Benzinga | Detroit Free Press JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg Magnificent 7 tech giants saw gains in May, too,
Google will invest $7 billion to officially build a data center in Cedar Rapids and expand cloud and artificial intelligence infrastructure in its Council Bluffs complex, more than doubling its existing investment in Iowa. State and city leaders say the May 30 announcement positions Iowa and Cedar Rapids as leaders in delivering AI technology to
Adria Cimino | The Motley Fool Foxconn plans huge Taiwan AI data center with Nvidia Taiwan’s Foxconn, the world’s largest contract electronics maker, said on May 20 that an artificial intelligence center it announced with Nvidia will be built in phases and is targeted to have 100 megawatts of power. All eyes are on Nvidia
Los Angeles-based investment firm Transom Capital Group agreed to acquire SigmaTron International Inc. for $18.5 million. An affiliate of Transom will acquire all outstanding shares of the company’s common stock for $3.02 per share in cash, representing a total enterprise value of approximately $83 million. The purchase price represents a premium of 134% over the
Los Angeles-based Kingswood Capital Management, LP and Performance Investment Partners, LLC (PIP), also based in Los Angeles, have announced they have completed the acquisition of The Vitamin Shoppe, a leading pure-play omnichannel retailer of vitamins and nutritional supplements, from Franchise Group, Inc. As part of the transaction, Sharon Leite, who previously served as chief executive
JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg JPMorgan Chase JPM.NCEO Jamie Dimon said the bank’s succession plans were unchanged, without giving a timeline for when his successor might
DOJ criminal probe investigates UnitedHealth Group for Medicare fraud The Wall Street Journal reported the Department of Justice is investigating UnitedHealth Group for possible Medicare fraud. UnitedHealth Group UNH.N investors, stunned by missteps at the once predictable healthcare giant, are warily expecting strategic changes in its Medicare Advantage health insurance business over the next year. On Wednesday,
(MENAFN– GlobeNewsWire – Nasdaq) Company intends to lead the craft spirits e-commerce space in accepting Bitcoin and Dogecoin as a form of payment and to hold them as strategic assets GIG HARBOR, Wash., May 15, 2025 (GLOBE NEWSWIRE) — Heritage Distilling Holding Company, Inc. (NASDAQ: CASK) (“HDC” or“Heritage” or the“Company”), a leading craft distiller of
Warren Buffett’s famous quote, “be fearful when others are greedy and greedy when others are fearful,” inspired 26-year-old Natalie Fisher to start investing in the stock market in 2020. Fisher’s story isn’t unique. The Oracle of Omaha has been a role model for countless investors throughout his career, with fans regarding him as a father
The former chairman of Vinco Ventures, which tried and failed to popularize a TikTok rival, pleaded guilty to conspiring to commit securities fraud. Roderick Vanderbilt was Vinco’s chairman during a tumultuous period at the company, which was detailed in an investigation by Business Insider. Its stock swung wildly on a string of splashy announcements — including