S&P Global Downgrades Ratings on U.S. Banks
August 22, 2023
Drilling Commences at Leonora South
May 12, 2025
Switch Eyes $11-Billion Deal With DigitalBridge to Go Private
Datacenter operator Switch Inc. has agreed to go private in an $11-billion deal with Digital Bridge Group Inc., the firm announced in a statement. Under the agreement, DigitalBridge Group Inc.’s...
Read morePhilip Morris Eyes Acquisition of Swedish Match in $16.0-Billion Deal
Philip Morris International Inc.’s Dutch affiliate plans to acquire nicotine pouch maker Swedish Match AB in a $16.0 billion deal, the company announced in a statement. Philip Morris Holland Holdings...
Read moreNintendo Unexpectedly Announced 10-for-1 Stock Split to Attract Retail Investors
Nintendo announces a 10-for-one stock split to address long-time investor concerns to enhance corporate governance at games maker, according to a report by FT on Tuesday. The unexpected move will...
Read moreTiger Global’s Hedge Fund Posts $17B in Losses in Tech Stock Crash
Tiger Global has suffered losses of $17B during this year’s tech stock sell-off, marking the biggest dollar losses for the hedge fund in history, according to a report by FT...
Read moreNovavax Reports First-Ever Quarterly Profit, but Misses Estimates
Novavax posted a decline in Q1 COVID-19 research funding, noting it shipped less than a fourth of the total vaccine deliveries for 2022, according to a report by Novavax on...
Read moreMicroStrategy Nosedives Nearly 20% as Bitcoin’s Bear Market Persists
McroStrategy plunged 20% to its lowest level since 2020 as the stock price continues to follow the downward trend of Bitcoin, according to a report by Markets Insider on Monday....
Read morePalantir Stock Tumble 16% After Profit Miss in Q1, Dim Revenue Forecast
Palantir Technologies Inc shares plunge 16% after projecting lower-than-expected Q2 revenue, signaling slower sales growth, according to a news release by Palantir on Monday. Palantir posted first-quarter revenue of $446.4M,...
Read moreUber Shares Fall Nearly 3% on Report to Cut Costs and Slow Hiring
Uber Technologies Stock fell 3% after a report that the ride-sharing giant will cut spending on marketing and incentives and slow hiring, according to a report by CNBC on Monday....
Read moreBrazil’s Vale Signs Long-Term Deal to Supply Tesla with Nickel
Brazilian miner Vale SA signs a long-term contract with Tesla Inc to supply the US-based EV giant with nickel from its Canada operations, according to a press release by Vale...
Read moreZillow Group Surpasses Q1 Estimates as Analysts Worry About Volatile Housing Market
Zillow Group’s Q1 revenue and earnings beat estimates, but unpredictable housing market trends are raising concerns, according to a news release by Zillow Group on Thursday. The Seattle online retail...
Read moreVirgin Galactic Commercial Flight Launch Pushed Back to 2023
American spaceflight firm Virgin Galactic has delayed the rollout of its commercial flights even as it posted a narrower net loss in the first quarter of the year, according to...
Read morePeloton Pursues Potential Minority Stake’s Buyers to Bolster its Business
Peloton Interactive Inc. is seeking to sell a sizable minority holding in a push to shore up its business, according to a report by The Wall Street Journal on Thursday....
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