The generative artificial intelligence boom could benefit shares of identity security platform Okta , according to Loop Capital. Seeing the identity security market at an inflection point as a result of AI initiatives, the firm initiated coverage on the stock with a buy rating and $140 price target. That reflects 24% upside from Friday’s close. “The overall identity security market is on the verge of a mass market adoption phase driven by the need to secure GenAI deployments, which require a modernized, holistic approach to securing the identities of workforce, customers, and non-human entities (AI agents and API calls) and…
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A photo shows the signboard of Sunoco gas station in Washington DC, United States on June 06, 2023.Celel Gunes | Anadolu Agency | Getty ImagesSunoco said on Monday it would buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt, in a move that would create the largest independent fuel distributor in the Americas.Under the terms of the agreement, Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units for each Parkland share.The deal is expected to close in the second half of 2025Sunoco, which operates in wholesale fuel distribution and retail convenience, said the deal…
U.S. President Donald Trump delivers a commencement address at the University of Alabama in Tuscaloosa, Alabama, U.S., May 1, 2025. Leah Millis | ReutersPresident Donald Trump played down the fears of his critics — from the potential harms of a recession to worries about rising prices due to his tariffs to the possibility that he would seek a constitutionally forbidden third term — in a wide-ranging interview with NBC News’ “Meet the Press” moderator Kristen Welker at his Mar-a-Lago home in Palm Beach, Florida.The hour-plus back-and-forth, which aired Sunday, covered the waterfront of his first 100 days in office and…
A couple of catalysts could send shares of EQT even higher over the next year, according to UBS. Analyst Josh Silverstein upgraded shares of the American natural gas company to buy from neutral and hiked his price target by $10 to $64, implying 23.4% upside from Friday’s close. That upgrade comes as the stock is already up 12% in 2025, beating out the S & P 500’s more than 3% decline in that time. Shares have also soared more than 38% in the past six months. EQT 6M mountain EQT, 6-month “We remain constructive on the natural gas outlook in…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCThis is breaking news. Please refresh for updates.The Berkshire Hathaway board voted unanimously on Sunday to make Greg Abel president and CEO on January 1, 2026 and for Warren Buffett, 94, to remain as chairman, sources told CNBC’s Becky Quick.Buffett shocked Berkshire shareholders and Abel by announcing in the final minutes of the annual shareholder meeting Saturday that he would be asking the board to replace him as CEO at year-end with the current vice chairman of non-insurance operations for Berkshire.Buffett, who currently holds…
When more than a million refugees and economic migrants poured into Europe a decade ago, Pope Francis urged compassion and, in a display of empathy and support, washed the feet of 12 asylum seekers at an Italian reception center.Cardinal Peter Erdo, the Hungarian archbishop considered a contender to succeed Francis, took a different approach: Citing legal obstacles, he ordered church doors in Hungary closed to migrants, saying that “we would become human smugglers if we took in refugees.”He reversed his position after an audience with Francis, and he never embraced the inflammatory messaging on migrants of Hungary’s populist prime minister,…
New Zealand Prime Minister Christopher Luxon in Canakkale, Turkiye on April 25, 2025. Anadolu | Anadolu | Getty ImagesAustralia and New Zealand vowed to advocate for their film industries Monday after U.S. President Donald Trump announced a plan to impose 100% tariffs on foreign-made movies.Australia and New Zealand have emerged as popular filming locations for Hollywood movies in recent years, given lower costs and tax incentives from federal and state governments.Earlier, Trump said in a post on Truth Social that it was due to incentives offered by other countries to lure filmmakers that the American movie industry was dying a “very fast death”.He said he was authorizing the…
Malaysia will actively build trade relations with other countries, such as China, Russia and Brazil, instead of waiting for the impact of potential U.S. trade tariffs, Prime Minister Anwar Ibrahim said on Tuesday.Sean Gallup | Getty Images News | Getty ImagesThere is a possibility that Malaysia can negotiate a reduction in threatened U.S. tariffs as Washington has agreed to further talks, but the global trade war meant economic growth was likely to be below target this year, the Prime Minister said Monday.Malaysia is facing a 24% tariff rate in July for exports to the U.S., unless an agreement is struck between both countries.”Although these are preliminary discussions… the United States government has agreed…
The police in Brazil said on Sunday that they had foiled a plot to detonate explosives at a Lady Gaga concert in Rio de Janeiro, an event that, by some estimates, drew more than two million people.Rio de Janeiro’s civil police made the announcement a day after Lady Gaga’s free concert on Copacabana Beach. The show proceeded without disruption, and a representative for the pop star later told The Associated Press that she had learned about the threat from news media reports.The police said the group behind the foiled plot had been recruiting would-be participants, including teenagers, to carry out…
On the trading floor of the Frankfurt Stock Exchange, traders watch their monitors in front of the display board showing the Dax curve on April 9, 2025.Arne Dedert | Picture Alliance | Getty ImagesEuropean bourses saw a mixed open on Monday, with U.K. markets closed for a bank holiday, as investors looked ahead to the latest economic data and corporate earnings reports due this week.Germany’s DAX was last 0.17% higher soon after trading began, while Italy’s FTSE MIB was down 0.36% and the French CAC 40 fell 0.33%.Data released Monday showed that Swiss inflation fell to 0% in April compared…
