Author: Press Room
Check out the companies making headlines before the bell Tuesday.CarMax — Shares of the vehicle retailer soared 7% on the back of better-than-expected quarterly earnings. CarMax earned 44 cents per share, beating a Refinitiv forecast of 24 cents per share.Newmont — The stock lost 2.9% in early morning trading on news that Newmont raised its price proposal in its offer to acquire Australia’s Newcrest Mining for $19.5 billion, which is 16% higher than Newmont’s initial bid. If the deal goes through, it would further secure Newmont’s position as the world’s biggest gold producer. Upstart — Upstart fell about 2% after JPMorgan…
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown.In early 2006, Peter Beck took a “rocket pilgrimage” to the U.S.The native New Zealander always dreamed of sending a rocket into space. He even skipped college because of it, taking an apprenticeship at a tools manufacturer so he could learn to work with his hands, tinkering with model rockets and propellants in his free time.By the time of his pilgrimage, he’d built a…
Dominion Voting Systems can’t bring up the January 6 insurrection during its upcoming defamation trial against Fox News, a Delaware judge ruled Tuesday, who also revealed at a hearing that he has been receiving death threats. The voting technology company sued Fox News over the right-wing network’s promotions of false claims that Dominion machines rigged the 2020 election. But almost all of the allegedly defamatory statements mentioned in Dominion’s lawsuit occurred before the January 6, 2021, storming of the US Capitol by supporters of then-President Donald Trump. Delaware Superior Court Judge Eric Davis said at a hearing Tuesday that invoking…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Artificial Intelligence (AI) has been one of the biggest buzzwords in the world of technology for months now. Interestingly, it was also a huge point of interest in the world of finance, leading many to start investing in this sector, which is now considered to be the next big thing.While AI itself is extremely promising from the investors’ perspective, MindAI has decided to take things to the next level and combine it with another lucrative business — a cryptocurrency exchange.As it is well-known, the crypto industry has…
For many Americans, the sight of JPMorgan CEO Jamie Dimon wrangling a coordinated, private-industry lifeline to First Republic Bank on the heels of the collapse of Silicon Valley Bank in March was a familiar one. After all, Dimon had stepped up and served as the de-facto face of the banking industry as markets erupted into chaos during the Great Recession. JPMorgan acquired not one but two troubled financial firms at the behest of the government and has widely come to be viewed as the only bank that didn’t need the federal bailout money foisted upon 13 financial-industry giants.Dimon’s hero status was…
OpenAI’s ChatGPT made up sexual harassment accusations against lawyer Jonathan Turley, WaPo reported. The AI chatbot said Turley made sexual remarks and tried to touch a student during a class trip. Turley said the claims, cited with a fabricated source, are false and “incredibly harmful.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app OpenAI’s buzzy ChatGPT falsely accused a prominent law professor of sexual assault based on a fake source, The Washington Post reported. Last week, Jonathan Turley, a law professor at George Washington University,…
Background Black Knight, Inc. (NYSE:BKI) is a leading provider of software, data, and analytics solutions for the mortgage and real estate industries. The company offers technology solutions to help lenders, servicers, and investors manage and optimize their mortgage and home equity portfolios. Intercontinental Exchange (ICE) is a global financial services company that operates a network of regulated exchanges and clearinghouses for various economic and commodity markets, including stock and bond trading, energy and agricultural commodities, currencies, and derivatives. ICE offers multiple data services, analytics, and technology solutions for market participants and investors. Arbitrage Opportunity Merger arbitrage is an investment strategy…
In late 2022, as US activist fund Elliott Management was quietly building a large stake in Dai Nippon Printing, the family-run Japanese conglomerate was searching for a new business plan bold enough to lift a stock price that had been stagnant for two decades.Just two months later, DNP announced it would undertake the biggest share buyback in its 147-year history and set a return on equity target of 10 per cent. The company’s shares have risen more than 40 per cent since January 24, when the Financial Times first revealed that Elliott had accumulated a stake of just under 5…
Republican Sen. Tim Scott of South Carolina plans to launch an exploratory committee for president on Wednesday, according to a source familiar with his plans. Scott – the only Black Republican in the Senate – has been testing the waters for months. Since setting off on a listening tour in February focused on “Faith in America,” he’s made frequent visits to Iowa. He’s scheduled to hold events in the early voting state on Wednesday. The Post and Courier was first to report on the plans. “I’ve been doing a lot of thinking the past few months,” Scott wrote in a…
