Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. NVIDIA Corp (NASDAQ:NVDA) reached a new milestone Monday, with its shares climbing 4.14% to close at an all-time high of $143.71, prompting a notable response from CNBC’s Jim Cramer. What Happened: Following the stock’s record-setting performance, Cramer took to X (formerly Twitter) stating, “Nvidia, own it don’t trade it,” while questioning the decision of those who “sold in low 200s because of negative analysts.” Don’t Miss: Wedbush Securities analyst Dan Ives endorsed Cramer’s sentiment, responding with trophy emojis symbolizing achievement and success. Cramer…
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Investing.com– Oil prices fell in Asian trade on Wednesday after industry data signaled an increase in U.S. oil inventories, while focus remained on diplomacy efforts by the U.S. to quell tensions in the Middle East. Crude prices gained some ground in the prior session after Israel said it had killed Hashem Safieddine, the heir apparent to the late Hezbollah Leader Hassan Nasarallah, who was killed last month by an Israeli strike. U.S. Secretary of State Antony Blinken held extended discussions with Israeli leaders this week over a potential de escalation in the conflict, while also pushing for more humanitarian aid…
Correlations between world stock markets began to increase in the 1970s. This trend endured for nearly a half century as globalization took hold and defined much of the era. But that all changed when COVID-19 broke out in earnest in February 2020. While tariff disputes had already disrupted supply chains in the years prior, the onset of the global pandemic in early 2020 accelerated the decoupling among global equity markets and transformed their relationship to one another, ushering in what may be a regime change in world finance. Our examination of stock market indices since 2015 reveals one clear takeaway: Every…
TOKYO (Reuters) -Tokyo Metro saw its stock untraded on its Tokyo market debut on Wednesday with a glut of buy orders in early trade. Tokyo Metro, one of the capital’s two major subway operators, raised $2.3 billion after pricing its initial public offering at the top of an indicative range at 1,200 yen apiece. The IPO was more than 15 times oversubscribed, Reuters has reported, with investors drawn to a household name with an attractive dividend yield. “The listing of a large company familiar to individual investors has a large merit in broadening the investor base,” Toshio Morita, CEO of…
In a significant transaction, RA Capital Management, L.P., a leading investment firm, acquired shares in Janux Therapeutics, Inc. (NASDAQ:JANX) valued at approximately $53.7 million. This purchase involved 1.2 million shares at a price of $44.75 per share. The transaction was finalized on October 18, 2024, following the satisfaction of customary closing conditions, including regulatory approvals. RA Capital Management, based in Boston, is known for its strategic investments in the healthcare sector. The firm, along with its affiliates such as RA Capital Healthcare Fund LP and RA Capital Nexus Fund II, L.P., is a prominent stakeholder in Janux Therapeutics, a San…
Malaysia’s Cybersecurity Center of Excellence marks first six months, expands Cybersecurity Curriculum with more globally-certified training programs to help upskill cyber professionals in ASEAN KUALA LUMPUR / ACCESSWIRE / October 23, 2024 / BlackBerry Limited (NYSE:)(TSX:BB) has announced a new partnership with The International Information System Security Certification Consortium (ISC2), the world’s leading nonprofit member organization for cybersecurity professionals, to deliver its globally recognized cybersecurity training and certifications in Malaysia. In support of the Malaysian Government’s ongoing efforts to boost digital skills, capacity and cyber-resilience, the courses are now offered as part of the BlackBerry Cybersecurity Curriculum at the world-class…
Speaking at The Ocean Collective Summit in Singapore on Thursday, Fabien Cousteau, grandson of celebrated oceanographer Jacque Cousteau, said he was “trepidatious” about an economic system being built around intangible assets such as the avoided destruction of mangroves, seagrasses and coral reefs.Blue carbon credits – like any other type of carbon credit – enable companies to offset their climate pollution by buying a credit that represents a reduction or removal of emissions, for instance a mangrove replanting scheme or a seagrass meadow protection project.The blue carbon market – which is projected to be worth US$190 billion by 2030 – needed standards…
Cathie Wood’s ARK ETF published their daily trades for Tuesday, October 22, 2024, revealing a mix of strategic buy and sell actions across various sectors. The most significant transaction of the day was the purchase of 170,649 shares of Tempus AI Inc (NYSE:TEM), amounting to a substantial investment of $8,307,193. This move indicates ARK’s growing interest in the artificial intelligence company, as it follows a series of recent acquisitions of Tempus AI shares, suggesting a bullish stance on the company’s future. In contrast, ARK divested a considerable portion of its holdings in Robinhood Markets Inc (NASDAQ:), selling 210,483 shares with…
US Federal Reserve Board Chairman Jerome Powell.Anna Moneymaker/Getty Images Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. Strong economic data and the potential for a Trump win have pushed interest rates higher. The Fed may keep rates unchanged next month, and the October jobs report is a key indicator to watch. The bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. Strong economic data in recent weeks and the potential for a Donald Trump victory in November have helped push bond yields higher and…
Mark W. Hahn, Chief Financial Officer of Verona Pharma PLC (NASDAQ:), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Hahn executed three separate transactions, selling a total of 525,768 ordinary shares between October 18 and October 22. The shares were sold at prices ranging from $4.3796 to $4.3849 per share, amounting to a total transaction value of approximately $2.3 million. Following these transactions, Hahn retains ownership of 13,813,920 ordinary shares. The sales were conducted under a pre-arranged 10b5-1 trading plan established on March 6, 2024, which allows company insiders to set…