Marvell Technology Inc. Emerges as Top Specialty Chip Pick for 2024
Citi analyst predicts Marvell Technology Inc. to outperform Nvidia Corp. in the specialty chip market in 2024, citing potential in AI boom and improved performance in noncloud markets.
Spirit Airlines Expects Strong Fourth-Quarter Revenue
Spirit Airlines expects strong fourth-quarter revenue, addresses balance sheet concerns, and anticipates lower operating expenses and favorable cash generation
Custodian Property Income REIT to Acquire abrdn Property Income Trust
Custodian Property Income REIT announces its plan to acquire abrdn Property Income Trust through a recommended all-share merger, valuing API at £237 million.
Apple's Promising Future in the Tech Market
Apple's stock value has declined, but analysts are optimistic about its potential. They predict that upcoming innovations and AI-driven features will boost Apple's stock price and lead to a positive trajectory in the tech market.
Dye & Durham Announces Bought Deal Offering to Reduce Debts
Dye & Durham announces a bought deal offering to raise funds, shares fall in response. The offering is part of the company's strategy to reduce debts and strengthen its finances.
Alphabet to Cut Jobs for AI Investment
Alphabet, parent company of Google, is reducing its workforce to invest more in artificial intelligence (AI) due to competition in the search industry.
Kontron to Acquire Majority Stake in German Electronics Provider Katek
Kontron plans to acquire a 60% stake in Katek, boosting shares and expanding renewable-energy solutions. Kontron's software and IoT technology will enhance Katek's products.
Bond Yields Decline as Focus Shifts to Expected Fed Rate Cuts
Bond yields have declined as traders recalibrate their expectations regarding Federal Reserve interest rate cuts. Recent U.S. economic data and remarks by Fed officials have influenced yield movements.
Galenica Reports Increased Sales for 2023
Swiss pharmaceutical company Galenica confirms its earnings outlook for 2023 after experiencing increased sales across all segments, driven by high-priced medications.
Centamin Reports Increase in Revenue and Production
Centamin, a gold mining company, reports increase in revenue and gold production for the year, with promising expectations for future growth.