NewsRoom Articles - Page 19 of 37

WednesdayOct 02, 2024 9:00 am

Truist Securities Maintains Hold Recommendation for QuantumScape Stock

Truist Securities recently kept its Hold rating on QuantumScape Corp. (NYSE: QS) shares, maintaining a price target of $7. While this shows that the firm is taking a cautious stance, QuantumScape’s groundbreaking work in battery technology continues to impress. So, what’s going on with QuantumScape, and why does Truist remain on the fence? One of the company's biggest highlights is its QSE-5 battery, a major breakthrough in the industry. Cutting-edge architecture could set new performance standards and improve energy-storage efficiency, a crucial aspect for industries relying on efficient energy storage. If things go well, the batteries could be game-changers for…

MondaySep 30, 2024 9:00 am

Bitfarms, Riot Platforms Reach Settlement Over Takeover Conflict

After months of the takeover conflict, Bitfarms and Riot Platforms Inc. (NASDAQ: RIOT) have finally reached an agreement that promises a new chapter for both of them. The saga began earlier this year when Riot Platforms made an unsolicited move to acquire Bitfarms. According to reports, the Bitcoin mining company offered to purchase all its outstanding stock for $2.30 per share — a 24% premium, which is a whopping $950 million. However, members of the Bitfarms board had other plans. Despite the seemingly generous offer, Bitfarms declined the offer. Nevertheless, Riot didn’t walk away quietly. Instead, the company made a…

FridaySep 27, 2024 9:00 am

JPMorgan Maintains Bullish Outlook for NIO Stock

There’s some good news for electric vehicle enthusiasts and NIO Inc. (NYSE: NIO) investors; JPMorgan, a leading investment banker, recently repeated its positive stance on NIO stock, keeping an Overweight rating with a price target of $8. So, what’s fueling this optimism? First, this bullish outlook comes immediately following JPMorgan’s analyst attending Confluent’s user conference, Current 2024, in Austin, Texas. One thing that made the event abuzz was the new innovations and strategic moves. These included Confluent's soon-to-be-released Bring-Your-Own-Cloud service and its recent acquisition of Warpstream. Tacked together, these move to further improve Confluent's competitive advantage, widen its reach in…

WednesdaySep 25, 2024 9:00 am

Chechen Warlord Accuses Musk of Remotely Disabling Cybertruck

In what feels like a plot straight out of a sci-fi movie, Chechen warlord Ramzan Kadyrov has claimed that billionaire tech mogul Elon Musk remotely deactivated a Tesla Inc. (NASDAQ: TSLA) Cybertruck that he supposedly gifted him in Chechnya. Kadyrov, who is close to Vladimir Putin, said that Musk "switched off" the Cybertruck from across the globe. The saga began when Kadyrov shared a video of himself driving a Tesla Cybertruck outfitted with a machine gun on its roof. When Musk gifted Kadyrov the electric pickup truck, he was over the moon. According to the Chechen leader, it is fast,…

MondaySep 23, 2024 9:00 am

A First in the Industry: Quantum Computer Fixes Own Errors

A significant milestone that promises to change technology in quantum computing has been reached. For the first time in the history of computers, a quantum computer has fixed its own errors mid-calculation. Quantum error correction, as scientists are calling it, is a process that makes quantum computers more reliable. It also has the potential to pave the way for these computers to solve problems that are a challenge for advanced classical computers. So why does error correction matter? Well, Quantum computers are not like ordinary laptops or even phones. These machines perform calculations using quantum bits, or qubits, which harness…

FridaySep 20, 2024 9:00 am

Rivian Opts to Follow Different Philosophy from Tesla in China

Rivian, a young electric vehicle (EV) company, has decided to do things differently by choosing a different philosophy compared to Tesla in China. Even though Tesla popularized electric vehicles (EVs) around the world and are now expanding into China, the two companies have decided to take different approaches. According to Rivian Automotive Inc. (NASDAQ: RIVN), it has decided to carve its own path and not follow every move by Tesla, particularly in the Chinese market. Rivian is not trying to compete directly with Tesla in the Chinese market. This could come as quite a surprise, especially since Tesla has already…

WednesdaySep 18, 2024 9:00 am

Lucid Teases New EV Set for 2026 Release

Lucid Motors (NASDAQ: LCID), a luxury electric vehicle manufacturer, has once again made headlines in the electric vehicle (EV) industry. The company teased that it would release its new EV in late 2026. This new model, which is expected to be a game changer for the company, is set to rival giants such as the Tesla model Y. Lucid, known for its luxury electric sedans and groundbreaking technology, believes that this new model, which it calls the Lucid Earth, will be a great option for EV enthusiasts who want an affordable yet high-performing EV. In a post on X, the…

MondaySep 16, 2024 9:00 am

Judge Says Coinbase Must Face Stockholder Class Action Suit

Coinbase Global Inc. (NASDAQ: COIN), the largest U.S. cryptocurrency exchange, is in a sticky situation after the federal judge overseeing the class action lawsuit filed by its shareholders ruled that the suit will proceed. The judge made a ruling that the allegations that Coinbase downplayed the likelihood that the U.S. Securities and Commission (SEC) would sue them, were credible. Coinbase was sued in June 2023 by the SEC for violating the U.S federal securities law. The judge's decision not to dismiss the suit has stunned the world of cryptocurrency, with many wondering about Coinbase's transparency with its investors. The legal…

FridaySep 13, 2024 9:00 am

Chinese Exchanges to Include Alibaba in Stock Connect Scheme

Starting this week, Shanghai and Shenzhen stock exchanges will include Alibaba and other companies in the Stock Connect cross-border investment scheme. This significant development for investors and financial markets alike will ensure that the Shenzhen and Shanghai exchanges link up with the Hong Kong stock exchange in a more seamless financial network. So, what significance does this hold? To begin with, Alibaba Group Holding Ltd. (NYSE: BABA)'s inclusion in the scheme is a game-changer for investors and the broader financial landscape. The tech behemoth has now officially been added to a program allowing investors in mainland China to trade shares…

WednesdaySep 11, 2024 9:00 am

Rumble Director Sells More Than 27,000 Company Shares

A director at Rumble Inc. (NASDAQ: RUM) made headlines on Sept. 6, 2024, by selling 27,500 shares. These class A common stock shares were sold at $5.23 per share, resulting in a total of $143,825. Following the sale, Robert Arsov now has 14,742,337 shares at the online video-sharing company. The move, which drew the attention of investors and industry watchers alike, is the latest in a series of insider sales over the past year. This has led to many asking what it means for the company. Insider sales at the Toronto-based company are not limited to Arsov alone. There have…

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