格隆汇5月13日|法国量化对冲基金Capital Fund Management已在上海开设办公室,跟随多家同行的脚步,在全球第二大经济体扩展版图。总裁Philippe Jordan受访时表示,CFM本月早些时候已在Citigroup Tower启用新办公室。目前该据点仅有两名员工,主要作为数据与工程基地,旨在提升CFM在中国市场的交易能力。未来CFM也考虑在中国设立在岸基金,服务本地投资者,同时...
格隆汇5月13日|法国量化对冲基金Capital Fund Management已在上海开设办公室,跟随多家同行的脚步,在全球第二大经济体扩展版图。总裁Philippe Jordan受访时表示,CFM本月早些时候已在Citigroup Tower启用新办公室。目前该据点仅有两名员工,主要作为数据与工程基地,旨在提升CFM在中国市场的交易能力。未来CFM也考虑在中国设立在岸基金,服务本地投资者,同时推出“联接基金”(feeder fund),让中国投资人能投资于公司离岸产品。
Fervo Energy Co. , a geothermal energy developer, raised $1.89 billion in a US initial public offering that priced above the marketed range, after upsizing the deal earlier this week. The Houston-based firm sold 70 million shares for $27 each, according to a statement Tuesday. Fervo had marketed the shares for $25 to $26 each after raising the price range and the number of shares offered on Monday...
Fervo Energy Co. , a geothermal energy developer, raised $1.89 billion in a US initial public offering that priced above the marketed range, after upsizing the deal earlier this week. The Houston-based firm sold 70 million shares for $27 each, according to a statement Tuesday. Fervo had marketed the shares for $25 to $26 each after raising the price range and the number of shares offered on Monday. At the IPO price, the company has a market value of $7.7 billion based on the outstanding shares listed in its filings. The offering drew orders for a double-digit multiple of the number of shares available, people familiar with the matter said earlier. Fervo uses horizontal drilling and multi-stage hydraulic fracturing to produce geothermal energy at its pilot project and expects to deliver power at its first commercial station by the end of 2026. With backing from Bill Gates ’ investment firm Breakthrough Energy Ventures and shale oil producer Devon Energy Corp. , Fervo is among a number of energy producers seeking to capitalize on the growing power demand for data centers. The company has about a $7.2 billion potential backlog of contracted revenue from power purchase agreements across its full portfolio, according to the filings. Fervo also has power agreements with Southern California Edison Co. , Alphabet Inc. ’s Google and Shell Plc . Alphabet was part of a $462 million investment round in December. The company’s Cape Station project in Beaver County, Utah, would be one of the world’s largest geothermal projects with 500 megawatts of power. All told, Fervo disclosed 595,900 total leased acres as well as 2.6 gigawatts in advanced development and more than 38 gigawatts in early-stage development. Fervo had a net loss of $70.5 million on revenue of $138,000 in the year ended Dec. 31, 2025, compared with a net loss of $41.1 million on revenue of $199,000 a year earlier, according to its filings. For the latest news on equity capital markets activity in the US, Canada a...
Nidec Corp. shares slumped as much as 18% in Tokyo on Wednesday after the company said it identified suspected improper quality conduct . The world’s largest manufacturer of precision motors said it will be conducting a comprehensive quality inspection and will announce a response on the issue today. “If the quality tampering allegations prove true, Nidec could face additional cost increases and r...
Nidec Corp. shares slumped as much as 18% in Tokyo on Wednesday after the company said it identified suspected improper quality conduct . The world’s largest manufacturer of precision motors said it will be conducting a comprehensive quality inspection and will announce a response on the issue today. “If the quality tampering allegations prove true, Nidec could face additional cost increases and revenue declines, which would be negative for fundamentals,” Citi analyst Takayuki Naito wrote in a note. “With the June annual shareholders’ meeting and securities report submission approaching, the discovery of additional investigation issues is likely to weigh negatively on the shares,” Naito said. Nidec’s stock has been removed from the Nikkei 225 and Topix indexes, and the Tokyo Stock Exchange has said it may delist the company if it can’t show an improvement in its internal management. Nidec Warns of $1.6 Billion Charges From Accounting Scandal Oasis Takes Stake in Scandal-Embroiled Motor Maker Nidec Nidec Delays Results Again, Vows Culture Reform After Crisis
TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- Park Place Limited (" Park Place "), a privately held company wholly owned by Sheldon Inwentash, announces that effective May 8, 2026, it sold an aggregate of 6,500,000 common shares of AI/ML Innovations Inc. from a control block without filing the requisite Form 45-102F1 in accordance with the timelines set forth in National Instrument 45-102. The trade o...
TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- Park Place Limited (" Park Place "), a privately held company wholly owned by Sheldon Inwentash, announces that effective May 8, 2026, it sold an aggregate of 6,500,000 common shares of AI/ML Innovations Inc. from a control block without filing the requisite Form 45-102F1 in accordance with the timelines set forth in National Instrument 45-102. The trade occurred over the facilities of the Canadian Securities Exchange and the failure to file was due to an administrative error. Park Place regrets the error and is issuing this clarifying press release accordingly.
Ubiquitous American pharmacy operator CVS Health (NYSE: CVS) also had a strong presence on the stock market on Tuesday. That's because its shares traded in positive territory, rising more than 3% in contrast to the slumping S&P 500 index. New and positive notes from analysts tracking the company helped put some wind in its sails. That morning, two pundits raised their price targets on CVS. Going f...
