Featured Stocks

Walgreens Boots Alliance will be taken private by Sycamore Partners in a $10 billion deal, the companies announced Thursday, marking the end of nearly a century of public trading for the US pharmacy giant. The move comes after years of financial turbulence that saw Walgreens’ market value plummet from a peak of $100 billion to… Continue reading Walgreens to go private in $10B deal with Sycamore: how the pharmacy giant fell from grace

Rystad Energy research forecasts that the global offshore wind industry will rebound in 2025, with capacity additions predicted to hit 19 gigawatts (GW) and sector-wide spending expected to reach $80 billion. The slowdown at the end of last year, when new installations dropped by 2 GW to approximately 8 GW, has been followed by a… Continue reading Global offshore wind poised for landmark 19GW of additions in 2025

Ola Electric has laid off more than 1,000 employees and contract workers as the company looks to curb rising losses, Bloomberg reported. The cuts impact several departments, including procurement, fulfillment, customer relations, and charging infrastructure. This marks the second major round of layoffs in less than five months, following a workforce reduction of around 500… Continue reading Ola Electric lays off over 1,000 workers as losses mount: what’s ailing the EV maker?

Anthropic has introduced Claude 3.7 Sonnet, a frontier AI model designed to provide users with both immediate and more considered responses. The company touts it as the industry’s first “hybrid AI reasoning model,” allowing users to choose how long the AI “thinks” before generating an answer. The rollout, announced on Monday, is part of Anthropic’s… Continue reading Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

One of the world’s largest private equity investors, Bain Capital, has made an approach to acquire Chemring, the FTSE 250-listed defence and aerospace firm, according to a report by Sky News. The move is part of a growing trend of foreign buyout interest in undervalued UK companies. Share price of Chemring Group was up by… Continue reading Chemring shares surge 14% on Bain Capital acquisition buzz

From the bustling days of open outcry—where traders and brokers shouted buy and sell orders on the trading floor—to today’s seamless “click-and-transact” mobile platforms, equity trading and investment have evolved significantly in India and across the world. Now, like many industries, equity investing is being reshaped by artificial intelligence—one model at a time. With the… Continue reading Interview: AI for stocks is like giving investors an Iron Man suit, says Bruce Keith of InvestorAi

Elon Musk’s social media company, X, is in discussions to raise new funding at a $44 billion valuation—the same price Musk paid when acquiring the platform, formerly known as Twitter, in 2022, as per a Bloomberg report. If successful, the funding round would mark a turnaround for X after Musk’s overhaul led to an exodus… Continue reading Musk’s X reportedly in funding talks at $44B valuation—the price he paid for Twitter

Nikola Corp., once hailed as a rising star in the electric vehicle industry, has filed for Chapter 11 bankruptcy protection, marking the end of a dramatic rise and fall. The company, which once boasted a market valuation higher than Ford’s, failed to secure additional funding or find a buyer to keep its operations afloat. On… Continue reading Nikola files for chapter 11 bankruptcy as cash flow issues, weak demand for vehicles take a toll

The World Gold Council expects bar and coin demand in China to stay strong even as high gold prices may negatively impact gold jewelry sales, despite consumer spending remaining relatively stable.  In the long run, a pilot program that permits Chinese insurers to purchase physical gold should further bolster investment demand, the council said in… Continue reading Why WGC expects China’s gold bar and coin demand to remain strong?