RXO Nov 2024 22.500 call
| Previous Close | 4.4000 |
| Open | 2.7000 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 22.50 |
| Expire Date | 2024-11-15 |
| Day's Range | 2.7000 - 4.4000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- Yahoo Finance Video
Nvidia slips, Trump Media soars, Marathon CEO: Catalysts
On today's episode of Catalysts, Hosts Brad Smith and Madison Mills break down the trading day's biggest stories, from Nvidia's (NVDA) decline to headwinds in the space industry. After hitting record highs, Nvidia is on track for its third consecutive session of losses. Harvest Portfolio Management Co-CIO and Nvidia shareholder Paul Meeks expects Wednesday's shareholder meeting to "make investors feel comfortable that there is a long runway" as the company touts its AI initiatives. He believes CEO Jensen Huang's remarks will cause the stock to rebound from its period of decline. While Nvidia has spearheaded the tech sector rally, Glenmede Chief of Investment Strategy and Research Jason Pride believes investors should adopt a more "disciplined" approach to their portfolios amid current market (^DJI, ^IXIC, ^GSPC) conditions. He explains that the current environment necessitates two key investor behaviors: "be comfortable with not chasing the trade," and "actively rebalance portfolios." He believes that this approach allows investors to trim exposures and manage investment risks effectively. As the 2024 presidential election lies just five months away, shares of Trump Media & Technology Group (DJT) are trading higher ahead of Thursday's debate between President Biden and former President Donald Trump. Yahoo Finance's Senior Columnist Rick Newman breaks down what viewers can expect from this historic face-off and key topics likely to dominate the debate. Marathon Digital Holdings (MARA) CEO Fred Thiel provides insight on how the cryptocurrency market views both administrations, explaining that Trump has positioned himself as a pro-bitcoin (BTC-USD) candidate while "the Biden administration has been very hostile to bitcoin." Finally, as part of Yahoo Finance's Space Race: Investing in the Final Frontier series, Space Capital founder and managing partner Chad Anderson joins the show to give insight into the next big catalysts for the space industry. "Today, there's a new world order with the US and China collectively accounting for 80% of orbital launches and 75% of total funding over the last ten years," Anderson explains. He adds that because of geopolitical tensions, the US and China know "very little" about each other's programs, and reveals that China's innovation has allowed it to become a leader in the last two years. Catch up on Yahoo Finance's special coverage as part of this week's Space Race: Investing in the Final Frontier series. This post was written by Melanie Riehl
- Yahoo Finance Video
UPS sells Coyote Logistics for over $1 billion to RXO
United Parcel Service (UPS) has sold its truckload brokerage business Coyote Logistics to RXO, Inc. (RXO) for $1.025 billion. In a press release, UPS CEO Carol B. Tomé discusses UPS's focus in the sale by claiming "UPS positions itself to become the premium small package provider and logistics partner in the world." Yahoo Finance's Jared Blikre and Madison Mills break down the latest development for UPS and what it means for the freight delivery company. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Business WireRXO To Acquire Coyote Logistics From UPS
CHARLOTTE, N.C., June 23, 2024--RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This acquisition will enhance RXO’s market position, diversify and expand its customer base, and broaden its carrier network. At closing, RXO will be the third-largest provider of brokered transportation in North America.
