Options traders price NVDA at 50% odds of hitting $6 trillion by Oct. 30, needing just a 4% gain to roughly $249 a share.
Morgan Stanley restored NVDA as its top chip pick with a $300 target, while TSM's Oct. 15 earnings give the first read on AI foundry demand.
NVDA's revenue surged 106% and net income rose 126% last quarter, yet the stock's 28% year-to-date gain trails the semiconductor sector's 96% return.
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No company has ever been worth $6 trillion, yet a CNBC options-pricing ****** ysis put the odds of NVIDIA (NASDAQ:NVDA) reaching that level by the end of October at about 50%. The same pricing gave it about 13% odds of crossing within the week of Oct. 5.

#odds #options #trillion #morgan

Rocket Lab surged 3% after a $1.944 billion equity offering eliminated the need for a $3.6 billion bridge loan to fund its Iridium acquisition.
The Iridium deal adds recurring satellite communications revenue to Rocket Lab's launch and ***** ecraft businesses, creating a more vertically integrated ***** e company.
The offering added 29.3 million shares, raising dilution concerns as Rocket Lab integrates Iridium while developing Neutron and awaiting mid-2027 regulatory approval.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Rocket Lab Corporation (NASDAQ:RKLB) stock is rising 3% to $64.14 in Tuesday morning trading as investors respond to progress on the company's planned acquisition of Iridium Communications. Rocket Lab completed a $1.944 billion at-the-market equity offering, giving Rocket Lab enough financing to cover the cash portion of the roughly $8 billion transaction and related costs.

#iridium #billion #offering

Azure crossed $100B annually with 43% growth, and Microsoft's commercial backlog surged 84% to $678B, explaining why markets shrugged off AI safety calls.
Progressive fell 5% and Sherwin-Williams dropped 12% over the past year as housing starts slid 12% and consumer sentiment hit a recessionary 55.
Trump's 'whoever wins, AI wins' framing directly counters Manchin's push for an executive order freezing AI IPOs until federal safeguards are established.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Microsoft didn't make the cut. Enter your email to see the names that beat MSFT. The report is free. Enter your email and see if any of your stocks made the cut.
Monday morning, hours after public radio spent its morning walking through an open letter asking the AI industry to slow itself down, President Trump told CNBC the opposite: "We're leading China in AI. We're the most sophisticated country in the world. And frankly, I want to keep it that way because whoever wins, AI wins." Ninety minutes later, shares of Microsoft (NASDAQ:MSFT) were changing hands at $498.70, and Polymarket bettors were pricing 84.5% odds that the stock would close green.

#msft #whoever #stocks #morning

Shopify (SHOP) stock opened higher on Wednesday after the e-commerce firm said it has acquired Tailwind Labs, the company behind the widely used Tailwind CSS. The announcement is significant for SHOP, given that Tailwind CSS is installed more than 110 million times per week and is used by prominent names like ChatGPT, Cloudflare (NET), Reddit (RDDT), and X.
That said, Shopify shares have reversed their intraday gains in recent hours and are now headed to end the Sept. 9 session down more than 5%.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ******* e

#tailwind #chatgpt

Carvana (CVNA) has spent 2026 frustrating the investors who cheered its record-breaking comeback.
The stock trades near $74 and is down about 7% for the year, even after the company posted its strongest quarter ever this summer.
That mismatch between a healthy business and a sluggish share price is what one major Wall Street firm is trying to explain right now.
Morgan Stanley just walked through its full Carvana outlook again, and it did so with the company's next earnings report drawing closer.
Morgan Stanley kept its Overweight rating on Carvana with a 12-month price target of $90, in a research note shared with TheStreet.

