Author: Bruno T
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Fed Should Keep Interest Rates Unchanged And Leave The Door Open For Hikes Later This Year
The Federal Reserve is expected to keep US interest rates unchanged in Wednesday’s decision, according to the Refinitiv consensus, and leave the way open for a rise in Fed Funds later this year, after recent indicators point to the acceleration of consumer inflation in the United States. United. The Federal Open Market Committee (FOMC) begins…
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Arm Soars On Debut On Nasdaq And Reaches Market Capitalization Of $60 billion
Arm Holdings (NASDAQ:ARM) shares rose to an intraday high of up to US$61.99 in their debut this Thursday on the Nasdaq, an increase of more than 21% when considering the Initial Public Offering (IPO) of $51.00, valuing the company around US$60 billion on the stock market. At around 1:20 pm, the company’s shares rose to…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Investors await the release of fresh economic data on Thursday, as Wall Street considers how a faster-than-anticipated measure of consumer price gains may impact future Federal Reserve policy. Elsewhere, debate swirls around the European Central Bank’s own crucial interest rate decision later today, while British semiconductor designer Arm prices its hotly-anticipated initial public offering at…
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Tesla Revolutionizes Car Manufacturing with Quiet Breakthrough; Musk Issues New Warning on AI Risks and Calls for a “Regulatory Framework”
Tesla (NASDAQ:TSLA) has combined a series of innovations to make a technological breakthrough that could transform how it manufactures electric vehicles and help Elon Musk achieve his goal of cutting production costs in half, according to five people familiar with the matter. The company pioneered the use of massive presses with 6,000 to 9,000 tons…
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Berkshire Sells Some HP Shares After Acquiring Large Stake Last Year
Warren Buffett’s Berkshire Hathaway said on Wednesday that it has sold about 5.5 million shares of HP (NYSE:HP), unwinding part of what has been a large and unsuccessful investment in the personal computer and printer manufacturer. Berkshire (NYSE:BRK.B) sold the shares this week for approximately $158 million, reducing its stake in HP to about $3.27…
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Arm Debuts Today On Nasdaq Valued At US$54.5 billion In The Biggest IPO Of The Year
The chip designer Arm will begin trading on Thursday, September 14th, on the Nasdaq stock exchange in New York under the code (NASDAQ:ARM), following a highly successful stock offering that secured a valuation of $54.5 billion, at the top of its target range. This represents a good outcome for Japanese owner SoftBank. Last year, the…
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Keep An Eye Out: Pre-Market Movers And Recommendations
3M (NYSE:MMM): Melius Research maintains its hold recommendation with a reduced target price of $158. Adobe (NASDAQ:ADBE): RBC Capital maintains its outperform rating with a raised target price of $615. Air Products & Chemicals (NYSE:APD): Alembic Global Advisors maintains its overweight recommendation with a target price raised from $350 to $355. Block (NYSE:SQ): Baird downgrades…
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Subscription Requests For Arm’s IPO Exceed The Offer By 10 times
The subscription to Arm Holdings Ltd’s initial public offering (IPO) has already exceeded the offering by 10 times, and the banks responsible for the operation plan to close the order book on Tuesday afternoon, a day earlier than planned, according to people familiar with the matter. Arm, controlled by SoftBank Group Corp, will close its…
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America vs. Google: A Historic Trial for Monopolistic Practices in Online Searches
A historic trial begins today (12) in which the U.S. government accuses Google (NASDAQ:GOOG) of monopolistic practices in its search system. The United States will argue on Tuesday that Google did not play by the rules in its efforts to dominate online searches, as a trial seen as a battle for the soul of the…
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Amazon’s Inaugural Foray into Direct Air Capture Climate Technology: A Game-Changer in Emissions Reduction
Amazon.com (NASDAQ:AMZN), the e-commerce behemoth, has taken its inaugural step into direct air capture (DAC) technology, a process that removes emissions from the atmosphere. The company announced its commitment to purchase 250,000 tons of removal credits over the span of a decade, according to a statement released on Tuesday. These credits will be procured from…