Reported about 1 month ago
Spectris, a British scientific instruments maker, has turned down a second acquisition proposal from KKR in favor of a $5 billion bid from Advent International. The company announced its approval of Advent's offer of 37.63 pounds per share, contingent on a formal proposal. KKR has until July 11 to submit a formal offer or withdraw. Spectris has become a prime acquisition target in the UK market, which has attracted foreign buyers due to lower valuations.
Source: YAHOO
Reported about 1 month ago
Shares of D-Wave Quantum have dropped nearly 15% this week following the announcement of an at-the-market offering aimed at raising up to $400 million, which could dilute current shareholders. Despite positive remarks about quantum computing from Nvidia's CEO, the market reacted negatively to D-Wave's capital increase plans, reflecting investor apprehension around the company's high valuation and its ongoing growth strategy.
Source: YAHOO
Reported about 1 month ago
Retail sales rose by 4.2% year-over-year in May, yet the National Retail Federation warns that economic uncertainty is shifting consumer behavior. While sales in digital products surged, some sectors like building supplies saw declines. Retailers are adapting to changing market conditions and tariffs as they gauge consumer sentiment, which has remained cautious despite recent increases in consumer confidence.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Chewy stock experienced a significant drop of nearly 15% this week following its quarterly earnings report, which, despite exceeding analyst expectations for revenue and profitability, failed to impress investors. The company's net sales grew by over 8% year-over-year to $3.1 billion and its adjusted net income reached just under $149 million. However, given its high valuation and thin profit margins, many investors remain cautious, as reflected by analysts adjusting their price targets downward.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Culpepper Research has launched strong accusations against tech firm Applovin, claiming involvement in illicit practices and ties to Chinese investors that pose a national security risk. Despite Applovin's stock soaring nearly 400% this year, it faced a recent decline amid these allegations, which suggest a lack of transparency regarding ownership and operations, particularly involving a Chinese national. The activist firm argues that these connections could jeopardize the integrity of American data.
Source: YAHOO
Reported about 1 month ago
Bitcoin has bounced back to approximately $106,000 following initial drops linked to escalating tensions between Iran and Israel. Although it briefly fell to around $102,600, the cryptocurrency still remains close to its all-time high. However, analysts caution of a potential deeper pullback, suggesting that traders should monitor key support levels and wait for favorable market conditions before making purchases. Some predict that Bitcoin could drop to the $88,000-$93,000 range before seeing a resurgence.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
After rolling over a 401(k) into an IRA, a reader faced a $1,500 penalty due to mandatory tax withholding. Despite completing the rollover within the required 60-day period, the withheld amount was considered taxable income, resulting in both taxes and penalties. To avoid such issues in the future, it's recommended to opt for direct rollovers, which bypass withholding and simplify the process.
Source: YAHOO
Reported about 1 month ago
Waymo's self-driving rides are now pricier than Uber and Lyft, yet demand continues, according to a recent report. The National Highway Traffic Safety Administration aims to expedite the exemption process for cars without traditional controls. Meanwhile, Waymo faced vandalism to its vehicles during LA protests, raising surveillance concerns. A significant Tesla robotaxi launch is set for June 22 in Austin, Texas, as the industry evolves with new technologies and partnerships.
Source: YAHOO
Reported about 1 month ago
Tensions escalated between Israel and Iran after an attack on Iranian military and nuclear sites, causing a surge in oil prices, with West Texas Intermediate crude nearing $73 a barrel. Analysts warn that a full-blown conflict could push prices above $100, affecting inflation rates as oil price increases could contribute to rising costs. However, a significant disruption of oil supplies, such as closing the Strait of Hormuz, is deemed unlikely. Most forecasts suggest that, barring major escalation, oil prices may stabilize as tensions ease.
Source: YAHOO
Reported about 1 month ago
Two leading cryptocurrency firms are close to obtaining licenses for operation across the European Union, amidst concerns regarding the rapid approval processes by certain countries like Malta. This comes as the EU's new Markets in Crypto-Assets (MiCA) regulation aims to unify crypto oversight akin to traditional finance, but regulators warn that uneven enforcement could undermine these goals. The anticipated licenses, particularly for Gemini and Coinbase, highlight the growing regulatory rift and potential challenges in maintaining consistent standards across the EU.
Source: YAHOO
Reported about 1 month ago
Israel's airstrikes on Iran threaten to disrupt U.S. energy prices, jeopardizing President Trump's claims of controlled inflation. The airstrikes have already caused oil prices to surge, raising concerns about potential future inflation and economic growth. Analysts warn that ongoing tensions could lead to higher prices at the pump, complicating Trump's economic narrative and his relationship with the Federal Reserve. As the summer driving season approaches, the potential for increased energy costs adds political pressure on Trump to manage inflation effectively.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
To secure funding, growing trucking companies must demonstrate strong financial management and operational stability rather than just ambition or hustle. Lenders prioritize clear financial reporting, consistent cash flow, and a well-structured plan for using funds over anecdotal success stories. This article outlines essential factors such as maintaining clean profit and loss statements, managing operating ratios, and effectively separating personal and business finances to enhance the chances of loan approval.
Source: YAHOO
Reported about 1 month ago
The recent Israeli attack on Iran has escalated tensions in the Middle East, potentially triggering price increases across various sectors, including energy, shipping, and consumer goods. With oil prices surging and shipping costs rising due to geopolitical conflicts, consumers may soon face higher prices for essentials. Despite current overall inflation being contained, analysts predict a rise in month-on-month inflation figures as companies anticipate further cost increases, which could pressure the Federal Reserve to reassess interest rates.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
DTTM Operations LLC, which manages Donald Trump's trademarks, has filed applications to use his name and the term T1 for mobile phone services, covering items like phones, cases, and battery chargers. This move may indicate plans for a Trump-branded telecom service aiming to challenge major players like Verizon and AT&T, marking a significant expansion for Trump's business beyond real estate and hospitality.
Source: YAHOO
Reported about 1 month ago
Baird has upgraded Urban Outfitters, Inc. (URBN) from 'Neutral' to 'Outperform', raising its price target from $75 to $90, indicating a 20% potential growth. The company's first-quarter results showed a significant 74% increase in net income, driven by improved margins. The success of its subscription business, Nuuly, expected to grow by 43% to $540 million this year, is critical for continued momentum, highlighting URBN as a promising investment in the retail sector.
Source: YAHOO