Sven Piper/iStock Editorial via Getty Images Elon Musk’s SpaceX (SPACE) has raised the pricing for its tender offer to $112 per share amid strong investor demand, valuing the company at nearly $210B, Bloomberg reported citing people familiar with the matter. The earlier pricing that was discussed for the insider sharesContinue Reading
i3 Verticals (NASDAQ:IIIV) and Payroc WorldAccess on Wednesday said the companies have entered into an agreement whereby Payroc will acquire i3 Verticals’ merchant of record payments business, including its associated proprietary technology, in an all-cash transaction for $440M. The closing is expected to occur sometime in i3 Verticals’ fiscal fourth quarter. Source:Continue Reading
da-kuk/E+ via Getty Images Short interest in the S&P 500 Trust ETF (NYSEARCA:SPY) and the Nasdaq 100 (NASDAQ:QQQM) has reached a record low. There has been a steady decline in the short interest on the two biggest ETFs since the second quarter of 2023, according to a J.P. Morgan GlobalContinue Reading
U.Today – Many analysts are focusing on the bearish slump on the market as has failed to breach the $62,000 resistance level in recent times. However, a number of market whales are capitalizing on the market drawdown to stack up on the digital currency. At the time of writing, theContinue Reading
MixMedia/E+ via Getty Images “Inside Out 2” sold an estimated $100 million of tickets in its second weekend, setting a record for an animated movie, according to data compiled by researcher Comscore. The previous record for a second-weekend haul was $92 million for “The Super Mario Bros. Movie.” Since openingContinue Reading
pedrosala/iStock via Getty Images Higher electricity bills are ahead for most of the U.S. this summer, as the Energy Information Administration forecasts the average monthly residential power bill in the U.S. rising to $173 in June, July and August, up 3% from a year ago. The biggest bumps in electricityContinue Reading
Torsten Asmus JPMorgan’s global markets strategy team noted that the short interest on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the Invesco QQQ Trust ETF (NASDAQ:QQQ) has fallen to record lows, but cautioned that a reversal in that decline could impact U.S. stocks. The SPY tracks Wall Street’s benchmarkContinue Reading
