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BP ousts Chair Manifold after governance issues

BP ousts Chair Manifold after governance issues

May 26 (Reuters) - BP has removed Chairman Albert Manifold with immediate effect, it said on Tuesday, citing governance oversight and conduct issues just months after his appointment to help oversee a strategy revamp.

5-star analysts reset Marvell stock price target ahead of earnings

5-star analysts reset Marvell stock price target ahead of earnings

Marvell (MRVL) stock closed the May 22 trading session at $196.33. The stock has rallied 131% year to date, by Sunday morning, May 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 9% in the same period. The company has outpaced the S&P 500, thanks to its participation in the broader ...

Wedbush analyst has bold IMAX stock message for investors

Wedbush analyst has bold IMAX stock message for investors

IMAX Corporation (IMAX) shareholders had the kind of Friday that rewrites a year. Shares of the premium cinema technology company jumped about 15% on May 22, closing at $39.12, after The Wall Street Journal reported the company is exploring a sale and has approached entertainment companies as ...

Goldman Sachs has a stark message on mutual funds and the Mag 7

Goldman Sachs has a stark message on mutual funds and the Mag 7

The S&P 500 is up roughly 9% this year. The average large-cap mutual fund is up too, in absolute terms. The gap between those two facts is where Goldman Sachs found its story. According to a Goldman Sachs research note published May 20, only 29% of large-cap mutual funds are outperforming their ...

Oil giant BP ousts new chairman over 'conduct' and shares slide

Oil giant BP ousts new chairman over 'conduct' and shares slide

BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.”

Florida insurer Safepoint eyes $1.16 billion valuation in US IPO

Florida insurer Safepoint eyes $1.16 billion valuation in US IPO

May 26 (Reuters) - Insurer Safepoint said on Tuesday it was targeting a valuation of up to $1.16 billion in its U.S. initial public offering, riding a wave of post-reform Florida insurance growth.

Cathie Wood buys $32 million of popular semiconductor stock

Cathie Wood buys $32 million of popular semiconductor stock

Cathie Wood, chief of Ark Investment Management, likes to take advantage of IPOs. Cathie Wood, founder and CEO of Ark Investment Management, likes to jump into some of Wall Street’s hottest IPOs. In recent years, Wood’s Ark funds have bought shares of newly public companies, including ...

Deepseek hits OpenAI, Anthropic where it really hurts

Deepseek hits OpenAI, Anthropic where it really hurts

Premium products rarely lose to better products. They lose to cheaper ones. That has been the quiet rule of every technology cycle since the personal computer, and it is the rule American AI labs have been hoping does not apply to them. OpenAI's GPT-5.5 sits at $5 per million input tokens and $30 ...

Berkshire Hathaway’s latest stock purge sends a clear message

Berkshire Hathaway’s latest stock purge sends a clear message

For decades, Berkshire Hathaway’s quarterly stock filings have been treated like a roadmap into Warren Buffett’s thinking. However, the latest one feels very special. Berkshire Hathaway (BRK.A) (BRK.B) unveiled a wide-ranging portfolio overhaul in its latest 13F filing, adding a big new stake in ...

Intel CEO reveals rare ‘speed-of-light’ turnaround plan

Intel CEO reveals rare ‘speed-of-light’ turnaround plan

"Speed of light." That's a phrase that gets thrown around in corporate turnaround stories so often that it has almost lost meaning: "We're moving faster." Most of the time, it is conference room language — something that sounds good in a press release and means very little in practice. When Intel ...

Paul Tudor Jones makes $8 billion bet on small-cap chaos

Paul Tudor Jones makes $8 billion bet on small-cap chaos

Paul Tudor Jones doesn’t appear to be locked into one stock. That may be the real story. The billionaire investor’s Tudor Investment Corp. reported a massive first-quarter options book that includes big stakes connected to Nvidia (NVDA), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms ...

Michael Burry doubles down on stock market, AI message for 2026

Michael Burry doubles down on stock market, AI message for 2026

Nvidia just reported $81.6 billion in quarterly revenue, up 85% year over year. Its data center business alone generated $75.2 billion, up 92%. The numbers are extraordinary by any measure. Michael Burry's argument is that they may also be the most dangerous kind of numbers there are. In a May 2026 ...