New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S. automotive industry was on… Continue reading Ford, GM, Stellantis face a daunting second half of 2024
Tag: Morgan
Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8bAfter the stake sale, the PE firm will become the fifth-largest shareholder in the e…
Nasdaq said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator through a secondary public offering. The announcement sent Nasdaq shares down 2.8% after the bell. Last year, Nasdaq struck a $10.5 billion cash-and-stock deal to buy fintech firm Adenza from Thoma Bravo, giving the private… Continue reading Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8bAfter the stake sale, the PE firm will become the fifth-largest shareholder in the e…
3 No-Brainer Warren Buffett Stocks to Buy Right Now
Legendary investor Warren Buffett has owned these stocks for a long time — here’s why you should buy them, too. Warren Buffett has a knack for investing and making his money work for him like none other. The returns of Berkshire Hathaway, Buffet’s company, speak for themselves: Between 1964 and 2023, Class A shares of… Continue reading 3 No-Brainer Warren Buffett Stocks to Buy Right Now
GM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. DETROIT — General Motors’ newest Chevrolet Corvette will be the most powerful version of the American sports car ever produced — and it’s not even close. The Detroit automaker said Thursday the 2025 Chevy Corvette ZR1 will be powered by a twin-turbocharged, 5.5-liter, V8 engine capable… Continue reading GM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed
NASA’s Perseverance rover found a rock on Mars that could indicate ancient life
NASA’s Perseverance rover has been collecting samples from Mars since 2021, but one of its most recently collected rocks could help it achieve its goal of finding evidence of ancient life on the planet. Nicknamed Cheyava Falls after the tallest waterfall in the Grand Canyon, the 3.2 feet by 2 feet sample contains “chemical signatures… Continue reading NASA’s Perseverance rover found a rock on Mars that could indicate ancient life
Cowbell Secures $60 million Series C Funding from Zurich Insurance Group to Scale Up Operations and Advance Global SME Cyber Adoption
Company continues its mission to near-term operating profitability; New capital to fuel growth with new products, new geographies, and resilience services PLEASANTON, Calif., and ZURICH, July 26, 2024 /PRNewswire/ — Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), announced today that it has closed a $60 million Series C equity… Continue reading Cowbell Secures $60 million Series C Funding from Zurich Insurance Group to Scale Up Operations and Advance Global SME Cyber Adoption
Ford shares post worst day since 2008, leading autos rout after company’s disappointing earnings
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford closed Thursday at $11.16, down by 18.4% —… Continue reading Ford shares post worst day since 2008, leading autos rout after company’s disappointing earnings
We’re slashing our rating on Ford after the automaker’s old issues come back to haunt it
Ford Motor on Wednesday reported a disappointing second quarter, missing earnings expectations by a wide margin as higher warranty costs ate into profits. We’re downgrading the automaker and sending its stock back to the penalty box in response to the reemergence of these quality problems. Automotive revenue increased 6% year over year, to $47.8 billion,… Continue reading We’re slashing our rating on Ford after the automaker’s old issues come back to haunt it
@Groupe PSA: PR One Equity Partners Invests in Comau to Foster Greater Growth in the Italian Industrial Automation Leader007676
AMSTERDAM – Stellantis N.V., one of the world’s largest automakers and mobility providers, and One Equity Partners (“OEP”), a middle market private equity firm, today announced that OEP has signed a binding agreement to make a majority investment in Comau S.p.A. (“Comau”), a global technology company specializing in industrial automation and advanced robotics. The spinoff… Continue reading @Groupe PSA: PR One Equity Partners Invests in Comau to Foster Greater Growth in the Italian Industrial Automation Leader007676
Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…
Indian drugmaker Mankind Pharma Ltd on Thursday said it has signed a deal to buy Bharat Serums & Vaccines Ltd (BSV), from private equity firm Advent International for Rs 13,630 crores ($1.63 billion). The deal will help Mankind expand into the Indian women’s health and fertility drug market besides giving it access to other high-entry… Continue reading Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…