Tag Archives: Investment

Google has been the unassailable leader among search engines for around 20 years. However, Microsoft ‘s reported plans to integrate artificial-intelligence technology from OpenAI into its search tools are raising questions about whether it could threaten Google’s dominance.  Source link

Microsoft ‘s investment in OpenAI should offer “significant underappreciated upside” for the big technology stock in the months ahead, according to D.A. Davidson. The firm initiated coverage of the tech bellwether with a buy rating and $270 price target, viewing its investment in the research company, which operates ChatGPT, as a potential short-term catalyst for shares that help support its premium valuation. “Longer-term, we believe incorporating ChatGPT capabilities into Bing may provide… Source link

Yahoo has announced key appointments to its team in APAC, to support the accelerated growth of its ad tech business in the region. Matt Farrington joins Yahoo as APAC Head of Partnerships & Investment. Sandra Lin comes on board as the new APAC Head of DSP Strategy. Kenneth Koh joins as Head of DSP SEA. The latest appointments come amidst growing demand for Yahoo’s ad tech product solutions and services in APAC as brands strengthen their digital… Source link

Despite an offseason of mixed headlines for Jerry Jones — some controversial and others unflattering — the Dallas Cowboys owner continues to dominate in the financial arena. For the 12th straight year, Forbes has calculated the Cowboys as the most valuable franchise in the NFL, pegging the team’s worth at a whopping $8 billion. That’s a staggering 23 percent increase over last year, thanks in part to the league’s revenue rebound since the 2020 pandemic season and the recent $4.65… Source link

Lori Systems, an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in which Google participated along with other existing investors. Sources say the company raised at a slightly higher valuation than its last $110 million valuation in 2020.  This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the… Source link

Orion Engineered Carbons S.A. (NYSE:OEC) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 6.3% resulting in a US$62m addition to the company’s market value. Put another way, the original US$2.7m acquisition is now worth US$2.9m. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. … Source link

There’s a “hurricane” coming for the U.S. economy, and investors should brace themselves for more volatility. At least that’s what JPMorgan Chase CEO Jamie Dimon said earlier this month at an annual conference sponsored by AllianceBernstein. Dimon, often considered the voice of the banking industry, is just one of many Wall Street titans painting a less-than-rosy economic picture. From hedge fund billionaire Leon Cooperman to Morgan Stanley’s CEO James Gorman, bearish predictions… Source link

SAO PAULO, June 14 (Reuters) – Alphabet Inc’s (GOOGL.O) Google Cloud announced on Tuesday it has invested 1.6 billion reais ($312.65 million) in technical infrastructure since 2017 in Brazil, as well as the opening of a new office and engineering center in the country. Google Cloud investments have been aimed at “helping the company’s customers diversify their service portfolios, extend their digital capabilities, and drive new business,” the company said at the Google for Brazil event in Sao… Source link

If the Federal Reserve stays on its current course of major interest rate hikes, stocks may drop another 25%, according to a top executive at Ray Dalio’s Bridgewater Associates hedge fund. Bridgewater Associates co–chief investment officer Greg Jensen said inflation is not going away, which could force the Fed to continue hiking interest rates, likely more than Wall Street currently anticipates. Story continues “We’re in a radically different world,” Jensen said in an interview with… Source link

Top economists and money managers worldwide are warning that rising consumer prices and falling economic growth are combining to form a deadly recipe for the global economy—stagflation. Some 77% of investment fund managers say they see “below-trend growth and above-trend inflation,” a.k.a stagflation, as the most likely outcome for the global economy over the next year, according to a May survey from Bank of America Global Research. That’s the highest percentage seen since August… Source link