Stock Market Update, Jan. 5: BigBear.ai Increases Following $125 Million Convertible Debt Payoff
BigBear.ai (NYSE:BBAI) ended Monday’s trading with a gain of 0.68%, bringing its price to $5.88. Over the last week, the stock has risen by 2.62%. This uptick comes as the company is refocusing on its strategy to redeem its 6% convertible notes due mid-January, which could effectively cut approximately $125 million in debt. Trading volume […]
Kamala Harris Offered Me a Job, Debt Payoff If I Dropped Out
Independent left-leaning presidential candidate Dr. Cornel West said Friday that Vice President Kamala Harris' campaign has offered him a job in her administration and paid his campaign debts if he drops out of the 2024 race. West made the stunning accusation in an interview with independent journalist Jordan Chariton after the Democratic National Convention concluded […]
Microsoft sends shockwaves through tech sector after signaling AI payoff will take longer
Microsoft on Tuesday said it expects lower-than-expected quarterly growth for its Azure cloud platform and that capital spending will rise this fiscal year, another sign that the payback on its big AI investments may take longer than initially thought. Shares fell 7% after the company gave its spending outlook on a conference call with analysts, […]