Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
Activist investor Gavriel Kahane, managing partner at Arkhouse, is advocating for significant changes at media conglomerate IAC, founded by billionaire Barry Diller. While Kahane emphasizes a collaborative effort with Diller, he believes IAC could be worth $72 per share if broken up, given its current stock price of around $38 and strong financials, including $1.2 billion in cash. Arkhouse's recent board nominations and the company's cost cuts bolster Kahane's view that IAC is undervalued and poised for transformation.
Source: YAHOO
Reported 2 days ago
Source: WSJ
Reported 2 days ago
Source: BARRONS
Reported 2 days ago
Ether has rebounded strongly from April's lows, surpassing $2,500, with market value rising and futures open interest increasing in May. While it's uncertain whether the price will continue to rise, consolidate, or retrace, potential news regarding tariffs or international negotiations could impact Ether. No major crypto releases are scheduled this week.
Source: YAHOO
Reported 2 days ago
In Silicon Valley, a fierce battle for top AI researchers is underway among major companies like OpenAI, Google, and xAI, who are offering extravagant salaries and bonuses to attract and retain talent. This recruitment frenzy, fueled by the rapid development of AI technologies, has escalated to levels akin to sports contracts, with researchers being courted by industry elites and receiving offers that can surpass $10 million annually. The competitive landscape is further complicated by the limited pool of exceptional talent, making every hiring decision critical to the companies' success.
Source: YAHOO
Reported 2 days ago
Frustrated Porsche investors are urging CEO Oliver Blume to step down from his dual role as head of Porsche and Volkswagen, following a significant drop in sales, particularly a 42% decrease in China. At the recent annual shareholders meeting, concerns were raised about the viability of having one person manage both companies, as it is believed to negatively impact Porsche's stock value. Investors are calling for immediate action to navigate the challenges posed by retail performance in key markets like China and the U.S.
Source: YAHOO
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
VF Corp reported a 5% drop in fourth-quarter revenue to $2.14 billion, missing estimates as tariff uncertainties and a challenging macroeconomic climate led to decreased consumer demand, causing a nearly 11% drop in shares. The company is considering price increases and boosting production to mitigate the effects of tariffs affecting major manufacturing hubs, while efforts to streamline its product line and maintain full prices have not resonated well with consumers.
Source: YAHOO
Reported 2 days ago
Arkhouse, led by Gavriel Kahane, is challenging Barry Diller's IAC by advocating for changes to boost shareholder value. Unlike traditional activist investors, Arkhouse aims to collaborate with management to realize the company's potential, identifying significant undervalued assets within IAC. Kahane discusses his previous efforts to buy Macy's and expresses optimism about IAC's future, emphasizing the need for strategic asset realization and possible restructuring.
Source: YAHOO
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
JPMorgan Chase's CEO Jamie Dimon announced that the bank will now allow clients to purchase Bitcoin, marking a significant change from his previous skepticism. While JPMorgan adapts to client demand for digital assets, Vanguard remains cautious, refusing to offer spot Bitcoin ETFs or crypto products. This divergence reflects an evolving landscape in the financial industry as major firms like Morgan Stanley and Bank of America embrace Bitcoin, raising questions about Vanguard's future strategy regarding cryptocurrencies.
Source: YAHOO
Reported 2 days ago
Morgan Stanley strategists predict that US equities will lead a global market rally in the coming months due to improved corporate earnings and a declining dollar. With an optimistic outlook on the Fed's potential interest rate cuts and reduced recession fears, they have raised their year-end S&P 500 target to 6,500 points by mid-2026. While US stocks show recent gains, other regions may lag behind, with a cautious view on emerging markets and Japan. The strategists expect Treasury yields to remain stable until late this year, anticipating more rate cuts in 2026.
Source: YAHOO
Reported 2 days ago
Victoria’s Secret has adopted a shareholder rights plan, known as a poison pill, to defend against a potential hostile takeover by BBRC International, which has significantly increased its stake in the company. This plan, effective for one year, allows Victoria’s Secret to issue rights to shareholders and aims to protect their long-term interests while ensuring that any control changes meet appropriate premium criteria.
