Stock Tofu


Channel's geo and language: Singapore, English


A tofu a day keeps liquidation at bay🔥🔥
Your all-in-one hub for market news and updates.
Checkout other tofu at:
- https://t.me/cryptotofu
- @tofurobot

Related channels

Channel's geo and language
Singapore, English
Statistics
Posts filter


🔥Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion

Jersey Mike's sandwich chain has been acquired by private equity firm Blackstone for $8 billion. Blackstone's private equity funds will acquire majority ownership to support the chain's expansion efforts in the U.S. and beyond. The deal, expected to close in early 2025, will see Jersey Mike’s founder retaining a significant equity stake in the company. Jersey Mike's, originally established in 1956, has experienced rapid growth, with sales reaching $3.3 billion in 2023. This acquisition is part of Blackstone's strategy to invest in expanding franchise businesses.

👉Read here


🔥Nvidia Partners with Google AI

Nvidia collaborated with Google Quantum AI to enhance quantum computing using CUDA-Q and Eos supercomputing power, reducing simulation times significantly. The partnership aims to address challenges like noise in quantum hardware, advancing innovation. By leveraging Nvidia's technology and Google's hybrid quantum-classical computing, simulations analyze noise and qubit interactions crucial for scaling quantum hardware accurately. The collaboration democratizes high-fidelity simulations, benefiting various industries and solving complex real-world challenges. Despite concerns about technical issues in Nvidia's latest AI chips, the collaboration is expected to foster innovation in cryptography and AI applications. NVDA stock is up 2.47% at $143.62.

👉Read here


🔥Intuitive Machines CFO to present at Deutsche Bank Global Space Summit in NYC

Deutsche Bank is hosting the Global Space Summit on November 20, 2024, at the Deutsche Bank Center in New York. The event will cover topics like Direct-to-Device Connectivity, Beyond Earth activities, satellite buses/payloads/components market growth, Space investment outlook, Geospatial Intelligence, Defense Technology, and The Launch Shortage in the Space industry. Multiple companies are participating in the summit, comprising public and private companies. For more details, participants can access panelist biographies, the agenda, attending companies, and contact information on the Deutsche Bank website.

👉Read here


🔥Robinhood ($HOOD) to acquire TradePMR

Robinhood has agreed to acquire TradePMR, a platform for Registered Investment Advisors (RIAs), to enhance its investment advisory capabilities. TradePMR brings in a scaled RIA platform with over 350 firms and $40 billion in assets under administration. The acquisition aims to cater to evolving customer needs by offering top-ranked RIA custody and portfolio management services. By uniting Robinhood's technology with fiduciary advisors, the acquisition targets providing financial advice tailored to individual goals. Additionally, the deal includes plans to build a referral program for RIAs and enhance technology platforms to connect with Robinhood customers. The transaction is expected to close in the first half of 2025, subject to customary conditions and regulatory approvals.

👉Read here


🔥MARA to raise $1 BILLION at 0.0% interest to buy more Bitcoin after initial $750m offer was oversubscribed

MARA Holdings, Inc. priced an oversubscribed and upsized offering of Zero-Coupon Convertible Senior Notes due 2030, totaling $850 million. The notes will not bear regular interest, mature on March 1, 2030, and can be converted into cash, MARA’s common stock, or a combination. Proceeds will fund bitcoin acquisitions, repurchase existing convertible notes due 2026, and general corporate purposes. The net proceeds are estimated at around $833 million. The initial conversion price is set at $25.9133 per share, providing holders with conversion options based on certain events. MARA emphasizes the importance of the offering to qualified institutional buyers and notes that the securities have not been registered under the Securities Act. DISCLAIMERRemove any further content after this summary.

👉Read here


🔥Warren Buffett Breaks 6-Year Streak, Doesn't Buy Back Berkshire Shares Despite $320B Cash Pile

Warren Buffett broke a 6-year streak by not buying back Berkshire shares despite having $320 billion in cash. He sold millions of Apple and Bank of America shares in Q3 and did not repurchase any shares, signaling the stock might be overvalued. Berkshire's Class A shares have risen over 30% year-to-date. The massive cash pile, mostly in short-term Treasury bills, signals caution about the market's current state. The "Buffett Indicator" is close to record highs, indicating US stocks may be overvalued. Buffett sees little room for market growth and may wait for a better entry point. The article also cautions that investments are subject to risks and past performance doesn't guarantee future returns.

