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EPAM Systems plans up to $1B share buyback program
Seeking Alpha· 2025-10-21 10:21
EPAM Systems (NYSE:EPAM) said its board authorized a new stock buyback program of up to $1B worth of the company's shares. EPAM noted that the share repurchase program will have a term of 24 months, but it could be suspended or ...
10x Genomics (TXG) Moves 11.1% Higher: Will This Strength Last?
ZACKS· 2025-10-21 10:21
10x Genomics (TXG) shares ended the last trading session 11.1% higher at $13.14. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.3% loss over the past four weeks.10x Genomics witnessed a strong price rise on investors’ optimism following news of a collaboration with Anthropic, the AI safety and research company behind Claude. The partnership aims to integrate 10x’s advanced analysis tools into Claude for Life Sci ...
BAX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Baxter International, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Businesswire· 2025-10-21 10:20
BAX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Baxter International, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449- 4900 or via e-mail at info@rgrdlaw.com. CASE ALLEGATIONS: Baxter, through its subsidiaries, provides a portfolio of healthcare products. Share SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces t ...
Should You Buy Bitcoin While It's Under $110,000?
Yahoo Finance· 2025-10-21 10:20
Core Insights - Bitcoin has demonstrated significant growth, with a price increase of 839% over the past five years, outperforming the broader stock market [1] - The cryptocurrency reached an all-time high of over $126,000 in early October, currently trading 15% below that level [1] Macro Perspective - Key macroeconomic factors are expected to support Bitcoin's price in the near and long term, making it a global asset of interest [2] - The potential for lower interest rates in the next six to twelve months may encourage investors to seek higher returns, positively impacting asset prices, including Bitcoin [3][4] - Geopolitical turmoil, particularly aggressive U.S. trade tactics, has led to increased interest in safe-haven assets like Bitcoin, which has risen 17% this year [5] Federal Debt and Liquidity - The U.S. federal debt is approaching $40 trillion, with ongoing fiscal deficits likely to persist, creating a favorable environment for Bitcoin [6] - Since Bitcoin's inception in 2009, there has been a significant increase in government debt and money supply, contributing to its price surge [7] - The ongoing rise in global liquidity is expected to continue driving Bitcoin's value [7] Future Trends - The advancement of AI and its economic implications could further enhance Bitcoin adoption [8] - Investors with a long-term perspective may find opportunities to buy Bitcoin during price dips [8]
Lithium Corporation Increases Claim Holdings at BC Rare Earth Prospect
Accessnewswire· 2025-10-21 10:20
ELKO, NEVADA / ACCESS Newswire / October 21, 2025 / Lithium Corporation (OTCQB:LTUM) ("the Company"), a mineral exploration company committed to advancing North America's energy independence through the domestic exploration and development of critical mineral resources, is pleased to inform shareholders that field exploration has been ongoing, with geological mapping and sampling activities presently underway at the site where enriched Rare Earth Element (REE) mineralization-including Neodymium and Dysprosi ...
SpaceX Moves $268M in Bitcoin: First Major BTC Transfer in Three Months
Yahoo Finance· 2025-10-21 10:19
| Credit: CCN. Key Takeaways SpaceX moved $268M worth of BTC in its first transfer since July. Analysts view the move as an internal reshuffle, not a sale. The company still holds 8,285 BTC with $621M in unrealized gains. SpaceX, the aerospace giant founded by Elon Musk, has once again stirred speculation in crypto markets. On Oct. 21, a SpaceX-linked wallet transferred 2,395 BTC worth $268 million — its first major on-chain movement in three months. The transfer comes amid heightened volatilit ...
