(RTTNews) - Bitcoin Depot Inc. (BTM, BTMWW), on Tuesday, announced that Chief Executive Officer Scott Buchanan has stepped down, effective immediately, to pursue another opportunity.
(RTTNews) - Bitcoin Depot Inc. (BTM, BTMWW), on Tuesday, announced that Chief Executive Officer Scott Buchanan has stepped down, effective immediately, to pursue another opportunity.
IMAX (IMAX) Corporation announces the opening weekend for Amazon (AMZN) / MGM Studies’ “Project Hail Mary,” with IMAX delivering $28M at the global box office. The latest Filmed For IMAX release from Amazon/MGM, “Project Hail Mary” delivered $16.4 million in IMAX at the Domestic box office – 20% of the film’s North American debut on just 1% of screens in the market. “‘Project Hail Mary’ is an exce...
IMAX (IMAX) Corporation announces the opening weekend for Amazon (AMZN) / MGM Studies’ “Project Hail Mary,” with IMAX delivering $28M at the global box office. The latest Filmed For IMAX release from Amazon/MGM, “Project Hail Mary” delivered $16.4 million in IMAX at the Domestic box office – 20% of the film’s North American debut on just 1% of screens in the market. “‘Project Hail Mary’ is an excellent film for which Amazon/MGM ran a brilliant campaign, leaning heavily on the power of IMAX as a
Andrii Dodonov/iStock via Getty Images Ares Management has become the latest major investment firm to limit withdrawals from its private credit offerings, as the $2T asset class confronts an unprecedented wave of redemption requests, the Financial Times reports. The $623B investment group capped redemptions from its Ares Strategic Income Fund at 5%—a threshold built into the fund’s structure that ...
Andrii Dodonov/iStock via Getty Images Ares Management has become the latest major investment firm to limit withdrawals from its private credit offerings, as the $2T asset class confronts an unprecedented wave of redemption requests, the Financial Times reports. The $623B investment group capped redemptions from its Ares Strategic Income Fund at 5%—a threshold built into the fund’s structure that allows it to restrict outflows during periods of stress. The fund received $1.2B in redemption requests during Q1, representing 11.6% of its $10.7B asset base, but fulfilled only $524M of those requests. The move follows similar actions by competitors, including Apollo Global Management ( APO ) and BlackRock’s ( BLK ) HPS Investment Partners unit. According to FT reporting, funds managing a combined $211B in portfolios have received $13B in withdrawal requests this quarter, with almost $4.6B left unfilled. Ares ( ARES ) attributed the redemptions to a “limited number” of family offices and smaller institutions representing less than 1 percent of the fund’s more than 20,000 investors. The redemption restriction allowed the fund’s asset base to grow in the period after receiving $708M in new commitments, the FT said . The withdrawal caps are expected to dampen appetite among wealthy individuals for private credit products during a period that's projected to experience slower fundraising across the market, according to analysts. The redemption wave may also complicate the industry’s efforts to expand into the $9T US retirement market, where companies are awaiting regulatory changes that would open 401(k) plans to private investments. More on Ares Management Corporation Ares Management: High-Yield Growth Story With Elevated Risks Ares Management: Beware Catching The Private Credit Falling Knife Ares Management: Dividend Yield Spikes On 20% Hike And AI Ghosts, AUM Hits Record Eni boosts distribution policy, reaches deal to share control of Plenitude unit with Ares Private credit...
Micron (NASDAQ:MU) just tripled its revenue over its most recent quarter, delivered some of the highest margins in memory history, and guided for continued strength, projecting $33.5 billion in revenue and gross margins expanding to 81% in the current quarter. Yet its stock remains down by 13% since the earnings release.
Micron (NASDAQ:MU) just tripled its revenue over its most recent quarter, delivered some of the highest margins in memory history, and guided for continued strength, projecting $33.5 billion in revenue and gross margins expanding to 81% in the current quarter. Yet its stock remains down by 13% since the earnings release.
STORY: From a potential smartphone comeback for Amazon to OpenAI's big offer... This is Tech Weekly. :: Tech Weekly Amazon plans a smartphone comeback, more than a decade after one of the firm's most high-profile flops. The Fire Phone came out in 2014, but was cancelled just over a year later. Sources said Amazon's latest smartphone effort is known internally as 'Transformer'. The timeline for the...
