On Monday, Stifel maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and increased its price target to $865 from the previous $665. The adjustment comes as the company prepares to report its fourth-quarter earnings for fiscal year 2024 after the market closes on Wednesday, February 21. The firm\'s analyst points to various factors supporting robust...
WALTHAM, Mass. - Evolv Technology (NASDAQ: EVLV), a company specializing in AI-based weapons detection systems, disclosed today that it is the subject of a Securities and Exchange Commission (SEC) investigation. The SEC\'s inquiry, which began on Friday, February 16, 2024, is described as a confidential and non-public fact-finding mission. The SEC has clarified that this...
HOUSTON - LyondellBasell (NYSE: LYB), a leading chemical company, announced today significant changes to its executive committee, with Kimberly Foley stepping into a new role and Aaron Ledet receiving a promotion, following the departure of Ken Lane, a former executive leader. Effective March 1, 2024, Foley will become the executive vice president of Global Olefins...
On Monday, Singular Research adjusted its outlook on CalciMedica (NASDAQ:CALC), a biopharmaceutical company, raising the price target to $9.50 from the previous $6.25. The firm sustained its Buy-Venture rating on the stock. This adjustment comes in the wake of new funding that is expected to bolster CalciMedica\'s progress with its highest pipeline priorities. The analyst...
LONDON - Pentair plc (NYSE:PNR), a global company specializing in water solutions, has declared a regular quarterly cash dividend of $0.23 per share, continuing its 48-year record of dividend growth. The dividend is payable on May 3, 2024, to shareholders who are on record as of April 19, 2024. This announcement follows Pentair\'s 2023 performance,...
PITTSBURGH - CNX Resources Corporation (NYSE: NYSE:CNX), an Appalachian natural gas company, has announced the nearing completion of its cash tender offer to repurchase $350 million of its outstanding 7.250% Senior Notes due in 2027. As of the offer\'s expiration time on the previous Thursday, the company had received tenders for approximately $312 million of...
Image by PublicDomainPictures from Pixabay In the first half of 2023, global debt increased by $10 trillion, reigniting concerns about its impact on the world economy and the potential for a financial crisis, according to data released by the Institute of International Finance (IIF) on Tuesday. The report disclosed that the overall debt has climbed...
Kraken is exploring the addition of stock and ETF trading options to its platform, pending regulatory approvals.Photo by PiggyBank on Unsplash San Francisco-based crypto exchange Kraken is reportedly considering a move into the stock market with the addition of stocks and exchange-traded funds (ETFs) to its trading platform, according to a Bloomberg report today. The...
FTX recovers $7.3 billion in assets, boosting the value of its bankruptcy claims.Photo by Bybit on Flickr/ CC BY 2.0 According to a Wednesday report by digital assets platform Matrixport, the market value of bankruptcy claims against crypto exchange FTX has more than tripled this year. This comes ahead of the founder and CEO Sam...
August data shows a decrease in core PCE inflation to 3.9% / Photo by Alexander Grey on Unsplash According to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve’s preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August. The PCE report...