Reported 6 months ago
Healthcare payments software maker Waystar Holding Corp., backed by EQT AB and Canada Pension Plan Investment Board, is aiming to raise up to $1.04 billion in an initial public offering (IPO), offering 45 million shares at $20 to $23 each. Waystar's investors also include Bain Capital and Francisco Partners. The company reported a net loss of $51.3 million on revenue of $791 million in 2023. The IPO is being led by JPMorgan Chase & Co., Goldman Sachs Group Inc., and Barclays Plc, with plans for shares to trade on the Nasdaq Global Select Market under the symbol WAY, potentially valuing the company at about $3.98 billion. Neuberger Berman and the Qatar Investment Authority have shown interest in buying up to $225 million in shares. So far this year, over $17 billion has been raised through IPOs on US exchanges, compared to about $10.5 billion at the same point last year.
Source: YAHOO
Reported 6 months ago
Nvidia has announced a 10-for-1 stock split scheduled for June 10, following a previous 4-for-1 split in 2021. The article provides three reasons to consider buying Nvidia stock before the split: the continued growth in data center revenue, the stock's relatively reasonable valuation compared to its rapid growth, and the recent dividend increase. The split is seen as a cosmetic action, with the focus on the company's strong fundamentals and long-term potential rather than the split itself.
Source: YAHOO
Reported 6 months ago
A Greek-owned ship flying the flag of the Marshall Islands was hit by missile attacks twice in the Red Sea off Yemen's coast. The vessel, identified as the Laax, sustained damage and reported taking on water after the assaults near Hodeida and Mokha in the Bab el-Mandeb Strait. While no group claimed responsibility, suspicion fell on Yemen's Houthi rebels. The attacks come amid a series of incidents targeting ships in the region due to the ongoing conflict between Israel and Hamas in Gaza.
Source: YAHOO
Reported 6 months ago
GameStop's stock price rose by 14% after the company announced it had raised $933 million through a share sale, taking advantage of the recent meme stock rally. The surge in share value was partially attributed to the involvement of "Roaring Kitty" Keith Gill. Despite the recent gains, GameStop's market value has dropped by 70% since its peak earlier in May. The company intends to use the funds for various corporate purposes, including potential acquisitions and investments. Additionally, this move could impact short sellers of GameStop's shares, with about 20.5% of the company's publicly available shares being held in short positions.
Source: YAHOO
Reported 6 months ago
Industry executives doubt that higher U.S. tariffs on Chinese medical imports, including gloves, syringes, and face masks, will make American producers more competitive, as other low-cost suppliers are likely to step in to fill the gap. Washington's tariff hikes are part of an effort to stimulate domestic production and combat supply shortages experienced during the COVID-19 pandemic. However, industry insiders suggest that Chinese firms may reroute shipments through other countries like Malaysia, potentially undermining the impact of the tariffs. U.S. producers argue that they need immediate support rather than tariffs that are set to take effect in the future. The U.S. Trade Representative's office is seeking public input on the proposed tariff increases, while some U.S. producers believe that the focus should be on enforcing "Buy American" rules and securing government contracts.
Source: YAHOO
Reported 6 months ago
The Biden administration has finalized a new Retirement Security Rule aimed at protecting investors from conflicts of interest by requiring financial service providers to act in the best interest of clients. The rule expands the definition of fiduciaries to include those compensated to provide advice to retirement account owners, employers, and plan fiduciaries. While the rule could potentially save Americans money and increase consumer protections, it has faced controversy as some argue it may make accessing retirement advice more difficult. The rule is set to take effect in September 2024, with full implementation expected a year later.
Source: YAHOO
Reported 6 months ago
Deciding between a $400,000 lump sum or $2,000 monthly pension payments involves evaluating various factors such as investment opportunities, life expectancy, inflation, and financial management skills. Generally, taking the lump sum earlier may offer more value due to potential investment growth, while the monthly payments could be more beneficial for longer life expectancies. Other considerations like additional income sources and financial discipline play a role, and seeking advice from a financial advisor is recommended for making such a significant decision.
Source: YAHOO
Reported 6 months ago
Following his 11th place finish in the Coca-Cola 600, Bubba Wallace has secured a playoff spot in the NASCAR Cup series, while Chase Briscoe dropped out of a playoff spot after finishing 25th. As of now, eight out of the 16 playoff spots have been secured by drivers who have won races, with the regular season consisting of 14 out of 26 points races. The series will continue at the World Wide Technology Raceway next.
Source: YAHOO
Reported 6 months ago
Ginger tea is highlighted as the best tea for lowering inflammation due to its antioxidant and anti-inflammatory properties. Ginger contains compounds like gingerol and shogaol that can help reduce symptoms of inflammation and manage various inflammatory conditions like rheumatoid arthritis, cancer, and psoriasis. Research suggests that ginger tea may provide natural pain relief similar to ibuprofen, as well as help lower cholesterol and blood sugar levels. Incorporating ginger tea into the diet is easy by brewing it with fresh ginger or using bagged or loose-leaf tea, and it can be enjoyed hot, iced, or even added to smoothies or mocktails for its anti-inflammatory benefits.
