Politan Capital demanded to see the financial information of monitoring-technologies firm Masimo. Saba Capital increased a stake in investment manager Adams Diversified Equity Fund.
Genting Singapore Limited ( SGX:G13 ), might not be a large cap stock, but it saw its share price hover around a small...
EY advises shareholders to accept the offer, or sell their shares if they can offer a higher price than the offer price.
While Nvidia stands as the undisputed winner of the AI chip wars, it soon could have a rival.
China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services to the group, bought the flat from New World Development in 2019, according to records from the Land Registry.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Micron Technology, Taiwan Semiconductor Manufacturing, Coherent, and Qualcomm have also done well this year.
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
A tough new raft of U.S. sanctions sent jitters rippling through the Russian financial system Thursday and forced Moscow’s main financial trading platform to halt dollar and euro transactions, further raising the cost of President Vladimir Putin’s war against Ukraine. The sharp escalation in sanctions by the Treasury Department prompted former Russian president and prime minister Dmitry Medvedev, now a senior security official, to call on the population to “inflict maximum harm” on Western socie
We recently published a list entitled Billionaire Bill Ackman’s 2024 Portfolio: 6 Best Stocks to Buy in 2024. Since Alphabet Inc. (NASDAQ:GOOG) ranks 4th in the list, it deserves a deeper look. Billionaire Bill Ackman recently made headlines after reports suggested he plans to take his investment firm public as soon as next year. A Wall Street […]
Investors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.
We look at the latest software updates from a technology giant and the latest moves by the US central bank. The post Top Stock Market Highlights of the Week: Apple, US Federal Reserve and DBS Group appeared first on The Smart Investor.
Investors are continuing to weigh signs of cooling inflation and a hawkish shift in the Fed's view on rate cuts.
We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks 6th on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has […]
Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill's update, posted on Reddit after the close of trading, showed the value of his position at $262.1 million. Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.
The billionaire entrepreneur had remained assured that shareholders would approve the payout which was denied to him by a Delaware judge in January
Key Insights Meta Platforms' estimated fair value is US$561 based on 2 Stage Free Cash Flow to Equity With US$504 share...
(Reuters) -Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy. The company now expects revenue of between $21.40 billion and $21.50 billion, compared with its prior forecast of between $21.30 billion and $21.50 billion. Adobe's outlook reflects that its AI efforts are paying off as clients hike spending on its software products such as Premiere Pro, Animate and After Effects, which are used by creative professionals in a variety of fields.
The Bank of Japan on Friday said it would trim its vast hoard of government bonds as it cautiously steps away from its long-running ultra-loose monetary policy.The central bank kept interest rates unchanged after a two-day meeting but announced plans to "reduce its purchase amount of JGBs (Japanese Government Bonds) thereafter to ensure that long-term interest rates would be formed more freely".
The biggest cryptocurrency continues to fall after the Federal Reserve dampened expectations for interest-rate cuts.
Under SFA, there is no requirement for OCBC to announce level of acceptances for GEH
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