SK Hynix Reports Record Profit Driven by AI Chip Demand
Category: Stocks Total Views: 216By : Evelyn Baker Updated: 07-25-2024
SK Hynix Reports Highest Quarterly Profit Since 2018
SK Hynix declared its highest quarterly profit since 2018. For the quarter April–June, the company declared an operating profit of 5.47 trillion won. From the loss of 2.9 trillion won a year before, this is a notable increase. The profit lines up with LSEG SmartEstimate's projections. Analyzes projected a good performance from SK Hynix. Three straight profitable quarters have come from the company. This represents a no... Read More
Lineage Raises $4.45B in Historic IPO, Valued at $18B
Category: Stocks Total Views: 149By : Logan Wright Updated: 07-25-2024
Lineage Achieves Historic IPO with $4.45 Billion Raise
With its U.S. initial public offering, Lineage, the biggest cold-storage warehouse operator in the world, raised $4.45 billion. This is the largest worldwide stock market debut of this year. Pricing almost 57 million shares at $78 apiece comprised the IPO. At the top of its stated range, $70 to $82, this price was The company first intended to offer 47 million shares. Still, great demand resulted in the sale of extra shares. T... Read More
U.S. Bond Yields Drop, Boosting Global Stocks
Category: Stocks Total Views: 230By : Henry Turner Updated: 07-23-2024
Global Stocks Rise as U.S. Bond Yields Drop
As U.S. bond yields dropped, global stocks climbed to indicate a change in market mood. Key economic numbers and many company earnings reports are much awaited by investors. The market was not much affected by the decision of U.S. President Joe Biden to drop his reelection campaign. Rather, the emphasis is on forthcoming income as well as economic data. The benchmark U.S. 10-year note yield dropped 3.5 basis points to equal 4.225%. Usual... Read More
Elliott and Starbucks Hold Private Discussions for Change
Category: Stocks Total Views: 105By : Evelyn Baker Updated: 07-21-2024
Elliott Investment Management Takes Significant Stake in Starbucks
Elliott Investment Management lately took a sizable stake in Starbucks. Now, the activist investor is mostly interested in raising the stock performance of the coffee chain. Sources familiar with the matter revealed that Elliott and Starbucks are having continuous talks. Elliott is well-known for urging corporate changes meant to improve shareholder value. This action follows Starbucks' 23% stock drop during th... Read More
Berkshire Hathaway Hits Record High Share Price
Category: Stocks Total Views: 370By : Henry Turner Updated: 07-15-2024
Berkshire Hathaway Shares Reach Record High
Monday's new record high for Berkshire Hathaway's share price reflects investors' great confidence in the business. This boom emphasizes how well the market sees Warren Buffett's leadership. The climb is evidence of the company's strong business plan. Viewed by some as a microcosm of the larger American economy, Berkshire is Its varied portfolio's consistent performance helps to explain this impression. The record... Read More