After Russia’s horrid invasion of Ukraine, Europe is in need of a new supplier of gas. Of course, the Middle East isn’t planning to waste this opportunity. The Abu Dhabi National Oil Company (Adnoc) aims to raise $2B by selling a 4% stake in its natural gas business in an initial public offering. Adnoc Gas …
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 …
Saudi Arabia now holds the largest stake in nintendo Read More »
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 …
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 …
Buffett Slashes $3.7 Billion of TSMC Stock Holding Read More »
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 …
Government’s last vaccine batch provided by Novavax Read More »
According to individuals familiar with the situation, Microsoft Corp. cut jobs in areas such as Surface tablets, HoloLens mixed reality equipment, and Xbox on Thursday. This is as part of its 10,000-worker layoffs announced last month. According to some individuals included in the matter, layoffs of much of the HoloLens hardware team cast doubt on …
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, …
Big Money Managers Push Back Against Positive CPI Read More »
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 …
Nikola Corp back on its feet with zero-emission trucks Read More »
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 …
Adani Group stocks keep going down in a selling rout Read More »
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, …
Markets obsess over all things AI, reaching China Read More »
Microsoft Corp’s stock has reached a new all-time high following a rally in shares of the company, and because of this, its market value rose to around $2 trillion for the first time in over six months. Microsoft shares hiked as much as 3.4% to $277 on Wednesday; it was the only stock with a …
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 …
BP elates shareholders with dividend hikes and buybacks Read More »
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 …
Aerwins Technologies and Pono Capital made a deal Read More »
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 …
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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