Bitcoin miner Iris Energy considering possible mergers and acquisitions opportunities as the firm plots its growth plans. Those also include other options such as “ongoing organic expansion,R...
Tag: Acquisitions
Binance CEO says there’s pain and risk in the bear market, but also opportunity: Bloomberg
Binance could spend over $1 billion on investment deals by the end of the year. Despite the market downturn, the exchange could spend a significant amount of cash on investments in the next three mont...
AMD Cuts Revenue Forecast Amid Worst Slump in PC Shipments in Years
Listen to article (1 minute) Advanced Micro Devices cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips. The chip make...
Do Kwon Responds to Reports, Calls the Acquisitions ‘Spreading Falsehood’
Many people lost money when stablecoins LUNA and UST fell and traded close to zero, after which Terraform Labs and Kwon were blamed for the incident that swept billions from the market. In no time, th...
By The Numbers: Crypto Winter Mergers And Acquisitions
Crypto mergers and acquisitions are up significantly in the last 2 years, and the exchanges have been leading the charge in this regard. These crypto exchanges have taken to buying out the competition...
He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.
A Wall Street hat trick may not be on the cards, with stocks in the red for Wednesday. A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom a...
Elon Musk renews bid to purchase Twitter: Reports
Billionaire Elon Musk renewed a bid to purchase the social media platform, Twitter, at $54.20 per share, an unidentified source revealed in a report by Bloomberg. In the latest turn in the Twitter own...
Buffett’s Likely Successor Buys $68 Million of Berkshire Stock
Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berk...
Adobe Stock Crumbled. Chief Financial Officer Dan Durn Bought the Dip.
Adobe stock tumbled after the software giant announced an acquisition. Soon thereafter, Chief Financial Officer Dan Durn bought nearly $1 million of shares. Adobe (ticker: ADBE) announced on Sept. 15 ...
Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible i...
Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing
Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own strategies. In a reg...
Sam Making More Acquisitions: Will FTX Acquire Celsius?
In a brutal bear market where multiple crypto executives have stepped down, Sam Bankman-Fried has stepped up to rescue troubled companies. Will Celsius be its next acquisition? After acquiring the ass...
Buffett’s Berkshire Might Have Bought More Occidental Stock After the Dip
A recent decline in Occidental Petroleum share price could have prompted Berkshire Hathaway to add to its large stake in the big energy company. Berkshire Hathaway (ticker: BRK.A, BRK.B) holds 188.4 m...
September Was Bad for Investors. October Could Be Worse.
Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market o...
Ford Stock Is Still a Buy, Despite Supply Issues. Here’s Why.
Ford’s truck business is one heck of a business. Courtesy Ford Text size Ford Motor stock tumbled this past week after the company warned of continued parts shortages, but Wall Street doesn’t seem wor...
FTX Intended To Raise Funds Up To $1 Billion (USD) For Further Acquisitions
Sam-Bankman Fried, CEO of crypto exchange platform FTX, has planned to increase the funds up to $1 billion (USD). FTX frequently collaborated with a large number of potential investors to raise ...
Humana, CVS Circle Cano Health as Potential Buyers
Humana and CVS Health are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal ...
Is FTX gearing up for more acquisitions? 1
FTX has announced that it has contacted investors to help the company actualize a funding round of about $1 billion. In the statement, the company said it wants to use the funds to tie down a couple o...
Freyr Battery Gains as Analyst Calls It a Top Pick. The Stock Could Quadruple.
Text size Freyr can be a serious battery player in years to come, says Morgan Stanley’s Adam Jonas. FREYR Stock in Norwegian battery start-up Freyr Battery is getting a boost from a new bullish ...
Sam Bankman-Fried: FTX Has $1 Billion to Spend on Acquisitions
Sam Bankman-Fried, the CEO of crypto derivatives exchange FTX, said in an interview with CNBC’s Squawk Box that the exchange has at least $1 billion to deploy on acquisitions and bailouts. Although h...
One of the world’s biggest container shipping companies is ‘too compelling to ignore,’ says analyst
With valuation at a trough and a dividend lined up for 2022, A.P. Moeller-Maersk is “too compelling to ignore” and investors should buy the shares. That’s according to analysts at Berenberg, who upgra...