S_Z Apple, Inc. (NASDAQ:AAPL) was largely able to quell market fears into the end of last week, as the iPhone producer released a quarterly earnings report that slightly beat prior estimates (both in terms of income and revenue) and announced the largest share buyback program in the company’s history. But while these results technically fall…
Ingenious Buddy Three IPOs debuted this past week. Three IPOs and one SPAC submitted initial filings this week. Product assessment services provider UL Solutions (ULS) priced its upsized IPO above the midpoint to raise $946 million at a $5.7 billion market cap. UL Solutions provides testing, inspection, and certification (TIC) services and related software and…
MarsBars Income stocks remain overlooked by the overall market, and that can be a great thing for value investors looking to layer in more capital to generate a solid recurring stream of income. Real estate investment trusts, or REITs, remain a great place for meaningful income generation. It’s no secret that manufactured housing is an…
Douglas Rissing Investment thesis: The market is currently pricing in Federal Reserve interest rate cuts, with expectations recently boosted by its latest signals. The S&P 500 Index (SP500) is trading at a P/E rate of about 28, whereas historically it has been averaging about 16, which is arguably an indication of rate-cut expectations being baked…
MicroStrategy® Incorporated (Nasdaq: MSTR) has revealed plans to raise $500 million to buy more bitcoin through a private offering of convertible senior notes due 2031. The offering, subject to market conditions, targets qualified institutional buyers under Rule 144A of the Securities Act of 1933. BREAKING: MicroStrategy to raise $500 million to buy more #Bitcoin pic.twitter.com/EU19xmKB2x…
MicroStrategy Incorporated (Nasdaq: MSTR) has announced its plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The offering is subject to market conditions and other factors, with the potential to increase by an additional $90 million. JUST IN: MicroStrategy to raise $600…
SOPA Images/LightRocket via Getty Images Here’s something interesting. UBS just published a bullish note on Nvidia Corporation (NASDAQ:NVDA), on which it increased both NVDA’s earnings estimates and price target, to $850. Yet, at the same time, it’s easy to argue that this note ought to raise investors’ alarms. This is so because something within the…
SOPA Images/LightRocket via Getty Images Last year was a tough one for Ørsted A/S (OTCPK:DNNGY), which saw massive impairments of roughly $4 billion on its Ocean Wind United States projects. This was the result of a decision to cancel them, due to several factors including high inflation, rising interest rates, and supply chain issues that…
In a move to catalyze the growth within the Bitcoin ecosystem, Ego Death Capital announces the launch of a new funding round, Fund II, aiming to raise $100 million. Founded in 2021, the venture capital firm, led by Jeff Booth, Andi Pitt, Nico Lechuga, with advisory support from Preston Pysh, Lyn Alden, and Pablo Fernandez,…
martin-dm/E+ via Getty Images A Quick Take On Fractyl Health, Inc. Fractyl Health, Inc. (GUTS) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm is developing treatments for Type 2 Diabetes and for obesity. Its lead procedural approach is already approved in…
Blockstream, a global leader in Bitcoin infrastructure, has announced the Series 2 launch for its Bitcoin-denominated investment vehicle, the Blockstream ASIC (BASIC) Note, according to a press release sent to Bitcoin Magazine. This follows the success of Series 1, which witnessed investor demand exceeding expectations. The Series 1 phase, initiated in September 2023, saw Blockstream allocate a…
xAI, the Nevada-based tech company, has so far raised $134 million in its bid to achieve $1 billion to further improve AI tools used by GROK. In a bid to grow its market share and infrastructure, Elon Musk-backed xAI Corp. has filed with the United States Securities and Exchange Commission (SEC) to raise an extra…
J. Michael Jones We have had a hold rating on Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) stock after converting trading gains into a long-term house position. The stock has moved mostly sideways since that call. We think a Hold rating is still appropriate given the growth and valuation mix here. The stock has been good…
With a valuation of $2 billion within its first year, Mistral’s rapid ascent reflects the tech industry’s unwavering optimism regarding the future potential and profitability of AI businesses. Mistral AI, a formidable competitor to OpenAI, is in the final stages of securing approximately €450 million ($487 million) in a funding round. Notable investors, including Nvidia…
What has surprised many observers closely monitoring these illicit activities is the recurring association of these hacks with platforms connected to Justin Sun. The cryptocurrency trading platform HTX, formerly known as Huobi, which has ties to industry entrepreneur Justin Sun, regained functionality this week following a security breach resulting in an estimated $30 million loss….
