Summary: Bill Baruch trims multiple megacaps in his portfolio, including Apple and Nvidia
Full articleSummary: Bill Baruch, Founder & President Blue Line Capital, trims multiple megacaps in his portfolio, including Apple and Nvidia.
Full articleSummary: Major U.S. indexes moved higher on Wednesday, led by gains in major tech companies, as the market looks to extend its comeback from steep losses earlier in the week. Investors are digesting a slew of earnings reports. Meanwhile, the yield on 10-year Treasurys rose for the second straight day, and crude oil prices increased, driven by concerns in the Middle East.
Full articleSummary: Nine major banks are settling a lawsuit accusing them of conspiring to rig a $465.9 trillion market by paying a $46 million cash settlement. Lawyers claim the banks kept the interest rate swap market inefficient to extract higher fees, despite being ready for electronic exchanges. The banks have denied wrongdoing.
Full articleSummary: Lionsgate will be releasing Francis Ford Coppola‘s $120M epic production Megalopolis on Sept. 27 in a wide release following its premiere at Cannes. The movie features an all-star ensemble cast including Adam Driver, Nathalie Emmanuel, Aubrey Plaza, and more. The distribution deal is with Lionsgate and Imax theaters have been secured for the film.
Full articleSummary: Lionsgate has acquired Francis Ford Coppola’s 'Megalopolis' and plans to release it on September 27, 2024. The film, self-funded by Coppola for around $120 million, has garnered mixed reviews but continues to build anticipation due to its polarizing reactions and star-studded cast including Adam Driver and Laurence Fishburne.
Full articleSummary: ExxonMobil and Chevron annual meetings held amid scrutiny from lawmakers and climate activists. ConocoPhillips to acquire Marathon Oil in $17.1bn deal. Environmental campaigners condemn oil industry mega deals as exacerbating the climate crisis.
Full articleSummary: ExxonMobil and Chevron face scrutiny over dinner with Trump and climate pledges, facing criticisms for doubt promotion on global warming and reneging on climate commitments. ConocoPhillips announced an all-stock deal to buy Marathon Oil for about $17.1bn, amid climbing oil prices. Environmental campaigners voice concerns over major oil industry acquisitions and mergers affecting climate crisis.
Full articleSummary: Controversial plan to replace former Regency Theaters and adjacent businesses with a Home Depot store and garden center in Granada Hills is under review by Los Angeles City Planning Department, drawing criticism from residents concerned about heavy traffic and air quality.
Full articleSummary: MainStay CBRE Global Infrastructure Megatrends Term Fund announced monthly distributions for May 2024. The Fund's current annualized distribution rate is 11.38% based on the closing price and 9.91% based on NAV as of May 10, 2024. The Fund's distribution is set by its Board of Trustees reviewing net investment income, realized/unrealized gains, and expected appreciation/income.
Full articleSummary: Dell's next-gen laptops will incorporate Intel's Panther Lake, Nova Lake & upcoming Snapdragon X chips, with leaked documents revealing release schedules and specifications for upcoming CPUs, GPUs, and laptops.
Full articleSummary: Montrose Environmental Group, Inc. will be presenting at the Bank of America Securities 31st Annual Transportation, Airlines, and Industrials Conference discussing a partnership with 3M to remove PFAS compounds from water sources at 3M's chemical manufacturing sites.
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