#investment

Apollo Global Management is reportedly preparing to make a significant multibillion-dollar investment in Intel Corp., signaling strong confidence in the chipmaker’s turnaround strategy under CEO Pat Gelsinger. The proposed equity-like investment, which could reach as much as $5 billion, is still...

COCA-COLA ANNOUNCES $1 BILLION INVESTMENT IN NIGERIA TO BOOST ECONOMIC GROWTH Overview: Coca-Cola plans to invest $1 billion in Nigeria over the next five years, aiming to create jobs and enhance local economic activities across its value chain. Key Details: 1. Investment Announcement...

Apple’s stock tumbled nearly 3% on Monday following concerns that the new iPhone 16 Pro models are seeing softer demand than anticipated. Several analysts noted that delivery times for the latest iPhones are shorter compared to last year's iPhone 15 Pro, which may signal weaker consumer...

Intel is poised to receive up to $3.5 billion in federal grants under a strategic agreement with the U.S. government to manufacture cutting-edge semiconductors for military and intelligence applications. The deal is part of the Pentagon's "Secure Enclave" program, which focuses on developing...

Super Micro Computer (NASDAQ: SMCI), a leading provider of artificial intelligence (AI) server solutions, came into sharp focus on Monday following a positive assessment from Glasshouse Research. The forensic accounting and analytics firm expressed strong confidence in the stock, describing its...

In a strategic move to strengthen its financial sector, China is merging two of its largest state-owned brokerages, Guotai Junan Securities Co. and Haitong Securities Co., to create a financial powerhouse with assets totaling 1.6 trillion yuan ($230 billion). This merger will eclipse Citic...

JPMorgan Chase & Co. has dropped its buy recommendation for Chinese stocks, citing increased market volatility driven by the upcoming US elections, China’s economic headwinds, and weak policy measures. Strategists, led by Pedro Martins, downgraded China from overweight to neutral in the bank’s...

Sales Performance: Tesla (TSLA) experienced its strongest sales month in China for the year in August, delivering over 63,000 vehicles. This represents a notable 37% increase from July, though it falls short of August 2023’s sales of 64,694 units. Despite this growth, Tesla’s performance is...

Overview: Nvidia Corp., the world’s leading chipmaker, is in advanced discussions to participate in a major funding round for OpenAI, which could value the artificial intelligence startup at over $100 billion. This funding round, led by Thrive Capital, highlights the growing strategic importance...

Super Micro Computer Inc. (NASDAQ: SMCI) has seen its shares plummet by 19%, leading to a significant $800 million reduction in CEO and Chairman Charles Liang’s net worth. This drop, which occurred after the company announced a delay in filing its annual financial report, caps a staggering loss...

MSCI has taken significant action by removing 60 Chinese securities from its global indexes and adding seven Indian securities, with these changes set to take effect on August 30, 2024. This latest adjustment is part of a broader trend observed this year, where MSCI has been steadily reducing...

SUMMARY: Microsoft is set to host a pivotal cybersecurity summit on September 10, 2024, in Redmond, Washington, in partnership with CrowdStrike, government officials, and other major technology firms. This summit comes in the wake of a catastrophic system outage in July, triggered by a flawed...

Alibaba Enhances Listing Status to Tap Mainland Investments: Alibaba Group Holding has announced a strategic upgrade of its Hong Kong stock listing from a secondary to a dual-primary status, effective August 28. This pivotal move enables the company to qualify for the Stock Connect program...

Cava (CAVA) delivered robust second-quarter results, exceeding Wall Street expectations across key metrics. The Mediterranean fast-casual chain reported a 35.2% year-over-year increase in net sales, reaching $233.5 million, surpassing the anticipated $219 million. Adjusted earnings per share...

Warren Buffett, renowned for his long-term investment strategy as chairman and CEO of Berkshire Hathaway, continues to make headlines with his latest market maneuvers. Under his leadership, Berkshire Hathaway has achieved a staggering 19.8% compound annual return since 1965, dwarfing the returns...

TARGET'S STRATEGIC PRICE CUTS LEAD TO STRONG EARNINGS SURPRISE Target (TGT) delivered an impressive earnings report, significantly outperforming Wall Street expectations. The retailer's strategic decision to slash prices on 5,000 essential items—ranging from milk to meat—led to a noticeable...

ETERNA PLC: STOCK ANALYSIS OVERVIEW OF ETERNA PLC Eterna Plc is a Nigerian company engaged in the manufacturing and marketing of lubricating oils and petrochemicals. The company also operates in the importation and bulk sales of petroleum products, including gasoline, diesel, and kerosene...

FG DEMANDS BVN, NIN FOR $500M BOND SUBSCRIPTION Main Points: 1. New Financial Instrument Requirements: - The Federal Government requires investors in its new domestic dollar bond to provide a Bank Verification Number (BVN) and National Identification Number (NIN). - The bond is part of a...

Amid signs of a consumer spending slowdown affecting industries like restaurants, travel, and leisure, Walmart (NYSE: WMT) has emerged as a resilient player. While companies like Starbucks, McDonald's, and Disney are experiencing declines in same-store sales and reduced traffic, Walmart's Q2...

Market Pause: On Tuesday, the stock market rally slowed, with all major indexes slightly declining. The Dow Jones fell by 61.56 points, the S&P 500 dipped 0.2%, and the Nasdaq Composite dropped 0.33%. Investors are now awaiting the Federal Reserve's July policy meeting minutes. Target's Strong...