An Hour Ago Elliott Management to push for changes at Crown Castle, report says The Wall Street Journal reported that Elliott Management has accumulated a more than $2 billion stake in Crown Castle and plans to push for changes within the wireless-tower operator. Specifically, Elliott wants to approach the company on ways to boost the …
U.S. Stocks Gain Over Past Month Stocks in the U.S. have closed higher for the fourth consecutive week. The Dow Jones Industrial Average gained 117.12 points or 0.33%. The S&P 500 added 0.06%, while the Nasdaq Composite decreased by 0.11%. Moving Stocks Throughout the Day The companies making headlines in midday trading include Nvidia, whose …
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Images The head of the International Energy Agency has urged the oil and gas industry to invest more in clean energy and abandon the …
Four hours ago, the downward trend of oil prices continued when the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, postponed their policy-setting meeting by four days. The oil cartel’s meetings scheduled for November 25-26 are now rescheduled for November 30. Brent crude traded 1.2% lower at $80.99 a barrel on …
4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
Renowned value investor Jeremy Grantham is placing his bets on a select group of stocks with the launch of his firm’s premier active ETF: the GMO U.S. Quality ETF. Tom Hancock, a partner at GMO, has been entrusted with the strategy for this new endeavor. “There’s a lot more interest in active ETFs than there …
3 Hours Ago Chinese electric vehicle stocks rise; Xpeng quarterly results eyed. Hong Kong-listed stocks of Chinese electric vehicle firms have surged in early afternoon trading. Shares of BYD, Nio, Xpeng, and Li Auto have all risen between 2.47% and 6.11%. Markets in Asia also rose across the board following upbeat economic data from China …
\ Stock Market Update 31 Mins Ago A recent market divergence could spell turbulence for stocks, warns BTIG. BTIG has highlighted a unique technical signal that could indicate a pullback for stocks. Specifically, the Nasdaq 100 closed less than 5% below a 52-week high, while the Russell 2000 closed less than 5% above a 52-week …
An Hour Ago Technology Industry Still Recovering from Low-Rate Era, Bank of America Reports The technology sector is still experiencing the lingering impacts of real rates being below 1%, as per Bank of America’s technology, media, and telecommunications team. According to the firm, the effects of the “zero interest rate policy” era are ongoing and …
Ripple CEO, Brad Garlinghouse, voices his opinion at the Ripple Swell event in Dubai, accusing the SEC of losing sight of their mission to protect investors. A U.S. judge’s recent ruling deemed XRP was not a security, marking a pivotal victory for Ripple. The company continues to pursue the next steps in the case, hoping …