Ubiquitous American pharmacy operator CVS Health (NYSE: CVS) also had a strong presence on the stock market on Tuesday. That's because its shares traded in positive territory, rising more than 3% in contrast to the slumping S&P 500 index. New and positive notes from analysts tracking the company helped put some wind in its sails. That morning, two pundits raised their price targets on CVS. Going first was Lisa Gill from JPMorgan Chase 's J.P. Morgan unit, who now feels the sturdy retail healthcare stock is worth $111 per share -- $10 higher than her previous estimation. Her peer Lance Wilkes followed with a price target boost to $106 per share from $94. Image source: Getty Images. Continue reading
Chinese investors are heading into the earnings season demanding proof that billions in AI spending by tech giants are paying off. That spotlight will fall on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. when they report results on Wednesday. Investors will be looking for evidence that their heavy investments in artificial intelligence are translating into real returns, and whether they ca...
Chinese investors are heading into the earnings season demanding proof that billions in AI spending by tech giants are paying off. That spotlight will fall on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. when they report results on Wednesday. Investors will be looking for evidence that their heavy investments in artificial intelligence are translating into real returns, and whether they can secure enough chips to support those ambitions. Those concerns are underscored by their weak share performance amid a blistering global AI rally. Alibaba’s stock in Hong Kong is down 6.7% this year, while Tencent has slumped 24%, lagging US peers such as Alphabet Inc. and Amazon.com Inc. , whose shares have climbed at least 15% on signs their AI spending is boosting cloud growth and revenues. “Alibaba and Tencent are increasingly facing a ‘show me the profits’ moment, where investors are no longer rewarding AI ambition alone but demanding clear monetization, especially as both lag US hyperscalers that benefit from full stack cloud and AI integration,” said Gary Tan , portfolio manager at Allspring Global Investments LLC. The duo have also been left out of the Chinese tech stock rally , which has seen a sharp divergence in fortunes across subsectors. Investors have favored hardware makers and infrastructure suppliers that are seen as immediate beneficiaries of AI demand, rather than consumer internet giants facing longer and more uncertain monetization cycles. Hefty Spending Alibaba and Tencent have taken different paths to develop their AI. The former adopted a more expansive strategy, investing across the entire stack from chips to large language models. Tencent opted for a more targeted approach, focusing on embedding AI features into its existing WeChat ecosystem rather than building a fully integrated platform from scratch. Both are pouring huge amounts of money into their ambitions. In March, Alibaba pledged to invest $53 billion over several years, aiming to quintup...
As Hegseth Spars With Congress Over Iran War, Trump Decries Criticism As 'Virtual Treason' There was a bit of a narrative shift on display in Congress as back-to-back hearings on Capitol Hill with top defense and Trump admin officials played out Tuesday, with Secretary of War Pete Hegseth repeatedly on the defensive as he and the administration face intensified scrutiny over the Iran war. And the ...
As Hegseth Spars With Congress Over Iran War, Trump Decries Criticism As 'Virtual Treason' There was a bit of a narrative shift on display in Congress as back-to-back hearings on Capitol Hill with top defense and Trump admin officials played out Tuesday, with Secretary of War Pete Hegseth repeatedly on the defensive as he and the administration face intensified scrutiny over the Iran war. And the growing frustration vented in Congress is not just being sounded by Democrats. As Washington Post's Tuesday headline aptly described : Hegseth, Caine encounter intense bipartisan frustration with Iran war . It seems President Trump has been made keenly aware of potential growing rebellion among GOP ranks, and biting criticisms over how the conflict and Strait of Hormuz standoff is going, given he decided to level the word "treason" in an afternoon Truth Social Post. It seemed also aimed at a series of apparent recent sensitive or classified info leaks within the administration and Pentagon to the media , related to the conflict... Trump stated while en route to China: "When the Fake News says that the Iranian enemy is doing well, Militarily, against us, it's virtual TREASON" - and he went on to charge that "they are aiding and abetting the enemy!" "Only Losers, Ingrates, and Fools are able to make a case against America!" he also wrote. This moment might remind the American public of another key turning point in US history when past president cast all criticisms of wars of choice in the Middle East: When President George W. Bush was gearing up to launch new forever wars in Iraq and Afghanistan in the wake of the September 11 attacks, he declared, "Either you are with us or you are with the terrorists." This week also saw arch-neoconservative Robert Kagan break from Trump's Iran War in the the pages of the generally pro-war Atlantic : It’s hard to think of a time when the United States suffered a total defeat in a conflict, a setback so decisive that the strategic loss could...
Jho Low, the fugitive Malaysian financier accused by the United States of being the mastermind of one of the largest financial frauds in history, has asked US President Donald Trump for a pardon. Low, who was charged in 2018 but has evaded arrest, submitted a pardon application to the US Justice Department this year, according to a notice on the DOJ’s website. He is accused of being the architect ...
Jho Low, the fugitive Malaysian financier accused by the United States of being the mastermind of one of the largest financial frauds in history, has asked US President Donald Trump for a pardon. Low, who was charged in 2018 but has evaded arrest, submitted a pardon application to the US Justice Department this year, according to a notice on the DOJ’s website. He is accused of being the architect of a scheme that siphoned at least US$4.5 billion from Malaysia’s sovereign wealth fund, 1Malaysia...