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Subscription Requests For Arm’s IPO Exceed The Offer By 10 times
The subscription to Arm Holdings Ltd’s initial public offering (IPO) has already exceeded the offering by 10 times, and the banks responsible for the operation plan to close the order book on Tuesday afternoon, a day earlier than planned, according to people familiar with the matter. Arm, controlled by SoftBank Group Corp, will close its…
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Tuesday’s Wall Street Highlights: Apple, Acelyrin, WestRock, Oracle, UPS, and more
US index futures are falling in Tuesday’s pre-market, with investors digesting European indicators waiting for American inflation, which will be released tomorrow and should give clues about the Federal Reserve’s next steps. At 7:01 AM, Dow Jones futures (DOWI:DJI) fell 46 points, or 0.13%. S&P 500 futures were down 0.14% and Nasdaq-100 futures were down 0.19%. The…
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America vs. Google: A Historic Trial for Monopolistic Practices in Online Searches
A historic trial begins today (12) in which the U.S. government accuses Google (NASDAQ:GOOG) of monopolistic practices in its search system. The United States will argue on Tuesday that Google did not play by the rules in its efforts to dominate online searches, as a trial seen as a battle for the soul of the…
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Amazon’s Inaugural Foray into Direct Air Capture Climate Technology: A Game-Changer in Emissions Reduction
Amazon.com (NASDAQ:AMZN), the e-commerce behemoth, has taken its inaugural step into direct air capture (DAC) technology, a process that removes emissions from the atmosphere. The company announced its commitment to purchase 250,000 tons of removal credits over the span of a decade, according to a statement released on Tuesday. These credits will be procured from…
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New Alibaba Group CEO Lays Out Strategic Priorities For Staff
Alibaba’s New CEO, Eddie Wu, Reveals Key Strategic Focus on “User First” and AI-Driven Initiatives Eddie Wu, the newly appointed CEO of Alibaba Group (NYSE:BABA), has outlined the tech giant’s primary strategic priorities in an internal letter reviewed by Reuters. Wu, who sent the communication on his third day as CEO, emphasized two core focuses:…
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Oracle’s Stock Takes a 9% Dive as Cloud Forecast Disappoints; Goldman Sachs Cautions on High Expectations
Oracle’s fiscal first-quarter results, which exceeded analysts’ expectations, were driven by businesses’ growing interest in developing generative artificial intelligence applications, leading to increased demand for cloud services. Although Oracle Corporation’s (NYSE:ORCL) shares initially dipped more than 3% in after-hours trading after the report, they fell as much as 9% following a cautious outlook provided by…
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North American Morning Briefing: Stock Futures Dip Ahead of Apple Event as Inflation Data Looms
Market Wraps Watch For: World Agricultural Supply & Demand Estimates Today’s Headlines/Must Reads – Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits – Five Things to Look for at Apple’s Tuesday iPhone Event – U.S. Takes Steps to Free $6 Billion in Iranian Funds in Prisoner-Swap Deal Opening Call: Traders appeared reluctant to…
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US Futures Down, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. HelloFresh rose 5.7% and Getinge Series B climbed 3.7%. On the…
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Top Company News of the Day: UAW, Oracle, Apple, Shar Redstone
UAW Bends on Wage Demands as Talks Progress in Detroit The union has proposed a mid-30% wage increase, down from an initial demand of at least 40%. Oracle stock sinks as revenue outlook falls below Wall Street consensus Oracle Corp. shares fell further in the extended session Monday after the software company’s forecast disappointed. Five…
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U.S. Stocks Most Mostly Higher, Nasdaq Jumps Following Tesla Upgrade
Following the notable pullback seen last week, stocks moved mostly higher during trading on Monday. The major averages all moved to the upside on the day, adding to the modest gains posted last Friday. The major averages all closed in positive territory, with the tech-heavy Nasdaq posting a standout gain. The Nasdaq jumped 156.37 points…