Dubai, United Arab Emirates, May 30, 2024 (GLOBE NEWSWIRE) – OKX, a leading cryptocurrency exchange and Web3 technology company, has provided an update for May 31, 2024.
Nelson Peltz sells $1 billion worth of stock after Disney proxy battle
Nelson Peltz, the billionaire investor, has made a significant profit of $1 billion by completely divesting from a contentious proxy battle. Peltz, who is the owner of Trian Fund Management, recently sold his entire stake in Disney at a price of $120 per share, boosting his wealth considerably. This development was reported by CNBC, noting that Disney’s stock is currently trading at approximately $100 per share.
Costco stock hits an all-time high because lower prices mean strong earnings
Costco Wholesale has exceeded revenue expectations for the third quarter due to a steady stream of customers flocking to the warehouse chain for both essential groceries and discretionary items.
Dollar steadies before inflation test; yen brushes off Tokyo CPI
The dollar weakened against other currencies on Friday following a downward revision of the U.S. GDP for the first quarter, indicating a potential for rate cuts. Investors are also preparing for inflation data. The latest official data showed that the U.S. economy grew at a rate of 1.3% from January to March, lower than the initial estimate of 1.6%, due to revisions in consumer spending.
Sneaker Brand Golden Goose Plans Biggest Italy IPO in a Year
Golden Goose Group SpA, a luxury sneaker brand, is preparing for an initial public offering (IPO) in Milan. This IPO is set to become Italy’s largest listing in over a year, providing a boost to Europe’s equity capital markets which have been experiencing an uneven recovery.
Salesforce plummets as weak forecast sparks concern of AI competition
Shares of Salesforce, a cloud-based software firm, plunged 16% before the market opened on Thursday following its lowest quarterly revenue growth forecast ever. The disappointing forecast raised concerns that high interest rates and the emergence of artificial intelligence offerings from competitors were dampening demand for Salesforce’s products.
Morning Bid: Agitated markets wary of June heat
After a period of apprehension in the bond market, there was a slight easing of tension on Thursday. However, investors remain cautious due to concerns over significant sovereign debt sales and uncertainties surrounding upcoming elections, setting the stage for a volatile June.
Futures slip as rate-cut uncertainty persists; data on tap
Stock index futures in the U.S. were affected by the uncertainty surrounding the duration of elevated interest rates set by the Federal Reserve. Investors remained cautious as they awaited crucial data that would provide insight into the state of the economy.