TexBr/iStock via Getty Images BMO Capital Markets analyst published an update on their “Anything but the Big 3” portfolio of stocks, which is an actively traded model with strong Canadian companies excluding energy, materials, and financials. This group of stocks outperformed the S&P/TSX 60 Index (XIU:CA) excluding materials, energy andContinue Reading
JHVEPhoto Venture capital firm Andreessen Horowitz has purchased and stashed thousands of GPUs, including many of Nvidia’s (NASDAQ:NVDA) H100 processors, in an effort to win deals for AI startups, The Information reported. The venture capital firm, which has $42B in assets under management, has rented out the GPUs to manyContinue Reading
sitox Pineapple Energy (NASDAQ:PEGY) +66.2% pre-market Tuesday after announcing a partnership with Conduit Capital that will include two new board members and the resignation of its CFO. Pineapple (PEGY) said Conduit Capital will provide structural internal support, staffing, and assistance with capital raising activities, as well as add key talentContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Envestnet (NYSE:ENV) rose 2% on a report that buyout firm Bain Capital is in advanced talks to purchase the wealth-management software firm. The price for a deal is around Envestnet’s (ENV) current stock price of around $63 and could be announced as soon as thisContinue Reading
ThreeD Capital (OTCQX:IDKFF) has announced a proposed private placement of up to 5.57 million units for C$0.27 per unit for gross proceeds of up to C$1.51 million. Each unit will comprise one common share of the company and one common share purchase warrant. Each whole share purchase warrant will entitle the holder to purchaseContinue Reading
champpixs Alger Capital Appreciation Fund (MUTF:ACAAX) was the top-performing mutual fund with a return of 42.4% for the 12-month period through June, according to a survey by The Wall Street Journal. Large-cap funds dominated the newspaper’s most recent study with their significant holdings of technology stocks. Patrick Kelly, Dan ChungContinue Reading
Myriad Uranium (OTCQB:MYRUF) said it has entered into a consulting services agreement with Walk the Street Capital ((WTS Capital)). Under the agreement, WTS Capital will provide media content strategy, creation, and dissemination services. The initial term of the agreement is for 60 days starting. During the initial term, WTS Capital willContinue Reading
FinkAvenue/iStock Editorial via Getty Images An investor group, including Arkhouse Management and Brigade Capital Management, bidding to acquire Macy’s (NYSE:M) has raised its offer for the second time to $24.80 a share, or about $6.9 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. InvestorsContinue Reading
ra2studio/iStock via Getty Images Buyout firm KKR & Co. (NYSE:KKR) agreed to purchase sports uniform and school yearbook maker Varsity Brands from Bain Capital for $4.75 billion, including debt. KKR will own Varsity Brands through its Americas private equity fund, according to a Reuters report on Wednesday, which cited peopleContinue Reading
Fahroni/iStock via Getty Images Blackford Capital, a lower middle market private equity firm, Wednesday announced the acquisition of Industrial Molding Corporation, an injection molded plastic products manufacturer and subsidiary of NN Inc (NASDAQ:NNBR), as the first add-on acquisition for its portfolio company, Davalor Mold Company. IMC is an independently runContinue Reading
