Tag Archives: sell

Reuters IBM, Amazon partner to extend reach of data tools for oil companies International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data. Amazon in 2018 worked with Royal Dutch Shell to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardized format for multinational oil… Source link

(Bloomberg) — Elon Musk’s social media followers have spoken: The Tesla Inc. chief should sell 10% of his stake in the electric-car maker. Most Read from Bloomberg A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk launched Saturday and closed shortly after 2:15 p.m. Sunday in New York. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds. “I was prepared to accept either outcome,” Musk… Source link

Stocks sank and the tech-heavy Nasdaq (^IXIC) suffered its biggest pullback since March on Tuesday, while bond yields (^TNX) rallied to a three-month high amid concerns over rising inflation and higher interest rates. The market’s volatility index (^VIX), the so-called fear gauge, hit its highest level in at least five months, but that wasn’t enough to scare away “Shark Tank” investor and entrepreneur Kevin O’Leary. “Volatility, I don’t love it,” O’Leary told Yahoo Finance Live,… Source link

The financial crisis gripping major Chinese property developer Evergrande has triggered a sharp turn in broader stock market sentiment, as seen by the S&P 500 dropping below its key 50-day moving average.  With news of the Evergrande debacle gaining steam last Friday, the S&P 500 closed the session below the 50-day moving average for the first time since June. The tenuous situation of Evergrande — which includes potential missed debt repayments — gained steam over the weekend and caused… Source link

By Jonnelle Marte (Reuters) – Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and would not trade in those accounts as long as they are serving in their roles. The announcements come… Source link

Uber is set to sell its ownership stake in a handful of joint ventures with Russian Internet giant Yandex. According to a release from Yandex, Uber’s board approved the sale of shares in Yandex.Eats, Yandex.Lavka and Yandex.Delivery. Uber is set to sell 33.5-percent stake in the grocery delivery service, the hyper-local convenience delivery program the company’s last-mile logistics solution respectively. Uber will also sell its 18.2 percent stake in the Yandex Self-Driving Group… Source link

Robinhood (HOOD) shares tanked 27% to close the session at $50.27 after several wild sessions. Thursday’s decline followed an announcement that some stockholders would be cashing out up to 97.8 million shares. The news came after a massive two-day rally. The investment platform’s shares had gained 100% earlier this week. Robinhood appears to be the newest meme stock on the Wall Street, highlighting the power of retail investors. It was one of the most mentioned stocks on Reddit’s… Source link

Anthony Di Iorio will be severing his major ties to the cryptocurrency industry and selling his current venture Decentral to start a philanthropic foundation in the next year, the Ethereum co-founder told CoinDesk in a phone interview. “I’m a crypto guy and I don’t want to be known as a crypto person,” he said. “I want to be known as a problem solver.” Concerns about his personal security figured “a good 20%” into his decision, he said. Related: Vitalik Buterin Is Involved in a… Source link

Bitcoin was trading for well over $60,000 in April, after making an astounding run from $11,000 in October. But after a tough first half of May, it’s been at about $33,000 as the crypto buzz died down. The cycles of bitcoin’s (BTC) popularity are a hallmark of the digital asset, so far at least, and despite its novelty, it’s old enough (12 years) for some patterns to have emerged. Though there’s no guarantee that what comes next won’t be different, hedge fund veteran and co-founder of… Source link

Virgin Galactic Holdings (SPCE) is looking to sell up to $500 million worth of common stock. The company has engaged the services of Credit Suisse Securities (CS), Morgan Stanley (MS), and Goldman Sachs (GS) as part of a capital raising drive. The three will act as the company’s agents in the sale. SPCE stock price plunged 17.30% to close at $40.69 yesterday. The agents are entitled to commission at a mutually agreed rate that will not exceed 2% of the gross sales price. (See Virgin… Source link