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OSBC News30 articles
Bitmine Stock Trails Crypto Holdings After Russell 1000 Entry
Bitmine (BMNR) shares ended the holiday-shortened week at $14.36, up 1.48%, but still trade at a discount to the company's $9.8 billion in crypto and other assets.
Dell's Texas Move Sets $7.7B Bar for Shareholder Lawsuits
Dell's reincorporation in Texas includes a 3% ownership rule for derivative lawsuits, equating to about $7.7 billion. Shares dropped 7.27% to $394.32, despite strong AI server revenue.
Goldman Sachs Edges Higher; EMEA M&A Lead Sets Stage for Q2 Report
Goldman Sachs shares ended the holiday-shortened week nearly unchanged, as the bank's top ranking in EMEA M&A league tables and upcoming Q2 earnings draw investor focus.
ExxonMobil Holdings Debuts on NYSE, Eyes Strong Q2 Earnings
ExxonMobil Holdings (XOM) started trading as the new public parent, closing at $137.09. Analysts see Q2 adjusted net income at $15.9 billion, but oil price weakness raises concerns.
Scotiabank's Dividend Yield Premium Holds Ahead of Ex-Dividend Date
Scotiabank stock closed at C$122.39, yielding 3.73%—109 bps above the peer median—as it prepares to go ex-dividend on July 7 with a C$1.14 quarterly payout.
Bitmine's Ether Holdings Surpass Market Cap as Independence Day Halts Trading
Bitmine's gross holdings of Ether, Bitcoin, and cash total about $10.08 billion, exceeding its $8.18 billion market cap. Trading resumes Monday after the Independence Day holiday.
MARA Holdings Ends Week Below Insider Tax Price; Long Ridge Deal in Focus
MARA finished Thursday at $12.40, down 7.26%, ending a four-day slide ahead of the July 4 holiday. New filings show insider tax-related share withholding at $13.89, while the Long Ridge deal provides key financial context.
Nu Holdings Buyback Impact Limited by Heavy Trading Volume
Nu Holdings' $1 billion buyback is viewed as modest against $2.8 billion in shares traded during a shortened holiday week, with analysts noting limited impact on credit and margin issues.
Nvidia Holds Steady as Cloud Partners Plan Massive 210,000-GPU Deployment
Nvidia shares rose 1.2% week-over-week amid plans by cloud partners to deploy up to 210,000 GPUs, highlighting a shift to revenue-sharing models.
BitMine Stock Trades at Discount to Crypto Holdings as ETH Dominates Treasury
BitMine shares ended Thursday at $14.36, up 1.5%, but still trade at roughly 83 cents per dollar of reported crypto and cash holdings as Ethereum's value climbs.
MARA Holdings Slumps 8.4% as Bitcoin Rally Fails to Lift Miner Stocks
MARA Holdings fell 8.4% to $12.25 despite bitcoin's 2.5% gain, as mining stocks decoupled from crypto. Riot, CleanSpark, IREN, and Core Scientific dropped 9-11%.
Gold Surges Past $4,100 on Weak US Jobs Data, Fed Rate Cut Hopes
Gold surged past $4,100 after weaker-than-expected US jobs data and downward revisions to prior months fueled hopes for Federal Reserve rate cuts. Spot gold rose 2.4% to $4,126.97.
Linkhome Holdings Surges 315% After Mortgage One Acquisition, GPU Financing Launch
Linkhome Holdings (NASDAQ:LHAI) closed up 315% at $2.74 after completing its Mortgage One acquisition and launching a GPU financing initiative, boosting market cap to $44.5 million.
Nokia Shares Slide as FMR Reduces Voting Stake Below 5% Threshold
Nokia shares dropped 2.15% as FMR LLC reduced its voting stake below 5%, with the company set to report Q2 earnings on July 23.
Nu Holdings Announces $1 Billion Buyback; Stock Steadies Ahead of Holiday
Nu Holdings (NU) announced a $1 billion share buyback plan. The stock steadied around $13.40 after a volatile session with volume surging 62% above average.
