latest news in money.usnews.com
Banco BPM Acquires 5% Stake in Monte Paschi, Reshaping Italian Banking Landscape
Milan, Thursday, 14 November 2024.
Banco BPM’s strategic 5% acquisition in Monte dei Paschi di Siena marks a significant shift in Italy’s banking sector. This €1.1 billion deal, part of the government’s privatization efforts, could catalyze further consolidation and create a new powerhouse in Italian finance.
ASML Bets on AI Boom to Drive 2030 Sales Targets
Veldhoven, Thursday, 14 November 2024.
ASML Holding NV reaffirms its 2030 sales forecast of €44-60 billion, banking on AI-driven semiconductor demand. The Dutch chip equipment maker expects 8-14% annual growth, highlighting AI’s pivotal role in shaping future technology markets.
Tyson Foods Rebounds: Q4 Profit Soars on Strong Beef and Pork Demand
Springdale, Tuesday, 12 November 2024.
Tyson Foods reported a significant turnaround in Q4 2024, with net income rising to $357 million from a $450 million loss last year. Strong demand for beef and pork, coupled with lower costs, offset challenges in the chicken segment. The company’s shares jumped over 8% on the news.