Coupang's Acquisition of Farfetch: Shares Decline
Shares of Coupang decrease after the announcement of its acquisition of online luxury company Farfetch. The move positions Coupang as a leader in the...
- Thursday, October 17, 2024
News
Goldman Sachs Raises S&P 500 Forecast for 2024
Goldman Sachs increases its S&P 500 target to 5,100, expecting decelerating inflation and potential Fed easing. Market optimism remains despite recent...
Andrew R. Michaud
Oil Prices Rise as BP Suspends Shipments through the Red Sea
Oil prices rise as BP temporarily halts Red Sea shipments due to attacks, with Russia potentially reducing crude output. Concerns about energy demand...
Andrew R. Michaud
IBM to Acquire Two Divisions from SoftwareAG for $2.33 Billion
IBM announces plans to acquire streamSets and webMethods divisions from SoftwareAG to enhance AI platform capabilities and attract customers.
Andrew R. Michaud
Malaysian Stocks Continue to Rise
Malaysian stocks continue to rise, with transportation and logistics companies leading the way. Southeast Asian markets remain steady.
Andrew R. Michaud
Vodafone Receives Merger Proposal from Iliad Group for Italian Businesses
Vodafone Group receives merger proposal from Iliad Group to combine their Italian businesses, boosting shares and valuation in the market.
Andrew R. Michaud
North Korea Conducts Missile Tests Amid Rising Tensions
North Korea launches ballistic missiles in response to US and South Korean nuclear deterrence plans. Tensions escalate between the two Koreas.
Andrew R. Michaud
Adbri Shares Spike on Takeover Offer
Adbri shares hit a 19-month high after CRH and Barro Group offer AUD 3.20 per share in a joint takeover bid. The deal aims to acquire the remaining 57...
Andrew R. Michaud
Telecom Italia Deal Challenged by Vivendi
Telecom Italia faces a legal challenge from Vivendi over the sale of its fixed-line network assets to KKR. Despite this, the transaction will proceed...
Andrew R. Michaud
Is Nvidia a Cheap Play on Artificial Intelligence?
Bernstein analyst believes Nvidia is a cost-effective investment in AI, with low valuation and potential for growth. Despite concerns, industry expert...
Andrew R. Michaud
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