November 12, 20240 Comments

Nissan shares jump more than 20% after activist Effissimo takes stake By Reuters

TOKYO (Reuters) – Nissan (OTC:) Motor shares jumped as much as 20.6% on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker. In a regulatory filing on Monday, Nissan listed Cayman Islands-registered ECM Master Fund as a shareholder with a 2.5%stake as of end-September. ECM Master Fund is affiliated with Effissimo, according to SEC filings. Source

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November 11, 20240 Comments

Singapore’s Grab raises annual revenue forecast, shares jump By Reuters

(Reuters) – Singapore’s Grab Holdings (NASDAQ:) raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses. U.S.-listed shares of the company rose 9% in extended trading. The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion. Its mainstay food delivery business has been recovering

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November 11, 20240 Comments

Tesla shares rise premarket, pointing to extension in post-election rally By Investing.com

Investing.com – Shares in Tesla (NASDAQ:) jumped by more than 6% in premarket US trading on Monday (NASDAQ:), pointing to an extension in a post-election rally in the electric vehicle giant. The stock spiked by 8.2% on Friday, pushing Tesla’s market valuation above $1 trillion, fueled by wagers that the company and its Chief Executive Elon Musk would be major beneficiaries of Trump’s second four-year term in the White House. Musk

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November 11, 20240 Comments

SIX Swiss deal sends Aquis Exchange shares skyrocketing, nearly doubling in value By Investing.com

Investing.com — Aquis Exchange Plc’s (LON:) stock more than doubled on Monday (NASDAQ:) after the takeover announcement by SIX Swiss Exchange.  The deal places Aquis’ valuation at £194 million, marking a significant premium over recent trading values.  This move comes as SIX seeks to expand its reach in the European market, broadening its service offerings across asset trading, market data, and technology solutions. In a joint statement, SIX said that

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November 11, 20240 Comments

SIA shares fall 6% as profit nearly halves amid intensifying competition

An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Shares of Singapore Airlines dropped after the city-state’s flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. As markets opened on Monday,

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November 10, 20240 Comments

US shares, Bitcoin hit record high and dollar soars on Trump win

US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. Bitcoin also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency. Investors were, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest

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November 9, 20240 Comments

Trump Media shares jump after Trump says he won’t sell By Reuters

By Caroline Valetkevitch and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Shares of Trump Media & Technology Group gained on Friday after U.S. President-elect Donald Trump said he had no intention of selling his shares in the company, which owns his Truth Social media platform. In a post on Truth Social, Trump rejected what he described as rumors that he was planning to sell shares a day after the stock slumped. “There

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