Intel Corp. has taken a significant step in its reorganization strategy by agreeing to sell 51% of its programmable chip division, Altera, to investment firm Silver Lake Management. Valued at $8.75 billion, this transaction reflects Intel's plan to divest non-core assets and optimize its corporate structure.
R.J. O'Brien & Associates was founded in late 1914 under the name John V. McCarthy & Co. At that time, it operated as a street vendor selling oil and eggs in Chicago. Over the course of more than a century, the firm has significantly expanded its scope. It has become a renowned broker and clearing agent, offering a vast range of futures and financial instruments across major financial hubs such as London, Dubai, and Singapore.
Last week, the financial world witnessed an impressive surge in the stock prices of Webull Corp., which soared more than fivefold. This dramatic increase followed the company’s public debut after merging with SK Growth Opportunities Corp., attracting attention from both seasoned investors and newcomers alike. The event marks the arrival of a new player in the market, confidently stepping into the trading arena.
In a climate of market uncertainty and declining demand for electric vehicles, Chinese company Contemporary Amperex Technology Co. Ltd. (CATL) has shown impressive profit growth in the first quarter of 2025. This article explores the key factors contributing to the company’s success, as well as the potential implications for the global electric vehicle market.
Kraken, one of the leading cryptocurrency exchanges, is set to go public in early next year. As part of its strategy to diversify its services, the company has made a significant move by branching out from digital assets to begin trading American stocks and exchange-traded funds (ETFs) through a partnership with Alpaca.
On Monday, the Argentine currency faced significant depreciation on official markets. This development coincided with the announcement that Argentina would be lifting most capital control measures as part of a new agreement with the International Monetary Fund (IMF) amounting to $20 billion. Such actions have led to a substantial shift in the country's financial landscape.
Intel Corporation continues its active efforts to reallocate resources and focus on its key business areas. On Monday, the company announced the sale of 51% of its programmable chip division, Altera, to private investment firm Silver Lake Management. The deal is valued at $4.46 billion, placing the full business valuation at $8.75 billion.
Verve Therapeutics Inc., a Boston-based biotechnology company focusing on gene editing, captured investor attention this week due to encouraging results from its research. Specifically, the company's stock surged 12% following the announcement of the safety of its new treatment method for individuals with high cholesterol levels. The success of the clinical trial marks an important step forward for both the company and the industry as a whole.
Toho Co., the renowned Japanese studio responsible for iconic films like "Godzilla" and the popular anime "Jujutsu Kaisen", has announced an ambitious investment plan. Over the next three years, the company will allocate 120 billion yen (approximately 830 million dollars) to support its international expansion, capitalizing on the growing demand for Japanese films and anime beyond its borders.
Recently, the shares of PT Fore Kopi Indonesia made headlines in the market, showcasing a remarkable surge during their debut on the Jakarta Stock Exchange. Amidst global uncertainties and economic turbulence, this event marked a significant moment not only for the company itself but also for the overall IPO (Initial Public Offering) sector in the region.
Sony Group Corp. has made headlines with its recent decision to raise the price of its popular gaming console, PlayStation 5, by approximately 25% in Europe and the UK. This change, prompted by a complex economic landscape and inflationary pressures, will also affect Australia and New Zealand. This article delves into the reasons behind the price increase, its potential impact on the market, and insights regarding this initiative.
Recently, financial markets have seen an increasing interest in gold as an investment asset. Goldman Sachs Group Inc. and UBS Group AG have released their forecasts for the further rise in prices for this precious metal, emphasizing its growing role amid global economic uncertainty and increasing demand from central banks.
John Wood Group Plc, a notable player in the engineering market, recently announced that it has received a non-binding acquisition offer from competitor Sidara. This news represents a significant event for shareholders and analysts, especially considering the context of the recent challenges Wood has faced.
In recent weeks, Chinese exchange-traded funds (ETFs) have experienced a record influx of capital, a response to the pressures arising from the trade war initiated by former U.S. President Donald Trump. This unexpected wave of buying underscores the determination of Chinese authorities to support their stock market, which has been facing significant challenges.
The Organization of the Petroleum Exporting Countries (OPEC) has issued a downward revision to its forecast for global oil demand in 2025. According to the organization's latest monthly bulletin, the expected increase in global consumption is now projected at 1.3 million barrels per day, a reduction of 150,000 barrels per day from previous estimates.
Recent news of the Belgian insurance company Ageas SA agreeing to acquire the British insurer Esure Group Plc from Bain Capital for £1.3 billion has captured the attention of both investment professionals and the general public. This deal is expected to significantly reshape the personal insurance market in the UK, creating the third largest platform in this sector.
On Monday, the Japanese stock market showed positive momentum, driven by recent changes in U.S. trade policy. The exclusion of smartphones and other electronics from the list of goods subject to high tariffs provided a boost to the stocks of companies involved in the production of devices like the iPhone. This event has emerged as a crucial factor influencing the upward movement of key Japanese indices, including the Nikkei and Topix.
The trading landscape in financial markets is constantly evolving, and recent developments from the United States have significantly impacted Taiwanese technology companies' stocks. Following the announcement of temporary exemptions from high tariffs on various electronic devices, primarily smartphones and computers, stock prices have seen significant fluctuations.
In the wake of another oil spill incident on the Keystone pipeline, South Bow has announced plans to resume operations by Tuesday, April 15. This announcement came on Saturday after the company suspended the operation of this crucial pipeline transporting Canadian oil to the United States. Despite optimistic forecasts, the unfolding events necessitate a closer examination of the current situation.
Recent declines in oil prices pose a significant challenge for economies that rely heavily on the export of energy resources. Colombian state oil company Ecopetrol, a major player in this market, has found itself in a complex situation. With Brent crude futures falling to $63.45 per barrel, the company's president, Ricardo Roa, has warned that lower prices could reduce the company’s profits by 12 trillion pesos ($2.76 billion) this year.
Tata Consultancy Services, India's leading software exporter, is navigating the challenges of the current global economic climate with confidence. Amid ongoing trade negotiations and tariff tensions, the company is expanding its horizons while acknowledging potential risks.
Asian stocks of leading technology companies experienced a notable increase at the start of this week. The shares of companies that are key suppliers to global giants like Apple soared following the U.S. government's announcement of temporary exemptions from high tariffs on certain electronic devices imported from China. This move sent positive signals to investors, prompting an uptick in trading activity and increased demand for the stocks of these Asian firms.
On Friday, a significant announcement came from the German antitrust regulator, backing 1&1, the new contender in the 5G arena. According to Germany's Cartel Office, British company Vodafone and its subsidiary Vantage Towers may be breaching antitrust laws by hindering 1&1’s plans to emerge as the fourth mobile operator in the country.
Even as tax relief for homebuyers fades into history, the UK real estate market continues to showcase robust price growth. According to recent data from property site Rightmove, the asking prices for homes this month are 1.3% higher than a year ago. This indicates that despite shifts in tax policy, the demand for housing remains strong and consistent.