Marwest Apartment Real Estate Investment Trust (MAR) has announced a monthly cash distribution of $0.0013 per trust unit for September 2024, translating to an annualized rate of $0.0156 per unit. The distribution will be paid on October 15, 2024, to unitholders of record as of September 30, 2024.
Abilene Christian University (ACU) has secured a landmark construction permit from the Nuclear Regulatory Commission (NRC) to build the Natura MSR-1, a liquid salt fueled reactor, marking a significant step forward in advanced nuclear technology. This project, spearheaded by Natura Resources, represents the first deployment of the Natura MSR-1 and the first liquid salt fueled reactor licensed by the NRC in the United States. The MSRR will also be the first new research reactor approved by the NRC in over three decades.
Nvidia’s stock surge has propelled the S&P 500 index higher, with the chipmaker’s performance accounting for a significant portion of the index’s gains. CEO Jensen Huang’s wealth has also skyrocketed, making him one of the fastest-rising billionaires due to Nvidia’s dominance in the AI market.
Ocean Power Technologies (OPTT) reported its first-quarter financial results, showing a narrowing of losses and an increase in revenue. The company also saw a significant rise in its backlog and pipeline, indicating strong future prospects.
Xenia Hotels & Resorts, a leading REIT specializing in luxury and upper-upscale hotels, has declared a cash dividend of $0.12 per share for the third quarter of 2024. This dividend reflects the company’s strong financial performance and commitment to shareholder value.
MicroStrategy, known for its Bitcoin holdings, announced a $700 million convertible note offering. While the company plans to use the proceeds for Bitcoin purchases and general corporate purposes, the news triggered a decline in its stock price after-hours.
Progressive Care Inc., a leading healthcare services and technology provider, has received shareholder approval for its business combination with NextPlat Corp. The merger is anticipated to close on October 1, 2024, after which Progressive Care will become a wholly-owned subsidiary of NextPlat. Progressive Care shareholders will receive shares of NextPlat stock in exchange for their Progressive Care shares.
The South African bottled water market is poised for significant growth, driven by factors like increasing urbanization, health consciousness, and water scarcity. This report analyzes the market’s trends, key players, and challenges, highlighting the role of AI in driving innovation and market evolution.
Tupperware Brands Corp (TUP) is facing a potential bankruptcy filing, causing its stock to plummet by nearly 60% on Monday. The company has been struggling for years to turn its business around and has reportedly engaged legal and financial advisors to navigate the process of seeking court protection.
Park Hotels & Resorts Inc., a major lodging REIT, will release its third-quarter 2024 financial results on October 29th, followed by a conference call to discuss the results on October 30th. The company boasts a diverse portfolio of premium hotels and resorts in prime locations.
