Reported about 1 year ago
Northern Data AG is exploring the possibility of conducting a US initial public offering for its combined artificial intelligence cloud computing and data center businesses with a potential valuation of up to $16 billion. The company is in talks with advisers and could list its cloud computing activities and data centers on the Nasdaq in the first half of next year. Northern Data may also sell a minority stake in the unit to investors before the listing. This strategic move aligns with the current trend of increased investments in cloud computing firms in the AI sector.
Source: YAHOO
Reported about 1 year ago
Chicago-based Guaranteed Rate, one of the largest U.S. mortgage lenders, has rebranded to Rate, aiming to streamline the mortgage process using AI. The company originated over 59,000 loans totaling $21.7 billion in volume, with recent data showing a $7 billion origination volume in Q1 2024. Guaranteed Rate also appointed Chris Knapp as president of Proper Rate and expanded its Community Engagement Initiative to promote homeownership in underserved communities and focus on diversity. The company has faced allegations of fostering a toxic work environment, which it denies.
Source: YAHOO
Reported about 1 year ago
On Monday, Steve Ballmer exceeded Bill Gates to become the sixth-richest person globally, marking the first time the former Microsoft CEO has been wealthier than the company's co-founder. The surge in Ballmer's net worth to $157.2 billion is largely attributed to his Microsoft shares, while Gates has diversified his $156.7 billion fortune. Gates, known for philanthropy, has donated nearly $60 billion with the Gates Foundation, compared to Ballmer's less extensive charitable contributions. Gates remains connected to Microsoft through Cascade Investment and is a co-founder of the Giving Pledge.
Source: YAHOO
Reported about 1 year ago
Barry Diller's IAC is exploring a bid to take control of Paramount Global, after talks between Skydance Media and Paramount collapsed. Paramount is now in discussions with various media and tech companies, including Warner Bros Discovery, to potentially merge its streaming platform Paramount+ with another streaming entity. Concerns about market saturation have prompted media companies to consider bundling their streaming services to attract customers. Paramount has over 71 million subscribers, significantly fewer than Netflix and Warner.
Source: YAHOO
Reported about 1 year ago
Travel-related stocks are experiencing a decline as Hurricane Beryl hits the Caribbean, leading to concerns about cruise operations and air travel in the region. The storm's potential impact on the sector's performance has caused investor worries, with particular focus on cruise lines, such as Norwegian and Royal Caribbean, experiencing significant drops in stock prices. The threat posed by the hurricane has also coincided with a rise in crude oil prices. The sector is facing pressure due to anticipated delays and cancellations, with reports suggesting potential damages of up to $1 billion.
Source: YAHOO
Reported about 1 year ago
Source: INVESTORS
Reported about 1 year ago
Goldman Sachs has initiated coverage on multiple companies in the telecommunications services sector, such as AT&T, T-Mobile, American Tower, and Verizon, with Buy ratings. The firm's bullish stance is driven by anticipated sector recovery, growth opportunities from artificial intelligence, and the market's underestimation of these companies' potential.
Source: YAHOO
Reported about 1 year ago
Boeing is facing a decision on whether to accept a plea deal to settle a criminal fraud charge related to the 737 Max jetliner crashes in Indonesia and Ethiopia. Victims' families and prosecutors are awaiting Boeing's response, with some families wanting to see Boeing go to trial instead. The proposed deal includes a guilty plea to fraud, potentially leading to more civil lawsuits against Boeing and impacting the company's federal contractor status. Additionally, Boeing's acquisition of Spirit AeroSystems aims to address manufacturing quality concerns.
Source: YAHOO
Reported about 1 year ago
Amazon上週市值升至2兆美元，其他科技巨頭蘋果、Nvidia和微軟則在最有價值公司之爭中較勁。Maxim Group的經理人兼高級消費者互聯網分析師Tom Forte偏好Amazon在下一章的人工智慧競賽和更廣泛的大科技增長中。他認為Amazon在廣告、電子商務、雲計算增長方面可能取得成功，並指出他們的醫療保健計劃有助於達到3兆美元的市值。Forte還提到了蘋果自身的人工智慧計畫，以及Amazon投資者應如何看待監管打壓。
Source: YAHOO
Reported about 1 year ago
American Express announced its acquisition of Tock, a restaurant booking app for 7,000 venues, for $400 million. With ownership of Resy and Tock, Amex offers exclusive reservations for cardholders, impacting access for non-cardholders. This move reflects the trend of credit card companies providing exclusive perks to customers, potentially creating new challenges for securing reservations at top restaurants.
Source: YAHOO
Reported about 1 year ago
Sophie Turner shared a glimpse of her life on Instagram, including a romantic picnic date with Peregrine Pearson. The actress has been linked to the British aristocrat since November, following her split from Joe Jonas. Turner, who is currently in a legal battle over custody of their children, seems to be enjoying life and looking forward to her thirties with a positive outlook.
Source: YAHOO
Reported about 1 year ago
Eva Amurri, the daughter of Susan Sarandon, responded to critics scandalized by her bustier wedding dress, inviting them to take a closer look at it as she loves it. She married chef Ian Hock on June 29 in a Kim Kassas gown, refusing to let negativity affect her big day. Amurri described her dress as a balance of sexy and elegant, purchased at Bridal Reflections in NYC, paired with a dramatic veil. The French garden party-themed wedding with 40 guests was held in New York's Hudson Valley, where Amurri's children from a previous marriage were involved in the ceremony, including a special hand fasting ritual.
