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As the market eagerly awaits earnings from artificial intelligence (AI) powerhouse Nvidia (NASDAQ: NVDA), investors will be happy to hear that the company’s CEO, Jensen Huang, has announced a new partnership with Lenovo that will accelerate sales in a key area: enterprise. The lion’s share of Nvidia’s revenue is derived from companies like Microsoft, Meta Platforms, and Amazon. The tech giants use its hardware to build gargantuan server farms that run their consumer-facing AI products like Gemini and Meta AI. These companies have poured billions of dollars into Nvidia’s coffers and have no plans to stop in the near future.…
Scott E. Lerner, Executive Vice President and General Counsel of B&G Foods Inc. (NYSE:BGS), recently acquired 7,611 shares of the company’s common stock. The transaction was completed on November 8, with shares purchased at a weighted average price of $6.5692, totaling approximately $49,998. The purchase was executed in multiple trades, with prices ranging from $6.5550 to $6.5700 per share. Following this acquisition, Lerner’s direct ownership in B&G Foods stands at 196,755 shares. In other recent news, B&G Foods reported mixed third-quarter earnings, with net sales reaching $461.1 million and adjusted EBITDA at $70.4 million, both figures falling short of expectations.…
Angela Mago, KeyCorp’s (NYSE:) Chief Human Resources Officer, recently sold 15,011 common shares of the company. The shares were sold at an average price of $19.59 each, amounting to a total sale value of approximately $294,065. Prior to this sale, Mago acquired the same number of shares at a price of $14.11 per share, as part of a transaction that increased her total holdings to 249,593 shares. Following the sale, her total direct ownership now stands at 234,582 shares. In other recent news, KeyCorp reported a 7% quarter-over-quarter increase in net interest income during its Third Quarter 2024 Earnings Call.…
The Chicago Bears will host the New England Patriots at Soldier Field on Sunday, and they’ll again be searching for success on the offensive side of the ball. That starts with their rookie quarterback and his receivers, a group that was invested heavily in but hasn’t produced much this season. 1st & 10: Empty Investments Chicago invested heavily in overhauling its wide receiver room during the offseason. GM Ryan Poles invested the ninth overall selection in the 2024 NFL Draft, a fourth-rounder, and a whopping four-year, $110 million extension in Rome Odunze, Keenan Allen, and DJ Moore. Poles’ heavy investment…
When Blackrock’s Larry Fink put the kibosh on the very term ESG in July 2023, suggesting that it had been weaponized and showing remorse at ever having been involved in such a political debate, it seemed likely that this form of investing would dwindle somewhat. But a year and a half on and the firm still has sustainability on the balance sheet. In fact, in that period even one of the most vocal advocates of the anti-ESG movement, Strive Asset Management, indicated a softening of its anti-woke agenda in order to broaden appeal to a wider audience.Nonetheless Fink’s words have…
(Reuters) -Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, it said on Friday, as the solar inverter maker streamlines operations amid slowing residential solar demand. The company, which has been grappling with a deteriorating market for residential solar in Europe, will focus contract manufacturing in four existing locations – two in the US, one in India and one in China. The company will cease its contract manufacturing operations in Guadalajara, Mexico, it added. Enphase’s shares have fallen close to 50% so far this year, with demand for its services weighed down by…
Bob De Lange, Group President at Caterpillar Inc. (NYSE:), has sold a significant portion of his holdings in the company. According to a recent SEC filing, De Lange sold shares worth approximately $5.2 million. The transactions were executed on November 7, 2024, with prices ranging from $408.82 to $411.61 per share. In addition to the sales, De Lange also acquired 20,000 shares through the exercise of stock options at a price of $151.12 per share, amounting to a total of $3,022,400. Following these transactions, De Lange’s direct ownership of Caterpillar shares stands at 71,107 shares. These moves are part of…
Asset owners have dramatically increased their allocations to private markets over the past two decades, driven largely by a mistaken belief that private debt and equity deliver returns that are orders of magnitude above those of public markets. What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector’s performance are to blame. The myth of the Yale model — a belief of superior returns stemming from a heavy allocation to private equity funds — is…
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesDuring the crypto-crazed summer of 2021, when memecoins such as dogecoin and Shiba Inu were rocketing alongside bitcoin and ethereum, Square founder Jack Dorsey announced that his payments company was starting a new business unit, with the goal of “making it easy to create non-custodial, permissionless, and decentralized financial services.””Our primary focus is #Bitcoin,” Dorsey proclaimed on Twitter. The name of the business unit would be TBD.In December of that year, Dorsey went…