Finance

SpaceX insider share sale sets $800 billion valuation as it prepares to go public, Bloomberg News reports

SpaceX insider share sale sets $800 billion valuation as it prepares to go public, Bloomberg News reports

Dec 12 (Reuters) – SpaceX has authorized an insider share sale that values Elon Musk’s company at about $800 billion as the rocket-maker ​prepares for its initial public offering, Bloo...

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Google faces $129 million French asset freeze after Russian ruling, documents show

Google faces $129 million French asset freeze after Russian ruling, documents show

By Leo Marchandon, Inti Landauro and Gleb Bryanski PARIS/MOSCOW, Dec 12 – The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million eur...

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AI bellwether Broadcom shares fall 5% a day after results

AI bellwether Broadcom shares fall 5% a day after results

LONDON, Dec 12 (Reuters) – Broadcom shares dropped 4.7% ​in Frankfurt on Friday ‌a day after the company ‌projected first-quarter revenue above Wall Street estimates, but said margins would ...

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Mitek Systems: Fiscal Q4 Earnings Snapshot

Mitek Systems: Fiscal Q4 Earnings Snapshot

SAN DIEGO (AP) — SAN DIEGO (AP) — Mitek Systems Inc. (MITK) on Thursday reported profit of $1.9 million in its fiscal fourth quarter. The San Diego-based company said it had profit of 4 cents per ...

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Hooker Furniture: Fiscal Q3 Earnings Snapshot

Hooker Furniture: Fiscal Q3 Earnings Snapshot

MARTINSVILLE, Va. (AP) — MARTINSVILLE, Va. (AP) — Hooker Furniture Corp. (HOFT) on Thursday reported a loss of $21.2 million in its fiscal third quarter. On a per-share basis, the Martinsville, Vi...

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Bank of America flags its top 6 investing ideas as it sees the 60/40 portfolio heading for a dismal decade

Bank of America flags its top 6 investing ideas as it sees the 60/40 portfolio heading for a dismal decade

TIMOTHY A. CLARY / AFP via Getty Images The classic 60/40 investment portfolio could be headed for a decade of dismal returns, BofA said. The bank said it believed the 60/40 portfolio wou...

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