👉Read here


🔎 Undervalued Stock:

🏷 APA Corporation (APA)
Analyst rating: Hold

🏷 Jazz Pharmaceuticals plc (JAZZ)
Analyst rating: Buy

🏷 White Mountains Insurance Group, Ltd. (WTM)
Analyst rating: Not available.


🔥Supermicro Announces Appointment of BDO USA as Independent Auditor and Filing of Compliance Plan with Nasdaq

Supermicro appointed BDO USA as its independent auditor and filed a compliance plan with Nasdaq. The Audit Committee engaged BDO as the auditor, aiming to bring financial statements current swiftly. Supermicro submitted a plan to Nasdaq to extend the time for compliance. They believe they can meet reporting deadlines and stay listed on Nasdaq. The company stated forward-looking statements cautioning risks and uncertainties. Supermicro is a global IT solutions leader focusing on innovation and environmental impact with in-house design and production capabilities. They offer a comprehensive range of products and solutions.

👉Read here


🔥MicroStrategy Announces Proposed Private Offering of $1.75B of Convertible Senior Notes

MicroStrategy plans to offer $1.75 billion of convertible senior notes in a private offering. The notes have a maturity date of December 1, 2029, with potential options for redemption or conversion. Proceeds will be used for bitcoin acquisition and corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons. The notes are unsecured, with no regular interest, and convertible into cash or MicroStrategy's common stock. MicroStrategy will conduct a live Video Webinar on November 19, 2024, for potential participants. Furthermore, MicroStrategy introduces itself as a Bitcoin Treasury Company and enterprise analytics software provider. Forward-looking statements include details on the offering and its related uncertainties.

👉Read here


🔥Trump names fracking executive Chris Wright energy secretary. Calls on Liberty Energy ($LBRT)?

Chris Wright, a fracking executive, has been nominated by Trump to lead the US Energy Department. He is known for his role in the American Shale Revolution and is expected to focus on increasing fossil fuel production. Wright is a climate change sceptic who prioritizes energy security and affordability. Trump aims to boost US energy dominance with Wright's appointment by cutting red tape and encouraging private sector investments. The fossil fuel industry anticipates growth under the upcoming administration, emphasizing a shift towards increased oil production. Wright's nomination aligns with Trump's focus on expanding fossil fuel resources and reducing environmental regulations.

👉Read here


🔥SMCI news (nothing on delisting issue yet)

Supermicro announces direct-liquid-optimized NVIDIA Blackwell solutions, introducing the highest-performing SuperCluster for AI data centers with increased GPU compute density. The SuperCluster features NVIDIA HGX B200 8-GPU systems in a liquid-cooled rack, addressing accelerated computing for HPC and enterprise AI applications. Supermicro also enhances its NVIDIA Hopper systems to meet the demands of mainstream AI adoption. The Supermicro SuperClusters utilize direct liquid cooling for improved performance and efficiency, while paving the way for denser AI computing solutions. For more information, visit www.supermicro.com/hpc. Additionally, Supermicro introduces solutions supporting NVIDIA GB200 Grace Blackwell Superchips and NVIDIA H200 NVL for accelerated computing systems, enabling faster LLM inference performance and AI acceleration. Want to learn more? Visit Supermicro at the Supercomputing Conference 2024, booth #2531, Hall B.

👉Read here


🔥Trump taps big tech critic Carr to lead US communications agency

Trump has nominated Brendan Carr, a big tech critic backed by Elon Musk, to lead the Federal Communications Commission (FCC). Carr has been praised by Trump for his stance on Free Speech and regulatory issues stifling innovation. Carr is set to focus on restoring free speech rights and challenging tech giants like Facebook and Google. He has a history of opposing regulatory decisions and advocating for fewer regulations within the FCC. Carr's alignment with Musk and support for cutting regulations and addressing political bias in media have been highlighted. This nomination aligns with Trump's push to hold major broadcasters accountable and regulate big tech companies. Carr's previous experience, including his alliance with Musk, positions him to address key goals within the FCC.

👉Read here


🔥Michael Saylor's MicroStrategy Added Additional 51,780 Bitcoin for $4.6B

Bitcoin holdings of MicroStrategy have increased to 331.2K after purchasing an additional 51,780 Bitcoin for $4.6B. The company now holds Bitcoin worth nearly $30B acquired for around $16.5B. This purchase was funded through selling shares. MicroStrategy's shares are down 1% premarket but up nearly 400% this year. The company continues to add to its Bitcoin holdings, with recent purchases totaling 72,000 BTC for $6.6B. Michael Saylor, the Executive Chairman, teased the latest purchase disclosure recently. This acquisition follows a previous purchase of 27,200 BTC for $2B.