Trump's $8.5 Billion Deal With Australia Challenges Chinese Dominance - Alcoa (NYSE:AA), Arafura Rare Earths (OTC:ARAFF)
Benzinga· 2025-10-21 10:18
Core Points - The U.S. and Australia signed a multibillion-dollar partnership to secure global critical mineral supply chains and enhance defense cooperation [1][2] - The agreement establishes a bilateral response group for policy coordination, investment, and project delivery in critical minerals [2] - The partnership aims to channel billions into mining, refining, and advanced manufacturing projects essential for defense and technology [3] Investment and Financial Commitments - The Export-Import Bank of the United States issued Letters of Interest worth $2.2 billion, potentially unlocking up to $5 billion in total investment [4] - Direct contributions from both governments will total $3 billion over six months, contributing to an $8.5 billion project pipeline [4] - Australian superannuation funds are expected to increase U.S. exposure to $1.44 trillion by 2035, supporting technology and energy ventures [4] Defense Collaboration - The agreement enhances industrial defense collaboration, with increased Australian investment in U.S. defense systems, including underwater vehicles and missile defense [5] - The partnership reinforces AUKUS cooperation, focusing on shared defense capabilities [5] High-Priority Projects - Arafura Rare Earths' Nolans venture in Northern Territory secured $100 million in equity, aiming to supply approximately 5% of global rare earth demand [6][7] - Alcoa's gallium recovery project in Wagerup will receive $200 million in concessional equity, producing 100 metric tons of gallium annually [7][8] Market Dynamics and Risks - China currently dominates the rare earth market, controlling 69% of mining, 92% of refining, and 98% of magnet manufacturing [10] - A 10% disruption in this market could lead to $150 billion in global economic losses, highlighting the importance of the U.S.-Australia partnership in mitigating these risks [10][11]
Chinese tech giants halt stablecoin plans in Hong Kong-report
Yahoo Finance· 2025-10-21 10:18
Core Insights - Chinese tech companies, including Ant Group and JD.com, have paused their plans to issue stablecoins in Hong Kong due to concerns from Beijing regarding private sector-controlled currencies [1][2] - The People's Bank of China (PBoC) and the Cyberspace Administration of China (CAC) have instructed these companies to halt their stablecoin ambitions, citing potential challenges to the PBoC's digital currency project, the e-CNY [2] - Regulatory concerns are centered around the authority of coinage, questioning whether it should belong to the central bank or private companies [3] Company Actions - Ant Group and JD.com were initially interested in participating in Hong Kong's pilot stablecoin program but have now suspended these plans [1] - The PBoC has advised against participation in the stablecoin rollout, reflecting a cautious stance towards tech companies issuing currencies [2] Regulatory Environment - The Hong Kong Monetary Authority began accepting applications for stablecoin issuers in August, aiming to position Hong Kong as a testing ground for mainland China [4] - There is a growing interest in renminbi-denominated stablecoins, which could enhance the international use of the yuan [4] - Former PBoC governor Zhou Xiaochuan has called for a comprehensive evaluation of stablecoins and their potential systemic risks, leading to a more cautious regulatory approach [5][6] Market Implications - Stablecoins, which are pegged to fiat currencies like the US dollar, are crucial for crypto trading, and the pushback from Chinese authorities reflects broader global regulatory concerns [3] - Zhou Xiaochuan warned against the excessive use of stablecoins for asset speculation, which could lead to financial instability [6]
Concerned carmakers race to beat China's rare earths deadline
Yahoo Finance· 2025-10-21 10:16
By Nick Carey and Christina Amann LONDON/BERLIN (Reuters) -Global automakers are scouring the globe for crucial rare earths ahead of looming Chinese export controls, with executives worried they could lead to parts shortages and plant closures. Rare earth magnets power motors in car parts such as side mirrors, speakers, oil pumps, windshield wipers and fuel leakage and braking sensors. They play an even bigger role in EVs. While a U.S.-China deal diverted a supply threat, stockpiles were depleted by sim ...
Retail returns to hit $849.9bn in 2025
Yahoo Finance· 2025-10-21 10:15
The figure marks 15.8% of annual sales made by retailers this year and is in line with 16.9% last year, when retail returns totalled $890bn. “Returns are no longer the end point of a transaction,” NRF vice president of industry and consumer insights Katherine Cullen said. “They provide an opportunity for retailers to create a positive experience for customers and can translate to brand loyalty. Retailers are constantly evolving and working to meet customer expectations, and they recognise the importance t ...