Arm Holdings, the UK-based chip design company, made its Nasdaq debut on Thursday, resulting in a staggering 25% increase in its stock price. This surge lifted Arm’s fully diluted market cap to nearly $68 billion, a valuation that seems excessively high for a semiconductor company that generated a modest $400 million in profit over the
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European satellite operator SES has teamed up with SpaceX’s Starlink to offer a combined internet service to cruise operators. The partnership, called “SES Cruise mPOWERED + Starlink,” aims to provide high-speed and reliable internet access to cruise ships, whether they are in port or out at sea. By joining forces, both companies believe they can
As the political landscape continues to evolve and become increasingly competitive, the cost of election campaigns has skyrocketed. In fact, projections from AdImpact indicate that the 2024 election cycle is set to be the most expensive of all time for political ad spending, reaching a staggering $10.2 billion across various media platforms. This forecast surpasses
In a surprising turn of events, Tesla shares experienced a significant increase of 10% in the first half of trading on Monday. This sudden surge came as a result of a Morgan Stanley upgrade and an optimistic note that shed light on Tesla’s potential in the AI technology market. The upgrade came with a new
Apple is gearing up to host its highly anticipated launch event at its headquarters in Cupertino, California. This event is undoubtedly the most significant of the year for the tech giant, as it unveils its new hardware, including the highly anticipated iPhone 15. The event will feature a prerecorded video presentation by Apple executives, which
In a stunning turn of events, former FTX executive Ryan Salame has pleaded guilty in New York federal court to campaign finance and money-transmitting crimes. This shocking revelation has sent shockwaves through the financial industry, tarnishing the reputation of both Salame and FTX. Salame, during his plea, confessed to steering tens of millions of dollars
According to a recent analysis by Morgan Stanley, Bloom Energy has several promising tailwinds ahead. The bank has reconfirmed its overweight rating on the stock and named it a top pick. With a price target of $29, the bank suggests that the shares could potentially surge by 92% from their closing price on Tuesday. Analyst
Facebook has announced its plans to deprecate the dedicated news section for users in the U.K., France, and Germany. This decision is part of Meta’s ongoing effort to align its investments with the products and services that users value the most. In its announcement, Meta stated that it intends to focus on short-form video content,
Jimmy Buffett, the beloved singer-songwriter who enchanted countless fans with his intoxicating blend of tropical melodies, passed away on Friday night. The news of his death has left a void in the hearts of millions. At 76 years old, Buffett’s soothing voice and heartfelt lyrics captured the essence of living and loving on sandy beaches,
After a week of strong performance, stocks are hoping to maintain their momentum in the upcoming holiday-shortened week. The Dow Jones Industrial Average and the Nasdaq Composite had their best week since July, while the S&P 500 posted its best weekly performance since June. This surge in performance can be attributed to the return of