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Elon Musk announced that xAI has acquired X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion. Meanwhile, Block is laying off 931 employees as part of a restructuring, and 23andMe has filed for bankruptcy, with co-founder Anne Wojcicki planning to bid for the company. Additionally, a leaked database reveals China's advanced AI censorship capabilities, and Rivian's skunkworks project has spun out as a new company called Also, securing $105 million in funding.
Elon Musk's SpaceX reportedly allows Chinese investors to acquire stakes in the company through offshore entities like the Cayman Islands, raising concerns about transparency and national security. Testimonies reveal that while SpaceX prefers to avoid direct Chinese investments, it finds indirect routes acceptable, potentially obscuring foreign ownership. Experts warn that this practice could indicate deeper ties to China than publicly acknowledged, complicating SpaceX's status as a defense contractor reliant on U.S. government contracts.
Bank of N.T. Butterfield & Son recently declared a quarterly dividend of $0.44 per share, paid on March 10th, with a yield of 4.46% and a payout ratio of 37.29%. The bank reported earnings of $1.34 per share for the last quarter, exceeding estimates, and has a current market cap of $1.88 billion. Analysts maintain a "Moderate Buy" rating with a consensus price target of $40.80.
UBS has lowered its price target for Archer-Daniels-Midland from $64 to $55 while maintaining a neutral rating. The company is a major player in transforming agricultural products into food ingredients, fuels, and industrial products, with net sales primarily from agricultural services (77.8%) and a significant presence in the U.S. (39.2%).
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
Archer-Daniels-Midland (NYSE: ADM) reported Q4 earnings of $1.14 per share, surpassing estimates, despite a 6.4% year-over-year revenue decline to $21.50 billion. The company recently increased its quarterly dividend to $0.51 per share and authorized a share repurchase program for 100 million shares, signaling confidence in its stock value. Analysts project an EPS of 4.31 for the current year, but the stock currently holds a Reduce rating among analysts.
Wealthy Chinese investors are discreetly channeling tens of millions into Elon Musk's private companies, including SpaceX, xAI, and Neuralink, through special-purpose vehicles that obscure their identities. This trend arises amid strained US-China relations and Beijing's capital controls, with asset managers promoting these investments as lucrative opportunities despite the risks involved. The influx of Chinese capital is primarily profit-driven, reflecting a search for high-quality projects abroad as domestic economic conditions remain challenging.
Uber Technologies, Inc. operates in multiple regions, focusing on Mobility, Delivery, and Freight services. Institutional investors hold 80.24% of its stock, while analysts maintain a "Moderate Buy" rating, with a consensus target price of $90.89. Recent price targets from UBS and other firms reflect a range of $95.00 to $107.00.
Jonathan Glassberg, founder of JB Drax Honoré, lost $2.5 million after investing in the fraudulent Direct Lending Income Fund, recommended by his UBS advisor. The Singapore Supreme Court criticized UBS for its misleading marketing but ruled the bank bore no responsibility, citing Glassberg's extensive investment experience. The fund collapsed in 2019 after the SEC revealed it had falsified loan values.
Sonic Labs has launched an innovative points program aimed at enhancing DeFi growth and rewarding users. The initiative includes three types of points—Passive, Activity, and App Points (Sonic Gems)—and will distribute around 200 million S tokens through an airdrop, incentivizing both asset holding and liquidity provision. Additionally, the program features a comprehensive dashboard for users to track their points, access whitelisted assets, and engage with participating apps, positioning Sonic as a leading hub for DeFi enthusiasts.
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xAI acquires X in all stock deal valued at 80 billion dollars
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18:02 29.03.2025
SpaceX allows Chinese investment through offshore routes raising national security concerns
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07:00 26.03.2025
bank of n t butterfield announces quarterly dividend and earnings results
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08:12 25.03.2025
ubs lowers price target for archer daniels midland to fifty five dollars
14:26 24.03.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
Archer-Daniels-Midland Reports Earnings Beat and Increases Dividend Amid Stock Buyback
09:04 14.03.2025
chinese investors quietly fund elon musk's ventures through opaque structures
07:18 09.03.2025
uber technologies faces price target cuts amid mixed analyst ratings
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08:00 04.02.2025
ubs advisor faces backlash after recommending fraudulent investment to client
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07:46 16.01.2025
sonic labs launches points program to enhance defi growth and user rewards
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