Category: Shares
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FTX Offloads Remaining Anthropic Shares In $450 Million Sale
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Bankrupt FTX has been involved in several asset divestments over the past year, as it seeks to fully compensate former clients of the now-defunct exchange. In the latest development in the ongoing proceedings, the company has sold the final portion of its shares in artificial intelligence startup Anthropic. FTX earns…
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FTX Offloads Remaining Anthropic Shares In $450 Million Sale
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Bankrupt FTX has been involved in several asset divestments over the past year, as it seeks to fully compensate former clients of the now-defunct exchange. In the latest development in the ongoing proceedings, the company has sold the final portion of its shares in artificial intelligence startup Anthropic. FTX earns…
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Costco Q3 earnings beat all key metrics after shares closed at an all-time high
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Costco (COST) posted another huge quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumer items, where we…
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IWG Founder Sells £68.5m in Shares to Repay Bank Loan
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Mark Dixon, founder and chief executive of IWG, has sold a significant stake in the serviced office company, worth £68.5m, to repay a bank loan. Despite the sale, Dixon (64 years old) still maintains a 25.2% stake in the company. Dixon disposed of 35 million shares at just under 196p…
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IWG Founder Sells £68.5m in Shares to Repay Bank Loan
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Mark Dixon, founder and chief executive of IWG, has sold a significant stake in the serviced office company, worth £68.5m, to repay a bank loan. Despite the sale, Dixon (64 years old) still maintains a 25.2% stake in the company. Dixon disposed of 35 million shares at just under 196p…
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JPMorgan shares their 2024 outlook By Investing.com
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As we head into the second half of 2024, investors are keenly looking to currency movements for indications of how the forex market will shape up over the next few months. In this context, JP Morgan issued its forecasts for the US dollar. The bank’s analysis addresses various economic forces…
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Paytm shares surge, hit 5% upper circuit amid Adani stake speculation By Investing.com
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Investing.com — Shares of Paytm rose sharply during the market open on Wednesday, hitting an upper circuit amid speculation that Gautam Adani, chairman of the Adani Group, was looking to acquire a stake in the fintech company. One 97 communications Ltd (NS:), which owns and operates Paytm, jumped 5% to…
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Mobile Shares Trading to Reach $100B by 2029
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Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion…
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Boeing Shares Decline After CFO Walks Back 2024 Cash-Flow Target
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(Bloomberg) — Boeing Co. scrapped a plan to generate cash again this year and said it would suffer another big influx in the current quarter as the beleaguered planemaker fights on multiple fronts to bring production back into the system and ramp up deliveries. Most read from Bloomberg Brian West,…
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Boeing Shares Decline After CFO Walks Back 2024 Cash-Flow Target
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(Bloomberg) — Boeing Co. scrapped a plan to generate cash again this year and said it would suffer another big influx in the current quarter as the beleaguered planemaker fights on multiple fronts to bring production back into the system and ramp up deliveries. Most read from Bloomberg Brian West,…
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Nvidia shares jump 4% as the AI boom fuels another blockbuster quarter and better-than-expected forecast
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Nvidia Corp, the chipmaker at the center of the AI boom, gave another upbeat sales forecast, showing that spending on AI computing remains strong. The company said on Wednesday that second-quarter revenues will reach about $28 billion. Analysts on average expected $26.8 billion, according to data compiled by Bloomberg. Results…
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OpenAI, News Corp sign content sharing deal; shares surge By Investing.com
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Investing.com — Artificial intelligence major OpenAI and News Corp (NASDAQ:) said Wednesday they have signed an agreement under which OpenAI will be given access to some of the biggest news publications under the media powerhouse. News of the deal saw News Corp shares rise in after-hours trading, with its Class…
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AstraZeneca shares rise as pharma group unveils 2030 revenue target By Investing.com
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Investing.com – UK-listed shares in AstraZeneca (LON:) rose in morning trade on Tuesday after the pharmaceutical giant announced a new revenue target of 2030. In a statement ahead of an investor event touting a “new era of growth,” AstraZeneca said it now expects to achieve total revenues of $80 billion…
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Ryanair’s shares are up 14% since 2020, while low-cost rival easyJet’s are down 72%—what is CEO Michael O’Leary getting right?
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Ryanair is flying high. Europe’s largest low-cost airline reported a 34% rise in after-tax profits to 1.92 billion euros ($2.09 billion) for the 12 months to March 31. Full-year revenues rose 25% to 13.44 billion euros ($14.65 billion). Although the Dublin-based company’s shares fell in morning trading, Ryanair’s shares significantly…
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AMD shares gain on cloud adoption, Citi maintains $176 target By Investing.com
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On Friday, Citi maintained a Buy rating and $176.00 price target on Advanced Micro Devices, Inc. (NASDAQ:). The company’s positive stance comes on the heels of a recent development where Microsoft (NASDAQ:) announced that it will integrate AMD’s MI300 AI chips into its cloud offerings, a move that also includes…
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Reddit Shares Surge Following OpenAI ChatGPT Partnership
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Reddit shares rose more than 10% after announcing a partnership deal with artificial intelligence startup OpenAI. This agreement gives OpenAI access to Reddit content while bringing AI-powered features to the social media platform. This partnership underscores Reddit’s strategic move to diversify its revenue streams beyond traditional advertising. By leveraging artificial…
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Floor & Decor EVP sells shares worth over $124k By Investing.com
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Floor & Decor Holdings, Inc. announced (NYSE:FND) announced a recent transaction by one of its senior executives, according to a new filing with the Securities and Exchange Commission. Stephen Alan Denny, executive vice president of store operations for the company, participated in the stock sale on May 13, 2024. Denny…
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Renaissance Technologies bought GameStop, AMC shares, filing says
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NEW YORK (Reuters) – Hedge fund Renaissance Technologies added a new long position in GameStop and significantly increased its position in AMC Entertainment during the first quarter, putting it in a position to profit from the meme stock mania sweeping the U.S. stock market this week. Renaissance added 1,004,958 shares…
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Sony shares rally 10% as $1.6 bln buyback offsets weak earnings By Investing.com
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Investing.com — Japanese stocks of electronics group Sony Shares of Corp (TYO:) rose sharply on Wednesday after it announced a massive stock buyback and stock split, offsetting weak annual earnings and middling guidance. Sony shares jumped 10% to 13,170.0 yen, the highest level in nearly two months. The stock was…
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Gil Shwed to sell Check Point shares worth $200m
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For a long time, Check Point (Nasdaq: CHKP) CEO Gil Schwed received neither salary (exceeding minimum wage), nor bonus, but only options allocations, at his request. The goal is to create alignment between Schwed’s compensation and the interests of other shareholders. If the stock price rises, both sides benefit. An…