Neilson Barnard/Getty Images Entertainment Carl Icahn-controlled CVR Energy (NYSE:CVI) has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum, Reuters reported Tuesday. A U.S. court in Delaware is auctioning the shares to pay creditors that have $21.3B in claims against Venezuela’s governmentContinue Reading
Shares of Costco Wholesale Corporation (NASDAQ:COST) were trading more than 1% higher as an analyst note from Stifel noted the company’s increased market share in both the grocery and gas categories, accompanied by a 6% hike in its price target. According to Stifel’s data, Costco (COST) and Amazon (AMZN) currentlyContinue Reading
jetcityimage/iStock Editorial via Getty Images AGCO (NYSE:AGCO) on Tuesday was upgraded to Hold from a previous investment rating of Sell by analysts at research firm CFRA. They said the maker of farming equipment is more fairly valued after its stock declined since the beginning of the year. Elevated interest ratesContinue Reading
SB/iStock via Getty Images Office solution providers in China Eshallgo (NASDAQ:EHGO) priced its initial public offering of 1.25M shares at a public offering price of $4 per share. Total gross proceeds are expected to be $5M. The Class A ordinary shares are expected to commence trading on Nasdaq under the ticker symbolContinue Reading
Dubai, United Arab Emirates, July 1st, 2024, Chainwire Bybit, the world’s second-largest web3 platform by trading volume, has recently ascended to the second position in terms of market share. To commemorate this remarkable achievement and extend our heartfelt appreciation to Bybit’s global community, the Spot team is launching a rewardContinue Reading
Cesare Ferrari Apple (NASDAQ:AAPL) lost smartphone market share in China in May despite “deep” discounting, investment firm UBS said, citing data from Counterpoint Research. Shares rose 1.2% in early trading on Monday. Cupertino, Calif.-based Apple ended the month with 11% of the smartphone market, even as iPhone units rose 0.9%Continue Reading
The National Transportation Safety Board is investigating the blowout incident, and will hold an investigative hearing on August 6-7. Separately, the U.S. Department of Justice is urging Boeing (BA) to plead guilty to a criminal charge after finding the aviation giant violated a settlement over fatal 737 Max crashes inContinue Reading
The Health Care Select Sector SPDR Fund ETF (NYSEARCA:XLV), tracking the healthcare companies under S&P 500, rose 0.11% in the second quarter of 2024, lagging behind the broader S&P 500 index which rose 4.30%. Insulet (PODD) saw the biggest growth in the S&P 500 healthcare index, rising about 25% asContinue Reading
yongyuan/iStock via Getty Images Citizens Financial Group (NYSE:CFG) is set to effect a $1.25B share repurchase program after the bank reported a capital buffer exceeding the regulatory minimum. The new stock buybacks program represents an increase of $656M to the February 2023 authorization. The regional bank’s preliminary stress capital bufferContinue Reading
J. Michael Jones/iStock Editorial via Getty Images Truist Financial’s (NYSE:TFC) board gave the green light for a $5B share buyback program through 2026 starting in Q3 2024, it said on Friday. The company, meantime, plans to maintain its current quarterly dividend of $0.52 per share. After passing the Federal Reserve’sContinue Reading