Source: YAHOO
Reported 2 days ago
Zelestra与Sungrow达成合作协议，标志着拉丁美洲最大电池储能系统(BESS)之一的里程碑。这项合作旨在提升智利塔拉帕卡的Aurora混合项目，Sungrow将提供其先进的PowerTitan 2.0液冷BESS及中压电力转换单元。该BESS项目的储存容量约为1GWh，是Aurora方案的关键组成部分，预计每年将产生约600GWh的可再生电力，满足20万户智利家庭的年度能源需求。
Source: YAHOO
Reported 2 days ago
Source: WSJ
Reported 2 days ago
Chinese electric vehicle manufacturer BYD has launched its affordable Dolphin Surf model in Berlin, marking its 10th vehicle in Europe and putting pressure on local competitors to create budget-friendly electric cars. Priced between 22,990 and 24,990 euros, the Dolphin Surf is aimed at increasing EV accessibility, with discounts available until June. The move comes as BYD expands its European operations, including entering 12 new markets and rapidly increasing sales.
Source: YAHOO
Reported 2 days ago
The Leasing Foundation has announced its new Industry Insights 2025 program aimed at developing and retaining emerging talent in the business and asset finance sector. Starting in Q4 2025, this year-long initiative will include 12 workshops hosted by leading businesses, offering participants insights into different organizations, career paths of senior leaders, and opportunities to expand their professional networks.
Source: YAHOO
Reported 2 days ago
Before the stock market opens on May 21, 2025, U.S. stock futures are pointing lower amidst rising oil prices and geopolitical tensions in the Middle East. Target shares are down after revising its full-year sales outlook, while Lowe's stock rises following positive earnings. Apple will restore 'Fortnite' to its U.S. App Store after a five-year ban due to an antitrust ruling, and Kraft Heinz is exploring strategic transactions to enhance shareholder value.
Source: YAHOO
Reported 2 days ago
North Hudson Resource Partners has successfully closed its fifth non-operated oil and gas fund, Production Partners V, with $344 million in equity commitments, increasing their total assets under management to $1.4 billion. The fund aims to target non-operated acquisitions in the US and Canada, with a range of transaction values and various strategies for partnerships and acquisitions. Managing partner Mark Bisso emphasized the firm's commitment to low-risk investment and expanding relationships within the industry.
Source: YAHOO
Reported 2 days ago
Ascension continues to face financial challenges after reporting a $101.2 million operating loss in Q3 of the 2025 fiscal year, an increase from last year's $82.6 million loss, as it grapples with the aftereffects of a cyberattack. The health system's net income plummeted from a $580.9 million gain to an $81.5 million loss, attributed to decreased investment gains and patient service revenue following divestitures. Despite these losses, Ascension highlighted improvements in operational metrics and emphasized progress in managing expenses and patient volumes since the attack.
Source: YAHOO
Reported 2 days ago
Fintech firm Seeds has raised $10 million in a Series A funding round, bringing its total funding to over $15 million. Led by Portage, this investment aims to accelerate product development and enhance its investment management platform for advisors. The company, founded by financial advisors, seeks to transform client-advisor interactions by linking investment portfolios with financial plans and improving communication. Seeds has also expanded its workforce and rebranded to align with its vision for the future of wealth management.
Source: YAHOO
Reported 2 days ago
Despite strict laws against cryptocurrency in China, companies are increasingly investing in Bitcoin, with significant amounts of mining power still located in the country. Recent investments by companies like Addentax and DDG Enterprise suggest a growing trend that may drive Bitcoin prices higher, as demand outstrips supply. As institutional and corporate adoption rises globally, the limited supply of Bitcoin, capped at 21 million, indicates a bullish outlook for its future value.
Source: YAHOO
Reported 2 days ago
Vans experienced a revenue decline of 22% in the fourth quarter of VF's fiscal year 2025, contributing to an overall drop of 5% in the company's revenue. This decline is attributed to challenging direct-to-consumer sales and a strategic rationalization of channel distribution. Despite these challenges, VF's overall revenue was within the expected range, and plans for revitalizing the Vans brand, including new campaigns and executive changes, are underway.
Source: YAHOO