#stockmarket

Cadence Capital reported a full-year profit of $21.6 million, with a 10.4% increase in fund performance. A final dividend of $0.03 per share was declared, bringing the annual dividend to $0.06 per share, resulting in an annualized yield of 8.6% and a grossed-up yield of 12.2%. Positive...

Overview: Amentum (NYSE: AMTM) has successfully secured the Fully Integrated Lifecycle Mission Support Services II (FILMSS II) contract from NASA, with a maximum value of $256 million. This pivotal contract aims to enhance NASA's capabilities in space exploration and aeronautics through...

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading contract chipmaker, reported robust third-quarter revenue on October 9, 2024, driven by unprecedented demand for artificial intelligence (AI) technologies. The company's revenue for the July-September period reached T$759.69...

Stock shorting, or short selling, is an investment strategy where traders aim to profit from a decline in a stock’s price. Here’s an overview of how it works, the risks involved, and other important aspects: 1. How Short Selling Works Borrowing Shares: To short a stock, an investor borrows...

Market Performance Stocks rose on Tuesday as investors remain hopeful for a "soft landing" in the economy. The S&P 500 gained nearly 1%, the Nasdaq Composite increased about 1.5%, and the Dow Jones Industrial Average rose by 0.3%. The upcoming release of the Federal Reserve's meeting minutes...

SentinelOne, a global leader in AI-driven cybersecurity solutions, has been named the Best Managed Detection and Response (MDR) Service Provider of the Year at the prestigious Future Security Awards 2024. This accolade, presented by CPI Media Group, recognizes organizations that demonstrate...

Cloudflare, inc. (NYSE: NET), a global leader in cloud connectivity and cybersecurity, announced the acquisition of Kivera, a cutting-edge platform specializing in cloud security, data protection, and regulatory compliance. The integration of Kivera into Cloudflare's rapidly growing Cloudflare...

Starboard Value’s Strategic Move: Activist hedge fund Starboard Value has reportedly acquired a significant stake of approximately $1 billion in Pfizer, aiming to revitalize the struggling pharmaceutical giant. This bold investment underscores Starboard’s belief in Pfizer’s potential for...

Spirit Airlines (SAVE) saw its stock plunge by 40% in premarket trading as reports surfaced about the carrier exploring a potential bankruptcy filing. This comes after the failure of a $3.8 billion merger with JetBlue Airways (JBLU). Spirit is reportedly in talks with bondholders about a chapter...

The downgrade follows Tesla's disappointing third-quarter vehicle delivery report, with the bank noting that the company may not achieve any growth in full-year vehicle deliveries for the first time in its history. Year-to-date, Tesla has delivered 1.29 million vehicles, needing over 520,000...

Blackstone Inc. envisions the private credit market growing to a staggering $30 trillion, driven by increasing demand for infrastructure project financing and greater participation from pension and sovereign wealth funds. Rob Horn, Global Head of Infrastructure and Asset-Based Credit at...

LifeWallet (NASDAQ: LIFW), announced a significant acquisition of Medicare Secondary Payer (MSP) claims. This deal involves more than 450,000 Medicare members, with a total claims value exceeding $10.6 billion. The acquisition strengthens LifeWallet’s strategic focus on recovering healthcare...

Featurespace is known for its cutting-edge algorithms that analyze transaction data to detect even the most elusive types of fraud. This acquisition positions Visa to offer more advanced risk-scoring and fraud-detection solutions to its global client base, addressing the increasing...

CrowdStrike Holdings, Inc. (NASDAQ: CRWD), a leading cybersecurity firm renowned for its AI-powered Falcon platform, encountered a significant crisis on July 19, 2024, that tested its operational resilience and market standing. A software patch rollout inadvertently caused a widespread outage...

Oracle Corporation is set to make a significant investment exceeding $6.5 billion to develop a public cloud region in Malaysia. This strategic move aims to capitalize on the rising demand for artificial intelligence (AI) and cloud computing services within the country. The establishment of this...

Chinese electric vehicle (EV) giant NIO Inc. has secured a substantial cash investment of RMB 3.3 billion (approximately $452 million) from strategic investors into its subsidiary, NIO China. This capital infusion is complemented by NIO’s own commitment of RMB 10 billion ($1.37 billion)...

In inflationary environments, companies that can effectively manage rising costs while continuing to provide value to consumers become attractive investment opportunities. Costco and Walmart serve as prime examples of businesses that have mastered this balance. Costco’s Strategy: Leveraging...

WALL STREET'S MOST-AWAITED AI STOCK SPLIT OF THE FOURTH QUARTER . Super Micro Computer (NASDAQ: SMCI) is set to complete its first-ever stock split on September 30, 2024, implementing a 10-for-1 split that will lower its share price to around $40. This comes after a remarkable 779% increase in...

Apple has officially stepped back from discussions to join OpenAI’s latest funding round, which aims to raise up to $6.5 billion. This move would have marked a rare collaboration for Apple, known for its conservative investment approach in external Silicon Valley companies. Despite Apple’s exit...

Palantir Technologies Inc. (PLTR) has secured a pivotal contract with the U.S. Army for its AI capabilities, a significant milestone as the company continues its rapid expansion, especially after its recent inclusion in the S&P 500. Additionally, CEO Alex Karp's plans to sell $1 billion in stock...