Author: Daniel snow
Home Depot is going back to the acquisition well in its bid to capture more spending dollars from professional contractors. The news The home improvement retailer announced Monday that it is acquiring GMS, a building materials distributor that specializes in products such as drywall, steel studs and insulation . Under the agreement, Home Depot’s subsidiary SRS Distribution will buy all of GMS’ stock for $110 per share for a total of $4.3 billion. Including net debt, the deal gives GMS an enterprise valuation of $5.5 billion. Shares of Home Depot were fell by roughly 0.5% Monday. GMS shares jumped nearly…
Joby is gearing up to start carrying passengers in Dubai next year in its electric flying machines. The next step? U.S. flights. Source link
An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | ReutersJoby Aviation stock soared about 14% as the flying air taxi maker got closer to launching a service in the United Arab Emirates.The electric vertical takeoff and landing, or eVTOL, company said Monday that it delivered its first aircraft to the UAE and has completed piloted flight tests as it readies for a 2026 launch in the region.”Our flights and operational footprint in Dubai are a monumental step toward weaving air taxi services into the fabric…
June’s bond-market rally could give way to a different trading dynamic in July that results in a fresh round of volatility in the government’s shortest-term debt obligations, known as Treasury bills. Source link
Paying your employees well is patriotic, the mogul argued in the lead-up to Independence Day. Source link
Here are the Bay Area businesses that made Inc.’s 2025 Best Workplaces list. Source link
U.S. companies are throwing the dice on less policy uncertainty, and lower interest rates, in the future. Source link
CANNES — Robinhood stock climbed 10% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout.It is the company’s first move to make private equity accessible via blockchain.The announcement, which came Monday during the company’s product showcase in Cannes, is part of a broader push to expand Robinhood’s crypto footprint globally. The tokenized assets will be available exclusively through Robinhood’s EU crypto app, where more than 200 tokenized stocks and ETFs are now tradable 24 hours a day, five days a week with no…
‘We think Western Europe, China and India will continue to be the key growth drivers’ for Crocs, the analysts said. Source link
Recent research suggests that many so-called AI agents that work with higher levels of autonomy are much less sophisticated, giving rise to a new term: ‘agent washing.’ Source link