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BP Secures Landmark Deal With India's ONGC: Details
Thursday, January 9, 2025 - 2:08pm | 385BP p.l.c. (NYSE:BP) has been selected by India’s ONGC as a Technical Services Provider (TSP) to enhance production from Mumbai High Field. Notably, Shell and BP took part in the pre-bid process, with BP ultimately submitting the bid. Under the agreement, BP is anticipated to receive a...
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Goldman Sachs Raises Spotify's Forecast Ahead of Q4
Wednesday, January 8, 2025 - 4:14pm | 488Goldman Sachs analyst Eric Sheridan maintained Spotify Technology (NYSE:SPOT) with a Buy and raised the price target from $490 to $550. Ahead of its fourth-quarter 2024 earnings report, Sheridan previewed current industry data, addressed key investor debates, and highlighted the...
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Paramount, Comcast Renew Major Distribution Deal: Details
Tuesday, January 7, 2025 - 12:38pm | 353Mass media and entertainment companies Paramount Global (NASDAQ:PARA) and Comcast Corporation (NASDAQ:CMCSA) have reached a deal to renew their distribution agreements, ensuring continued access to a range of premium content for Xfinity customers. The renewed multi-year contracts will maintain...
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Nvidia Completes Run:ai Buyout: Details
Monday, December 30, 2024 - 2:15pm | 530Nvidia Corp (NASDAQ:NVDA) completed acquiring Israeli startup Run:ai, marking its most significant in Israel since its $6.9 billion Mellanox Technologies deal in 2020. The startup pledged to help customers maximize their AI infrastructure by providing flexible, efficient, and highly utilized GPU...
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Taiwan Semiconductor Expands Domestically With 5 New Factories
Friday, December 27, 2024 - 8:32am | 493Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) investment in Kaohsiung has been pivotal in driving the city’s development, the Taipei Times cites from Kaohsiung Mayor Chen Chi-mai’s interview on Monday. The Taiwanese contract chipmaker targets five factories in Kaohsiung, a...
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Are Donald Trump's Ambitious Bitcoin Goals Feasible?
Thursday, December 26, 2024 - 1:33pm | 711Donald Trump‘s campaign promise to bring all Bitcoin (CRYPTO: BTC) mining operations back to the United States faces considerable obstacles, despite his newfound support for the cryptocurrency industry. This pledge, made following discussions with leaders in the crypto mining field,...
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Bitcoin's 2025 Outlook Suddenly Looks Uncertain: Here's Why
Friday, December 20, 2024 - 7:52am | 689As 2025 approaches, Bitcoin (CRYPTO: BTC) finds itself navigating a shifting macroeconomic landscape, with fading tailwinds raising concerns about sustained momentum, according to a report. What Happened: The Federal Reserve’s hawkish stance, coupled with broader macroeconomic headwinds,...
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Sidus Space Closes $14.1 Million Capital Raise: Details
Friday, December 20, 2024 - 7:44am | 394Sidus Space, Inc. (NASDAQ:SIDU) shares are trading lower in the premarket session on Friday. The company revealed it had successfully closed a transaction with accredited and institutional investors, issuing units consisting of shares of Class A common stock (or Pre-funded Warrants in lieu) along...
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Senator Lummis Introduces Strategic Bitcoin Reserve Proposal
Thursday, December 19, 2024 - 3:13pm | 562Senator Cynthia Lummis (R-Wyo.) has introduced a proposal that would grant the Federal Reserve the authority to own Bitcoin (CRYPTO: BTC). What Happened: According to Lummis, this strategic initiative aims to create a “Strategic Bitcoin Reserve,” where the U.S. government would purchase...
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Saia Powers Up With Tesla Semis - Details Here
Thursday, December 19, 2024 - 11:29am | 384Transport company Saia, Inc. (NASDAQ:SAIA) announced a new partnership with Tesla, Inc., by introducing two Tesla Semi trucks to its fleet. This collaboration seems important as Saia celebrates its 100th anniversary. As one of the early adopters of Tesla’s electric semi-trucks, Saia is...
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Bitcoin, Ethereum ETFs See $688M Net Inflows, Analysts Target $124,000
Tuesday, December 17, 2024 - 8:01am | 686Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs recorded significant inflows on Dec. 16, signaling strong institutional interest amid a bullish outlook for the crypto market. What Happened: The total net inflow for Bitcoin spot ETFs reached $637 million, marking 13 consecutive days of...
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BlackRock: 'Reasonable Range' Of Bitcoin Allocation In Multi-Asset Portfolios Is Between 1-2% (UPDATED)
Thursday, December 12, 2024 - 1:45pm | 495Editor’s note: the headline has been updated to more accurately reflect BlackRock’s recommended portfolio allocation. The world's largest asset manager, BlackRock Inc. (NASDAQ; BLK), suggests that Bitcoin (CRYPTO: BTC) could hold a place in multi-asset portfolios, albeit within a narrow...
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Trump Admin's Crypto Push Revives Industry Hopes For Banking Access
Wednesday, December 11, 2024 - 2:14pm | 728The cryptocurrency sector is pushing for a reset with the banking industry following years of strained relations and regulatory crackdowns. What Happened: The collapse of key industry players like FTX in 2022 and subsequent bank account closures left many crypto companies and founders struggling to...
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Taiwan Semiconductor Extends Lead As Top Chipmaker
Monday, December 9, 2024 - 2:27pm | 606Taiwan Semiconductor Manufacturing Co (NYSE:TSM) maintained its global wafer foundry business turf in the third quarter of 2024. The contract chipmaker’s market share grew to 64.9% (up from 62.3% in the second quarter) ahead of Samsung Electronics Co (OTC:SSNLF) as flagship smartphone...
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Trump's Policies Could Benefit These 3 Stocks
Monday, December 9, 2024 - 1:31pm | 582President-elect Donald Trump will soon return to the White House and begin his second term. In contrast to 2016, when he was a "political question mark," the international community is now bracing for his protectionist trade policy stances. Although tariffs present a risk for multinational...