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Japan Petroleum Exploration (Japex) has announced plans to acquire Verdad Resources Intermediate Holdings (VRIH), which owns tight oil and gas assets in the US, from Verdad Resources Feeder for around $1.3bn (Y204bn). The entire equity interest in VRIH will be acquired by Japex through its subsidiary Peoria Resources Acquisition Company, which is managed by an overseas subsidiary, Peoria Resources. This deal will make VRIH a consolidated subsidiary (sub-subsidiary) of Japex. VRIH owns tight oil and gas ...

Pittsburgh, Pennsylvania-based The PNC Financial Services Group, Inc. (PNC) operates as a diversified financial services company. With a market cap of $82.5 billion, the company provides regional banking, wholesale banking, and asset management services nationally and in its primary regional markets. The company is expected to announce its fiscal fourth-quarter earnings for 2025 before the market opens on Friday, Jan. 16, 2026. Ahead of the event, analysts expect PNC to report a profit of $4.19 per share ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Ontario, California-based CVB Financial Corp. will acquire Heritage Commerce Corp. in a roughly $811 million deal that’s set to give the buyer a stronger foothold in the Bay Area, the companies said Wednesday. The transaction, set to close in the second quarter of 2026, will create a bank with about $22 billion in assets and more than 75 locations – and draw San Jos ...

Group 1: Market Overview - The S&P 500 has nearly doubled since December 2020, despite a bear market in 2022 and a brief sell-off earlier this year [1] - Investor patience has been tested over the past five years, but business fundamentals are driving stock prices higher over time [2] Group 2: Netflix Performance - Netflix stock has increased 24,000% since 2005 but has underperformed the market since 2020, with an 80% rise compared to the S&P 500's 99% gain [4] - The stock saw a steep decline in 2022 due to subscriber losses but has surged 218% since then [5] - Netflix has over 300 million paying households and operates in more than 190 countries, indicating significant growth potential [7] - Analysts expect Netflix's revenue to increase by 15% in 2025, with $10 billion in net profit on $43 billion in total revenue over the last year [8] - The company is investing in content expansion and has launched an advertising-supported subscription tier to boost subscriber growth [9] - Analysts predict Netflix's earnings per share will grow at an annualized rate of approximately 24% for the foreseeable future [10] Group 3: Amazon Performance - Amazon's stock has only beaten the market in two of the past five years, underperforming the S&P 500 in 2021, 2022, and 2025 [12] - Amazon's non-retail services, including cloud computing and advertising, account for 59% of its revenue and generate the majority of its profit [13] - Amazon reported a net profit of $76 billion over the past year, with total net sales growth trending higher [15][16] - The stock is trading at a price-to-cash-flow ratio of 18, significantly lower than its previous 10-year average of 27 [17] - Analysts predict Amazon's earnings to grow at an annualized rate of 18% over the next several years [18]

According to the filing, the Board of Directors of Shriram Finance approved the proposal at its meeting held on Friday. Under the agreement, MUFG Bank will invest Rs 39,618 crore, equivalent to around USD 4.4 billion, in Shriram Finance through a preferential issuance of equity shares. This investment will result in MUFG Bank acquiring a 20.0 per cent stake in Shriram Finance on a fully diluted basis.It stated "The Board of Directors of Shriram Finance Limited ("SFL") at their meeting held today approved en ...

A leveraged ETF that gives investors exposure to the American cannabis industry looks set to soar following President Donald Trump’s executive order directing the easing of federal restrictions on the psychoactive substance. The AdvisorShares MSOS Daily Leveraged ETF (NYSE:MSOX) , as the name suggests, is a leveraged fund that gives investors exposure to two times the daily total return of the AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) , which is seeing a lot of activity amid this major regulatory shift ...

State Street Corporation (STT), headquartered in Boston, Massachusetts, provides a range of financial products and services to institutional investors worldwide. Valued at $35.6 billion by market cap, the company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services. The financial giant is expected to announce its fiscal fourth-quarter earnings for ...

Core Insights - The data center market has seen over $61 billion in investment this year, a slight increase from $60.8 billion last year, amidst a "global construction frenzy" [1] - Dealmaking in global data centers has reached a record high, driven by the need for infrastructure to support energy-intensive AI workloads, with a notable increase in debt financing from private equity markets [2] - Concerns about inflated AI valuations and the sustainability of data center financing have emerged, leading to a sell-off in global stocks [1][2] Company-Specific Developments - Oracle's shares dropped 5% following reports of Blue Owl Capital withdrawing from a $10 billion data center deal in Michigan, impacting other tech stocks like Broadcom, Nvidia, and AMD [3] - Despite the recent stock pullback, analysts, including those from S&P Global, expect that market concerns regarding AI and Oracle will be temporary and will not significantly affect data center development and M&A activities in the near term [4] Market Trends - There have been over 100 data center transactions in the first 11 months of the year, surpassing the total deal value for all of 2024, with the majority occurring in the U.S. and the Asia-Pacific region [6] - The competitive landscape among AI model providers is rapidly changing, which may influence investor sentiment in public markets, but demand for AI applications is projected to continue growing strongly through 2026 [4]

Japan's Mitsubishi UFJ Financial Group (MUFG) will acquire a 20% stake in Shriram Finance Ltd for $4.4 billion, marking the largest cross-border investment ever in India's financial sector, the Indian... ...