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Secret Payments Scandal Mars Mining Tycoon’s Rags-to-Riches Story

Chris Ellison’s founder story is one of legend, even among the vast fortunes generated by Australia’s commodities boom. He’s the high school dropout who through hard work and good timing built Mineral Resources Ltd. into one of the country’s largest and most successful diversified miners.

BerGenBio Appoints Olav Hellebø as CEO

Bergen, Norway, November 20, 2024 – BerGenBio ASA (OSE: BGBIO), a clinical-stage biopharmaceutical company developing novel, selective AXL kinase inhibitors for severe unmet medical needs, announced today the appointment of Olav Hellebø as CEO. Mr. Hellebø will assume the position on November 21, 2024. Mr. Hellebø brings three decades of experience in the pharmaceutical and biotechnology industries. Since 2023, he has served as board director in the clinical stage immuno-oncology company Cyt...

Why Dollar General Stock Was Sliding Today

Shares of Dollar General (NYSE: DG) were moving lower today, even though there was no company-specific news out on the discount retailer. Instead, the move seemed to come in response to disappointing results from Target (NYSE: TGT) this morning, which seemed to confirm that Walmart (NYSE: WMT), which reported earnings yesterday, is continuing to gobble up market share from competitors like Target and Dollar General. As of 1:19 p.m. ET, Dollar General stock was down 4.5%. Image source: Getty Ima...

Spectro Cloud schließt Serie-C-Finanzierung in Höhe von 75 Mio. USD unter der Leitung von Growth Equity bei Goldman Sachs Alternatives ab

SAN JOSE, Kalifornien--(BUSINESS WIRE)--Spectro Cloud, ein führender Anbieter von modernem Multi-Cluster-Kubernetes-Management in großem Maßstab in einer Vielzahl von Bereitstellungsumgebungen, einschließlich lokaler Hardware, Single- und Multi-Cloud sowie Edge, gab heute den Abschluss einer Finanzierungsrunde der Serie C in Höhe von 75 Mio. USD bekannt, die von Growth Equity bei Goldman Sachs Alternatives unter Beteiligung bestehender Spectro Cloud-Investoren angeführt wurde. Die Investition e

Why AeroVironment Stock Bounced Back Today

AeroVironment (NASDAQ: AVAV) stock slid nearly 2% Tuesday after the company announced plans to make a $4.1 billion acquisition in the defense industry. The stock is recovering a bit from those losses Wednesday, though, as investors rethink their initial skepticism about the deal. As of 12:55 p.m. ET, the stock is up 3%. AeroVironments big deal AeroVironment stock outperformed the S&P 500 over the past year, rising 49% in price. The stock currently boasts a $5.5 billion market capitalization -- ...

Why Shares of Global-e Online Are Skyrocketing Today

Shares of global direct-to-consumer (DTC) e-commerce specialist Global-e Online (NASDAQ: GLBE) were up 11% as of 1 p.m. ET on Wednesday, according to data provided by S&P Global Market Intelligence. Global-e Online reported third-quarter earnings Wednesday morning and delivered sales growth of 32%, along with an increase of 41% in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). However, what really seems to have prompted the stocks upward trajectory today was ...

Petroleum Geo-Services AS – Exercise of call option for PGEOS01

OSLO, Norway (20 November 2024) – Further to announcement by TGS ASA (“TGS”) on 20 November 2024, TGS subsidiary, Petroleum Geo-Services AS, has today given a conditional notice of exercise of its option to redeem all outstanding bonds under the Petroleum Geo-Services AS 13.50% Senior Secured USD 450,000,000 Bond Issue (PGEOS01) with ISIN NO0012873670 (the "Bonds"). The Bonds will be redeemed at a price equal to 109.5% of the face value for each redeemed Bond, which constitutes the Make-Whole A...

Why Qualcomm (QCOM) Stock Is Down Today

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) fell 6.2% in the morning session after the company announced its plans to diversify from the smartphone market by the end of the decade during its IoT and Automotive Diversification Investor Day event. However, the stocks reaction suggests markets are struggling to digest the short-term hit to revenues as Qualcomm shifts its focus from producing chips for the smartphone market—including big players like Apple. Qualcomm added that Apple could s

Why Qualcomm (QCOM) Stock Is Nosediving

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) fell 6.2% in the morning session after the company announced its plans to diversify from the smartphone market by the end of the decade during its IoT and Automotive Diversification Investor Day event. However, the stocks reaction suggests markets are struggling to digest the short-term hit to revenues as Qualcomm shifts its focus from producing chips for the smartphone market—including big players like Apple. Qualcomm added that Apple could s

The Case for Active Investing in 2025

Joseph Amato of Neuberger Berman discussed the nuanced market outlook heading into 2025 in a recent CIO Weekly Perspectives post.

Why Williams-Sonoma Stock Absolutely Skyrocketed to an All-Time High Today

Shares of home-goods retailer Williams-Sonoma (NYSE: WSM) absolutely skyrocketed on Wednesday after the company reported financial results for the third quarter of 2024. As of noon ET, Williams-Sonoma stock was up 31% and hitting all-time highs. Williams-Sonoma is giving back to shareholders Williams-Sonoma stock is now up 77% so far in 2024 and up 100% over the past year. But its full-year revenue is expected to drop 1.5% to 3% compared with 2023 -- hardly what one would expect for a company wi...

Saidot kündigt Zusammenarbeit mit Microsoft an zur Unterstützung von End-to-End KI-Governance

HELSINKI--(BUSINESS WIRE)--Saidot, ein im Bereich der KI-Governance führendes Unternehmen, hat heute eine Integration mit Microsoft Azure AI angekündigt, um die Governance für Kunden zu verbessern. Die Integration von Saidot mit Azure AI wird Teams bei Governance-Prozessen unterstützen, indem sie eine effiziente bereichsübergreifende Zusammenarbeit bei der KI-Governance zwischen Datenwissenschaftlern, Produktentwicklern, Rechtsabteilungen und Geschäftsteams fördert. Dank des End-to-End-Services

ANALYSE-FLASH: UBS belässt STMicro auf Buy - Ziel 34 Euro

ZÜRICH (dpa-AFX Broker) - Die Schweizer Großbank UBS hat STMicroelectronics auf "Buy" mit einem Kursziel von 34 Euro belassen. Die auf einem Kapitalmarkttag ausgegebenen mittelfristigen Ziele des Halbleiterkonzerns seien glaubwürdig, schrieb Analyst...

Why Target Stock Is Getting Crushed Today

Based on the market reaction, it seems the third quarter couldnt have gone worse for discount retailer Target (NYSE: TGT). And that initial response looks about right. The company missed third-quarter revenue and earnings estimates and slashed its full-year guidance. It was the biggest earnings miss for the company in two years. And the stock got rocked. Shares were holding near session lows down a whopping 21.6% as of 12:40 p.m. ET. But amid all the negativity, there might be room for investor...

Why Target Stock Is Getting Crushed Today

Based on the market reaction, it seems the third quarter couldnt have gone worse for discount retailer Target (NYSE: TGT). The company missed third-quarter revenue and earnings estimates and slashed its full-year guidance. Target stock has been up and down this year and was already badly trailing the S&P 500 index even heading into earnings.

Funding Circle Plc: POS-Transaction in Own Shares -3-

DJ Funding Circle Plc: POS-Transaction in Own Shares Funding Circle Plc (FCH) Funding Circle Plc: POS-Transaction in Own Shares 20-Nov-2024 / 18:19 GMT/BST =---------------------------------------...