#street

Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Christopher Waller stood up at a Reuters event Thursday and paraphrased John Lennon at a room full of bond traders. "Give disinflation a chance," the Fed governor said. "We can wait one meeting." Somewhere a rates desk put down its sandwich.
Stocks took it as a gift. At noon, the S&P 500 had climbed just over 1%, the Nasdaq 1.4%, and the Dow tacked on 640 points for a 1.2% gain and its best session since Aug. 4. The 10-year Treasury yield eased to about 4.75% after spiking Wednesday.
The Fed's benchmark, the overnight rate it charges banks to borrow from each other, currently sits in a range of 3.50% to 3.75%, and markets have spent weeks bracing for it to go higher on Sept. 16. Higher rates make a boring government bond paying you nearly 5% look awfully good next to stocks so we can forgive the equity jockeys who have been deprived of good news for a few moons from getting a little giddy when Waller signaled he'd hold if August inflation behaves and knocked hike odds from 63.2% to 50.4%, per CME FedWatch. Even if those traders are rejoicing on what's basically now a coin flip.
July's vote was 9 to 3 to hold, with Beth Hammack in Cleveland, Neel Kashkari in Minneapolis, and Lorie Logan in Dallas all wanting a quarter point more, the most dissents at a single meeting since 2016. Not one governor joined them. Warsh, for all his talk about inflation being a choice, has voted to sit still both times he's run the room.

#next #bond #traders

Updated Sept 02, 2026, 2:17 pm EDT / Original Sept 02, 2026, 5:52 am EDT
GitLab
GTLB
-0.56%
stock was surging on Wednesday—but investors should be wary of chasing that rally, even after a second-quarter earnings beat.
GTLB
-0.56%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

#wednesday #reserved

Nvidia is further cementing its position as a **** an of the AI age by forecasting a 70% revenue increase in the fiscal year ending Jan. 2028. Wall Street **** ysts believe that's staggeringly optimistic.
Mizuho **** yst Daniel O'Regan labeled the Nvidia forecast as "shockingly bullish" in a note to clients, according to Marketwatch. He added that now investors are scrutinizing whether that's due to **** eX enlisting Nvidia's chip products to help it clinch its goal of deploying 10 gigawatts of computing power at the end of next year.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#year #SpaceX

Qnity Electronics, Inc. (NYSE:Q) reported solid second-quarter 2026 financial results, driven by disciplined execution across its core segments and deep integration into high-performance technology roadmaps. On the back of strong demand momentum, the company raised its full-year 2026 financial guidance. Qnity now expects full-year adjusted EPS of $4.40 to $4.60 (up from its prior forecast of $3.80 to $4.14), net sales between $5.55 billion and $5.65 billion, adjusted operating EBITDA of $1.675 billion to $1.725 billion, and adjusted free cash flow of $600 million to $700 million.
For Q2 2026, Qnity Electronics, Inc. (NYSE:Q) generated net sales of $1.4 billion, up 22% year-over-year on a 23% volume increase. Growth was balanced across both operational divisions: Semiconductor Technologies produced $744 million in revenue (with adjusted operating EBITDA of $253 million), while Interconnect Solutions delivered $685 million (with adjusted operating EBITDA of $197 million). Adjusted EPS rose 53% year-over-year to $1.19, comfortably above Wall Street estimates. GAAP net income landed at $136 million ($0.59 per share), impacted by ongoing transformation, integration, and standing legacy costs.
Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.
At the same time, Qnity announced that Ken Rizvi will join as Senior Vice President and Chief Financial Officer, effective October 1. Rizvi brings extensive semiconductor leadership experience, having most recently served as CFO at Synaptics. Interim CFO Michael Goss will transition to Vice President, Finance and Controllership upon Rizvi's arrival.
This operational shift brings up a core question for investors: Does Qnity Electronics, Inc. (NYSE:Q)'s upwardly revised guidance signal a durable structural expansion powered by AI and advanced semiconductor nodes, or are lingering 2025 financial disruptions and elevated leverage going to cap long-term upside?

#qnity

Good morning. The Nasdaq and S&P 500 opened in the red as chip stocks came under pressure and investors awaited a new sanction campaign against Iran and a breakdown in US-Canada trade talks.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech (XLK) stocks led the S&P 500 (^GSPC) lower, echoing declines in Asian markets overnight. Memory chip makers Sandisk (SNDK) and Micron (MU) saw sharp drops following rumors over the weekend that the Trump administration could allow Apple (AAPL) to source chips from China's CXMT.
Consumer staples stocks (XLP) were the best performers in early trading.
Here are some notable stocks that Yahoo Finance readers are viewing this morning: ****** eX (SPCX), Sandisk (SNDK), Alibaba (BABA), Marvell (MRVL), SK Hynix (SKHY), Applied Optoelectronics (AAOI), and Lam Research (LRCX).

