| Tuesday's Markets | |
|---|---|
| S&P 500 6,945 (+0.62%) |
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| Nasdaq 23,547 (+0.65%) |
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| Dow 49,462 (+0.99%) |
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| Bitcoin $93,541 (-0.60%) |
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Chevron (NYSE:CVX) is lining up with private equity group Quantum Energy in a bid for sanctioned Russian oil company Lukoil's international assets, the Financial Times reports. Lukoil said last year it would sell its non-Russian operations.
The FT also reports Chinese officials are probing Meta's (NASDAQ:META) acquisition of artificial intelligence (AI) start-up Manus for possible violations of export control laws. Relocating staff and technology to the headquarters in Singapore might require a license, it says.
D-Wave (NYSE:QBTS) has made a breakthrough in the drive to build larger, commercially viable quantum computers, the company has announced. Quantum bits (qubits) need to be held near absolute zero, with the new technology enabling cryogenic on-chip control.
Constellation Brands (NYSE:STZ) is due to report third-quarter earnings after market close, after beating earnings expectations in Q2. Analysts expect an 18% reported earnings dip this time, with revenue down more than 11%, as weak wine and spirits markets -- together with rising costs -- continue to bite.
In 2018, Leucadia National officially changed its name to Jefferies Financial Group. Along with the name change, the company sold off many of Leucadia's legacy nonfinancial assets (such as its stakes in beef processing and auto dealerships) to focus almost exclusively on investment banking and capital markets.
Discuss with friends and family which companies have transformed their identity and business mix over time, and which you believe have a bright future from here, or become a member to hear what your fellow Fools are saying.
