Category: News
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Photonic quantum computer co Quantum Source raises $50m
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Israeli startup Source of quantityQuantum Source, a company developing technologies for practical photonic quantum computers, today announced that it has raised $50 million in a Series A funding round. The round was led by Eclipse, with participation from Standard Investments, Level VC, and Canon Equity, as well as existing investors…
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Forexlive European FX news wrap 10 September – Mixed but overall positive UK jobs data
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Melius sees Apple stock rising on new AI-driven Visual Intelligence features By Investing.com
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On Tuesday, Melius maintained a strong stance on Apple Inc. (NASDAQ:AAPL) stock, reaffirming a Buy rating and a $265.00 price target. The company’s positive outlook is largely due to the expected features in the upcoming iOS 18 operating system, which is expected to be released later this year. These features…
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Jabil plans to set up electronics manufacturing unit in Tiruchirapalli, creating 5K jobs
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JHVEPhoto/iStock Editorial via Getty Images ByblosNew York Stock Exchange: JBL) Signed an MoU with the Government of Tamil Nadu to expand operations in Tiruchirappalli, India, at an investment of Rs. 2,000 crore. The agreement, signed in Chicago, aims to establish Jabil as a major manufacturing hub in India, complementing its…
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Detained China banker’s wealth drops $750M amid Beijing crackdown
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In the boom years when China produced billionaires Every two daysBanking money maker Bao Fan almost achieved this feat himself. His skill in advising tech giants like Alibaba Group Holding Ltd. has made him one of the country’s most sought-after financiers, helping him amass a fortune worth more than $800…
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Investors in EABL Uganda unit eye major windfall in buyout
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Minority shareholders in Uganda’s EABL subsidiary Uganda Breweries Limited (UBL) are set to receive a windfall of up to 34 times their historical investment in the company when they sell their 1.81 percent stake to EABL through a tender that opened a week ago. Files in EABL’s 2024 annual report…
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Labour finalising £500m rescue for Tata Steel’s Port Talbot plant
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The UK government is close to completing a £500m bailout for Tata Steel’s Port Talbot plant, after its blast furnaces were shut. The financing agreement, initially developed under the previous government, aims to help Tata Steel shift to a more environmentally friendly production method by building an electric arc furnace…
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NFL-Police footage shows officers forcing Dolphins’ Hill to ground during traffic stop By Reuters
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Written by Rory Carroll (Reuters) – New video emerged on Monday showing police officers forcibly removing Miami Dolphins player Tyreek Hill from his car and throwing him to the ground during a heavy traffic stop before the team’s first home game on Sunday. The Miami-Dade Police Department said it will…
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1 No-Brainer Cathie Wood Fintech Stock to Buy Hand Over Fist Right Now for Just $7
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Two weeks ago, Wall Street and individual investors alike held their breath as Federal Reserve Federal Reserve Chairman Jerome Powell took to the stage at the economic symposium in Jackson Hole, Wyoming. While the investment community listened to Powell’s every word, his remark seemed to resonate well: “It’s time to…
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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Norfolk Southern CEO under investigation for alleged relationship with employee
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Norfolk Southern CEO Alan Shaw The railway company confirmed on Monday that it is under investigation for possible ethical misconduct. A spokeswoman for the Atlanta-based railroad, one of the six largest in North America, declined to provide any additional details about the nature of the allegations against Shaw, who worked…
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Old Mutual disowns Sh3.9bn buildings in shareholder row
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The Old Mutual Holdings shareholder battle has put the spotlight on the ownership of three properties worth a combined Sh3.9 billion after the insurer distanced itself from the assets. On August 22, billionaire businessman Joel Kibby, who owns 1.54 million shares in Old Mutual, obtained a court order preventing the…
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Britain’s exporters lack expertise, survey reveals
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UK exporters appear to be increasingly ill-prepared to take advantage of international opportunities, according to the latest annual research commissioned by the Department for Business and Trade. The survey of 3,000 businesses with revenues of more than £500,000 found that just 18% considered themselves export experts last year, down from…
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Mobileye to shut down lidar R&D hitting 100 jobs
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Israeli company Mobily International Company MBLY (Nasdaq: MBLY) announced that it has halted internal development of a new generation of frequency-modulated continuous wave (FMCW) sensors for use in highly autonomous and automated driving systems. The company said the move is part of its regular review of its long-term technology strategy.…
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Hanover Bancorp stock hits 52-week high at $19.1 By Investing.com
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Hanover Bancorp Inc. (HNVR) stock hit a new 52-week high during this trading session, touching the $19.1 mark. This peak comes amidst a challenging year for the bank, which has seen its stock see a rollercoaster ride over the past 12 months. Despite the recent surge, Hanover Bancorp stock has…
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Palantir Is Soaring Today and Heading to the S&P 500 — Time to Buy the AI Stock?
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Palantir (NYSE: PLTR) The stock made big gains again in Monday trading. The company’s stock price was up 11.7% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. Palantir shares rise on news that the company’s shares will be added to Standard & Poor’s 500 Companies…
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PNC Financial stock rises after CEO comments on Q3 NII guidance (NYSE:PNC)
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sharrocks/iStock Not published via Getty Images PNC Financial Services Group (NYSE:PNC) Stock I got 3% In afternoon trading Monday, Chairman and Chief Executive William S. Demchak projected the bank would generate net interest income in the third quarter at the high end of the 1% to 2% growth target it…
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Starboard proposes that News Corp eliminates dual-class shares By Reuters
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(Reuters) – Hedge fund Starboard Value confirmed on Monday it has filed a request with shareholders to scrap the dual shareholding structure that allows Rupert Murdoch to control News Corp (NASDAQ: ), publisher of The Wall Street Journal. Starboard announced its move just days after Reuters exclusively reported that it…