Source: YAHOO
Reported 6 months ago
The article by Motley Fool discusses a comparison between AMD (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) to determine which stock may be a better buy for investors. The article highlights that while AMD wasn't among the 10 best stocks recommended by the Motley Fool Stock Advisor analyst team, Nvidia had previously made the list in 2005 and could have yielded significant returns if invested in. The piece emphasizes the potential of Nvidia based on historical performance and the guidance provided by the Stock Advisor service, which has outperformed the S&P 500 since 2002.
Source: YAHOO
Reported 6 months ago
The article discusses how Texas ports are preparing for an above-average 2024 hurricane season, with experts predicting up to 25 named storms and Texas facing a heightened risk of severe weather. Despite the forecast, Texas ports are maintaining a state of readiness by developing hurricane preparedness plans, engaging with stakeholders, and monitoring conditions with the U.S. Coast Guard. The upcoming hurricane season is expected to be more active due to La Nina weather conditions, warm sea surface temperatures, and a potential for record-breaking temperatures, leading to an increased chance of severe storms.
Source: YAHOO
Reported 6 months ago
Bond investors, including Neuberger Berman, pressured Mexico's state-oil company, Pemex, to address its deteriorating ESG record marked by deadly accidents and environmental concerns. The intense 18-month campaign by creditors, like JPMorgan Chase & Co. and BlackRock Inc., led Pemex to unveil its first sustainability plan, committing to emission reductions and net-zero goals. The movement highlights the growing influence of ESG factors in finance, underscoring Pemex's reliance on creditors for survival amid market concerns and pending elections in Mexico.
Source: YAHOO
Reported 6 months ago
The article discusses the 2024 French Open match between Novak Djokovic and Pierre-Hugues Herbert, highlighting Djokovic's tough year in tennis and his quest for a win at the tournament. It provides information on how to watch the match, including broadcast schedules, streaming options, and channels like Fubo Elite, ExpressVPN, and more. Additionally, it outlines the 2024 French Open seeds and players to watch, as well as the overall schedule of the tournament, which began on May 26 and will end with the men's final on June 9.
Source: YAHOO
Reported 6 months ago
Toyota, Subaru, and Mazda have announced a collaboration to develop new engines tailored for electrification and carbon neutrality. The partnership aims to optimize engine integration with electric drive units, batteries, and motors, while also decarbonizing internal combustion engines to be compatible with carbon-neutral fuels like e-fuels. The automakers will work on enhancing engine performance and integration within electrified powertrains to improve vehicle design and aerodynamic performance. Toyota's CEO highlighted the need to evolve engines for a carbon-neutral future, while Subaru and Mazda emphasized their commitment to sustainability and technological advancements in car manufacturing.
Source: YAHOO
Reported 6 months ago
The article discusses the remarkable career trajectory of Hollywood mogul Ari Emanuel, highlighting his reputation as an incredibly persuasive and hardworking individual who has navigated the industry with tenacity and determination. From founding Endeavor to overseeing a multi-billion dollar company, Emanuel's ability to advocate for clients, seal deals, and maintain loyalty among top talent has solidified his status as a powerful force in the entertainment world. His work ethic, integrity, and willingness to take on industry giants have set him apart, making him a respected figure in Hollywood known for his authenticity and relentless pursuit of success.
Source: YAHOO
Reported 6 months ago
UBS Global Research has raised its year-end target for the S&P 500 index to 5,600 points, the highest forecast among major brokerages, reflecting a 5.6% upside from the index's last close of 5,304.72. The increase is driven by stronger earnings forecasts, a supportive economic backdrop, and fading recession risks, with UBS strategists now forecasting an EPS of $245 for 2024. This move aligns UBS with other major brokerages like Deutsche Bank and Wells Fargo, which have also predicted the index will end at 5,500 or higher this year.
Source: YAHOO
Reported 6 months ago
Source: YAHOO
Reported 6 months ago
Source: YAHOO
Reported 6 months ago
Caitlin Clark and the Indiana Fever broke their season-long losing streak by defeating the Los Angeles Sparks, but subsequently lost to the Las Vegas Aces. Fans are eager to see if Clark can maintain her momentum as the Fever host the Sparks tonight. The game can be watched on NBA TV at 7 p.m. ET, and various streaming options like Fubo TV, DirecTV, and NBA League Pass are available for viewers without cable.
Source: YAHOO
Reported 6 months ago
The article discusses the "Chipotle Walkout Method" trend, where dissatisfied customers leave Chipotle mid-order due to perceived food portion issues, initiated by a TikTok influencer. Despite online complaints, Chipotle's real-life sales and profitability remain strong, with fourth-quarter sales growing 14.1% and net income by 26%. The article suggests that while demand-pull inflation and rising prices may impact Chipotle's portion size controversy, the company could face brand and reputational damage if not addressed, potentially affecting shareholders negatively.
Source: YAHOO
Reported 6 months ago
The ultra-rare Wu-Tang Clan album "Once Upon a Time in Shaolin," which has only been heard by a select group of people and is considered one of the most expensive records ever sold, will be publicly displayed for the first time at the MONA gallery in Australia. The album, of which only one physical two-CD copy exists, will be part of the Namedropping exhibition at the gallery for 10 days starting June 15, offering fans the chance to listen to the exclusive record during listening parties.
Source: YAHOO