UiPath Stock Holds Gains as Growth Pivot Shifts to Second Half
UiPath shares hover around $11.55 after a 6% gain, as full-year ARR guidance signals a heavier growth ramp in the second half.
Chip Rout Weighs on Tech, But Broader Market Holds Steady in After-Hours Trading
U.S. index ETFs slipped in after-hours trading Wednesday, but losses were contained compared to a sharp chip selloff during the regular session.
Lime Parent Neutron Holdings Rises 4% in Nasdaq Debut
Neutron Holdings (Lime) closed its Nasdaq debut at $26.00, a 4% gain from its $25 IPO price, with a modest first-day performance.
Nokia Shares Dip as FMR's Voting Stake Slips Below 5% Threshold
Nokia shares edged lower after FMR LLC's voting rights fell to 4.92%, slipping below Finland's 5% disclosure threshold, though its economic stake stayed at 5.20%.
Nu Holdings stock gains on heavy volume, nearing buyback limit
Nu Holdings shares rose 1.16% on heavy volume, with dollar turnover hitting 64% of its $1 billion buyback authorization, outperforming the Brazil ETF.
Nu Holdings Shares Surge on Buyback Announcement, Outperform Peers
Nu Holdings (NU) shares climbed 1.8% to $13.36, outpacing major ETFs, following a $1 billion buyback announcement that signals confidence in capital management.
Nova Scotia Gas Prices Climb Ahead of Canada Day; Diesel Holds Steady
Nova Scotia gasoline prices increased 3.6 cents per litre this week, while diesel stayed flat. The regulator removed a negative adjustment, lifting gasoline, but diesel remained unchanged.
707 Cayman Holdings Surges Over 200% After Adding Digital Assets Expert to Board
Shares of 707 Cayman Holdings (NASDAQ:JEM) more than tripled Tuesday after the company announced the appointment of Robin Hoksnes Karlsen to its board, with volume surging to 82.4 million shares.
Honeywell Aerospace Holds Steady After S&P 500 Debut, Cash Flow Goals in Focus
Honeywell Aerospace shares edged up after joining the S&P 500, as the market weighs its ambitious free cash flow goals and supply chain outlook.
AbbVie's $65B Surge Outpaces Apogee Acquisition Cost by Sixfold
AbbVie's stock surge added $65B in market cap, six times its $10.9B Apogee deal cost, as Skyrizi approval and immunology demand offset Humira declines.
Archer Aviation's Texas Move Stalls Despite Strong Shareholder Support
Archer Aviation's proposal to reincorporate in Texas failed due to insufficient shareholder votes, despite over 80% support from voted shares. The stock remains near a 52-week low.
Nu Holdings Ends Week Higher After Needham's Bullish Initiation
Nu Holdings (NU) surged 5.7% to $13.17 on Friday, reversing earlier losses to post a 3.6% weekly gain, after Needham initiated coverage with a $17 price target, citing a scaled and profitable customer base and expected U.S. expansion.
MARA's Bitcoin Holdings and Long Ridge Deal Drive Stock Amid Crypto Dip
MARA stock gains 4.5% as $2.1B bitcoin holdings and Long Ridge power deal shape investor focus ahead of a short trading week.
Ripple's Luxembourg License Paves Way for EU Payments, XRP Holds Steady
Ripple's preliminary MiCA license in Luxembourg could unlock regulated EU payments, but XRP remains near $1.05, 71% below its peak, as investors seek proof that RLUSD drives real demand on the XRP Ledger.
Intuitive Surgical Stock Holds Above $400 as Analysts Split Ahead of Q2 Earnings
Intuitive Surgical (ISRG) closed at $404.70, barely above its 52-week low, as analysts hold mixed views ahead of Q2 earnings on July 16. High volume from FTSE Russell rebalancing adds pressure on the $400 support level.