Author: pluginever

https://www.reuters.com/markets/us/blackrock-citadel-backed-group-start-new-national-stock-exchange-texas-wsj-2024-06-05/ A group backed by BlackRock and Citadel Securities is planning to start a new national stock exchange in Texas, the Wall Street Journal reported on Tuesday. The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange Commission (SEC) later this year, the report added,…

I would like to understand the rationale for why there’s so much desire from the Feds and state authorities to go after retail investors of the meme/GME mania. Bill Ackman came on CNBC right before the pandemic shutdown and cried river inducing a massive sell-off, and not revealing his short positions. Is that not scamming…

If someone does not register their stocks – what’s the worst that can happen? I understand that if a bank goes under assets are insured up to a limit. Is there any scenario where I need to be able to prove holdings?

The DOJ and FTC will split responsibility for investigating the largest tech companies involved in developing artificial intelligence. The Justice Department and Federal Trade Commission are nearing an agreement to divvy up investigations of potential anticompetitive conduct by some of the world’s largest technology companies in the artificial intelligence industry, according to three people with…

Right now I'm working on due diligence for the Hewlett Packard-Juniper Networks M&A deal (HPE/JNPR). Two comparables came up that I don't see mentioned enough: Cisco and Ubiquiti Networks. First, Ubiquiti crushes it. The company produces steady revenue and healthy margins. If you talk to your local MSP/IT guy, they know how great Ubiquiti wifi…

Lululemon (NASDAQ: LULU): Q1 GAAP EPS of $2.54 beats by $0.12. Revenue of $2.21B (+10.5% Y/Y) beats by $10M. Comparable sales increased 6%, or 7% on a constant dollar basis. Gross margin increased 20 basis points to 57.7%. Operating margin decreased 50 basis points to 19.6%. The Company ended the first quarter of 2024 with 711 company-operated stores. Q2…

What do you make of this article? https://amp.cnn.com/cnn/2024/06/05/investing/premarket-stocks-trading How can the market be going up if more $$$ are exiting the market than entering? Also some of the stats like the number of US companies in private hands etc. are new info for me. Does this indicate anything about the future of investing in the…

Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World. The five…

https://www.bnnbloomberg.ca/bank-of-canada-cuts-rates-to-4-75-signals-more-to-come-1.2081356 The Bank of Canada cut interest rates by a quarter of a percentage point, making it the first Group of Seven central bank to kick off an easing cycle. Policymakers led by Governor Tiff Macklem lowered the benchmark overnight rate to 4.75 per cent on Wednesday, as widely expected by markets and economists in…

Nvidia surpassed $3 trillion in market cap during intraday trading on Wednesday as investors continue to clamor for the company making most of the chips powering the AI boom. Nvidia shares were up more than 4% to $1,219 at one point during intraday trading on Wednesday. Nvidia’s milestone is the latest stunning mark in a…