#trading

When it comes to investing in an exchange-traded fund (ETF), there's no fixed rule regarding how much money you need to get started. However, if you have $10,000 and are looking for a dividend-paying investment that can provide a steady income stream with potential growth, these three ETFs are worth a closer look.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If you're seeking an index fund that homes in on companies with excellent records of paying and growing dividends, SCHD may be precisely what you're looking for. The ETF is a low-cost, passive fund that tracks the Dow Jones U.S. Dividend 100 index, providing exposure to roughly 100 high-quality U.S. dividend-paying stocks.
SCHD screens companies for at least 10 consecutive years of dividends, while also looking for strong fundamentals. With a 0.06% expense ratio and a recent 30-day dividend yield of 3.20%, SCHD is one of the most popular dividend ETFs available.
Another low-cost, passively managed ETF is VYM. VYM seeks to track the FTSE High Dividend Yield index, which consists of U.S. companies with above-average dividend yields. The ETF uses the full replication approach, holding nearly all stocks in its benchmark.

#schd #looking

By
Updated Aug. 19, 2026 11:17 am ET
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The U.S. Treasury said Wednesday it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs.

#wednesday #back #curb

The 9th Circuit stripped Snap's Section 230 immunity, opening 3,000+ lawsuits and sending SNAP shares down 3% after an overnight plunge to $4.74.
Meta and Pinterest fell 3% and 4%, respectively, as the ruling cast an industry-wide liability shadow across social media platforms.
Snap's Q2 revenue beat of $1.6 billion and EBITDA surging to $250 million from $41 million couldn't offset **** yst caution over unquantifiable litigation risk.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snap didn't make the cut. Grab the names FREE today.
Snap (NYSE:SNAP) shares are down 3% to $5.24 Monday midday, giving back part of a sharp overnight decline that saw the stock fall as much as 12% to $4.74 before buyers stepped in. The catalyst is a federal appeals court ruling that pierces a legal shield social platforms have long relied upon.

#snap #down #ruling #analyst

Douglas N. Comings, SVP and chief operating officer of Chili's at Brinker International, Inc. (NYSE:EAT), reported the disposition of 11,422 shares on August 13 and August 14, according to an SEC Form 4 filing.
Metric
Value
Shares sold
11,422

#shares #douglas #brinker #value

Good morning. Stocks were little changed on Monday morning as investors looked ahead to key inflation data and earnings later on in the week. Oil prices rose, with the US benchmark WTI crude oil futures (CL=F) trading above $80 per barrel.
Here's a check of the markets in early trading, as of 10:30 a.m. ET, based on a heat map powered by Yahoo Finance AlphaSpace data.
Energy (XLE) led sector gains, while Technology (XLK) traded roughly flat on balance. Within tech, hardware stocks gained, while shares of semiconductor makers and consumer electronics providers were under pressure.
Here are the top stocks Yahoo Finance readers viewed this morning: ******* eX (SPCX), Intel (INTC), Supermicro (SMCI), Arm (ARM), and CrowdStrike (CRWD).
The retail investor tide may be turning on ******* eX (SPCX) after 59 days in the public markets.

