B. Riley Cashes In $66 Million Gain With GlassRatner Sale, Refocuses On Core Business

B. Riley Financial, Inc. (NASDAQ:RILY) shares are trading higher on Friday following the announcement of a strategic divestiture. The company sold its advisory divisions, GlassRatner Advisory & Capital Group, LLC and B. Riley Farber Advisory Inc., to funds managed by TorQuest Partners for $117.8 million. This deal is expected to result in a second-quarter gain […]

Bernie Sanders Slams Job Cuts, Says AI Should Give Workers More Time Off: ‘Instead Of Throwing You Out On The Street…’

Sen. Bernie Sanders (I-VT) is advocating for a 32-hour workweek, citing the potential for advancements in artificial intelligence and automation to provide workers with more personal time. What Happened: Sanders, in a recent appearance on the Joe Rogan Experience podcast, outlined his vision for a future where AI and automation drive increased productivity and efficiency, […]

Tesla Doubles Down On US — Elon Musk Plans Another $8 Billion Investment After Spending Nearly $10 Billion In 2024

Tesla Inc. (NASDAQ:TSLA) has revealed that it pumped nearly $10 billion into its U.S. operations during the last fiscal year and plans to allocate an additional $8 billion this year. What Happened: Tesla’s investment in the U.S. is part of its long-term strategy, with the company having invested around $44 billion in U.S.-based facilities and infrastructure since its inception, […]

Nvidia Stock Could Rise Another 38%, Making Jensen Huang-Led AI Giant A Nearly $5 Trillion Company, Says Barclays

Barclays analysts have raised their price target for Nvidia Corp. (NASDAQ:NVDA) to $200. This would push Nvidia’s market capitalization to nearly $5 trillion. What Happened: This new target suggests a potential 38% increase in the company’s stock price, translating to a $4.9 trillion market capitalization, reported MarketWatch. The analysts highlighted Blackwell AI platform as a key driver of this growth […]

Roku Stock Surges On New Integration With Amazon: Details Of The Deal

Roku Inc (NASDAQ:ROKU) shares are rising Monday after the company announced a new strategic integration with Amazon Ads. What To Know: Roku entered into a new exclusive partnership with Amazon.com Inc (NASDAQ:AMZN) Ads, providing access for advertisers to the largest authenticated Connected TV (CTV) footprint in the U.S. exclusively through Amazon’s demand-side platform (DSP). The […]

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