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News
Micron Holds Third-Lowest Valuation in S&P 500 Despite AI Rally Lead
1+ week, 5+ hour ago (336+ words) Micron Technology ranks as one of the cheapest stocks in the S&P 500 by valuation, trading at the third-lowest multiple in the index even after leading much of the market’s artificial-intelligence rally. The gap reflects lingering doubts about a company…...
Aon Nears $17 Billion Deal for KKR-Backed Broker USI Insurance
1+ week, 6+ day ago (278+ words) USI Insurance is currently backed by private equity firm KKR, which took a majority stake in the company in 2017. A completed sale at the reported valuation would give KKR and other investors an exit from a business that has expanded…...
Bank of America Says Buy Affirm Despite Modest Growth Guidance
2+ week, 3+ hour ago (356+ words) Affirm Holdings drew a fresh vote of confidence from Bank of America on Thursday, with analysts arguing the buy now, pay later lender could climb even after issuing only a slight upgrade to its near-term growth outlook. The endorsement followed…...
Russia Fires Top VEB Economist Klepach After War-Cost Warning
2+ week, 6+ day ago (303+ words) Andrei Klepach, the chief economist at Russia’s state development bank VEB, has been dismissed after presenting a report that questioned Moscow’s ability to sustain a prolonged war with Ukraine. His removal was reported on August 18. Klepach had warned that Russia…...