Nelson Peltz’s activist investment firm Trian Fund Management is seeking investor backing for a potential bid to take fast-food chain Wendy’s private, according to a Financial Times report citing people familiar with the matter. Shares of Wendy’s (WEN) surged on Tuesday following the report, climbing as much as 14% to $7.75. The stock had closed
Nvidia stock continued climbing on Tuesday, extending its record-setting rally even as broader US equity markets declined following hotter-than-expected inflation data. Shares of the AI chipmaker rose over 2% to hit a new record high of $220.41 in early trading after closing 2% higher at a record $219.44 on Monday. However, the chipmaker gave up
Indian jewellery retailer stocks fell sharply on Monday after Prime Minister Narendra Modi urged consumers to avoid buying gold jewellery for a year in a bid to preserve foreign exchange and support the rupee. The development raised fresh concerns about demand in one of the world’s most important bullion markets. Shares of companies including Titan,
HSBC has raised its year-end target for the S&P 500 to 7,650 from 7,500, arguing that a run of strong quarterly earnings has given fresh support to US equities even as investors continue to weigh inflation risks tied to higher oil prices and the conflict in the Middle East. The new target implies upside of
Bitget has added OpenAI (preOPAI) as the second listing on its IPO Prime platform, extending pre-IPO access to one of the most closely watched companies in artificial intelligence. Issued on Solana by regulated partner Republic, preOPAI is designed to track the economic performance of OpenAI following a future public listing. The offering introduces a low
Alphabet (GOOGL) plans to issue Japanese yen-denominated bonds for the first time as the technology giant seeks additional funding for its rapidly expanding artificial intelligence infrastructure ambitions. According to a filing on Monday, the Google parent company intends to launch the bond offering in Japan, although it did not disclose the size of the issuance.
Strategy, the bitcoin-focused company (previously known as Microstrategy), has expanded its cryptocurrency holdings once again, purchasing an additional 535 BTC for approximately $43 million between May 4 and May 10, according to a filing with the Securities and Exchange Commission. The company paid an average price of $80,340 per bitcoin in the latest acquisition round,
The Nasdaq 100 Index continued its strong bull run this month, reaching its highest point on record. It was trading at an all-time high of $29,235, up by over 15% this year. This rally will be put to the test as the index has become the most overbought since June 2024. Nasdaq 100 Index has
Circle Internet stock jumped by over 4% in the premarket session after publishing an encouraging first-quarter earnings report, which demonstrated strong revenue growth. CRCL jumped to the important resistance level at $120, up sharply from the year-to-date low of $50. Circle stock jumps as revenue growth continued CRCL stock price has been in a tight
Wall Street’s main indexes opened muted on Monday after a record-setting rally last week, as renewed concerns over stalled US-Iran negotiations pushed oil prices higher and weighed on investor sentiment. The Dow Jones Industrial Average slipped 56 points, or 0.11%, while the S&P 500 and the Nasdaq Composite also edged down 0.02% and 0.17%, respectively.