(Bloomberg) JPMorgan strategists say small cap stocks and cyclicals are attractive buys after the recent dip, pointing out that they have already priced for an unlikely economic recession. Led by…
(Sony) Sony Interactive Entertainment will acquire US game developer Bungie in the latest deal seen as a response to Microsoft’s blockbuster offer for Activision Blizzard. The acquisition of Bungie, the…
(NIO) NIO Inc. delivered 9,652 vehicles in January 2022, up 33.6% from the prior year’s comparable month. The deliveries for January consisted of 1,531 flagship premium smart electric SUV or…
(Spotify) Spotify Technology SA has come out to defend its stand about Covid-19 by publishing rules on content allowed on its platform. Spotify says the advisory seeks to raise awareness…
(Reuters) Elliott Management Corp. and Vista Equity Partners are reportedly closing a deal to take Citrix Systems Inc. private for around $13 billion. The reported cash bid will value Citrix…
(CoinDesk) Jefferies analyst Jonathan Petersen expects Marathon Digital stock to rise 158% to $51 in 2022, propelling the company to be the largest listed Bitcoin miner. Petersen says Marathon is…
(Robinhood) Robinhood fell more than 13% in premarket trading on Friday after the company reported a $423 million loss in the fourth quarter of 2021, The loss was a decline…
(Apple) Apple Inc. posted a record revenue of $123.9 billion in the first quarter of 2022, up 11% from the prior year. Apple’s Tim Cook attributed the record results to…
(Bloomberg) Shares of Xilinx rose more than 8% on Thursday after Chinese regulators approved its $35 billion acquisition by Advanced Micro Devices Inc. The deal, which was unveiled in 2020,…
(Pershing Square) Shares of Netflix Inc. rose up to 6% on Thursday after hedge fund investor Bill Ackman said he had bought more than 3.1 million shares in the company.…
(Bloomberg) A Bloomberg Intelligence index gauging the stocks of China’s education firms has fallen by 27% in the last three days to the lowest since 2015 as renewed crackdown panic…
(Deutsche Bank) Deutsche Bank posted a profit of 315 million euros in the fourth quarter of 2021, up 67% from the prior year, to help the company post the best…