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Chinese robotaxi firm Momenta prices Hong Kong listing at top end, seeks to raise $751 million
Reuters46d agoneutral
Chinese robotaxi firm Momenta prices Hong Kong listing at top end, seeks to raise $751 million

Chinese robotaxi firm Momenta Global said on Tuesday it had priced its Hong Kong ‌listing at the top end of its marketed ‌range, aiming to raise HK$5.89 billion ($751.02 million), joining a wave of tech ​listings reviving the city's capital markets. Here are more details: • The self-driving technology firm is offering 19.9 million shares at an issue price of HK$295.60 per share, an exchange filing ‌showed. It plans ⁠to use about 60% of the net proceeds from the offering to boost research and ⁠development, including upgrading its artificial intelligence computing power, expanding data storage, and scaling up its engineering team, the firm said ​in its ​prospectus.

115 years old but driving huge returns in a most modern way
TheStreet46d agoneutral
115 years old but driving huge returns in a most modern way

This is the sixth and final piece in a series examining "boring" large-cap stocks that have outperformed the Nasdaq-100 over the past five years. The first piece introduced the methodology and the companies. Over the subsequent few weeks, the series has looked at Curtiss-Wright, Williams Companies, ...

Bloomberg46d agoneutral
Peabody Gets US Grant to Boost Rare Earths at Wyoming Coal Mines

(Bloomberg) -- Peabody Energy Corp. was awarded a federal grant to support its efforts to produce rare earth elements and critical minerals in Wyoming, as the US seeks to strengthen its domestic supply chain.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina

Bloomberg46d agoneutral
SK Hynix US Listing Said to Be Multiple Times Oversubscribed

(Bloomberg) -- SK Hynix Inc.’s $28 billion US listing is multiple times oversubscribed ahead of pricing on Thursday, according to people familiar with the matter.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina Sentences Official to Death Over $325 Million

Union Pacific, Norfolk Southern submit more merger data
FreightWaves46d agoneutral
Union Pacific, Norfolk Southern submit more merger data

Union Pacific and Norfolk Southern submitted initial responses to the Surface Transportation Board's request for additional data regarding their proposed transcontinental rail merger. The post Union Pacific, Norfolk Southern submit more merger data appeared first on FreightWaves.

SpaceX Erases All Post-IPO Gains. Will Today’s Nasdaq-100 Addition Help?
24/7 Wall St.46d agoneutral
SpaceX Erases All Post-IPO Gains. Will Today’s Nasdaq-100 Addition Help?

The market has spent much of 2026 rewarding companies tied to artificial intelligence, defense, and space technology with premium valuations. Investors have been willing to pay up for businesses promising decades of future growth, often overlooking near-term fundamentals. That enthusiasm helped make SpaceX‘s (NASDAQ:SPCX) public debut one of the biggest investing stories of the year. ... SpaceX Erases All Post-IPO Gains. Will Today’s Nasdaq-100 Addition Help?

The Portfolio That Pays More Than A Full-Time Minimum Wage Job
24/7 Wall St.46d agoneutral
The Portfolio That Pays More Than A Full-Time Minimum Wage Job

A full-time worker earning the federal $7.25 minimum wage trades 2,080 hours for about $15,080 in gross annual pay. A dividend portfolio can produce the same gross income without a time clock, but the required portfolio can range from about $151,000 to more than $500,000 depending on the yield. That gap is the whole story. ... The Portfolio That Pays More Than A Full-Time Minimum Wage Job

Renasant (RNST): Buy, Sell, or Hold Post Q1 Earnings?
StockStory46d agoneutral
Renasant (RNST): Buy, Sell, or Hold Post Q1 Earnings?

Renasant has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13%. The stock now trades at $42.99, marking a 21% gain. This run-up might have investors contemplating their next move.

Amazon to Issue at Least $25 Billion of New Bonds
The Wall Street Journal46d agoneutral
Amazon to Issue at Least $25 Billion of New Bonds

Another day, another massive bond sale from a company borrowing heavily to invest in artificial-intelligence infrastructure. Amazon is expected to issue at least $25 billion of new U.S.-dollar bonds today, just four months after it issued $37 billion of bonds in the U.

Meet the Stock Spinoff Responsible for the $1.50 Costco Hot Dog
Barrons.com47d agoneutral
Meet the Stock Spinoff Responsible for the $1.50 Costco Hot Dog

The Costco $1.50 hot dog is a cultural phenomenon, and thankfully one of the things Americans can rely on in the era of higher post-Covid inflation. Midera makes grinders, mixers, blenders, ovens, and automation products for the food industry, including equipment to make Costco hot dogs. Middleby typically trades hundreds of thousands of shares a day.

T-Mobile customers will soon lose a 35-year-old wireless service
TheStreet47d agoneutral
T-Mobile customers will soon lose a 35-year-old wireless service

T-Mobile is shutting down a service it has offered customers for 35 years. The move comes as the carrier has recently been phasing out older offerings across its wireless lineup. For example, earlier this month, T-Mobile revealed that it is discontinuing a plethora of older phone plans that ...

Analysts split on 2025's most subscribed IPO stock
TheStreet47d agoneutral
Analysts split on 2025's most subscribed IPO stock

Wall Street is divided over the fate of Circle Internet Group (NYSE: CRCL), the issuer of USDC and one of 2025's most closely watched IPOs. The conflicting takes come after a rival stablecoin's launch triggered a sharp sell-off and a wave of conflicting analyst reactions. USDC remains the ...