(Reuters) – Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing the stock’s valuation….
(Reuters) -Elon Musk said on Monday he would ban Apple devices at his companies if the iPhone maker integrates OpenAI at the OS level. “That is an unacceptable security violation,” the Tesla CEO said on a post on X. “And visitors will have to check their Apple devices at the door, where they will be…
(Reuters) – Southwest Airlines’ shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier. According to the Journal’s report on Sunday, Elliott is one of Southwest’s largest investors and plans to push for…
(Reuters) – Microsoft kicked off its annual Xbox Games Showcase on Sunday, unveiling a new all-digital version of its Xbox Series X and S consoles as well as trailers for more than a dozen games including the next installment of “Call of Duty.” The Games Showcase comes at a crucial time for Xbox and Microsoft…
(Reuters) – As Nvidia threatens to dethrone Microsoft as the world’s most valuable company, at least a few investors are betting its soaring shares will return to earth. Outstanding short bets against Nvidia stand at about $34 billion, nearly twice as much as what has been bet against Apple and Tesla, the next two biggest…
By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Initial public offerings of Walmart’s Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of…
By Maha El Dahan DUBAI (Reuters) – Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away…
(Reuters) – Virgin Galactic flew four tourists to the edge of space and back aboard its spaceplane, marking the second flight this year, the Richard Branson-founded company said on Saturday. The Galactic 07 mission carried Turkish, U.S. and Italian passengers to an altitude of about 55 miles (88.51 km) on a flight lasting slightly more…
(Reuters) – Walgreens Boots Alliance has shelved plans for a potential initial public offering of its UK-based Boots drugstore chain as sale talks continue, Bloomberg News reported on Friday citing people with knowledge of the matter. The pharmacy chain is now exploring other options for Boots and has continued informal talks with potential buyers, including…
By Arasu Kannagi Basil and Echo Wang (Reuters) -Shares of Waystar fell 2.3% below their initial public offering price in their Nasdaq Global Select Market debut on Friday, giving the healthcare payments company a valuation of $3.50 billion. The company’s stock opened at $21, slightly below the IPO price of $21.50, which was at the…
