Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition company which will merge with former President Trump's social media company soared 180% on Thursday. Trading was briefly halted for volatility as retail investors piled on the stock.
Yahoo Finance's Dan Howley breaks down the numbers to know from IBM's Q3 earnings report.
Nvidia (NASDAQ: NVDA) stock popped 2% as of 12:15 p.m. EDT, after the maker of semiconductors for video games and other uses announced its next-generation cloud gaming platform, GeForce RTX 3080-class gaming on GeForce NOW. Didn't Nvidia actually announce the latest development on GeForce NOW last month? For that matter, didn't it announce the opening of the cloud gaming platform early last year?
Today's gains probably shouldn't be too surprising, however, coming as they do on the back of positive comments from the CEO of MJBiz, a cannabis industry news site, yesterday evening. Speaking at MJBizCon 2021 in Las Vegas, company CEO Chris Walsh predicted that whatever happens in Congress, 2022 will see at least four more states flip to recreational marijuana legalization -- and perhaps as many as seven. Additionally, Walsh points out that Idaho and Nebraska are in line to legalize marijuana for medicinal purposes.
Trump's Truth Social needs Section 230 to survive.
Ygal Arounian, Wedbush Securities VP of Equity Research, discusses recent reports that PayPal is in late talks to acquire Pinterest in a $45B deal.
After falling yesterday, shares of Plug Power (NASDAQ: PLUG) are roaring back today as the pessimism that plagued the fuel cell specialist's stock on Wednesday seems to be waning. The catalyst for today's movement appears to be news that the company is progressing in its plans to develop a green hydrogen production facility in its home state of New York. As of 10:25 a.m. EDT on Thursday, shares of Plug Power were up 5.7%.
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) and its joint venture partner NAMCOR (the state oil company of Namibia) announce the completion of the first seismic acquisition program ever conducted in the Kavango Basin, in northeast Namibia.
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
Former U.S. President Donald Trump's plan to create a new social media app after Twitter Inc and Facebook Inc barred him from their platforms this year won an endorsement from investors on Thursday who sent shares in a shell company backing the effort soaring. Trump Media and Technology Group and Digital World Acquisition Corp, a Special Purpose Acquisition Vehicle, said on Wednesday they would merge to create a new social media app called TRUTH Social. Trump's company said it plans a beta launch next month and a full roll-out in the first quarter of 2022.
OneMain Holdings, Inc. (OMF) delivered stronger-than-expected third-quarter earnings driven by robust growth in receivables, aided by the company’s strategic initiatives and a rebound in economic conditions. However, shares of the consumer finance and insurance company fell 1.5% in Wednesday’s extended trading. In Q3, adjusted earnings of $2.37 per share beat analysts’ expectations of $2.29 per share. The company reported earnings of $2.19 per share in the prior-year period. Net interest income
Plug Power (NASDAQ: PLUG) stock is 57% off its high price of more than $73 this year. Let's take a closer look at Plug Power's recent performance and its growth prospects. Plug Power has a long history of incurring losses.
Digital World Acquisition Corp. jumped 44%, and its A-class shares gained 30%, after announcing a plan to merge with Trump Media Technology Group, which aims to launch a social-media platform backed by former President Donald Trump. The transaction values the Trump media group at an enterprise value of $875 million, the company said. What's called Truth Social is aiming for a beta launch in November, and Trump Media Technology also is planning to launch "non-woke" entertainment programming, news
Just because a company's stock is getting heavy attention in internet chatrooms doesn't mean its actual business can't also have potential.
Ocugen's share price has skyrocketed roughly seven times more than Novavax's has. Does that make Ocugen the smarter vaccine stock to buy right now? Here are seven reasons why Novavax stock is a no-brainer pick over Ocugen.
Of all the companies that could make a bid for Pinterest (NYSE: PINS), Paypal (NASDAQ: PYPL) was one of the least likely. While the offer represents a 26% premium over Pinterest's closing price on Tuesday before the news broke, the stock was trading near a 52-week-low at the time, and $70 a share would still be 22% below its peak in February.
(Bloomberg) -- Hedge funds including D.E. Shaw and Saba Capital Management own stakes in a special purpose acquisition company that surged Thursday after former President Donald Trump announced plans to create his own publicly traded media firm through a reverse merger.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tr
Here's a quick hot take on why it makes sense for PayPal to buy Pinterest.
Bank of America (BAC) has revealed that it plans to renew its $25 billion share buyback plan, which was announced in April 2021. In the six months period, the banking giant said to have repurchased stocks worth about $14 billion. The current renewed authorization replaces the prior program. The repurchases may be made through open market transactions or privately negotiated deals. (See Bank of America stock charts on TipRanks) The timing and amount of repurchases will depend on the company’s cap
Shares of AT&T Inc (NYSE: T) are trading slightly higher—although volatile— following better-than-expected third-quarter financial results. What Happened: AT&T reported quarterly adjusted earnings of 87 cents per share, which beat the estimate of 78 cents per share. The company reported quarterly revenue of $39.92 billion, which beat the estimate of $39.14 billion. Related Link: AT&T Shares Gain After Q3 Earnings, HBO Strength, Robust Full Year Outlook Cramer's Take: 'I'm willing to say this is