November 15, 2024

Category: United States Finance

Magnetar Financial LLC Acquires New Stake in Comtech Telecommunications Corp #NewsUnitedStates
United States Finance

Magnetar Financial LLC Acquires New Stake in Comtech Telecommunications Corp #NewsUnitedStates

CashNews.co Introduction to the Transaction On October 17, 2024, Magnetar Financial LLC (Trades, Portfolio) marked a significant portfolio addition by purchasing 19,291,965 shares of Comtech Telecommunications Corp (NASDAQ:CMTL). This transaction introduced a new holding into the firm’s diverse investment portfolio, reflecting a strategic move in the technology sector. The shares were acquired at a price […]

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Nvidia hits record high as chip stocks rally on TSMC’s rosy AI-powered outlook #NewsUnitedStates
United States Finance

Nvidia hits record high as chip stocks rally on TSMC’s rosy AI-powered outlook #NewsUnitedStates

CashNews.co (Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC’s strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectation for annual revenue growth and […]

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Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls #NewsUnitedStates
United States Finance

Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls #NewsUnitedStates

CashNews.co Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter standards for borrowers by instituting tighter verification requirements for proving income and employment. “Our origination trends reflect a deliberate strategy to be increasingly selective in our underwriting with a […]

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