Taproot Wizards, a Bitcoin Ordinals project focused on advancing Bitcoin’s capabilities, has secured $7.5 million in funding to assemble a team of top tier developers to build on Bitcoin. The investment round was led by Standard Crypto, with Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital participating in the raise as well….
Andreessen Horowitz, to date, is arguably one of the most prolific investors in the blockchain space. Andreessen Horowitz (a16z) is reportedly planning to raise a $3.4 billion fund that will be designated for early-stage and seed-stage crypto businesses. The development was shared by Axios, which also cited other sources. According to Axios, a16z, the Silicon…
gorodenkoff People would rather live in a community with unreasonable claims, than face loneliness with their truth”― Bangambiki Habyarimana Today, we put Applied Therapeutics, Inc. (NASDAQ:APLT) in the spotlight for the first time. The company is on the cusp of filing its first marketing application to the FDA. The stock is also up some 300%…
The group is suggesting a coordinated international push to tax billionaires. As governments of the world continue to tackle tax evasion, a new study has hinted at what might be their next line of action. This follows after an EU Tax Observatory group said that a global minimum tax on billionaires could help raise $250…
Joe Raedle Early this year, I published a detailed bearish article regarding Beyond Meat (NASDAQ:BYND) and my view that it would be unlikely to survive. Since then, BYND has lost an additional 60% of its value, falling from $17.3 to $6.8 today, while its short interest rises to a staggering 41%. With such high short…
ChargePoint stock comes under severe selling pressure as the company liquidates equity for another major fundraise. On Wednesday, October 11, EV charging network operator ChargePoint Holdings (NYSE: CHPT) announced its plans to raise a staggering $232 million through the stock sale. This was enough to send the ChargePoint stock spiraling downwards by 15%. ChargePoint announced that…
The police confirm that all 11 victims, so far, have reported combined losses to the excess of $446,000. The Hong Kong police force has cautioned about a new phishing scam technique that bad actors are using to target Binance users in the region. According to a Monday post, no less than 11 users of the…
Nastassia Samal Hiring picked up sharply in September, reversing signs of a cooling labor market. In September, the economy added 336,000 nonfarm payroll jobs, above the average gain of 267,000 over the previous 12 months. These payroll gains were nearly double consensus expectations of 170,000 new jobs. The unemployment rate held steady at 3.8% in…
Colombian banker and real estate developer Jaime Gilinski Bacal pumped £102 million making him the dorman stakeholder with 53% stake. During the early trading hours on Monday, October 9, shares of Metro Bank Holdings (LON: MTRO) jumped by a staggering 26%. At press time, the MTRO stock is trading at 52.60 GBX. Metro Bank Shares…
The preliminary estimates for the third quarter revealed that Rivian has cash and cash equivalent of about $9.1 billion as of September 30. Rivian Automotive Inc (NASDAQ: RIVN) shares closed Thursday trading at $18.27, down 22.88 percent from the day’s opening price after the company reported high-impact news in the past few days. On October…
With the massive fundraise, Anthropic will focus on making significant developments on Claude Next and increase spending to boost its AI model. A week after raising $1.25 billion from tech giant Amazon, OpenAI rival firm Anthropic has tapped Google and others to raise an additional $2 billion in fresh funding. Google had already picked up…
Bastion plans to use the funds to scale its operations, attract top engineering talent, and secure additional licensing to diversify its product offerings. Bastion, a newly launched Web3 startup co-founded by two former executives from Andreessen Horowitz‘s digital assets venture division a16z Crypto, has secured $25 million in a seed funding round despite recent challenges…
RyanKing999 By James Smith, Developed Markets Economist and Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE We’re expecting one final rate hike from the Bank of England this week with wage growth and inflation both proving stubborn. But recent comments show the Bank is laying the ground for…
Spencer Platt Income investors often jump at the opportunity to buy tobacco companies for their attractive dividend yields, but in the case of Philip Morris International (NYSE:PM), I believe investors are overpaying for the privilege of securing a 5.5% dividend yield. Although Philip Morris just raised its dividend by 2.4% to an annualized rate of…
As a publicly traded company, Instacart will need to navigate fierce competitions. Instacart, the popular on-demand grocery delivery and pickup service has submitted an updated filing for its upcoming Initial Public Offering (IPO), revealing its ambition to raise up to $616 million in fresh capital alongside existing shareholders. Instacart IPO: Pricing Strategy In its updated…
Arx0nt Like so many small cap stocks, Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has had a rough August 2023. Month to date, through August 21, 2023, the Russell 2000 (IWM) is down 147 points, which translates to a sharp 7.3% decline. August is traditionally a lower volume month and a time for summer vacations. This…