Sat, March 02, 2024

Betsy Miller

Saudi Arabia Now Holds the Largest Stake in Nintendo

Saudi Arabia now holds the largest stake in nintendo

Saudi Arabia’s Public Investment Fund (PIF) became the biggest outside shareholder of Nintendo Co. Quite logically, this is an attempt to lower its dependency on oil. According to a filing, the sovereign wealth fund has increased its ownership stake in the legendary gaming company to 8.3%. This rate’s up from just over 6% at the …

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Ransomware Attacks at Record High in 2022

Ransomware attacks at record high in 2022

Ransomware attacks against industrial organizations skyrocketed in 2022. Research shows that the number has increased by an astounding 87%. The manufacturing sector is the prime target for harmful malware.  The cybersecurity firm Dragos Inc, reports that hackers preyed on mining industries based in Australia and New Zealand. Consequently, they shifted their focus to the US …

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Buffet Slashes $3.7 Billion of TSMC Stock Holding

Buffett Slashes $3.7 Billion of TSMC Stock Holding

Renowned investor Warren Buffett cut his holding in Taiwan Semiconductor Manufacturing Co (TSMC). This comes as an unsettling surprise, as the stock picker disclosed a major stake just months ago. The unpredictable decision put some strain on investor attitudes toward the chip manufacturing company.  According to the latest reports, Buffett’s Berkshire Hathaway Inc slashed its …

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Government's last vaccine batch provided by Novavax

Government’s last vaccine batch provided by Novavax

The US government will purchase another 1.5M doses of Novavax Inc’s COVID-19 vaccine. According to the company, this is a part of its preparations for a commercial market for the shots once government purchases end. Novavax undiscloses the monetary terms of the transaction and the price per dose paid by the federal government. The government …

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Big Money Managers Push Back Against Positive CPI

Big Money Managers Push Back Against Positive CPI

Inflation is slowing across the globe. Several of the wealthiest money managers, nevertheless, believe it’s too soon to abandon protection against rising consumer costs. The market may be too optimistic about the pace of price growth, according to BlackRock Inc, Pacific Investment Management Co, and AllianceBernstein Holding LP. For the sixth month in a row, …

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Nikola Back on its Feet with Zero-Emission Trucks

Nikola Corp back on its feet with zero-emission trucks

Nikola Corp is building hydrogen plants as part of a wider fueling network. The firm hopes it will underpin its attempt to participate in the burgeoning zero-emissions truck market. A handful of hydrogen producers have agreed to supply hydrogen for Nikola vehicles – a seven-year-old manufacturer, in the US and Canada. The company intends to …

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Adani Stocks Keep Going Down in a Selling Rout

Adani Group stocks keep going down in a selling rout

There were reports of some of the Adani Group stocks freely trading in public markets. Moreover, the specified shares dragged down the group’s overall shares. Now Morgan Stanley Capital International (MSCI) is looking into the matter. More selling is likely to occur if the index provider decides to lower its assessment of Adani’s freely tradable …

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Markets Obsess Over All Things AI, Reaching China

Markets obsess over all things AI, reaching China

Investors in hot global artificial intelligence-related equity are getting a reality check as the rally cools. With accuracy issues, Google’s AI chatbot demonstration, which has resulted in the company’s largest loss in more than three months, has already underwhelmed investors. Investors should not rush into speculation on stocks that may gain from such AI innovations, …

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BP Elates Shareholders with Dividend Hikes and Buybacks

BP elates shareholders with dividend hikes and buybacks

BP Plc, like its fellow supermajors, increased its dividend and announced a record profit of $27.65 billion for 2022. It achieved the result by taking advantage of higher oil and natural gas costs. The cash gusher is providing considerable returns to investors, with a 10% rise in the dividend and an extra $2.75 billion in …

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Aerwins Technologies and Pono Capital made a deal

Aerwins Technologies and Pono Capital made a deal

A tie-up with a blank check valued the firm at more than $600M. It didn’t shake off the pessimism surrounding SPAC mergers. Hence, the Nasdaq debut of a Japanese producer of $555,000 flying motorcycles was a flop. Aerwins Technologies made a public deal with Pono Capital Corp – a specialized acquisition firm. Aerwins was halted …

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OpenAI Calls its AI Detection Tool Unreliable

OpenAI Calls its AI Detection Tool Unreliable

There are increasing concerns that cheaters, spammers, and others may abuse artificial intelligence. That’s the reason OpenAI released a tool for identifying AI-produced text. Nevertheless, according to OpenAI’s so-called AI classifier, nearly three-quarters of the time, it fails to detect ai-generated text. The company launched ChatGPT in November and confirmed a multiyear, multibillion-dollar collaboration with …

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SEC Probe into WhatsApp Intensifies

SEC Probe into WhatsApp Intensifies

As part of a broader investigation into Wall Street’s use of unofficial messaging services like WhatsApp to do business, US regulators have asked that major hedge funds examine several workers’ personal mobile phones. The Securities and Exchange Commission (SEC) is calling on Point72 Asset Management, Ken Griffin’s Citadel, and a lot of other investment firms …

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