GOLDMAN SACHS GROUP INC

16 Aug

Big Tech Wipeout Turns to Dip-Buyer Bounty as Stocks Surge Back

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It looked like a reckoning was arriving on August 5, when the Nasdaq 100 tumbled over 5% in the seconds after the opening bell, validating fears that a tech bubble was about to burst. Barely just two weeks and a few rounds of reassuring data later, virtually all those worries are being swiftly swept aside. Source link lol

14 Aug

Tencent’s Buyback Plan in Focus as Chinese Tech Rivals Catch Up

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Investors will scrutinize any comments from Tencent Holdings Ltd. about its buyback plans during Wednesday’s quarterly results announcement as its competitors catch up with its spending levels.Tencent has forked out almost $8 billion this year to repurchase its Hong Kong-listed shares, more than any other company on the exchange, according to data compiled by Bloomberg. The firm is widely expected to keep spending as its total outlay this year is only about 60% of the $12.8 billion it projected for the whole of 2024. Source link lol

09 Aug

Millicom’s Board Committee Rejects Xavier Niel’s Improved Bid

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Millicom International Cellular SA rejected a raised offer from billionaire Xavier Niel who is seeking to buy the Latin American phone carrier for $4.4 billion. Niel’s Atlas Luxco Sarl last week offered $25.75 a share in cash for Millicom, which improved on a previous offer of $24 a share after the company’s independent board committee dismissed the initial offer as too low. In a statement published Friday, Millicom said the committee thinks the price offered remains unsatisfactory since it “continues to be well below trading multiples for comparable listed companies.” Source link lol

19 Jun

TSMC ADRs Nears $1 Trillion Club Amid Flurry of Target Upgrades

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The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as a stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC overtook Berkshire Hathaway Inc. last week to become the eighth-largest company globally in terms of market capitalization, based on the firm’s US-listed ADRs. The depository receipts’ 73% gain this year has boosted the firm’s market value to $932 billion, shy of the $1 trillion threshold. Source link lol