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Stocks

“Uber stock pops more than 14% on $7 billion share buyback”

“Uber’s stock closed up more than 14% on Wednesday after the ride-hailing company announced it will buy back up to $7 billion worth of company shares… The buyback news comes a week after Uber reported fourth-quarter results that beat Wall Street’s earnings and revenue… Continue Reading…

Business, Stocks

“Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal”

“Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The… Continue Reading…

Business

“Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business”

“Walmart has agreed to buy TV maker Vizio, the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. The big-box retailer announced the acquisition as it reported… Continue Reading…

Business

“Gilead to buy CymaBay for $4.3 billion in bets on liver disease treatment”

“Gilead Sciences has agreed to buy CymaBay Therapeutics for $4.3 billion, gaining access to an experimental liver disease treatment with blockbuster potential as the U.S. drugmaker looks beyond its older HIV drugs for growth. Shares of the Newark, California-based drug developer jumped 24.6%… Continue Reading…

Banking

“Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year”

“… …” https://www.cnbc.com/2024/02/09/jpmorgan-chase-wells-fargo-cut-overdraft-revenue-to-2-billion-in-2023.html

Business, Economy

“Credit card debt increases by $50B to new record high”

“Credit card debt in the United States increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Federal Reserve. The latest report, released Tuesday, found the total credit card balances stood at $1.13 trillion… Continue Reading…

Business

“Novo Nordisk parent to buy Catalent for $16.5 billion to expand Wegovy supply”

“Danish drugmaker Novo Nordisk’s parent company, Novo Holdings, on Monday said it will acquire drug manufacturer Catalent in a $16.5 billion deal that could help boost the supply of the highly popular weight loss injection Wegovy and diabetes shot Ozempic… Novo Nordisk will then buy three of Catalent’s manufacturing… Continue Reading…

Stocks

“BP earns $3 billion at the end of last year but saw its annual profit fall by half from 2022”

“Oil and natural gas giant BP beat expectations on Tuesday with earnings of $3 billion in the last three months of 2023, bringing last year’s total to half its record 2022 profit as energy prices have fallen since spiking after Russia’s invasion… Continue Reading…

Stocks

“Billionaire Carl Icahn Has $9.9 Billion Invested in These 5 High-Yield Dividend Stocks”

1. Icahn Enterprises LP 2. CVR Energy3. Southwest Gas Holdings4. FirstEnergy5. International Flavors & Fragrances https://finance.yahoo.com/news/billionaire-carl-icahn-9-9-105000752.html I’m can’t copy and paste the entire article so I just listed the 5 stocks he’s invested in. The majority of his stock picks… Continue Reading…

Cryptocurrencies

“DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud”

“The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other names. The Securities and Exchange Commission, in a related civil action, charged two… Continue Reading…