Author: businessinvestopedia.com

A look at some of the companies in the spotlight before the opening: Palantir Technologies – The data analytics company rose 11% after raising its full-year revenue outlook. Palantir now expects revenue of $2.74 billion to $2.75 billion, up from a range of $2.68 billion to $2.69 billion. Yum China – Shares surged 8% after the Shanghai-based company, which operates Pizza Hut and Taco Bell, reported better-than-expected second-quarter profits. Adjusted earnings of 55 cents a share beat the 47 cents a share expected by analysts surveyed by LSEG. Meanwhile, revenue of $2.68 billion fell short of the consensus estimate of…

Shares of HDFC Asset Management Ltd were down 0.09 per cent to Rs 4,027.15 as of 1:44 pm (IST) in Tuesday trade, even as the benchmark Nifty rose 25.16 points to 24,080.75. The company’s share price closed at Rs 4,031.15 in previous trade. Its 52-week low was Rs 2,399.0 and high was Rs 4,295.2. The company’s market capitalisation on the BSE is Rs 85,862.91. On the BSE, 42,215 shares have traded so far. The stock is trading at 41.5 times trailing 12-month EPS of Rs 96.87 and 11.32 times book value. Return on equity (ROE) stands at Rs 28.08. Key…

Spencer Pratt | Getty ImagesSecurities company Robin Hood The company announced Monday night that it would not offer overnight trading due to issues with execution venues.The company said in a post on social media site X that Blue Ocean ATS, a third-party firm Robinhood partners with for 24-hour trading, had suspended its overnight markets.”Blue Ocean ATS (BOATs), the execution venue for the Robinhood 24-hour market, has halted overnight trading for tonight. Orders in the 24-hour market that are open as of approximately 8:00 p.m. ET will be executed beginning approximately 4:00 a.m. ET tomorrow. Orders can be canceled at any…

Here’s a look at some of the companies that made headlines after the close: Palantir Technologies — Shares of Palantir Technologies soared more than 15% after the company reported better-than-expected second-quarter results and raised its full-year outlook as demand for its artificial intelligence software shows no signs of abating. Palantir posted adjusted earnings per share of 9 cents on revenue of $678 million. Lucid Group — Shares soared 6% after second-quarter results beat top-line expectations. The electric vehicle company reported revenue of $200.6 million, while analysts surveyed by LSEG had expected $192 million. Executives also reaffirmed previous guidance calling for…

A Keranova sign outside the New York Stock Exchange on September 5, 2023.APof stocks Keranova The stock closed up 16% on Monday following reports of takeover interest.Mars Inc., M&M’s parent company, is in talks to buy the snack food company, CNBC’s David Ferber reported, and has also bought a rival candy company. Hershey They may also be interested in acquiring the company.Keranova spokesman Chris Varner declined to comment to CNBC, citing company policy. Mars’ interest was first reported by Reuters.Ten months ago, Kellogg spun off its cereal business and created a new company. W.K. Kellogg The remaining division, renamed KeraNova…

Tokenizing machine data and putting it on-chain is the next logical step in the evolution of DePIN. Imagine a data pool containing machine data from public EV charging stations. Each station collects data about charging power, battery level of EVs in the surrounding area, or current energy grid utilization. Developers in the energy sector now have all the information they need to build dApps that help balance the power grid, for example by offering charging incentives to EV drivers with low battery when there is a surplus of available power. Tokenizing the generated data allows it to be securely stored…

3 years ago, JPMorgan Chase It was the first bank to have branches in all 48 contiguous states, and now the company is expanding with the goal of serving the many Americans who live in smaller cities and towns. As part of a multibillion-dollar branch expansion plan, JPMorgan recently announced a new goal to put its branches within “driving time” of half the population of the lower 48 states. That will require opening new branches in less densely populated areas, a focus for Chairman and CEO Jamie Dimon, who departs on Monday for his 14th annual bus tour. Dimon’s first…

Bankrupt crypto lender Genesis Global Capital has completed its restructuring alongside sister companies Genesis Global Holdco and Genesis Asia Pacific and has begun distributing roughly $4 billion to creditors, the company announced. Announced on Friday. In the initial distribution, creditors will receive a portion of the recovered assets in kind. Bitcoin creditors will receive 51.28% of the recovered amount, Ether creditors will receive 65.87% of the recovered amount, Solana creditors will receive 29.58% of the recovered amount, other altcoin creditors will receive 87.65% of the recovered amount in kind, and USD and stablecoin creditors will receive 100% of the recovered…

Wall Street’s major stock indexes tumbled on Monday (August 5) as fears that the US could slip into recession following last week’s weak economic data rippled through global markets. From Asia to Europe, stock exchanges were battered, bond yields fell as investors rushed into safe assets and predicted that the US Federal Reserve would need to cut interest rates aggressively to spur growth. The sell-off was so intense that the so-called “Magnificent Seven” stocks, the main drivers of the stock indexes’ record highs earlier this year, are expected to lose a combined $1 trillion in market capitalization. Watch as Scott…

This morning, cryptocurrencies were among the hardest hit assets as Bitcoin plunged 15% on its way to its worst day since June 2022. The turmoil has investors asking again: What happened to the narrative that Bitcoin is a store of value and a hedge against uncertainty? Bitcoin fell as much as 17% on Monday after a market-wide sell-off over the weekend. The Dow Jones Industrial Average fell as much as 1,000 points on Monday, following a 611-point drop on Friday, while the tech-heavy Nasdaq briefly fell 6%. BTC.CM= 5D mountain Bitcoin, 5th It’s times like these when Bitcoin is supposed…