Author: Bella Hayes

Investing.com — Active fund managers in the US continue to favor semiconductor stocks, but recent trends reveal shifts in ownership and weighting, according to a December 2024 update from Bank of America (NYSE:). “Semis relative weighting of 0.97x was down slightly QoQ (1.01x in Sep ’24) though it remains near equal-weight level (1.00x) following a steady decline between Jul ’23 (1.18x) and Jul ’24 (1.00x) and from peak level in Mar ’17 (1.36x),” highlights the bank. “NVDA continues to maintain broadest ownership,” added BofA. They note it is owned by 72% of active managers, an increase of 156 basis points quarter-over-quarter…

“ Newly Created Role Underscores Horizon’s Focus on Enterprise Innovation, Technology Transformation, and Client-Centered Growth “ NEW YORK, Jan. 3, 2025 /PRNewswire/ —  Horizon Media Holdings, the parent company of Horizon Media, today announced the appointment of Bob Lord as President.   With a career spanning more than three decades at the intersection of marketing, media, and technology, Lord’s leadership and expertise in digital transformation and innovation will help drive the next phase of growth for Horizon Media Holdings “ meeting client demand and creating transformative value for clients across its portfolio.   The newly created role will report to…

Investing.com — BlackRock’s iShares Trust (NASDAQ:) experienced its largest daily outflow since launching a year ago, coinciding with the resumption of U.S. trading after the New Year’s Day holiday. On January 2, BlackRock’s spot Bitcoin ETF (TSX:) recorded an outflow of $332.6 million, according to data from Farside Investors. This surpassed the previous high of $188.7 million set on December 24. The fund has now seen outflows for three consecutive trading days, marking another record. Over the past week, IBIT’s total outflows have reached $392.6 million. Despite the recent withdrawals, BlackRock’s Bitcoin ETF remains one of the top-performing funds in…

(Reuters) – Demand for global equity funds shrank in the week through Jan. 1, as higher U.S. Treasury yields led to caution and investors took profits during the year-end trading lull. Data from LSEG Lipper showed that investors added a net $4.93 billion worth of global equity funds, an 86% drop in inflows compared with about $35.1 billion worth of net purchases in the prior week. The , which made a gain of over 15% in 2024, is down 1.5% this week after investors booked some profits following last year’s surge in stock valuations. The increase in bond yields also…

HONG KONG, Jan. 3, 2025 /PRNewswire/ — iClick Interactive Asia (NASDAQ:) Group Limited (“iClick” or the “Company”) (NASDAQ: ICLK)  today announced the results of the Company’s extraordinary general meeting of shareholders (the “EGM”) held in Hong Kong today. At the EGM, shareholders approved, through a special resolution, the agreement and plan of merger, dated as of November 29, 2024 (the “Merger Agreement”) by and among the Company, Overlord Merger Sub Ltd. (“Merger Sub”) and Amber DWM Holding Limited (“Amber DWM”), the plan of merger (the “plan of merger”) required to be registered with the Registrar of Companies in the Cayman…

ABU DHABI, UAE, Jan. 3, 2025 /PRNewswire/ — Arctech, the world’s leading solar tracking and racking solutions provider, announced that it signed a 1.5GW order of its 1P single-axis solar tracking system SkyLine II with PowerChina for a solar project in Al Ajban, UAE, marking a great start for the company in the Middle East market in 2025. As a key initiative under “UAE Energy Strategy 2050”, which aims to provide the country with zero-emission clean energy, this 1.5GW Al Ajban Solar PV plant will become one of the largest single-site solar plants worldwide once completed.Upon completion, this plant is…

BEIJING (Reuters) – Shipments of foreign-branded smartphones, including Apple Inc (NASDAQ:)’s iPhone, in China fell in November by 47.4% from a year earlier, according to data released on Friday from a government-affiliated research firm. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that during the month, shipments of foreign-branded phones in China decreased to 3.04 million units, down from 5.769 million units a year earlier. Shipments of phones within China in November fell 5.1% year-on-year to 29.61 million handsets. Source link

NEW YORK, Jan. 03, 2025 (GLOBE NEWSWIRE) — Roadzen Inc. (: RDZN), (Roadzen or the Company), a global leader in AI at the convergence of insurance and mobility, today announced the pricing of a best-efforts offering of 2,222,300 ordinary shares at a public offering price of $2.25 per share, for gross proceeds of approximately $5,000,000, before deducting placement agent fees and offering expenses. All of the ordinary shares are being offered by the Company. The offering is expected to close on January 6, 2025, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds from…

LONDON – Volex plc (AIM:VLX), a global manufacturer specializing in power and data cabling products, has confirmed that Murat Ticaret Kablo Sanayi A.Ş. has surpassed the EBITDA (earnings before interest, taxes, depreciation, and amortization) goals established in their acquisition agreement. This performance milestone triggers the payment of the first tranche of deferred consideration to the former owners of the Turkish firm. Under the terms agreed upon during the acquisition, which was initially announced on June 22, 2023, and finalized on September 1, 2023, the deferred consideration is split between cash and shares. Volex will distribute €10 million in cash and…

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the was steady near a two-year high against a basket of currencies as investors fret about U.S. rates staying higher for longer. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.38% higher, with South Korean shares leading the charge. Still, the index, which gained nearly 8% in 2024, was on course for a nearly 1% drop for the week. Japan markets are closed for the week. China stocks struggled to bounce back on Friday after plunging on Thursday, highlighting growing…