Category: Stocks
-
Goldman Sachs BDC Receives Rating on $400 Million Debt Issuance
Goldman Sachs BDC, Inc. (GSBD), benefiting from its association with Goldman Sachs and its substantial $2.5 trillion Assets Under Supervision, has garnered attention for its strong market position. The support…
-
Reddit Targets $6.5 Billion Valuation for IPO, Down from Prior Estimates
Reddit, the popular online discussion platform, is aiming for a valuation of up to $6.5 billion in its upcoming initial public offering (IPO)
-
AT&T to Compensate Customers with $5 After Massive Outage
AT&T announced it will be crediting $5 to the accounts of customers hit by the hours-long network outage. This gesture, however, will be limited to certain customer segments, excluding AT&T Business, prepaid, and Cricket users, the company’s budget-friendly wireless option.
-
Broadcom Close to Sealing $3.8 Billion Deal with KKR for Desktop Access Business
In a strategic move that underscores Broadcom’s ambition to streamline its operations, the semiconductor giant is on the cusp of finalizing a sale worth approximately $3.8 billion. The deal will…
-
Biden Administration Escalates Pressure on China’s SMIC with Import Restrictions
The Biden administration has intensified its scrutiny of China’s top sanctioned chipmaker, Semiconductor Manufacturing International Corp (SMIC), by cutting off its most advanced factory from further American imports. This move…
-
SEC Orders UBS Financial Services Inc. to Transfer Remaining Funds and Terminates Fair Fund
The Securities and Exchange Commission (SEC) has issued an order authorizing UBS Financial Services Inc. to transfer the remaining funds of $20,487.50, which are infeasible to return to investors, to…
-
Super Micro Computer Plans $1.5 Billion Convertible Note Offering
Super Micro Computer, Inc. (NASDAQ: SMCI), a major player in IT solutions for AI, cloud, storage, and 5G/Edge, has announced its intention to offer $1.5 billion in convertible senior notes…
-
Nvidia Q4 Revenue Soars 360% YoY Amid AI Chip Demand
Nvidia Corp. has reported stellar results for its latest quarter, surpassing market expectations as its revenue more than tripled from the previous year. The company’s revenue for the fiscal fourth…
-
Audacy Receives Court Approval to Emerge from Bankruptcy
Audacy, Inc. (OTC: AUDA), a prominent player in the radio broadcasting and podcasting industry, has announced a significant development in its restructuring process. The United States Bankruptcy Court for the…
-
SEC Charges Andrew M. Komarow for Securities Trading Scheme
The Securities and Exchange Commission (SEC) has initiated administrative proceedings against Andrew M. Komarow for his involvement in a securities trading scheme. Komarow, a resident of Avon, Connecticut, was a…
-
SEC Hits Christian Fernandez with Cease-and-Desist for Deceptive Practice
The Securities and Exchange Commission (SEC) has initiated cease-and-desist proceedings against Christian Fernandez, also known as Christian Crockwell, for his involvement in a scheme to deceive investors. The scheme involved…
-
Capital One to Acquire Discover Financial Services in $35 Billion All-Stock Deal
Capital One Financial Corp. has sealed a $35 billion all-stock agreement to acquire Discover Financial Services, paving the way for the formation of the largest credit card company in the…
-
Founder of Daiso, Japan’s 100-Yen Shop, Hirotake Yano, Dies at 80
Hirotake Yano, the visionary behind Japan’s beloved 100-yen shop chain Daiso, comparable to the dollar store in the United States, passed away at the age of 80. Yano succumbed to…
-
Accenture to Acquire GemSeek: Boosting Customer Analytics Portfolio
Accenture, traded as ACN on NYSE, is set to acquire GemSeek, a major player in customer experience analytics. GemSeek helps global businesses understand customer behavior through insights, analytics, and AI…
-
Microsoft Pledges $2.1 Billion to Boost AI and Cloud Services in Spain
Microsoft is set to significantly enhance its artificial intelligence (AI) and cloud infrastructure in Spain with a hefty $2.1 billion investment over the next two years. This announcement was made…
-
JPMorgan Fined $350 Million for Incomplete Trade Reporting
JPMorgan Chase & Co has agreed to shell out around $350 million in civil penalties to settle issues with regulators over its reporting of trading data. The financial giant disclosed…
-
Musk to Appeal Judge’s Decision on SEC Testimony Demand in Twitter Takeover Case
Elon Musk is gearing up for a legal showdown, seeking a U.S. District Court’s intervention to review a magistrate judge’s directive that compels him to testify in the Securities and…
-
OpenAI Valuation Skyrockets to $80 Billion, Employees Cash Out in New Deal
OpenAI, the AI powerhouse behind innovations like ChatGPT, has recently completed a significant deal, catapulting its valuation to $80 billion, according to the New York Times. This development, backed by…
-
Meta Announces Extra Charges for iOS Ad Due to Apple’s Fees
Meta Platforms has just rolled out a new policy that will see businesses shelling out an additional 30% service charge for boosting their posts on Facebook and Instagram, but only…
-
Trump’s Social Media Venture Valued at $10 Billion in Merger, Eyeing Stock Market Listing
Donald Trump’s media company, behind the social media app Truth Social, is gearing up for a stock market listing through a merger with a special purpose acquisition company (SPAC), Digital…
Follow Us
Recent Posts
-
Circle Becomes First Stablecoin Issuer to Meet New Canadian Regulations
-
Retail Prop Trading Firms Struggle: Ascetic Capital & Smart Prop Trader Shut Down
-
EBC Financial CEO Highlights Offshore Brokerage Trends and Risks in Retail Trading
-
Cambodia Blocks 16 Crypto Exchange Websites, Including Binance and Coinbase
-
SEC Charges Kiromic BioPharma and Two Former Executives Over Misleading Investors