UniCredit has lifted its directly held stake in Commerzbank to 34.4% through the takeover offer it began on May 5, a move that has faced broad opposition in Germany. Weekly figures published by UniCredit under German takeover rules show that shareholders have so far tender
J.C. Flowers has acquired French banking arm of Monte Paschi Banque, for an undisclosed sum The bank had operated as the French unit of Monte dei Paschi di Siena and is due to adopt a new name. From its locations in Paris, Marseille, Nice, Lyon and southern France,
Apple, Alphabet, and other high-growth stocks dominate the latest Investor's Business Daily Breakout Stocks Index update. Apple (AAPL), Alphabet (GOOGL), Broadcom (AVGO), ASML (ASML), and SanDisk (SNDK) are among the top growth stocks featured in the latest Investor's Busi
On Monday, FedEx Corp. spun-off its Freight division. What is left is the combined network of FedEx Express and FedEx Ground It’s an opportune time to remember that FedEx (NYSE: FDX) would be a distant third-place parcel carrier in the U.S. market without the acquis
📈 Transaction Count Growth Across Major Blockchains (30D) 🥇 TON +60.7% 🥈 Sui +34.8% 🥉 Base +25.8% One possible driver behind TON's growth is the network's fee reduction introduced in early May, which lowered transaction costs by nearly 6x. Sui's increase may have been s
Central banks' gold holdings now exceed U.S. Treasurys by market share, reflecting shifting reserve strategies amid economic uncertainty. Gold has become the world’s largest global reserve asset by market share, surpassing U.S. Treasurys, according to the European Central
Quick Read - NVDA turned $1,000 in 2016 into nearly $197,000 today, a ~70% annualized return that obliterated the S&P 500's 261% gain. - Revenue surged 85% and gross margins held at 75%, but heavy hyperscaler concentration means one bad capex guide could quickly erase 20%. - The...</stron
Headlines: US president Trump reaffirms that Iran has agreed to not have a nuclear weapon Iran reserves right to defend against any country permitting US attacks EU says latest US tariffs on forced labour grounds are unjustified USD/JPY continues to poke and prod at intervention...</stron
Meta, Microsoft, Amazon, and Alphabet are about to spend a shocking amount of money to dominate the AI era The artificial intelligence spending for Big Tech has only just begun. The news: Goldman Sachs strategist Amanda Lynam has put some fresh numbers on hyperscaler capex
DBS forecasts a pre-emptive ECB rate hike to 2.25% amid US-Iran tensions and downgraded Eurozone growth outlook. The European Central Bank is expected to raise its deposit rate by 25bps to 2.25% at its June 11 meeting, driven by stagflation risks from US-Iran tensions. DBS