The U.S. Federal Reserve on Friday approved the first of three pending bank mergers and said it’s launching a review of capital requirements for major banks including bulked-up regional players. Read more
Tag: Corporate Actions
Nutanix stock rallies 25% on speculation of sale
Nutanix Inc. shares rallied Friday following a report that the hyperconverged-infrastructure company is looking for a possible sale of the company. Nutanix NTNX, +23.23% shares surged more than 25% to an Read more
Tesla earnings are coming, but do record deliveries mask a demand problem?
Tesla Inc.’s record deliveries in the third quarter weren’t enough to satisfy Wall Street. Will the company’s full explanation play any better? The electric-car company posts production and delivery numbers Read more
Elon Musk says SpaceX can’t afford to give Ukraine free Starlink access anymore
““Burn is approaching ~$20M/month.”” That was SpaceX CEO Elon Musk explaining that the company cannot fund Starlink services for people in Ukraine in perpetuity because it’s too expensive. In the Read more
Nio shorts may have covered too soon, as EV maker’s stock sinks to more than 2-year low
Shares of Nio Inc. sank to the lowest prices seen in more than two years, disappointing not only bulls, but also likely the many bears who have just covered their Read more
U.K. assets are ‘absolutely’ a buy, says Blackstone’s Jonathan Gray
The factors contributing to the highest inflation in the U.S. in decades are more entrenched in the U.S. economy than many investors realize, said Blackstone Inc. BX, -1.51% President and Read more
Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons
Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable food,” Read more
Credit Suisse weighing offers for securitized product unit sale: report
Struggling Swiss bank Credit Suisse has reportedly received interest from Japanese lender Mizuho Financial Group to buy its securitized products unit, Bloomberg has reported, citing sources close to the matter. Read more
Stop selling Las Vegas Sands stock as Macau, COVID risks fade, BofA says
Shares of Las Vegas Sands Corp. rose Thursday after BofA Securities backed away from its bearish call, as risks around its Macau exposure abate, and as COVID risks appear to Read more
This new real-estate fund could earn you 8% to 10% returns with just a $1,000 minimum investment
When most private equity executives talk about democratization of the asset class, it usually means they have a way to allow accredited investors with more than $1 million in net Read more