectations over the past two months. This strong showing has led to a significant increase in the company’s share price, with investors […]
Read moreNovember 22, 2024 9:16 am
MicroStrategy’s stock price plummeted 16% on Thursday after Citron Research, a prominent short seller, announced that it had taken a new bet against the company. Despite this decline, MicroStrategy’s stock has still gained over 50% since President-elect Donald Trump’s victory earlier in November, fueled by the company’s significant investments in bitcoin. MicroStrategy, a software company […]
Read moreNovember 22, 2024 4:58 am
Snowflake Inc. (SNOW) shares surged over 30% on Thursday after the company reported a solid third quarter and raised its guidance for the full year. The stock’s impressive rally has caught the attention of analysts, who see further upside potential. Goldman Sachs analyst Kash Rangan maintained a “buy” rating on Snowflake stock, citing its competitive […]
Read moreNovember 21, 2024 5:20 pm
The US Justice Department and a group of states have filed a proposal that would require Google to sell its Chrome browser and take drastic steps to end its monopoly on internet searches. The proposal comes after a judge ruled that Google’s dominance in general search services and search text advertising was indeed an illegal […]
Read moreNovember 21, 2024 4:42 pm
Nvidia’s third-quarter earnings report sent its stock price on a wild ride on Thursday, as investors digested the chipmaker’s impressive results. Despite beating expectations on both revenue and earnings per share, Nvidia’s shares fluctuated throughout the day, ultimately ending down 1.5% in late-morning trading. The company’s revenue soared 94% year-over-year to $35.08 billion, exceeding the […]
Read moreNovember 21, 2024 12:45 pm
Exxon Mobil Corporation (NYSE: XOM) and LG Chem announced on Wednesday the signing of a non-binding memorandum of understanding for a multi-year offtake agreement for up to 100,000 metric tons of lithium carbonate. The lithium is to be supplied from ExxonMobil’s planned project in the United States to LG Chem’s cathode facility in Tennessee, which […]
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