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20:14
Becerra Meets with Fed Chair, Expresses Confidence in Waller's Balancing of Inflation and Growth
On May 29, U.S. Treasury Secretary Becerra stated that he had breakfast with Federal Reserve Chair Kevin Waller on Thursday, and said, "I believe he will do the right thing to balance inflation and growth."
20:14
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), the transaction structure between Nextpower and Prevalon Energy has been clarified.
The agreement includes a cash payment of $150 million, as well as Nextpower shares valued at $50 million. In addition, the agreement sets a contingent cash payment clause of up to $165 million, with the amount to be determined based on future performance targets. This complex consideration arrangement provides immediate financial support while linking part of the payment to future operational results, demonstrating the parties' deep consideration of risk sharing and incentive synergy in the transaction.
20:13
U.S. Stock Indices Close Higher, SaaS Sector Leads Gains
On May 29, U.S. stock indices closed higher across the board, with the Dow Jones Industrial Average up 0.05%, the S&P 500 up 0.58%, and the Nasdaq Composite up 0.91%. The SaaS sector led the gains, with Snowflake soaring over 36%, ServiceNow rising more than 6%, and Microsoft increasing over 3%. The quantum computing sector also saw gains, with D-Wave up over 7% and IBM up more than 3%. However, the optical communications sector experienced declines, with Lumentum and Corning both falling over 4%.
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