Palantir (NYSE: PLTR) and UiPath (NYSE: PATH) represent two different ways to invest in the growing artificial intelligence (AI) market. Palantir mines data from disparate sources to help its government and commercial clients make data-driven decisions, and UiPath’s software robots help companies automate repetitive tasks.Palantir went public via a direct listing in September 2020. Its stock started trading at $10, and it’s more than quadrupled to a record high of more than $43. It was also added to the S&P 500 this September. UiPath went public via a traditional IPO at $56 in April 2021, but it now trades at…
Author: user
Zen42.ai partners with Mobii Green Energy Group to launch a $2B Green HI-City project in New Zealand, integrating solar, wind, and green hydrogen power. Source link
By Selena Li, Engen Tham and Sumeet Chatterjee HONG KONG/SHANGHAI (Reuters) -HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender’s ambition for the unit, several sources said. As part of the review, the lender is looking at staff salary structures and probing whether suppliers inflated expenses, contributing to a sharp spike in costs that outpaced revenues, according to five sources familiar with the matter. The review, which has not been previously reported, started a few months ago,…
We recently compiled a list of the Jim Cramer’s Exclusive List of 9 YEV Stocks. In this article, we are going to take a look at where KeyCorp (NYSE:KEY) stands against the other YEV stocks in Jim Cramer’s exclusive list.Recently, Jim Cramer sifted through the S&P 500 to identify stocks that satisfy his criteria: yield, earnings growth, and value. He explained the need behind the criteria:“In a market with huge year-to-date gains, you got to get a little more selective about what you buy. Which is why I created this three-part test, also known as tripartite test.”To navigate this market, he…
Looking for a way to “beat the market” in 2024 and beyond? If so, you’ve probably heard about the market-beating potential of private equity investments. The most recent U.S. Private Equity Index from Cambridge Associates reports an average return of about 15% from June 2003 to June 2023, compared to 10% on the Russell 3000 Index. However, before diving into private equity investing, everyday investors should be aware of a few important considerations. For almost 100 years, the world of private equity was largely “off limits” to Main Street investors. Legally speaking, only accredited investors were allowed to invest in private…
By David French (Reuters) -Wall Street ended higher on Monday, with both the and the Dow posting fresh record finishes, as investors bought into technology stocks ahead of a busy week packed with corporate earnings and crucial economic data. On a somewhat subdued day for trading, given bond markets were shut due to the federal holiday, just 9.55 billion shares changed hands, versus the 12.05 billion shares, which moved on average over the last 20 trading days. However, there was enough upward momentum carried over from Friday, when major banks kicked off the third-quarter corporate earnings season on a positive…
Labour governments were once famed for doing deals over beer and sandwiches in Downing Street. But under Keir Starmer, a charm offensive to win the backing of the world’s most powerful bosses required a bit more.After a rain-soaked day of meetings and speeches at the 15th-century Guildhall in the heart of the City of London, the hundreds of bosses from global firms including Goldman Sachs, BlackRock and HSBC were whisked by private coach, escorted by ceremonial military guard, to St Paul’s Cathedral.The order of the evening: an exclusive reception with King Charles, entertainment from Elton John, and dining by the…
A couple of years ago, semiconductor specialist Nvidia attempted to acquire a little-known company called Arm Holdings (NASDAQ: ARM).Unfortunately for Nvidia, the company abandoned the deal as long-winded court cases revolving around antitrust concerns seemed to have no end in sight. Following the failed acquisition, Arm pursued an initial public offering (IPO) — hitting the Nasdaq last September.Since going public, Arm stock has surged 138% on the backdrop of the artificial intelligence (AI) movement. But even after such a meteoric rise, I see much better days ahead for Arm. In fact, I think Arm stock will handily outperform Nvidia over…
By Anton Bridge TOKYO (Reuters) – Shareholders of Japan’s largest companies are increasingly voting against management resolutions, data showed on Tuesday, spurred on by guidance on effective corporate governance and capital allocation set out by Japanese regulators. Shareholder resistance is now routinely a feature of Japan’s annual general meeting (AGM) season, proxy solicitor Georgeson said in an annual review of the meetings. The proportion of contested resolutions — those receiving 10% or more “against” shareholder votes — rose to 13.1% of all resolutions put to shareholders at AGMs held by companies in the year to 30 June 2024. The result…
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesDow Jones Industrial Average futures are near flat Monday night after the blue-chip index closed at a record.Futures tied to the 30-stock average added 42 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures also both traded near their flatlines.Those moves come after a winning day on Wall Street that propelled the S&P 500 and Dow to new intraday highs and record closes. Notably, the Dow added more than 200 points to finish above the 43,000 mark…