Equities Archives - Page 131 of 1061

1 minute read

Shell Shifts Gears in South Africa, Reportedly Exits Downstream Unit

May 6, 2:03 PM

Shell plc is reportedly set to divest a significant portion of its shareholding in a South African downstream unit following a comprehensive review. The move aims to reshape its downstream portfolio, with financial terms undisclosed.

SHEL

2 minute read

Biden Administration Unveils $285M Funding For Semiconductor Institute

By Shivani Kumaresan

May 6, 1:40 PM

President Biden's administration initiates a $285 million federal fund to pioneer a digital twin technology institute for semiconductors. This step, in line with the Chips and Science Act, aims to bolster US chip technology, reducing reliance on global supply chains.

AMD

2 minute read

Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What’s Driving Markets Monday?

By Piero Cingari

May 6, 1:33 PM

The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance

ADTN

1 minute read

Colombia’s Energy Shift: Ecopetrol Reportedly Sails Into Offshore Wind Auction

By Lekha Gupta

May 6, 1:19 PM

Ecopetrol is reportedly analyzing its potential direct participation in the Andean country's first-ever offshore wind auction.

1 minute read

Trump Media & Technology Overhauls Auditors Amid SEC Fraud Allegations

By Shivani Kumaresan

May 6, 12:59 PM

Trump Media & Technology Group appoints Semple, Marchal & Cooper, LLP as its new independent registered public accounting firm, replacing BF Borgers CPA PC. The decision follows SEC charges against BF Borgers for violations spanning over 1,500 SEC filings from January 2021 to June 2023.

DJT

2 minute read

Why KKR Shares Are Trading Higher Today

By Lekha Gupta

May 6, 12:40 PM

KKR forms JV with Healthcare Realty for 12 medical properties worth $382.5M, with potential value of $1B with KKR's $600M commitment.

2 minute read

Boeing’s Starliner: Reportedly Ready To Carry NASA Astronauts

By Shivani Kumaresan

May 6, 12:17 PM

Boeing's pivotal venture with NASA reaches new heights as the CST-100 Starliner, a pioneering spacecraft, preps for liftoff.

2 minute read

What’s Going On With Exxon Mobil Shares Today?

By Lekha Gupta

May 6, 11:17 AM

Exxon Mobil acquired Pioneer Natural Resources Company last week, creating a company with 1.4 million net acres and 16 billion barrels of resource. Darren Woods, XOM Chairman and CEO, expects to increase Permian production and recycled water usage.

XOM

2 minute read

Why Food Processing Firm TreeHouse Foods Shares Are Diving Today

By Shivani Kumaresan

May 6, 11:01 AM

TreeHouse Foods faces a dip in shares following revenue drop and a missed EPS estimate. Q1 FY24 sales hit $820.70 million, exceeding expectations despite the decline. The decrease stems from planned exits in coffee and bakery segments, and a facility restart, contributing to a 440 basis points Y/Y contraction in gross margin.

THS

2 minute read

Electric Services Company ALLETE Going Green And Private: Details

By Lekha Gupta

May 6, 10:39 AM

ALLETE to be acquired by CPP Investments and GIP for $6.2 billion. Deal expected to close mid-2025.

ALE