A proposed class-action lawsuit accusing Microsoft’s LinkedIn of improperly using the private data of its Premium customers to train generative artificial intelligence (AI) models has been voluntarily dismissed. The lawsuit, which was filed in a San Jose, California federal court, has been dropped by the plaintiff just nine days after…
Goldman Sachs has upgraded Ultrapar Participações S.A. (UGPA3) from hold to buy, despite lowering its target price from R$25.10 to R$19.70. Goldman Sachs believes Ultrapar is well-positioned for mergers and acquisitions (M&A) in the current macroeconomic environment. Historically, economic downturns have led to corporate consolidations, and Ultrapar’s lower debt levels…
Apple Inc (NASDAQ: AAPL) saw its gross margin hit a record in its fiscal first quarter on the back of continued momentum in its services business that helped offset the weakness in iPhone sales. But that wasn’t enough for Dan Niles to change his view on the tech titan. Niles…
The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to pursue an initial public offering (IPO) for a stake of up to 30% in the lender. This move comes as a departure from earlier speculation about a potential…
Cipher Mining Inc (NASDAQ: CIFR) has received $50 million in investment from SoftBank which it said will help it build more data centers in the United States. The Japanese investment firm bought over 10 million shares to become a “significant primary investor” in CIFR today. Additionally, the Bitcoin miner signed…
Carvana Co (NYSE: CVNA) has been one of the quintessential millionaire makers over the past two years – but a JPMorgan analyst continues to see significant further upside in its share price in 2025. Rajat Gupta raised his price target on CVNA this morning to $350 which indicates potential for…
In our increasingly interconnected world, where professional and personal lives often span multiple countries, the prospect of being taxed twice on the same income looms large. Whether you’re a digital nomad splitting time between continents, an expat with rental properties abroad, or simply someone with international financial ties, the complexities…
LATAM continues to expand in terms of the cryptocurrency scene. This week’s highlights included Coinbae’s approval from Argentina’s regulators to expand its services in the country. Meanwhile, the Core Foundation aims to promote blockchain use in the region by supporting projects in areas such as remittances, finance, and agriculture through…
IBM saw a remarkable 12% surge in its stock price on Thursday, driven by a strong fourth-quarter performance that showcased the company’s impressive growth in artificial intelligence (AI). This boost marked IBM’s best day since July 2000, when shares soared 13%. The company’s growth, particularly in its software business, signals…
US stocks climbed on Thursday in a choppy trading session as Wall Street weighed earnings from major tech giants and digested fresh economic data. The S&P 500 gained 0.7%, while the Nasdaq Composite rose 0.5%, recovering some losses from earlier in the week. The Dow Jones Industrial Average advanced 290…