#SpaceX #trading #good

Lake Victoria Gold Ltd. (TSXV:LVG) (OTCQB:LVGLF) (FSE:E1K) has released the maiden National Instrument 43-101 (NI 43-101) Mineral Resource Estimate for its wholly owned Tembo Gold Project in northwestern Tanzania, outlining an initial resource of nearly 580,000 ounces of gold across three deposits.Lake Victoria Gold Ltd. has outlined its first NI 43-101 compliant mineral resource at the Tembo Gold Project in Tanzania, establishing nearly 580,000 ounces of contained gold and giving the company a second defined development **** et alongside its fully permitted Imwelo project.The resource is centered on the Ngula 1, Nyakagwe Village, and Nyakagwe East deposits, all located on four granted mining licences covering approximately 34 square kilometers within the Lake Victoria Goldfield. The project borders Barrick Gold's Bulyanhulu Mine, one of Tanzania's largest underground gold operations, although mineralization on adjacent properties is not necessarily indicative of mineralization at Tembo.
Gold bars. Photo by Zlaťáky.cz on PexelsAmong the three deposits, Ngula 1 represents the most advanced target, accounting for approximately 331,000 ounces, or roughly 57% of the project's total resource and nearly two-thirds of the Indicated ounces. According to the company, the deposit extends for approximately 600 metres along strike, remains open at depth and along strike, and will serve as the focus of a planned 5,000-metre infill drilling program designed to improve geological confidence and support future mine planning.Beyond the headline resource estimate, the company highlighted the presence of a higher-grade component within the deposit. Using progressively higher cut-off grades, the resource estimate outlines 400,400 ounces grading 2.13 grams per tonne at a 1.0 g/t cut-off and 280,500 ounces grading 3.08 g/t at a 1.5 g/t cut-off. These figures are reported as grade-tonnage sensitivities within the same conceptual open-pit shells as the mineral resource estimate and do not represent separate mineral resources or mineral reserves.Lake Victoria Gold said much of the current resource remains classified as Inferred because of drill **** ing, particularly at the Nyakagwe Village and Nyakagwe East deposits. Planned infill drilling is intended to improve confidence in the geological model and support future resource conversion, although there is no **** urance that additional drilling will upgrade existing resources.The company also continues to advance a previously announced toll-milling initiative with Nyati Resources (T) Limited involving a proposed 500-tonne-per-day processing plant located on a Tembo mining licence. The proposed arrangement is intended to provide a processing option for potential near-surface material from Ngula 1, subject to additional drilling, permitting, financing, and the negotiation and execution of definitive agreements.Tembo represents Lake Victoria Gold's second principal development **** et alongside its fully permitted Imwelo G

Grindr (GRND) just told investors that artificial intelligence (AI) now runs through everything it builds.
On August 6, CEO George Arison walked through second-quarter results with a claim that stood out even in a market full of AI announcements.
He said the dating platform now works as an AI-native company, from the code up.
The numbers behind that claim are big, and so is the plan tied to them.
Grindr is charging as much as $350 a month for a new AI companion feature. Arison says the technology is already paying for itself.

#investors #intelligence

AdaptHealth (NASDAQ: AHCO) stock got crushed this week after the company reported disappointing quarterly results. The company's share price ended the week's trading down 47% from where it stood at the end of the previous week's market close.
AdaptHealth reported its second-quarter results before the market opened on Aug. 4, with both sales and earnings for the period coming in below the market's expectations. With the big pullback this week, AdaptHealth stock is now down 38% over the last year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
AdaptHealth's Q2 results came in far below Wall Street's targets. While the average ****** yst estimate had targeted a per-share profit of $0.15 in the quarter, the business actually wound up posting a loss of $1.07 per share in the period.
Sales increased roughly 12.7% year over year to reach $740.3 million, but the performance came in roughly $106.5 million lower than the average ****** yst forecast. Registered users on the company's myApp platform increased roughly 56% year over year to reach 512,000 but user growth for the service hardly excited investors in light of weak second-quarter numbers and downward guidance revisions.

#signal #results

Luxury fashion retailers are accelerating store closures as slowing demand, economic uncertainty, and shifting consumer spending force even the industry's biggest names to rethink their global footprints.
Over the past year, several luxury companies have announced plans to shrink their retail networks as they prioritize stronger-performing locations, streamline operations, and invest in long-term growth rather than maintaining expansive store portfolios.
Kering closed 133 stores across its brands in 2025 and plans to shutter an additional 100 locations, with further reductions under review. The French multinational luxury goods group owns some of the most recognizable luxury houses, including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, and Alexander McQueen.
Ferragamo also expects to close roughly 70 stores between 2025 and 2026, while Burberry shuttered 21 locations during fiscal 2026.
Industry ****** ysts do not expect a rapid recovery.

