News

Oct 11
Commercial Metals raises dividend, to boost implied yield to 1.6%

Commercial Metals Co. CMC, +2.03% said Tuesday it has increased its quarterly dividend by 14.3%, to 16 cents a share from 14 cents a share. The steel maker and recycler said the new dividend will be payable Nov. 10 to shareholders of record on Oct. 27. Based on Monday’s stock closing price of $39.88, the […]

Oct 11
Coinbase inks services deal with Google Cloud, shares rise

Coinbase GIobal Inc. COIN, +5.91% shares rose 5% in premarket trades Tuesday after the digital currency brokerage firm said it inked a deal with Google, a unit of Alphabet Inc. GOOG, +0.58%, to use Google Cloud as its strategic cloud partner to build advanced exchange and data services. “We’re ready to serve the thriving global […]

Oct 11
ForgeRock stock rockets after Thoma Bravo buyout deal at 53% premium

Shares of ForgeRock Inc. FORG, +49.04% rocketed 49.9% in premarket trading Tuesday, after the identity management software company announced an agreement to be acquired by investment firm Thoma Bravo in a cash deal valued at $2.3 billion. Under terms of the deal, ForgeRock shareholders will receive $23.25 in cash for each ForgeRock share they own, […]

Oct 11
Crypto and digital bank MinePlex secures $100M in funding from GEM

The funding will be used in new banking technologies, including a collaboration with Mastercard and Visa for crypto transactions. Source: Cointelegraph

Oct 11
Laser Photonics stock soars after Navy contract, but was still 39% below recent IPO pricing

Shares of Laser Photonics Corp. LASE, +62.99% blasted 62.1% higher in very active afternoon trading Tuesday, after the laser cleaning announced an order from the U.S. Navy. The rally was enough to make the stock the second-biggest gainer trading on major U.S. exchanges, but not enough to recapture where the recent initial public offering priced. […]

Oct 11
Treasury announces settlements of $24 million and $29 million with virtual currency exchange Bittrex over violations

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) on Tuesday announced a $24.3 million settlement and $29.3 million settlement with Bittrex Inc., a company based in Bellevue, Wash., that provides a virtual currency exchange and hosted wallet services. OFAC said Bittrex has agreed to pay $24.3 million […]