ADVFN US – Market Content Editor
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Google Terminates Employees Over Protests Against Israeli Government Contract
Google LLC (NASDAQ:GOOG) has dismissed 28 employees from its New York and Sunnyvale, California offices. These employees were actively protesting against the company’s controversial cloud-computing contract with the Israeli government. The dismissals were reported by the Wall Street Journal on Thursday, referencing an internal email from Chris Rackow, Google’s Vice President for Global Security. In…
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TSMC Reports Strong First Quarter Growth Driven by AI Demand
Taiwan Semiconductor Manufacturing Company Limited (TSMC), the world’s leading semiconductor manufacturer, announced on Thursday that its net income for the first quarter of 2024 surged by 38% year-over-year to NT$225 billion ($7.1 billion). This increase surpassed expectations, fueled by escalating demand for artificial intelligence (AI) applications. The company’s net revenue reached NT$592.64 billion ($18.87 billion),…
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Blackstone Reports Stellar First Quarter Earnings for Fiscal Year 2024
In an impressive display of financial performance, Blackstone Inc. (NYSE:BX) announced on Thursday that its revenue for the first quarter of fiscal year 2024 saw a significant annual increase of 166%, reaching $3.69 billion. The investment giant’s net income also witnessed a staggering rise, soaring approximately 653% compared to the same period in 2023, and…
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Daily Analyst Recommendations Roundup: Baker Hughes, Ebay, Halliburton, Linde, Oracle…
In today’s financial markets, keeping track of analyst recommendations can provide traders with essential insights into stock movements and market sentiment. Our daily roundup includes significant changes in analyst opinions, price target adjustments, and new coverage from North America. Here’s the latest: Baker Hughes Company (BKR): Morgan Stanley maintains its “Overweight” rating on Baker Hughes,…
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U.S. Futures Rebound Amid Global Market Fluctuations, Oil Prices Decline
U.S. index futures are rising in pre-market trading on Thursday, following four consecutive days of losses for the S&P 500 and Nasdaq. As of 6:27 AM, Dow Jones Industrial Average futures (DOWI:DJI) were up 68 points, or 0.18%. S&P 500 futures advanced 0.20%, and Nasdaq-100 futures gained 0.25%. The yield on 10-year Treasury notes was…
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TSMC Revenue Rises 13% in Q1, Alcoa Exceeds EBITDA Expectations Despite Loss, and More Earnings News
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC recorded a 9% higher net profit in the first quarter, reaching $6.98 billion, surpassing market expectations. Benefiting from the growing demand for semiconductors for artificial intelligence, the company had a revenue of $18.87 billion, an increase of 13% compared to the previous year. Shares are down -2.11% in…
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Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News
Apple (NASDAQ:AAPL) – Apple plans to invest over $250 million to expand its operations in Ang Mo Kio, Singapore, with two buildings acquired in 2022 undergoing a major upgrade. CEO Tim Cook emphasized the importance of connecting with the local community. Oracle (NYSE:ORCL) – Oracle announced on Wednesday an investment of more than $8 billion…
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U.S. Stocks Move Mostly Lower Amid Ongoing Interest Rate Worries
After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Wednesday. The major averages have all moved to the downside after ending the previous session narrowly mixed. The major averages have climbed well off their worst levels in recent trading but are…
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Analysts Sound Alarm on Fourth BTC Halving, Kraken Wallet Launch, and More Crypto News
Bitcoin approaches its fourth halving with market impact expectations Bitcoin (COIN:BTCUSD) is two days away from its fourth halving, an event that occurs every four years and will halve the block mining reward from 6.25 to 3.125 BTC. Historically, such events have been followed by significant increases in Bitcoin’s price. However, caution is advised this…
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Abbott Laboratories Reports Strong Q1 Sales Growth Amid Earnings Decline, Raises Full-Year Guidance
Abbott Laboratories (NYSE:ABT) reported on Wednesday a notable increase in its first quarter sales for 2024, which rose by 2.2% to reach $9.9 billion, surpassing analysts’ expectations. However, the company experienced a decline in net earnings, which fell by 7.0% to $1.2 billion, and diluted earnings per share (EPS) decreased by 6.7% to $0.70. Despite…