Ignatiev | E+ | Getty Images Company: Mercury Systems (MRCY) Business: Mercury Systems is a manufacturer of essential components, products, modules and subsystems. The company sells them to defense prime contractors, the U.S. government and OEM commercial aerospace companies. Essentially, Mercury Systems makes the electronics that go into defense applications. Because it pays for its …
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Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images BlackRock‘s move into crypto fits into the asset management giant’s broader mission of creating products …
Michael Nagle | Bloomberg | Getty Images The rapid rise of a few already-massive tech stocks this year is causing Nasdaq to make unusual adjustments to its popular growth index. The company announced July 7 that it will do a special rebalance of the Nasdaq 100 Index, which will take effect before the market opens …
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Sanjay Mehrotra, CEO, Micron Scott Mlyn | CNBC The S&P 500 and Nasdaq notched a solid performance in the first half of 2023, thanks to an impressive rally in major tech stocks. However, macro pressures have not abated, with minutes from the latest Federal Open Market Committee meeting hinting at more interest rate hikes to …
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Daniel Balakov | E+ | Getty Images Company: Algonquin Power & Utilities (AQN) Business: Algonquin Power is a renewable energy and utility company that provides energy and water solutions and services in North America and internationally. The company operates through two segments – (i) the regulated services group, which provides a portfolio of rate-regulated water, …
Continue reading “Activist Starboard prepares the groundwork to reduce leverage at Algonquin Power”
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 6, 2023. Brendan McDermid | Reuters A sweeping change sought by the Securities and Exchange Commission would take fund managers’ culpability a step further than current standards if they don’t effectuate a greater standard of care. The rule …
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Rafael Henrique | Lightrocket | Getty Images The basic materials sector closely follows economic trends. As fundamental macro factors play such a crucial role in driving the group, one needs a keen eye to identity top investment opportunities among the many chemical, steel, mining and other stocks that make up the sector. TipRanks recognized the …
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An image of Warren Buffett at the Berkshire Hathaway Shopping Day, May 5, 2023. Yun Li | CNBC Shrewd business legend Warren Buffett has a whimsical side, buying companies whose products he personally enjoys like Dairy Queen and See’s Candies. Now count plush toy phenomenon Squishmallows. Squishmallows made its Berkshire Hathaway annual meeting debut this …
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Company: Clear Channel Outdoor (CCO) Business: Clear Channel Outdoor is an out-of-home advertising company that offers a variety of advertising services, including through billboards, street furniture displays, transit displays and airport displays. It also sells street furniture equipment, provides cleaning and maintenance services and operates public bike programs. Clear Channel is broken into the following …
A Fidelity Investments location in New York. Scott Mlyn | CNBC Asset management giant Fidelity Investments is again trying to launch a spot bitcoin exchange-traded fund, according to a Thursday filing. The move comes two weeks after BlackRock filed for a spot bitcoin ETF, which has long been opposed by the U.S. Securities and Exchange …
Continue reading “Fidelity joins rush for bitcoin ETF, following BlackRock, Ark Invest”
