[ad_1] According to multiple media reports, U.S. President Joe Biden will announce today (Jan. 3) that he’s blocking Nippon Steel’s $15 billion U.S. acquisition of U.S. Steel (X). The decision on whether to let the takeover of U.S. Steel proceed was referred to Biden on Dec. 23 after the…
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[ad_1] Although momentum traders are riding on the potential artificial intelligence sector through speculation, investors should watch the mega capitalization firms instead. Day traders sent quantum computing firm Rigetti Computing (RGTI) shares higher. Conversely, Faraday Future (FFIE) added “ai” to its name, sending the stock up by 51.85%. Neither quantum computing firms nor…
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[ad_1] Notorious short seller Hindenburg Research has targeted online used car retailer Carvana (CVNA), calling the company’s turnaround strategy a “mirage.” The report by Hindenburg Research, which has shorted Carvana stock, claims the company is engaged in accounting manipulation. Titled “Carvana: A Father-Son Accounting Grift For The Ages,” the report focuses on…
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[ad_1] Canadian media and technology company Thomson Reuters (TRI) has acquired U.S. tax and accounting software firm SafeSend for $600 million ($417 million U.S.). Based in Michigan, SafeSend has 235 employees and creates tools that make professional tax preparation quicker and more efficient. Thomson Reuters said that it intends to continue offering SafeSend…
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[ad_1] Despite a raging bull market in the U.S., the largest hedge funds in the world failed to beat the returns of the benchmark S&P 500 index in 2024. The S&P 500 rose 23% last year, the second consecutive year in which the benchmark index gained more than 20%. Yet despite…
[ad_1] Eli Lilly (NYSE:LLY) has asked to join in opposing a lawsuit brought by compounding pharmacies against the U.S. Food and Drug Administration over the agency’s decision that Lilly’s blockbuster weight-loss and diabetes drugs are no longer in short supply. In a motion filed in Fort Worth, Texas federal court late on Wednesday,…
[ad_1] Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter and full-year ending December 31, 2024. The company produced 12,727 vehicles at its manufacturing facility in Normal, Illinois and delivered 14,183 vehicles during the same period. On a full-year 2024 basis, the company produced 49,476 vehicles and delivered…
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[ad_1] Verizon (NYSE:VZ) is transforming stadiums and venues across all 30 NFL markets into a nationwide FanFest unlike any other. Fans will enjoy free celebrations on Super Bowl LIX Sunday with food and beverages from locally-owned small businesses, meet and greets with local football heroes, live local music acts, interactive games and unique…
[ad_1] IceCure Medical Ltd. (NASDAQ: ICCM) watched its shares make marginal gains Friday. The Israeli-based developer of minimally-invasive cryoablation technology that destroys tumors by freezing as an alternative to surgical tumor removal, today announced it has received an Intention to Grant Notice from the European Patent Office for its invention titled “Cryogenic System…
[ad_1] SiteOne® Landscape Supply, Inc. (NYSE: SITE) shares declined Friday, on word that its majority-owned joint venture, Devil Mountain Wholesale Nursery, has acquired Pacific Nurseries, a wholesale distributor of nursery products with one location in Colma, California, part of the San Francisco Bay area market. “With this addition, Devil Mountain President Drew McMillan…
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