👉Read here


🔥Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules

Tesla stock surged by 8.33% in premarket trading after reports of Trump's team aiming to prioritize a federal framework for regulating self-driving vehicles. Elon Musk, advocating for Trump's return to office, might benefit from this close relationship. Trump appointed Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency, focusing on reducing regulations. CNBC is seeking comments to verify the report.

👉Read here


🔎 Undervalued Stock:

🏷 Match Group, Inc. (MTCH)
Analyst rating: Buy

🏷 Victory Capital Holdings, Inc. (VCTR)
Analyst rating: Buy

🏷 Eldorado Gold Corporation (EGO)
Analyst rating: Buy


🔥USD/CHF holds below 0.8900 as Russia-Ukraine tensions escalate

USD/CHF remains below 0.8900 amid escalating Russia-Ukraine tensions. The pair hovers near 0.8875 in the European session with the US Dollar weakening. Factors influencing the pair include Swiss Industrial Production data and a speech by the Fed's Austan Goolsbee. Despite Trump Trades losing momentum, positive US economic data and Fed officials' cautious stance may limit the pair's downside. US Retail Sales rose by 0.4% in October, exceeding expectations. Geopolitical tensions between Russia and Ukraine contribute to safe-haven flows supporting the Swiss Franc. News of the US allowing Ukraine to use arms against Russia adds to market uncertainty. The Swiss Franc is considered a safe-haven currency due to Switzerland's stable economy, strong export sector, and political neutrality. The SNB's decisions, economic data, and Eurozone stability also impact the Swiss Franc's value. Trading in foreign exchange carries risks and requires thorough research._fxstreet

👉Read here


🔥Trump Team Is Seeking to Ease US Rules for Self-Driving Cars

The Trump team plans to prioritize creating a federal framework for fully self-driving vehicles within the Transportation Department. By easing current regulations, they aim to benefit companies like Tesla and its CEO Elon Musk, who heavily invest in autonomous technology. These new rules could allow for vehicles without human controls, potentially boosting mass adoption of self-driving cars. The team is considering policy leaders for the department and a bipartisan legislative measure to regulate autonomous vehicles is being discussed. Elon Musk aims to produce driverless Tesla robotaxis by 2026 but faces challenges due to existing regulations. Previous efforts to regulate autonomous vehicles at a federal level have encountered obstacles, including increasing the cap on self-driving vehicle deployment. The Trump administration has named Musk and Vivek Ramaswamy to oversee a new Government Efficiency initiative aiming to reduce bureaucracy and regulations.

👉Read here


🔥Biden Allows Ukraine to Strike Russia With Long-Range U.S. Missiles

👉Read here


🔥Stock Rally Stumbles with Nvidia Earnings

The stock market has seen optimism due to positive economic data and earnings, but faces a hurdle with Nvidia's upcoming report. Nvidia's performance is crucial for tech and AI stocks. Analysts are optimistic about Nvidia's earnings, but risks exist. Other market movers include retail earnings, Federal Reserve minutes, and global economic indicators. This week is significant for the year-end market outlook based on Nvidia's results. Investors should diversify, watch Nvidia's earnings, monitor economic data, and prepare for volatility in the stock market. Nvidia's performance will impact the tech sector and overall market sentiment for the rest of 2023. Stay informed and cautious as this week unfolds.

👉Read here


🔥United States’ first known case of more severe strain of mpox confirmed in California | CNN

The first known case of a more severe strain of mpox in the US was confirmed in California by the Centers for Disease Control and Prevention. The infected person had traveled from Eastern Africa where an outbreak is ongoing, but the risk to the public is considered low. The subtype responsible for the recent spread is clade Ib, which has been reported in several countries outside of Africa. The CDC states that clade I mpox historically caused more severe illness and deaths than clade II mpox, but recent data show milder disease courses. The World Health Organization notes a rise in mpox cases in Africa, mainly in specific countries. Mpox, related to smallpox, spreads through close contact and contaminated materials. Initial symptoms are flu-like, followed by a rash that scabs over. Prevention includes avoiding contact with infected individuals and getting vaccinated. The WHO is convening to discuss if the current outbreak constitutes a public health emergency of international concern.



👉Read here

20 last posts shown.