Arm’s Blockbuster IPO Draws 28 Banks, Fee Arrangements Remain a Mystery In a high-stakes move, chip designer Arm has managed to secure the involvement of 28 banks for its much-anticipated initial public offering (IPO), all without disclosing any fee arrangements. This intriguing development underscores the significant leverage held by Arm’s owner, SoftBank Group, over underwriters …
WhatsApp’s Latest Update Introduces Group Naming Convenience for All Users WhatsApp, the popular messaging platform used by billions globally, has introduced a convenient and user-friendly update. This update is currently being rolled out worldwide and is available for WhatsApp users on iOS, Android, web, and macOS. The new feature simplifies the process of naming group …
Apple Emerges as the Most Under-Owned Tech Giant in the U.S., Defying Historical Trends In a surprising turn of events, Apple Inc. has taken the crown as the most under-owned large tech company in the United States. This remarkable feat is attributed to a substantial surge in the company’s S&P 500 weighting and institutional ownership …
US Stocks Rally Over 1% as 10-Year Treasury Rates Fall Amid Economic Concerns On a volatile Wednesday in the financial markets, U.S. stocks experienced a notable surge, with gains exceeding 1%. The primary catalyst for this upward momentum was a sharp 15-basis-point decline in the 10-year U.S. Treasury rate. This significant shift in the bond …
Elon Musk Teases Cybertruck’s Imminent Arrival with Twitter Photo In his characteristic enigmatic style, tech mogul Elon Musk recently took to X (formerly Twitter) to share an intriguing glimpse into the highly anticipated Cybertruck project. The photo showcased Musk seated behind the wheel of what he referred to as a “production candidate” Cybertruck, sending waves …