September 30, 2024
“…Energy Transfer is having a strong year. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 20% in the second quarter to almost $3.8 billion. Meanwhile, its distributable cash flow surged 32% to over $2 billion… Energy Transfer’s capital project… Continue Reading…
September 26, 2024
“Blackstone and Vista Equity Partners will acquire Smartsheet in an $8.4 billion deal. The all-cash bid of $56.50 per share is about a 41% premium to the company’s unaffected average share price. The collaboration software maker went public in 2018… Continue Reading…
September 26, 2024
“Applications to refinance a home loan surged 20% last week compared with the previous week. This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.13% from 6.15% The refinance… Continue Reading…
September 26, 2024
“A former top executive of fraudulent cryptocurrency empire FTX has been jailed for two years after apologising for her role in one of the biggest financial scams of all time… Ellison, who turned on Bankman-Fried and served as the case’s star witness,… Continue Reading…
September 26, 2024
“…In the most recent quarter, revenue soared more than 140%, and profit climbed in the double digits. And this may be just the beginning as Supermicro gears up to address a new growing market: cooling solutions to tackle the heat… Continue Reading…
September 26, 2024
“…Only 12% of Americans consider themselves wealthy, according to a new report by Edelman Financial Engines. Despite their high net worth, just 33% of millionaires said the same, the report found. Edelman Financial Engines polled more than 3,000 adults over age… Continue Reading…
September 25, 2024
“Former President Donald Trump threatened John Deere with a 200% tariff if the agricultural manufacturer moves some of its production to factories in Mexico. John Deere plans to shift production of some of its models to Mexico, a move that… Continue Reading…
September 25, 2024
“…“Exxon Mobil knew that 95% of the plastic in the blue bin was going to be incinerated, go into the environment or go into a landfill,” California Attorney General Rob Bonta said in an interview. “They knew and they lied.”… Continue Reading…
September 25, 2024
“Wood recently described Tesla (NASDAQ: TSLA) as the biggest AI opportunity in the world because of the introduction of its latest version of self-driving (FSD) technology, which could transform the company’s economics. For the same reason, Ark also published a report in June… Continue Reading…
September 25, 2024
“… John Rockefeller’s Standard Oil more than a century ago. The empire that controlled nearly all US oil production during America’s industrial revolution had to split into 34 smaller companies after the Supreme Court in 1911 sided with the Justice Department in an… Continue Reading…
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