Latest news for  (OTC:RWBFS) Stock

RBC Capital analyst Michael Harvey reiterates PrairieSky Royalty (TSX:<a class="ticker" href="https://www.benzinga.com/stock/PSK#TSX">PSK</a>) with a Outperform and maintains C$35 price target.

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TSX:PSK

RBC Capital Reiterates Outperform on PrairieSky Royalty, Maintains C$35 Price Target

Billionaire<a href="https://www.benzinga.com/money/best-oil-stocks"> oil baron</a> Bill Koch is selling his 52-acre luxury compound in the world-renowned skier's paradise of Aspen, Colorado for $125 million. Although Koch's name might not be as well-known as that of the superstar jet set that has turned Aspen into one of the world's wealthiest enclaves, his financial might and political reach extend around the globe. Along with his late brother, Charles, Koch is one of the GOP's most important political benefactors.
The Koch brothers garnered quite a bit of fame throughout the 2000s by financially backing GOP initiatives, a position that also allowed them to shape significant aspects of GOP policy. The source of those funds stretches back to the early 20th century when the family patriarch, Fred Koch, made a small fortune helping Soviet leader Joseph Stalin modernize the fledgling Soviet Union's oil industry. Ironically, Koch and his sons are fierce anti-communists.&nbsp;
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Bill and Charles took over the family oil business after their father died and grew it into a multi-billion-dollar global powerhouse. Bill and Charles' personal fortunes rose with their company and they eventually branched out into real estate deals. According to the New York Post, Bill purchased the Aspen property in 2007 for $26.5 million. It proved to be just the opening phase of a massive real estate project.&nbsp;
Through the years, he purchased neighboring land parcels totaling and made numerous improvements that turned the property into something more akin to a private resort than a single estate. He added several luxurious guest cabins and outbuildings to the property, which is just 11 miles from Aspen's luxurious downtown shopping district, the Post said.&nbsp;
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The Wall Street Journal estimates that the seven-bedroom, eight-bathroom lodge on the Koch property is 16,631 square feet and includes 30-foot ceilings along with sweeping views of Aspen's famous ski valley. Other luxury trappings include outdoor hot tubs with mountain views, a world-class fitness center, and a private network of roads and hiking trails that connect all the buildings on the estate.&nbsp;
Aspen's status as one of the world's premier ski destinations stretches back to the 1980s, and it has put a massive price premium on area real estate values. Even by that standard, the Koch property's value may never be higher and that is motivating his decision to sell. Speaking to The Journal, Koch said, "We looked at the strong housing market and figured it was time to let someone else enjoy it," when explaining why he re-listed the property.
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According to the Post and The Journal, Koch attempted to sell the property for $100 million in 2015. He would eventually lower the price to $80 million and even offered to parcel it out. He reportedly sold 31 acres for $14.5 million but retained the main parcel and many of the buildings. Koch also generated<a href="https://www.benzinga.com/markets/25/02/43470819/heres-how-you-can-earn-100-in-passive-income-by-investing-in-alexandria-real-estate-stock"> passive income</a> from the estate by renting it out for $35,000/per night or $300,000 per month.&nbsp;
Aspen-area broker Steven Shane of Compass isy representing the property. In an interview with the Post Shane said, "While the ultra-wealthy may have many investment opportunities, none rival the profound richness of sharing time with loved ones across generations. Aspen's 125 Rooney Circle is one such property." It can all be yours if you love skiing and you can meet the $125 million asking price.&nbsp;
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In October 2024, Arrived sold The Centennial, achieving a total return of 34.7% (11.2% average annual returns) for investors. <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=centennial">Arrived aims to continue delivering similar value across our portfolio through careful market selection, attentive property management, and thoughtful timing in sales.</a>
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Real Estate

Oil Tycoon And GOP Megadonor Bill Koch Selling His 52-acre Aspen, Colorado Compound For $125 Million

<a href="https://x.com/kaitlancollins/status/1889716749504823412" title="https://x.com/kaitlancollins/status/1889716749504823412">https://x.com/kaitlancollins/status/1889716749504823412</a>

Macro Economic Events

Global

Economics

CNN Reporter Kaitlan Collins Posts On X "President Trump had a call with Russian President Putin this morning, I'm told."

TE Connectivity plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) shares are trading lower on Wednesday after the company agreed to acquire Richards Manufacturing Co. from Oaktree Capital Management and the Bier family in an all-cash <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43652224/te-connectivity-to-acquire-richards-manufacturing-to-expand-position-in-fast-growing-energy-market" rel="noreferrer noopener">transaction of around&nbsp;$2.3 billion</a>.
The deal enhances TE&#8217;s position in North America&#8217;s electrical utility market by integrating complementary products and leveraging Richards&#8217; expertise to capitalize on growth in underground electrical networks.
The company expects the acquisition to generate mid-teens returns on invested capital, driven by tax, revenue, and cost synergies.
The transaction is expected to close in TE Connectivity&#8217;s fiscal third-quarter ending June 2025.
The company plans to integrate business into its Industrial Solutions segment, contributing approximately $400 million in annual sales with <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">EBITDA margins in the mid-30% range</a>.
The deal is expected to boost TE&#8217;s sales growth and operating margins, with an anticipated 10 cents accretion to adjusted EPS in the first full year, excluding acquisition-related expenses.
TE Connectivity CEO&nbsp;Terrence Curtin said, &#8220;The acquisition of Richards Manufacturing aligns with our strategy and positions us to further capitalize on an accelerating grid replacement and upgrade cycle in&nbsp;North America, driven by aging infrastructure, the increased hardening of the network and the upgrades that are required to support the increase in energy demand.&#8221;
The company plans to finance the transaction through cash and additional debt. As of December&nbsp;27, TE&#8217;s cash and cash equivalents stood at $1.254 billion.
Last month, TE Connectivity reported first-quarter 2025 adjusted EPS of $1.95, surpassing the $1.89 estimate, while sales of $3.84 billion fell short <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43122031/te-connectivity-announces-first-quarter-results-for-fiscal-year-2025" rel="noreferrer noopener">of the $3.91 billion estimate</a>.
Investors can gain exposure to the stock via Investment Managers Series Trust III FPA Global Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FPAG#BATS">FPAG</a>) and Vesper US Large Cap Short-Term Reversal Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTRN#NYSE">UTRN</a>).
Price Action: TE shares are down 2.07% at $145.78 at the last check Wednesday.
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Photo via Shutterstock.

