Morgan Stanley Upgrades Roku as Connected TV Ads Gain Momentum
Morgan Stanley upgrades Roku to Overweight, raises price target to $135, and highlights strong growth ahead for connected TV advertising.
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PayPal Applies to Become a US Bank Under Trump Administration
PayPal has filed applications to establish PayPal Bank, a Utah-chartered industrial loan company, aiming to expand small-business lending and offer savings accounts to customers.
Ford Shifts Focus from EVs to Hybrids and Extended-Range Vehicles
Ford is pivoting from all-electric vehicles to hybrids and extended-range EVs, aiming for affordability, profitability, and a stronger market presence by 2029.
Xerox Plans $500M Loan Using Its Patents to Boost Cash
Xerox is exploring a $500 million loan backed by its intellectual property to improve liquidity after the Lexmark acquisition.
Nvidia Acquires SchedMD to Strengthen Open-Source AI Ecosystem
Nvidia has acquired SchedMD, the company behind Slurm, to boost open-source software and strengthen its position in the growing AI infrastructure market.
MSC Joins Hapag-Lloyd in Battle to Acquire Israeli Shipping Giant ZIM
Swiss shipping leader MSC submits takeover bid for ZIM, competing with Germany's Hapag-Lloyd as employees and government raise national security concerns over foreign ownership.