Bumble (BMBL) shares charged explosively to the upside after the dating-app operator agreed to an all-cash acquisition by Ithaca Holdings. The transaction values BMBL at “$1.3 billion” and offers shareholders…
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Last month, a report that Anthropic could warn potential investors in its much-awaited IPO of “catastrophic or existential risks to humanity” took the world by surprise. In its IPO prospectus…
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Anthropic is preparing to give prospective institutional investors a closer look at its financial performance as the artificial intelligence company moves toward a potential initial public offering (IPO) that could…
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Celestica stock fell more than 5% on Tuesday, reaching its lowest level since September 21 as AI-related companies broadly declined. Shares traded at $480 in Toronto, about 14.5% below their…
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Apple APPL shares touched an all-time high on Tuesday and reclaimed $5 trillion market capitalization as the iPhone maker unveiled a range of new devices in its latest push to…
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Microsoft (MSFT) shares climbed on Tuesday, putting the stock on track for a record closing high as the technology company expanded its artificial intelligence infrastructure and regained a market capitalisation…
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Bank of America stock has come under pressure in the past two months, mirroring the performance of most banks in the US. After peaking at $65.07 in August, the stock…
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BlackRock has reduced its exposure to US equities and increased its allocation to US Treasuries as rising bond yields create more attractive income opportunities. The world’s largest asset manager cut…
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Morgan Stanley stock has slipped substantially in the past few weeks as enthusiasm about mergers and acquisitions (M&A) and IPOs cooled. MS initially jumped to $230 in July and then…
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Shares of memory chipmakers Micron MU and SK Hynix continued to fall on Tuesday as concerns over China’s CXMT and its growing manufacturing capabilities persisted. Warnings from prominent business leaders…