Equities

Large Cap

Movers

Northern Lights Fund Trust III FPA Global Equity ETF

FPAG

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN

TE Connectivity Snaps Up Richards Manufacturing For $2.3 Billion: Details

WIIM

BABA

BEKE

BILI

FUTU

TCOM

XPEV

Shares of US-listed Chinese companies are trading higher amid a tech rally related to DeepSeek AI. Also, Baidu announced it plans to release an AI model this year.

WELL

Welltower shares are trading higher following a Q4 FFO beat.

RBC Capital analyst Drew McReynolds reiterates Cineplex (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CGX#TSX">CGX</a>) with a Outperform and maintains C$13 price target.

TSX:CGX

RBC Capital Reiterates Outperform on Cineplex, Maintains C$13 Price Target

Federal Reserve

Fed Chair Powell Says We Are Holding Rates Where They Are Awaiting Further Evidence Of Inflation Coming Down; Fed Paying Banks On Reserves Is Not Affecting Inflation; Paying Interest On Reserves Is How We Control The Policy Rate

RBC Capital analyst Brad Erickson reiterates Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) with a Outperform and maintains $88 price target.

RBC Capital Reiterates Outperform on Zillow Gr, Maintains $88 Price Target

AMC shares are trading higher after Goldman Sachs disclosed a 6.5% stake in the company via a 13G filing.

RBC Capital analyst Deane Dray maintains WESCO Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCC#NYSE">WCC</a>) with a Sector Perform and raises the price target from $212 to $213.

RBC Capital Maintains Sector Perform on WESCO Intl, Raises Price Target to $213

RBC Capital analyst Matthew Hedberg maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Sector Perform and lowers the price target from $32 to $29.

RBC Capital Maintains Sector Perform on Teradata, Lowers Price Target to $29

<a href="https://www.sec.gov/Archives/edgar/data/886982/000076999325000120/xslSCHEDULE_13G_X01/primary_doc.xml" title="https://www.sec.gov/Archives/edgar/data/886982/000076999325000120/xslSCHEDULE_13G_X01/primary_doc.xml">https://www.sec.gov/Archives/edgar/data/886982/000076999325000120/xslSCHEDULE_13G_X01/primary_doc.xml</a>

AMC Entertainment 13G Filing Shows The Goldman Sachs Group Reported A 6.5% Stake In The Co As Of December 31, 2024

Goldman Sachs analyst Brian Lee maintains Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) with a Neutral and raises the price target from $197 to $217.

Goldman Sachs Maintains Neutral on Watts Water Technologies, Raises Price Target to $217

RBC Capital analyst Paul Treiber maintains Shopify (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#TSX">SHOP</a>) with a Outperform and raises the price target from C$130 to C$145.

TSX:SHOP

RBC Capital Maintains Outperform on Shopify, Raises Price Target to C$145

Gorilla Technology Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) shares are trading higher. The company on Wednesday announced an expanded partnership <a href="https://www.benzinga.com/quote/GRRR">focused on AI</a>.
What To Know: Gorilla Technology announced an expanded partnership with British Telecom and the Port of Tyne to broaden AI video analytics deployment across the port.
Gorilla Technology said the existing partnership has already successfully transformed container tracking and damage classification. The focus will now shift to revolutionizing safety in high-risk environments. 
Gorilla&#8217;s advanced AI-powered video analytics platform will be leveraged to monitor select hazardous areas within the port. The system, which will be integrated into British Telecom&#8217;s 5G private network, will detect potential safety risks in an effort to reduce workplace incidents and increase safety. 
The company&#8217;s platform will also be used for actionable insights into operational workflows, improving efficiency at the Port of Tyne. 
&#8220;We are proud to partner again with BT and the Port of Tyne on this transformative project that underscores our commitment to revolutionizing safety in industrial environments. By deploying our bleeding-edge AI video analytics solutions, we aim to set a new standard for safety and operational excellence in ports worldwide,&#8221; said Will Addison, VP of Innovation, EMEA of Gorilla Technology.
Gorilla Technology is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology.
GRRR Price Action: <a href="https://www.benzinga.com/quote/GRRR">Gorilla Technology shares</a> were up 8.62% at $22.56 at the time of publication, according to<a href="http://pro.benzinga.com"> Benzinga Pro</a>.
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Photo: Shutterstock.

GRRR

What's Going On With Gorilla Technology Stock Today?

RBC Capital analyst Paul Treiber maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $130 to $145.

SHOP

RBC Capital Maintains Outperform on Shopify, Raises Price Target to $145

Goldman Sachs analyst Michael Ng maintains Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) with a Sell and raises the price target from $13.5 to $15.

UPST

Goldman Sachs Maintains Sell on Upstart Hldgs, Raises Price Target to $15

Fed Chair Powell Says We Don't Know What End Intention Is On CFPB; If CFPB Goes Away There Would Not Be A Federal Regulator To Examine Big Banks On Consumer Protection

RBC Capital analyst Brad Heffern maintains NNN REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNN#NYSE">NNN</a>) with a Sector Perform and lowers the price target from $45 to $43.

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