Markets - CybAI news

17 Sep

Norway’s Crayon Group Surges as SoftwareOne Said to Weigh Deal

stp2y0 CommentsRAG modelsDaniel Daniel, europe, Markets, Norway, software, Software Company, Technology

Norwegian software group Crayon Group Holding ASA jumped by the most in more than four years after people familiar with the matter said its bigger Swiss rival SoftwareOne Holding AG is exploring a potential combination of the two firms.SoftwareOne, which is considering a sale of itself, is also studying a possible merger with Crayon, Bloomberg News reported on Sept. 13. Apax Partners, which has emerged as the leading bidder for SoftwareOne, and the Swiss company’s key shareholders have been discussing various structures that would allow them to take both SoftwareOne and Crayon private and combine the two firms, the people…

11 Sep

Chinese Traders Pour Into Alibaba Shares as Trading Links Start

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, china, Emerging Markets, finance, HANG SENG INDEX, Hong Kong, Markets, Shanghai, Shenzhen, stocks, Technology

Mainland Chinese investors flocked to Alibaba Group Holding Ltd. as its Hong Kong-listed stock was made directly available to them for the first time.Investors bought HK$8.5 billion ($1.1 billion) worth of Alibaba shares through the Stock Connect program on the first day, on a net basis, according to stock exchange data released late Tuesday. Purchases via the Shanghai and Shenzhen bourses accounted for about half of the day’s turnover in the stock. Source link lol

19 Aug

As Tech Stocks Rebound, High Hedging Costs Indicate Skepticism

stp2y0 CommentsRAG modelsartificial intelligence, BCA RESEARCH INC, Earnings, environment, ETF, Interest Rates, JULY SARL/CAEN, Markets, NVIDIA CORP, S&P 500 INDEX, stocks, Technology

The recent rebound in US tech stocks isn’t convincing options traders just yet. While the shares have led market gains since a meltdown earlier this month, the cost of contracts hedging against volatility in the largest exchange-traded fund tracking the Nasdaq 100 Index remains high relative to contracts on the SPDR S&P 500 ETF Trust. Source link lol

17 Aug

Ericsson Reaches $1 Billion Deal to Sell US Firm to Koch Unit

stp2y0 CommentsRAG models5G Network, AT&T INC, Earnings, ERICSSON LM-B SHS, Government, INFOR INC, KOCH INDUSTRIES INC, Markets, NOKIA OYJ, Taxes, Technology, VERIZON COMMUNICATIONS INC

Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Industries Inc.Ericsson expects to get about 10.6 billion kronor ($1 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said in a statement late Friday. The deal is expected to close in the first half of 2025 and result in one-time earnings of about 8.8 billion kronor. Source link lol

16 Aug

Uber Raised to Investment-Grade by S&P on Earnings Growth

stp2y0 CommentsRAG modelsacquisitions, Bonds, business, Cash Flow, Conservative, Debt, Earnings, finance, Markets, MOODY'S CORP, Technology, UBER TECHNOLOGIES INC

S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth.Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statementBloomberg Terminal. Investment-grade credit ratings can translate to lower borrowing costs for a company, because a wider array of investors are eligible to buy high-grade securities. Source link lol

16 Aug

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

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, environment, Federal Reserve, GOLDMAN SACHS GROUP INC, JULY SARL/CAEN, Markets, NVIDIA CORP, SEVEN, stocks, Technology, Valuation

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

16 Aug

Gold, Bitcoin, NVIDIA … Veganism? Why There’s Now an ETF for Seemingly Everything

stp2y0 CommentsRAG modelsbitcoin, business, ETF, Generic 1st 'BO' Future, Generic 1st 'GC' Future, Markets, Mutual Funds, new york, NVIDIA CORP, S&P 500 INDEX, stocks, Technology, the-big-take, US Securities and Exchange Commission

The market for ETFs is nearly 13 trillion dollars – and growing. But just what goes into an ETF? And why did they get so popular? Source link lol

16 Aug

Maker of StarCraft 2 Successor Hopes Fans Will Be Patient

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, business, Debt, entertainment, EPIC GAMES INC, game-on, Markets, RTS Index, startups, Technology, venture capital, Video Games

The early player count for Stormgate has not been huge on Steam, peaking at around 5,000 concurrent players, but there’s time for a turnaround Source link lol

16 Aug

Jefferies Says It Was Shortchanged on Fee in Rubicon SPAC Deal

stp2y0 CommentsRAG modelsHenry Roberts Kravis, JEFFERIES FINANCIAL GROUP IN, Manhattan, Markets, new york, RUBICON TECHNOLOGIES INC, software, supreme court, Technology, UBER TECHNOLOGIES INC, US Securities and Exchange Commission

Jefferies Financial Group Inc. sued a company acquired in a blank-check merger, claiming it received stock now worth only about $40,000 instead of a promised $7 million underwriting fee.In a suit filed Thursday in New York, Jefferies said Rubicon Technologies Inc. violated an agreement to pay the fee in either cash or freely tradable shares. Instead, Rubicon allegedly paid Jefferies in restricted shares with a current market value much lower than the agreed fee. Source link lol

16 Aug

Medical Device Maker Nova Biomedical Is Exploring a Sale

stp2y0 CommentsRAG modelsAmericas, business, deals, finance, healthcare, Industrials, industries, JOHNSON & JOHNSON, Markets, Private Equity, science, Technology, United States

Nova Biomedical is exploring a potential sale that could value it at more than $2 billion, people with knowledge of the matter said. The privately-held medical device maker is working with advisers to gauge interest from potential buyers, the people said, asking not to be identified discussing confidential information. Source link lol