S&P Dow Jones Indices announced it will maintain its existing eligibility rules for the S&P 500 index, meaning newly public companies like SpaceX cannot be added immediately. SpaceX, despite its large market value, must wait at least one year after its IPO before being considered for inclusion. This decision underscores the index's commitment to stability and consistency rather than fast-tracking megacap companies. Investors should expect no changes to how quickly big IPOs enter the S&P 500 in the near future.
QBIX, LLC has rebranded as Northbank Technology Group, emphasizing its 23 years of Microsoft ERP expertise and a stronger focus on Microsoft Dynamics 365 Business Central. The company aims to help Northern California businesses modernize their financ...
The US Supreme Court unanimously ruled in favor of Hikma Pharmaceuticals, ending a patent infringement lawsuit filed by Amarin. The dispute involved Hikma's generic icosapent ethyl, a fish oil-based medicine for severe hypertriglyceridemia, which Hik...
Broadcom's stock fell 12.59% after its AI revenue guidance met but did not exceed high market expectations. Historically, similar steep drops in Broadcom shares have marked strong buying opportunities, with average gains over 85% in six months follow...
Rubrik reported Q1 earnings of 16 cents per share, beating the expected loss of three cents, with revenue of $387.07 million surpassing estimates. Subscription annual recurring revenue (ARR) grew 32% year-over-year to $1.57 billion. The company raise...
Diana Shipping Inc. has criticized Genco Shipping & Trading for changing its valuation methods to avoid engaging with Diana's $24.80 per share all-cash takeover offer. Diana argues it has consistently offered around 1.0x NAV based on broker valuation...
