German battery maker Varta is in talks with luxury sportscar maker Porsche about a potential investment that could see the carmaker take a stake in the company. Varta is currently exploring two restructuring scenarios that …
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Coinbase Stock Forecast: Needham Sees Short-Term Headwinds, But Remains Bullish Long-Term
Needham & Company analysts are expressing a mixed outlook on Coinbase (COIN) stock, highlighting both short-term challenges and long-term optimism. While acknowledging a strong Q1 performance, the firm believes recent street forecasts for the company …
Continue readingHDFC Bank Beats Q1 Profit Forecasts, Margins Remain Stable
HDFC Bank, India’s largest private lender, reported strong first-quarter results, exceeding analysts’ profit expectations. The bank posted a net profit of 161.75 billion rupees ($1.93 billion), despite a 2% decline from the previous quarter due …
Continue readingBerkshire Hathaway Sells $1.48 Billion Bank of America Shares
Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has sold approximately 33.9 million shares of Bank of America this week, generating roughly $1.48 billion in proceeds. This move follows a series of transactions and …
Continue readingAsian Currencies Weaken on US-China Trade Worries, Dollar Gains
Asian currencies experienced a downturn on Friday as anxieties over escalating trade tensions between the US and China dampened investor sentiment. The US dollar, benefiting from safe-haven demand, saw a rise even as expectations of …
Continue readingDollar Rises on Safe-Haven Demand, Sterling Drops on Weak Retail Sales
The US dollar rose against a basket of currencies on Friday, driven by its safe-haven appeal amidst global uncertainties. The greenback benefited from concerns about worsening US-China relations, uncertainty surrounding the US presidential race, and …
Continue readingOilfield Services Firms Report Mixed Results: SLB Soars on International Strength, Halliburton Faces North American Headwinds
SLB, formerly Schlumberger, and Halliburton, two leading oilfield service providers, reported contrasting second-quarter results, highlighting the diverging trends in global energy markets. SLB, with a dominant international presence, reported strong earnings driven by robust activity …
Continue readingOracle to Pay $115 Million to Settle Privacy Lawsuit
Oracle, a prominent database software and cloud computing company, has reached a settlement agreement in a significant privacy lawsuit. The company will pay $115 million to resolve allegations that it violated privacy laws by collecting …
Continue readingBitcoin Price Soars After Trump Assassination Attempt, But Experts Warn of Overvaluation
Bitcoin’s price has surged by about 9% since a reported assassination attempt on former President Donald Trump, reaching approximately $64,000. While momentum is growing, the price movement is sparking debate, with some skeptics believing the …
Continue readingChina Lithium Prices Surge on Chile Earthquake, But Demand Concerns Remain
China’s lithium prices jumped on Friday after a powerful earthquake struck Chile’s major lithium-producing region, but persistent demand concerns weighed on the metal used in electric vehicle batteries. The most-traded November lithium carbonate futures on …
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