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AST SpaceMobile (ASTS) Has a $1.3B Backlog. Can it Build Fast Enough?
Insider Monkey1d agoneutral
AST SpaceMobile (ASTS) Has a $1.3B Backlog. Can it Build Fast Enough?

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares closed 4.4% lower at $68.76 on August 10 before the company released its results. Second-quarter revenue of $31.5 million missed the approximately $34.5 million consensus, while the net loss attributable to common stockholders widened to $230.9 million. Investors appeared more interested in AST SpaceMobile, Inc. (NASDAQ:ASTS)’s deployment progress. The company […]

Stripe, Advent in Talks to Buy PayPal
The Wall Street Journal1d agobullish
Stripe, Advent in Talks to Buy PayPal

PayPal Holdings is in talks to sell itself to a group that includes Stripe and the private-equity firm Advent International, according to people familiar with the matter. Stripe and Advent in July proposed paying $60.50 a share for PayPal, a price PayPal viewed as insufficient, some of the people said.

ETF Zoo: Substance Over Shenanigans Still Matters in ETFs
etf.com1d agoneutral
ETF Zoo: Substance Over Shenanigans Still Matters in ETFs

<p>Are the days numbered for 351 exchanges, box spread, and dividend-avoiding ETFs? Tune into this episode of <em>ETF Zoo</em> to find out, plus learn why markets seem to care less and less about the struggling consumer, and what the recent NEOS acquisition could indicate for the future of the options income category. </p>

Waymo doubles down on the cars America won’t let you buy
TheStreet1d agobullish
Waymo doubles down on the cars America won’t let you buy

Trade barriers are supposed to be simple machines. You raise the price of a thing until buying it stops making sense, and the buying stops. Washington built one of the tallest of those walls in modern trade policy around Chinese electric vehicles, and by the only measure most people can see, it ...

Why Is Teledyne Technologies (TDY) Paying a 52% Premium for Varex (VREX)?
Insider Monkey1d agoneutral
Why Is Teledyne Technologies (TDY) Paying a 52% Premium for Varex (VREX)?

Varex Imaging Corporation (NASDAQ:VREX) surged 48.5% to $18.42 on August 10 after Teledyne Technologies Incorporated (NYSE:TDY) agreed to acquire the X-ray technology company for $18.90 per share in cash. The offer represents a 52% premium to Varex’s unaffected closing price and values the transaction at approximately $1.1 billion, including equity awards and net debt. Teledyne […]

Why Viavi Solutions (VIAV) Stock Is Up Today
StockStory1d agoneutral
Why Viavi Solutions (VIAV) Stock Is Up Today

Shares of network testing solutions company Viavi Solutions (NASDAQ:VIAV) jumped 11% in the afternoon session after the company announced the industry's first channel emulator designed for next-generation 6G and Wi-Fi 7/8 testing.

Tiger Global Management cuts stakes in Big Tech, buys into SpaceX
Reuters1d agoneutral
Tiger Global Management cuts stakes in Big Tech, buys into SpaceX

Tiger Global Management trimmed several of its Big Tech stakes, exited Netflix, and took positions in Advanced ‌Micro Devices and SpaceX during the second quarter, according to ‌regulatory disclosures filed Friday. • The hedge fund cut its Alphabet holdings by 45.4% to 5.81 million shares as of June 30 from the end of March, and its Nvidia stake by 6.8% to 11.20 million shares. • ‌It trimmed its Microsoft ⁠stake by 9.3% to 2.27 million shares and its Amazon position by 3.2% to 9.68 million shares.

Readers Weigh In on the Risks of Investing in Funds Promising Pre-IPO Shares
The Wall Street Journal1d agoneutral
Readers Weigh In on the Risks of Investing in Funds Promising Pre-IPO Shares

After SpaceX went public in June, individuals who bought into funds promising shares of the company were eager for their paydays. A Wall Street Journal article last week featured an investor who is still trying to figure out what happened to the money he invested in a SpaceX fund in 2020. Many readers wrote in saying they were in situations similar to that of Ram Rupireddy, the investor featured in the article.