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Investing.com64d agobearish
Amazon to invest billions in Missouri data center, stock gains 3%

In an official statement, Amazon said the new data center campus will create jobs and generate tax revenues that could fund infrastructure improvements across the county. The company also committed more than $7 million in direct community contributions, including funding for emergency dispatch services and local infrastructure.

SpaceX Stock Trades Higher Again After Historic IPO
The Wall Street Journal64d agoneutral
SpaceX Stock Trades Higher Again After Historic IPO

Shares of SpaceX rose more than 10% Monday, putting Elon Musk’s rocket company within reach of Amazon's market capitalization. Last week, the company pulled off the largest initial public offering ever and one of the smoothest in recent history.

If You Put $500 a Month into This Tech ETF Since 2016, You Could Retire Tomorrow
24/7 Wall St.64d agoneutral
If You Put $500 a Month into This Tech ETF Since 2016, You Could Retire Tomorrow

Drop $500 into the VanEck Semiconductor ETF (NYSEARCA:SMH) starting in June, 2016, add another $500 every month, and the math pegs the account at $495,000 this week. Total contributions across those ten years come to $60,500. Everything else is what a single-sector ETF did to your money while you ignored it. The math holds up ... If You Put $500 a Month into This Tech ETF Since 2016, You Could Retire Tomorrow

Roku For Sale? JPMorgan Sees Comcast As The Most Logical Buyer
Benzinga64d agobullish
Roku For Sale? JPMorgan Sees Comcast As The Most Logical Buyer

Roku Inc. (NASDAQ:ROKU) shares surged Friday after a report suggested the streaming platform is exploring a potential sale. Now, JPMorgan believes one name stands out from a crowded field of possible buyers. In a note following the report, analyst Cory Carpenter said Roku’s combination of TV operating system ownership and distribution into more than 100 million households makes it a strategic asset. While the firm sees potential logic for combinations involving Amazon.com Inc. (NASDAQ:AMZN), Net

Payoneer to be acquired by Nuvei in $2.75B all-cash deal
Proactive64d agoneutral
Payoneer to be acquired by Nuvei in $2.75B all-cash deal

Nuvei has agreed to acquire Nasdaq-listed Payoneer Global (NASDAQ:PAYO) in an all-cash deal valuing the cross-border payments company at approximately $2.75 billion, sending Payoneer shares up 4.1%. Under the terms of the agreement, Nuvei will pay $7.40 per share for all outstanding common...

What Is The Market Really Expecting From PLTR Stock?
Trefis64d agoneutral
What Is The Market Really Expecting From PLTR Stock?

At $127.99, Palantir Technologies (PLTR) is being priced to deliver 33.3% revenue growth annually for the next 7 years simply to defend today's 134.3x multiple. That sits below the 67.7% the business is currently growing at, which is the unusual part. The multiple has already priced in a slowdown that has not yet appeared.

Israel's El Al Airlines signs internet deal with Elon Musk's Starlink
Reuters64d agoneutral
Israel's El Al Airlines signs internet deal with Elon Musk's Starlink

El Al Israel Airlines has signed a deal with Elon Musk's Starlink to make high-speed internet ‌available across its fleet starting next year, the airline said on ‌Monday. Financial details of the agreement were not disclosed. Israel's flag carrier said SpaceX's Starlink service would be ​offered free of additional charge and would allow hundreds of customers to connect simultaneously, including on long-haul flights.

Reuters64d agobullish
Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push

Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, ‌as the Canadian fintech aims to expand globally. Nuvei will buy ‌all shares of Payoneer for $7.40 apiece, a premium of about 44% to their last ​close on June 8. Payoneer has a market capitalization of about $2.26 billion, according to data compiled by LSEG.

Fox to buy streaming pioneer Roku in a $22 billion deal
Associated Press64d agobullish
Fox to buy streaming pioneer Roku in a $22 billion deal

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

Amazon (AMZN) Moves To Unlock An Entire Continent, How Big Is The Target Market?
Insider Monkey64d agoneutral
Amazon (AMZN) Moves To Unlock An Entire Continent, How Big Is The Target Market?

Amazon.com Inc. (NASDAQ:AMZN) is one of the 10 Stocks That Can Still Skyrocket On The Neo Cloud Boom. On June 4, Amazon.com Inc. (NASDAQ:AMZN) introduced its Amazon Prime service in South Africa as part of its effort to become one of the dominant retailers in the country. With its high demand, the company priced the […]

Jim Cramer on Simon Property Group: “Terrific Record, Buy It”
Insider Monkey64d agobullish
Jim Cramer on Simon Property Group: “Terrific Record, Buy It”

Simon Property Group, Inc. (NYSE:SPG) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer highlighted the stock’s yield, as he said: … Simon Property Group. The late great David Simon put together the best collection of shopping malls in America. The stock now yields 4.15%. […]