Tuesday, March 16, 2021

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Ford Shares Sink Lower After Automaker Announces $2 Billion Convertible Note Offering

Ford shares are down 4% this morning after the automaker announced plans to raise around $2 billion through an offering of five-year convertible notes. The notes will be sold through a private offering to qualified institutional buyers, due in 2026, and the net proceeds from the sa...

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RumbleOn Inc (NASDAQ: RMBL): RumbleOn shares jumped as much as 65% yesterday after the pre-owned vehicle e-commerce company announced that it has agreed to merge with RideNow, creating the only omnichannel customer experience in powersports and the largest publicly traded powersports dealership platform. “We are creating the only omnichannel solution in the powersports industry &...

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HPE is pushing to a new yearly high. Is it done, or does it have room to keep rallying?

In 2020, the best Tech stocks were tied in one way or another to remote, distance-based networking, cloud, and collaboration solutions. That trend was driven by a forced shift in corporate America away from traditional in-office operations to dispersed, work-at-home solutions due to the ongoing health crisis. That made the companies that were already providing solutions – wide area and virtual private networking, video conferencing, web collaboration, and more – to facilitate dist...

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Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States and internationally. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Its loan products comprise one-to-four family real estate loans, multi-family real estate loans, commercial real estate...

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