#luxury #saint #laurent

July 30, 2026, 6:24 pm EDT
In its first acquisition in five years, Bank of America
BAC
+0.36%
is buying an England-based cybersecurity company, underscoring financial firms’ challenges as they seek to protect themselves against cyber threats.
BAC
+0.36%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

#england #jones #acquisition

O'Keeffe Stevens Advisory, an investment advisory firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. During Q2 2026, the market experienced notable dispersion between perceived AI losers and winners. The firm has made investments early in AI infrastructure companies, which yielded gains during market repricing. The second quarter experienced strong equity rallies, with the S&P 500 gaining 15.2% and the Nasdaq 21.4%, marking the best quarter since Q2 2020. While the software sector faced challenges, with the iShares Software ETF dropping ~27% before a rally, reflecting high volatility. This volatility is seen as an opportunity, despite the potential for 'dead money' in underperforming stocks. The firm remains cautious, focuses on owning durable businesses at reasonable prices, holding cash, and hedging risks to navigate unpredictability. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, O'Keeffe Stevens Advisory highlighted Sphere Entertainment Co. (NYSE:SPHR). Sphere Entertainment Co. (NYSE:SPHR) is a US-based live entertainment and media company. On July 27, 2026, Sphere Entertainment Co. (NYSE:SPHR) closed at $139.95 per share, reflecting a market capitalization of $5.01 billion. Sphere Entertainment Co. (NYSE:SPHR) posted a one-month return of -19.12%, while its shares gained 227.98% over the past 52 weeks.
O'Keeffe Stevens Advisory stated the following regarding Sphere Entertainment Co. (NYSE:SPHR) in its Q2 2026 investor update:
"During the quarter, Sphere Entertainment Co. (NYSE:SPHR) continued its strong performance as the market realizes the strong underlying unit economics, in the face of weaker Las Vegas Strip attendance. Continued success in Vegas makes selling future Spheres easier. Sphere Abu Dhabi remains on track, which, given the ongoing war, was a concern. Finally, Sphere announced a new immersive experience, "Rocky Horror Picture," which should add incremental, high-margin shows to the slate, increasing utilization. While the Sphere story has largely played out (at least episode 1), we are inclined to let an N=1 ***** et the leeway to become a large position even though the valuation is much diXerent today. Great ***** ets and management teams oVen have longer right tails than one may initially underwrite. While most believe Vegas is forever in decline, visitation trends were positive y/y in May and represented the 3rd month of the year with positive y/y growth. Visitation and comps are substantially easier, concerts continue to perform well, and new Qlms should drive visitation and revisitation at strong rates, even with The Wizard of Oz coming up to its Qrst anniversary. While the Sphere show slate is nearing the optimal/maximum number of shows per year, the exosphere is an incremental high-margin opportunity that will become an important revenue driver."

#NYSE #sphr #stevens

Solana (CRYPTO: SOL) and Hyperliquid (CRYPTO: HYPE) exchange-traded funds (ETFs) are seeing capital inflows right as spot Bitcoin ETFs shed roughly $8.2 billion across an eight-week outflow streak culminating on July 6, and Ethereum funds joined them in the red. Solana ETFs now hold about $904 million in **** ets, and Hyperliquid ETFs have pulled in $350 million since May.
So does that mean investors should be bullish on the coins seeing the inflows?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Solana is down by about 60% over the past year. Fresh capital entering into spot Solana ETFs looks a lot like investors and financial institutions buying the dip in anticipation of the chain's upcoming catalysts.
Specifically, Alpenglow, the overhaul that is set to cut transaction finality times from 12.8 seconds to 150 milliseconds, activates on the mainnet sometime between August and October. Faster settlement is what Solana's institutional customers want and need, so it's likely going to be a significant unlock for even more capital onboarding in the future.

#NVIDIA #down

The dollar index (DXY00) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by +5 bp and posted a new 1.5-year high amid today's surge in oil prices of more than +5%. The dollar is also seeing support from today's US unemployment claims report, which showed a slightly stronger US labor market than market expectations.
The dollar is also seeing safe-haven demand after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesday that if there is a blockade in the Red Sea, the US "will take care of it." Meanwhile, the US and Iran exchanged attacks for the 12th straight day, and the US maintained its blockade of Iranian oil shipments in the Persian Gulf.
Dollar Eases on Euro and Yen Strength
Dollar Slightly Lower as the Yen Recovers
Why is the Dollar Index a Mirage?