STORY: From a potential smartphone comeback for Amazon to OpenAI's big offer... This is Tech Weekly. :: Tech Weekly Amazon plans a smartphone comeback, more than a decade after one of the firm's most high-profile flops. The Fire Phone came out in 2014, but was cancelled just over a year later. Sources said Amazon's latest smartphone effort is known internally as 'Transformer'. The timeline for the project is unclear, and the sources warned it could be ditched if the strategy shifts or due to financial concerns. Sources said OpenAI wants to form joint ventures with buyout firms. They added the ChatGPT maker has offered private-equity firms a guaranteed minimum return of 17.5%, and early access to its newest AI models as part of the move. It aims to raise fresh capital and push forward adoption of enterprise AI products. The sources further said OpenAI is trying to offer a more attractive deal than rival Anthropic, which is also looking for partnerships. Rivian struck a deal with Uber to provide robotaxis to the ride-hailing service. Both companies said Uber will invest up to $1.25 billion into the electric vehicle maker. In turn, Rivian will provide 10,000 fully autonomous robotaxis starting in two years' time. Investors liked what they heard as Rivian shares jumped as much as a tenth on the update. The Amazon Web Services region in Bahrain was "disrupted" amid the current conflict in the Middle East. It marked the second time in a month its operations were affected by the war. Amazon said the disruption was due to drone activity in the area. The company said it's helping to migrate customers to alternate AWS regions while it recovers. Although it didn't provide more details on the extent of the damage or how long it believes the disruption could last. SpaceX and Tesla will build two advanced chip factories at a facility in Austin, Texas. That was the word from CEO Elon Musk, who unveiled the 'Terafab' project. He said one facility will make chips for cars and humano...
Koppers targets a 2026 cash flow inflection and deleveraging, but tariff risks, rail cuts and carbon turmoil keep upside tightly balanced with execution risks.
Koppers targets a 2026 cash flow inflection and deleveraging, but tariff risks, rail cuts and carbon turmoil keep upside tightly balanced with execution risks.
Here are Tuesday biggest calls on Wall Street: Evercore ISI reiterates Apple as outperform Evercore ISI said its survey checks show Apple Services like Apple TV remain strong. "We ran our annual Apple Services survey over the past week (surveying ~3.5k smartphone users) and results point to continued strength across Apple's Services ecosystem, with engagement and monetization both trending higher....
Here are Tuesday biggest calls on Wall Street: Evercore ISI reiterates Apple as outperform Evercore ISI said its survey checks show Apple Services like Apple TV remain strong. "We ran our annual Apple Services survey over the past week (surveying ~3.5k smartphone users) and results point to continued strength across Apple's Services ecosystem, with engagement and monetization both trending higher." BMO upgrades Arthur J. Gallagher to outperform from market perform The firm said its call may be early but that shares are compelling. "Medium/longer term, we estimate AJG will continue to throw off EPS growth well above the S & P 500's average." Citi upgrades Ralph Lauren to buy from neutral Citi said the stock is a "best-in-class winner." "We are upgrading RL from Neutral to Buy. Mgmt's efforts to elevate the brand have driven strong performance, and at the end of F26 RL will have achieved a 6.5% sales CAGR and over 350bps of EBIT margin expansion since F22." Read more . Stifel initiates LCI Industries as buy Stifel said shares of the recreational vehicle supply company have plenty of room to run. "We are initiating coverage of LCI Industries (LCII) with a Buy rating on the shares and a 12- month target price of $152." BMO upgrades First Majestic Silver to outperform from market perform BMO said the metals and mining company has a compelling valuation. "The key driver of our Outperform rating is First Majestic' s valuation multiples compared to historical ranges." Jefferies initiates OneSpaWorld as buy Jefferies said it sees "steady growth" for the spa company. "We initiate Buy on OSW, as the company sits at the intersection of durable cruise industry growth, rising prioritization of wellness, and a monopoly-like market position in outsourced maritime wellness services." JPMorgan upgrades Ecolab to overweight from neutral JPMorgan said investors should buy the weakness. " Ecolab shares have traded off since February 27 as tensions in the Mideast have risen, compared to ...
Malaysian users are among victims targeted by a newly uncovered iPhone spyware operation that researchers say was used by multiple threat actors across countries, in a sign that sophisticated mobile-hacking tools are spreading through a murkier commercial and criminal ecosystem. The spyware, known as DarkSword, was observed targeting entities in Malaysia, Ukraine, Saudi Arabia and Turkey, and was ...
Malaysian users are among victims targeted by a newly uncovered iPhone spyware operation that researchers say was used by multiple threat actors across countries, in a sign that sophisticated mobile-hacking tools are spreading through a murkier commercial and criminal ecosystem. The spyware, known as DarkSword, was observed targeting entities in Malaysia, Ukraine, Saudi Arabia and Turkey, and was uncovered by investigators shortly after they exposed another exploit kit, Coruna, linked to the...
"Shark Tank" investor Kevin O'Leary isn't known for tossing out compliments like free samples, but when it comes to Tesla CEO Elon Musk, he sounds like someone who's stopped debating the pitch and started tracking the results. "Very few people at this point would doubt Elon on anything," O'Leary said on Fox Business last month. "He kind of has mandates and he delivers one way or the other. The guy...
"Shark Tank" investor Kevin O'Leary isn't known for tossing out compliments like free samples, but when it comes to Tesla CEO Elon Musk, he sounds like someone who's stopped debating the pitch and started tracking the results. "Very few people at this point would doubt Elon on anything," O'Leary said on Fox Business last month. "He kind of has mandates and he delivers one way or the other. The guy executes, and that's remarkable." That's not a casual endorsement. It's a summary of how Musk tends