(Broadcom) The shares of Broadcom Inc. rose more than 9% on Friday after the company announced a $10 billion common stock repurchase. The share buyback authorization will be effective until…
(C3.ai) C3 AI Inc. has been awarded a $500 million 5-year deal by the US Department of Defense for the use of its Enterprise AI products. The deal allows the…
(Coinbase) Crypto exchange Coinbase is launching a DeFi service via Compound Finance covering more than 70 countries while excluding the American users. The DeFi yield product will initially be available…
(WSJ) Chinese chipmaker SMIC could face a block for its chip materials from the US as the Defense Department advises sealing a loophole used for sourcing. The proposal by the…
(CNBC) CNBC has announced the launch of the next generation index for tracking stocks popular among young people and budding investors. The CNBC Next Generation 50 Index will be a…
(Oracle) Shares of Oracle Corporation surged more than 10% on Friday after the company announced 2022 second-quarter revenue of $10.4 billion, up 6% from the prior year. Oracle’s cloud services…
(SEC Filing) Meme stock AMC Entertainment Holdings extended losses in premarket after closing down almost 9% on Thursday after top chiefs sold more stock. AMC CEO Adam Aron sold 312,500…
(Twitter) Tesla and SpaceX CEO Elon Musk has hinted at leaving his jobs and becoming a full-time influencer. Musk says he longs for a bit of free time instead of…
(ONS) UK gross domestic product expanded by 0.1% in October, missing expected 0.4% growth with headwinds in construction and industrial production. GDP had grown by 0.6% in September. Industrial output…
(Markets Insider) Ark Invest’s Cathie Wood sees Bitcoin surpassing $500,000 as institutional investors seeking to diversify from the traditional asset classes increase. Wood says institutional investors are always exploring opportunities…
(Financial Times) Property giant China Evergrande Group has been rated “restricted default” by global credit watcher Fitch, as the firm failed to make interest payments this week. Fitch is so…
(Census Bureau) Sales of wholesale inventories in the US were $620.5 billion in October, a jump of 2.2% from September. The wholesale sales were up 22.2% from the October 2020…