Light Street Capital Management's long-short fund, led by Glen Kacher, is nearing its best performance in 15 years, having gained 2.53 percent in November and boasting a remarkable 57.14 percent increase for the year with one month remaining.
President Yoon Suk Yeol's late-night announcement of martial law has plunged one of Asia's largest economies into a state of crisis. The declaration raises concerns about stability and governance in the region, prompting widespread reactions from various sectors.
The National Bank of Canada reported a strong fourth-quarter earnings growth, driven by a 17% increase in its wealth management division's adjusted net income, reaching C$219 million. This performance aligns with the broader banking sector's trend, as lower interest rates stimulate loan growth and enhance profitability. Looking ahead, the bank aims to expand its wealth management services to capitalize on the favorable economic environment.
15:47 04.12.2024
Tapestry Inc., the owner of Coach and Kate Spade, is entering the investment-grade bond market for the first time following the cancellation of its acquisition of Capri Holdings Ltd. The company plans to issue bonds in two parts, with the 10-year note potentially yielding around 1.6 percentage points over Treasuries.
Interest in donating cryptocurrency to charity has surged, with Fidelity Charitable reporting $688 million in crypto donations for 2024, a significant increase from previous years. Experts highlight the tax benefits of donating appreciated assets like crypto, allowing donors to avoid capital gains taxes while maximizing their charitable impact. As of January 2024, 56% of the top 100 U.S. charities accept crypto donations, reflecting a growing trend in philanthropic giving.
OpenAI plans to establish a new office in Zurich, Switzerland, as part of its European expansion, following openings in London, Paris, Brussels, and Dublin. Three leading AI researchers will join the Zurich team, highlighting the city’s status as a key technology hub in Europe. Founded in 2015, OpenAI, now valued at approximately $157 billion, aims to transition from a non-profit to a for-profit public benefit corporation to attract more investors.
Honda Cars India plans to launch three new models, including a Hybrid Electric Vehicle (HEV) and a Battery Electric Vehicle (BEV), by the financial year 2026-27. President and CEO Takuya Tsumura emphasized the company's commitment to electrifying powertrains while continuing its focus on internal combustion engine vehicles. Currently, Honda offers the Elevate SUV alongside the Amaze and City sedans.
Canary Wharf Group has received approval from its bondholders to raise new debt, enabling the refinancing of approximately £600 million ($760 million) in maturing notes. The move will address the company's 2026 notes and £350 million in bonds due in April, with plans to roll over other bonds maturing in 2028.
UnitedHealthcare CEO Brian Thompson was shot and killed in a targeted attack in Manhattan early Wednesday morning, just before the company's annual investor conference. The NYPD is offering a $10,000 reward for information on the shooter, who fled the scene on a bicycle. Thompson, 50, was pronounced dead shortly after being transported to the hospital, prompting an outpouring of condolences from industry leaders.
UBS has maintained a 'Buy' rating for Eni, setting a target price of 15.50 euros. Analyst Joshua Stone noted that the restructuring of Versalis is in progress, with the discontinuation of steam crackers for ethylene production in Italy expected to impact earnings from 2026, while positive contributions are anticipated from 2027. As of December 4, Eni's stock was trading at approximately 13.41 euros, reflecting a slight decline of 0.58%.
15:22 04.12.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings