MicroStrategy, a software firm renowned for its significant Bitcoin holdings, has announced a 10-for-1 stock split for both its Class A and Class B common stock. The decision, approved by the company’s board of directors, …
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Canada Approves Glencore’s $6.93 Billion Takeover of Teck Coal Unit with Strict Conditions
The Canadian government has approved Glencore’s $6.93 billion acquisition of Teck Resources’ steelmaking coal unit, with stringent conditions to protect jobs and Canadian interests. Industry Minister François-Philippe Champagne announced the approval on Thursday, emphasizing the …
Continue readingGlobal Stocks Surge on Strong US Jobs Data, UK Labour Wins Landslide Victory
Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
Continue readingEmcure Pharma’s IPO Draws $11 Billion in Bids, Underscoring Strong Investor Confidence in India’s Generics Market
Emcure Pharmaceuticals, a leading Indian generics manufacturer backed by Bain Capital, has witnessed an overwhelming response to its initial public offering (IPO). The IPO, which aimed to raise $234 million, saw bids worth a staggering …
Continue readingAI Stock Frenzy: Nvidia Downgraded, Pure Storage Slumps, Dell Gets a Boost
The AI sector is witnessing a rollercoaster of stock activity as analysts assess the impact of the burgeoning technology on various companies. Nvidia, the leading GPU maker, received a downgrade from New Street Research, citing …
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