Source: YAHOO
Reported about 1 year ago
Source: BARRONS
Reported about 1 year ago
A federal appeals court has granted the U.S. Education Department permission to implement President Joe Biden's student loan repayment plan, which reduces payments from 10% to 5% of discretionary income for qualifying borrowers. This decision temporarily halts the previous court ruling that blocked the plan, allowing the department to move forward with lower payments while pursuing an appeal. The plan, known as SAVE, was designed to offer lower payments and forgiveness for borrowers who meet certain criteria, but challenges from Republican-led states have caused uncertainty for borrowers.
Source: YAHOO
Reported about 1 year ago
Taylor Swift's iconic outfits will be showcased at the Victoria and Albert Museum in London from July 27 to September 8 in an exhibition titled Taylor Swift | Songbook Trail. The display will feature 16 outfits, instruments, music awards, storyboards, and archival material, providing a glimpse into the pop superstar's career and creativity. Visitors can explore different eras of Swift's music and songwriting through the exhibition's 13 stops, each highlighting a specific chapter in her musical journey.
Source: YAHOO
Reported about 1 year ago
Rivian stock saw a 3.9% increase in share price after analysts at RBC Capital and Canaccord raised their price targets. RBC Capital raised the one-year price target to $14 per share, citing the deal with Volkswagen and potential shift to positive gross margins as positive factors. On the other hand, Canaccord Genuity upgraded Rivian's rating to buy and increased the one-year price target to $30 per share, highlighting the significance of Volkswagen's investment and expecting a valuation turnaround.
Source: YAHOO
Reported about 1 year ago
金融巨頭從高盛集團到摩根士丹利和巴克萊銀行正重新審視11月唐納德·川普勝選可能在債券市場上產生的影響。 隨著川普在周四的辯論後的支持率上升，華爾街策略師敦促客戶為持續的通脹和較高的長期債息率做好準備。 麥肯齊和卡特·約翰遜，彭博社。
Source: YAHOO
Reported about 1 year ago
A U.S. panel has recommended that children and teens with high body mass index (BMI) receive 26 hours or more of behavioral intervention, emphasizing exercise, healthy eating patterns, and access to affordable healthy food. The panel's recommendation, published in JAMA, aims to address the concerning outcomes for children and teens with obesity, highlighting the need for interventions to improve weight loss and cardiometabolic risk factors while steering away from medication and surgery. The CDC reports that nearly 15 million children and adolescents in the United States have obesity, with studies showing the effectiveness of weight-loss drugs and surgical procedures for children as recommended treatments.
Source: YAHOO
Reported about 1 year ago
Boeing's $4.7 billion deal to repurchase Spirit AeroSystems was orchestrated through discussions involving plane giants, marking a distinctive three-way agreement resulting from a crisis. Initiated as early as September to assist Spirit with operational enhancements, the merger evolved rapidly after production issues culminated in a mid-flight incident. Boeing's transition from a cash offer to an all-stock agreement valued at $37.25 per share eventually sealed the deal after intensive negotiations, positioning Spirit shareholders to receive $4 billion in stock and facilitating the return of core factories and assets to Boeing.
Source: YAHOO
Reported about 1 year ago
Nicole Kidman, along with Zac Efron and Joey King from 'A Family Affair,' reminisce about their teen years, with Kidman admitting to sneaking out of the house and disobeying her parents a lot. Efron, on the other hand, shares that he never snuck out, went to parties, or got in trouble, crediting his strict upbringing for his success. The trio's reflections offer insight into their differing experiences growing up.
Source: YAHOO
Reported about 1 year ago
據消息人士透露，空中客車在6月份交付了大約67架飛機，將上半年的總交付量提高至約323架，較去年同期增加2%。在供應鏈問題影響下，空中客車上週將全年交付預測從800架削減至770架，預計7月8日公佈月度和半年數據前，未發表評論。
Source: YAHOO
Reported about 1 year ago
A U.S. federal appeals court has ruled in favor of a White House debt relief plan proposed by President Biden, allowing a part of the 'Saving on a Valuable Education' (SAVE) plan to proceed. This plan includes capping monthly student loan payments at 5% of discretionary income and reducing payments to zero for those earning under $32,800. Despite ongoing legal challenges, the plan has provided $4.8 billion in debt relief to 360,000 Americans by April, with $167 billion forgiven since Biden took office for 4.75 million borrowers.
Source: YAHOO
Reported about 1 year ago
Source: INVESTORS
Reported about 1 year ago
US stocks opened the second half of 2024 with gains despite surging bond yields, with the S&P 500 and Nasdaq Composite finishing the first half with strong increases. Tech stocks and investor confidence in a potential Federal Reserve interest rate cut are driving the market. Concerns arise over market concentration as a select few stocks push record highs. Rising bond yields are attributed to the US election outlook and uncertainty following right-wing leads in European elections. The 10-year Treasury yield rose to 4.469%. Eyes are on the upcoming jobs report for insight into future monetary policy, with economists predicting a moderation in job growth from May.
Source: YAHOO
Reported about 1 year ago
According to sources on July 1, 2024, with an intention to re-enter Taiwan's financial market after more than a decade, Tsai Chen-yu, the third son of the Lin Yuan family, saw opportunities in the FSC's three major policies: encouraging financial consolidation, attracting funds for investment in Taiwan, and enhancing bank competitiveness. Tsai's unique approach in expressing interest to purchase a 40% stake in Carrefour Taiwan caught the attention of the market. His return with significant funding aims to comply with the FSC's goals and to reinforce his banking operations philosophy.
Source: YAHOO