#Iran

What happened: Supermicro (SMCI) stock jumped 24% in early trading on Wednesday.
What's behind the move: The AI server maker said after Tuesday's market close that it expects gross margins to nearly double as it works through a record order backlog in the coming quarters.
"Backlog rose to record levels at the end of fiscal 2026 with total new orders in excess of $60 billion received during the fourth quarter of fiscal 2026," said the company in its business update.
Supermicro said it expects its gross margin to be in the range of 15% to 17%, significantly higher than the company's prior guidance of 8.2% to 8.4%, "primarily due to a favorable customer and product mix."

#supermicro #Stock

Moneta Group Investment Advisors has expanded its international wealth offering into the UK through Moneta Global Wealth, in partnership with London-based Thomson Tyndall.
The move is aimed at clients with cross-border financial needs, including US expatriates, people planning to live or retire overseas, and international family offices with US investment interests.
Moneta, which oversees more than $50bn in ***** ets under management, said the expansion comes in response to rising demand from clients dealing with cross-border tax rules, regulatory requirements, currency considerations and global market shifts.
In the UK, Moneta Global Wealth will operate as an appointed representative of Thomson Tyndall, which is authorised and regulated by the Financial Conduct Authority.
Moneta CEO Eric Kittner said: "As our clients' lives and financial interests become more global, expanding our international capabilities was a natural evolution. This partnership allows us to deliver the same service-first, client-first experience without borders."

#international #investment

Utz Brands (NYSE:UTZ) has agreed to be acquired by Germany-based Intersnack Group in a deal valued at approximately $2.9 billion, including debt, with the transaction taking the US salty snack manufacturer private and expanding Intersnack's presence in the North American market.
Intersnack will acquire all outstanding shares of Utz Class A common stock for $14.25 per share in cash. The offer represents a premium of approximately 91% to Utz's July 20 closing price.
Shares of Utz surged almost 90% to about $14 on Tuesday morning.
Following completion of the transaction, Utz will become privately held, with the Rice and Lissette family entities and Intersnack each owning a 50% stake in the company. Utz common stock will no longer be listed on the New York Stock Exchange.
Intersnack, a family-founded and privately owned multinational snack manufacturer, said the acquisition will expand its exposure to the US snacking market, where it currently does not have a presence. The company began as a German potato chip producer in 1968 and has since grown through organic expansion, acquisitions and partnerships across Europe and Oceania.

#Stock #approximately #market

By Wen-Yee Lee, Ben Blanchard and Faith Hung
TAIPEI, July 16 (Reuters) - TSMC, the world's main producer of advanced AI chips and a major Nvidia supplier, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona in a win for President Donald Trump, who has pushed for more chipmaking at home.
Reinforcing ‌its bullish viewpoint on AI demand, Taiwan Semiconductor Manufacturing Co raised its forecast for capital spending by up to 14% for this year.
"Our customers and customers', who are mainly ‌the cloud service providers, continue to provide us with their very strong signal and positive outlook," company CEO C.C. Wei told an earnings conference.
"Thus, our conviction in the multi-year AI megatrend remains very high."

IBM stock ticked slightly lower Wednesday morning, following a brutal sell-off on Tuesday. A surprise release of preliminary earnings sent shares of the 115-year-old tech giant on a course for their worst day on record. Wall Street ****** ysts were working to make sense of the results, which IBM (IBM) Chief Executive Arvind Krishna acknowledged were "disappointing." IBM blamed an earnings…

With a market cap. of $75.4 billion, American Electric Power Company, Inc. (AEP) is one of the largest electric utilities in the United States, delivering reliable and affordable electricity to 5.6 million customers across 11 states through the nation's largest electric transmission system. It is focused on modernizing energy infrastructure, meeting growing electricity demand, and creating long-term value through operational excellence, safety, and community development.
The Columbus, Ohio-based company is scheduled to report its Q2 2026 results before the market opens on Thursday, Jul. 30. Ahead of the release, ****** ysts expect the company to post operating EPS of $1.48, up 3.5% from $1.43 in the year-ago quarter. AEP has exceeded Wall Street's EPS estimates in three of the last four quarters while missing on another occasion.
Sentiment Could Be Turning Sour on Nvidia. Here's Where 1 ****** yst Thinks NVDA Stock Is Headed Next.
Dear Netflix Stock Fans, Mark Your Calendars for July 16
Google Just Launched 2 New AI Models. What That Means for GOOGL Stock.