ADVFN US – Market Content Editor
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Bitcoin Nears Record High as U.S. Senate Advances Genius Act on Stablecoins
Bitcoin is making headlines again as its price climbed to $107,960, marking a four-month high and placing it within reach of its previous all-time peak of $109,288 set in January. This latest surge comes amid renewed optimism fueled by the U.S. Senate’s approval of the Genius Act, a significant legislative step aimed at regulating stablecoins,…
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Breaking News: Bloomberg Terminals Reported To Be Down
Reports are coming in from traders that Bloomberg terminals are not working this morning. Traders have taken to social media to complain about the outage. Users reported that their Terminal screens had gone blank. No data is showing, but the Terminal’s IB messaging function is still working. The company said on Bloomberg Television that the…
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U.S. Stocks Give Back Ground Following Recent Strength
After recovering from an early slump to end the previous session slightly higher, stocks moved back to the downside during trading on Tuesday. The major averages all moved to the downside, although selling pressure remained somewhat subdued. The major averages climbed well off their worst levels going into the end of the day remained in…
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QXO Sets Sights on $50 Billion Revenue Goal, Doubling Beacon’s EBITDA
QXO Inc. (NYSE:QXO), fresh off its $11 billion acquisition of Beacon Roofing Supply (NASDAQ:BECN), has unveiled an aggressive long-term growth strategy aimed at transforming the building products distribution sector. At an investor event in New York, Chairman and CEO Brad Jacobs outlined a vision to scale QXO into a $50 billion annual revenue enterprise over…
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Cardinal Health Hits Record High of $155 as Investors Embrace Strong Growth
Shares of Cardinal Health Inc. (NYSE:CAH) surged to a new all-time high of $155, capping a year of significant momentum for the healthcare services provider. With a market valuation now nearing $37 billion and trailing 12-month EBITDA of $3.2 billion, the company’s stock has climbed an impressive 61.18% over the past year, reflecting growing investor…
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Chewy Shares Hit 52-Week High of $43.90 as Investor Optimism Grows
Chewy Inc. (NYSE:CHWY) has surged to a new 52-week high, with its stock price reaching $43.90 amid renewed investor enthusiasm and strong market performance. The online pet products retailer has seen its market capitalization swell to $18.1 billion, buoyed by annual revenues of $11.9 billion. Trading at a price-to-earnings ratio of 46.6, Chewy’s valuation reflects…
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Rubrik Stock Hits Record $87.68 Amid Rapid Expansion in Data Security Market
Rubrik Inc. (NYSE:RBRK) surged to a new all-time high of $87.68, capping off a year of strong performance and robust revenue growth in the data management and cybersecurity space. The company now holds a market capitalization of $16.77 billion and has seen its stock price climb an impressive 146.16% over the past 12 months. Driven…
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Levi Strauss to Divest Dockers Brand to Authentic Brands Group in Deal Worth Up to $391 Million
Levi Strauss & Co. (NYSE:LEVI) is selling its Dockers brand to Authentic Brands Group for an upfront payment of $311 million, with the potential for the deal’s total value to reach $391 million, depending on future performance metrics tied to an $80 million earnout. This move marks a significant step in Levi’s broader strategy to…
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Archer Aviation Under Fire from Culper Research Over Alleged Misleading eVTOL Claims
Archer Aviation (NYSE:ACHR) is under increased scrutiny following a report by short-seller Culper Research, which accuses the electric vertical takeoff and landing (eVTOL) aircraft developer of exaggerating its technological progress and misleading investors regarding its Midnight aircraft. Culper Research, which disclosed a short position in Archer, alleges that the company has repeatedly overstated the development…
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Evercore Upgrades Hewlett Packard Enterprise, Sees Multiple Routes to Upside
Hewlett Packard Enterprise (NYSE:HPE) received a boost from Evercore on Tuesday as the firm upgraded the stock to Outperform from In Line, highlighting what it described as a compelling risk-reward setup with several potential catalysts for growth. Evercore also raised its price target for HPE shares from $17 to $22, arguing that downside risk appears…