ADVFN US – Market Content Editor
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Futures Pointing To Roughly Flat Open After Israel Retaliates Against Iran
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after trending lower over the past several sessions. The futures had been pointing to a lower open earlier in the morning after Israel launched strikes against Iran, in what appeared to…
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U.S. Index Futures Decline Amid Israel-Iran Tensions
In pre-market trading this Thursday, U.S. index futures are down, reflecting increased tensions between Israel and Iran. S&P 500 is headed for its worst week in nearly six months, after five consecutive sessions of decline and a weekly accumulated decline of 2.2%. This would be the third consecutive week of losses for the index, largely…
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Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More
Paramount Global (NASDAQ:PARA), Sony (NYSE:SONY), Apollo Global Management (NYSE:APO) – Sony Pictures Entertainment and Apollo Global Management are in discussions for a joint bid for Paramount Global, aiming to take the company private. The bid would include cash for all outstanding shares. Sony would operate the studio, while Apollo would take control of the CBS…
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General Motors and Ford Face Growth Challenges Amid Electric Vehicle Slowdown
American automakers General Motors (GM) and Ford are gearing up to report their first-quarter results next week, facing the common challenge of explaining to investors where future profit growth will originate as electric vehicle (EV) growth slows. The global demand for electric vehicles is softening, while competition from Chinese automakers intensifies, and high loan costs…
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Tesla Recalls Nearly 4,000 Cybertrucks Over Accelerator Pedal Issue
Tesla is recalling 3,878 units of its Cybertruck due to a problem with the accelerator pedal pad that could potentially increase the risk of accidents, the U.S. National Highway Traffic Safety Administration (NHTSA) announced on Friday. According to the safety regulator, the pedal pad may come loose and become lodged in the vehicle’s interior trim,…
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Latest Analyst Ratings and Target Price Adjustments: Bank Of America, Netflix, Nike…
In a series of recent updates from leading research firms, several major corporations received revised ratings and target prices, indicating a shifting landscape in investor sentiment and market strategies. Bank of America Corporation saw an upgrade from Wolfe Research, moving from “Peerperform” to “Outperform” with a new target price of $42. This adjustment suggests growing…
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Modest Growth at LVMH Signals Challenges for the Luxury Sector
In January, Bernard Arnault, CEO and founder of LVMH, expressed satisfaction with the prospect of an 8% to 10% growth for the group’s fashion and leather goods division this year. However, such expansion now seems unlikely. The unit, led by giants like Louis Vuitton and Dior, recorded just a 2% increase in organic sales, marking…
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Meta Platforms Launches Llama 3, Strengthening Its Position in the AI Market
Meta Platforms introduced the new version of its artificial intelligence model, Llama 3, on Thursday, marking its latest effort to firmly position itself in the competitive AI market dominated by giants like OpenAI with ChatGPT and Google with Gemini. Llama 3 is an evolution of Llama 2, introduced last summer in the Northern Hemisphere, which…
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Apple removes WhatsApp, Threads from store in China
Apple Inc. said on Friday in a statement cited by The Wall Street Journal that the Chinese cyberspace administration ordered it to remove WhatsApp and Threads from its app store in the country. “We are obligated to follow the laws in the countries where we operate, even when we disagree,” Apple said, adding that the…
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Oil Prices Stabilize After Initial Surge Amid Israeli-Iranian Tensions
Oil prices experienced a volatile trading session, initially surging over concerns about the escalating conflict between Israel and Iran, only to pare those gains as Iranian media downplayed the impacts of recent Israeli strikes. Brent crude (CCOM:OILBRENT) steadied around $87 a barrel after an earlier jump of more than 4% to above $90, driven by…