In a recent transaction on March 15, Jeremy Garber, the President and Treasurer of Postal Realty Trust, Inc. (NYSE:PSTL), sold 3,651 shares of the company\'s Class A common stock. The sale was executed at a price of $14.0 per share, resulting in a total value of $51,114. The transaction was disclosed in a filing with...
Michael J. Arougheti, the Co-Founder, CEO and President of Ares Management Corp (NYSE:ARES), has recently sold a significant portion of his stock in the company. According to the latest filings, Arougheti sold shares totaling approximately $15.1 million. The transactions occurred over two days, with a range of prices per share. On March 14, 2024, Arougheti...
By Jonathan Stempel NEW YORK (Reuters) - Reddit and Google\'s YouTube were ordered by a New York state judge to face lawsuits seeking to hold them responsible for helping enable the avowed white supremacist who killed 10 Black people in 2022 at a Buffalo, New York grocery store. Justice Paula Feroleto of the Erie County...
-- Most Asian stocks fell on Tuesday amid persistent anxiety over an upcoming Federal Reserve meeting, while Japan\'s Nikkei 225 pared early losses after the Bank of Japan hiked interest rates but maintained a dovish stance. Regional markets took little cheer from a positive overnight close on Wall Street, with U.S. stock index futures falling...
SHANGHAI (Reuters) - A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China\'s financial system is low on confidence and overflowing with cash and bank deposits. Yields at the longer end of China\'s bond market have been crunched to record lows by the weight of available money, and bankers...
-- Heavyweight Asian technology stocks, particularly those with exposure to the artificial intelligence sector, fell on Tuesday, tracking aftermarket losses in market darling Nvidia after it unveiled its new line of AI chips. NVIDIA Corporation (NASDAQ:NVDA) unveiled its latest and most powerful line of AI chips, called Blackwell, at its annual developer conference on Monday....
SEOUL (Reuters) - SK Hynix Inc said on Tuesday it has begun mass production of next-generation high-bandwidth memory (HBM) chips used in artificial intelligence chipsets, with sources saying initial shipments will go to Nvidia (NASDAQ:NVDA) this month. The new type of chip - called the HBM3E - is a focal point of intense competition. Last...
By Selena Li and Xie Yu HONG KONG (Reuters) -Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China\'s markets and as the firm cuts staff worldwide. The cuts at FIL\'s wholly-owned...
By Scott Murdoch and Roushni Nair (Reuters) -Australia\'s Boral (OTC:BOALY) on Tuesday recommended investors reject its largest shareholder Seven Group Holdings\' A$1.9 billion ($1.25 billion) offer for the company claiming it undervalues the building products group. Seven Group, controlled by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral and had launched...
By Suzanne McGee (Reuters) - The fervor around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia (NASDAQ:NVDA). The funds run the gamut from those offering a bouquet of the biggest AI winners to more...