Author: Fernanda T
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Microsoft Shares Drop 2% and CrowdStrike Plunges 21% Pre-Market Following Major Global Outage
Microsoft (NASDAQ:MSFT) – A widespread failure in Microsoft’s services affects many large companies globally. The outage, which extended from the U.S. to Asia, impacted the operations of many companies, causing issues from customer service to banking and airline operations, including McDonald’s, the London Stock Exchange, Bank of Israel. American, Delta, United, and Allegiant Air suspended…
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Nasdaq Tech Stocks Show Partial Recovery; Oil Prices Rise
U.S. index futures show a mixed trend in pre-market trading this Thursday, with technology stocks making a partial recovery after the Nasdaq experienced its worst session since 2022 the previous day. At 5:07 AM, Dow Jones futures (DOWI:DJI) fell 30 points, or 0.07%. S&P 500 futures gained 0.28%, and Nasdaq-100 futures advanced 0.58%. The yield…
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Darden Acquires Chuy’s for $605M, BYND Drops 14% Amid Debt Restructuring, Petco Appoints Ex-Five Below CEO
Darden Restaurants (NYSE:DRI) – Darden Restaurants, owner of Olive Garden, agreed to acquire Chuy’s Holdings for $605 million in an all-cash deal. The purchase will add 101 Chuy’s restaurants in 15 US states to Darden’s portfolio, which includes brands like LongHorn Steakhouse and Yard House. Beyond Meat (NASDAQ:BYND) – Beyond Meat is facing financial difficulties…
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TSMC Net Profit Hits $7.6B; Nokia Sees 32% Decline in Operating Profit; Novartis Boosts Outlook After Profit Surge
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC exceeded earnings and revenue expectations in the second quarter with $20.82 billion in revenue and a net profit of $7.6 billion. Strong demand for advanced chips for AI applications drove a 40.1% increase in revenue and a 36.3% rise in profit year-over-year. TSMC also adjusted its capital expenditure…
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Bitcoin ETFs Surge, Grayscale Launches AI Fund, XRP Soars 40% in One Week
Bitcoin ETFs in the US attract inflows for seven consecutive days On July 16, Bitcoin exchange-traded funds (ETFs) in the United States saw a net inflow of $422.5 million, marking the most robust investment day since early June. This phenomenon occurred during a streak of seven consecutive days of gains, during which the funds accumulated…
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Tech-Led Decline in U.S. Index Futures Pre-Market, Oil Prices Steady After U.S. Inventory Drop
U.S. index futures are registering a significant drop in pre-market trading this Wednesday, with the technology sector being the most affected. At 5:50 AM, Dow Jones futures (DOWI:DJI) fell 78 points, or 0.19%. S&P 500 futures lost 0.74%, and Nasdaq-100 futures retreated 1.23%. The 10-year Treasury yield stood at 4.17%. In the commodities market, oil…
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Spirit Airlines Cuts Revenue Forecast, J.B. Hunt Disappoints Analysts’ Estimates, and More Earnings Updates
Spirit Airlines (NYSE:SAVE) – Spirit Airlines reduced its revenue forecast for the second quarter to $1.28 billion, down from the previous estimate of $1.32-1.34 billion, due to lower ancillary revenue. Revenue per passenger is estimated at $64, below expectations. The adjusted negative operating margin is projected between 13.5% and 12.5%. Shares fell 6.33% in pre-market…
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HSBC Names New CEO, Tesla Moves Headquarters to Texas, ASML Faces Trade Restrictions, GitLab Considers Sale
HSBC Holdings (NYSE:HSBC) – HSBC has appointed Georges Elhedery, its current Chief Financial Officer, as the new CEO, reinforcing its strategy of continuity and growth. He will succeed Noel Quinn in September, marking the bank’s third leadership transition in less than eight years, maintaining its policy of internal promotion. As the new leader, Elhedery will…
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Mt. Gox Distributes Funds, Ether ETF Outlook, Zcash Decentralized Finance, WLD Soars
Distribution of Mt. Gox funds and its impact on the Bitcoin market Kraken exchange customers were informed via email that Mt. Gox refunds had been transferred to Kraken, with distribution expected within 7 to 14 days. Arkham Intelligence noted the movement of 48,641 Bitcoins, valued at $3.1 billion, from a Mt. Gox fiduciary wallet, suggesting…
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US Index Futures Steady, Oil Prices Dip Amid China Slowdown, Key Earnings Reports Ahead
U.S. index futures are mostly steady in pre-market trading on Tuesday, following a record Dow Jones closing for the 20th time this year on the previous day. At 5:36 AM, Dow Jones futures (DOWI:DJI) rose 33 points, or 0.08%. S&P 500 futures gained 0.02%, and Nasdaq-100 futures increased by 0.01%. The 10-year Treasury yield stood…