ADVFN US – Market Content Editor
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United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News
United Airlines (NASDAQ:UAL) – United Airlines forecasts an adjusted profit of between $3.75 and $4.25 per share for the June quarter. In the first quarter, it posted an adjusted loss of 15 cents per share, better than Wall Street’s estimate of a 57-cent loss per share. The company reaffirmed its earnings estimate for 2024 of…
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U.S. Stocks Finish Lackluster Session Narrowly Mixed
Stocks showed a lack of direction over the course of the trading day on Tuesday, as traders took a breather following the sell-off seen over the two previous sessions. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow (DOWI:DJI) rose 63.86 points or 0.2 percent…
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OKX Introduces X Layer for Scaling ETH, GBTC Holdings Halve Post-Launch, and More Crypto News
Bitcoin dropping to $62,000 doesn’t shake optimistic projections, while altcoins suffer significant losses Bitcoin (COIN:BTCUSD) retreated to just above $62,000, while Ether held just above $3,000 in the last 24 hours. LMAX Digital indicates that, by staying above $59,000, Bitcoin still has a promising outlook, with the potential to reach new historical peaks. However, several…
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AMD launches AI chips for business laptops and desktops
Advanced Micro Devices Inc. (NASDAQ:AMD) unveiled a new lineup of processors for personal computers on Tuesday, emphasizing a strong focus on artificial intelligence (AI) to enhance productivity and connectivity for business users. According to a recent press release, the new processors include the Ryzen Pro 8040 series for laptops and the Ryzen Pro 8000 series…
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Microsoft to reportedly announce new $1.5B AI deal with UAE
Microsoft Corp. (NASDAQ:MSFT) is set to unveil a substantial $1.5 billion deal with Emirati company G42 for the development of artificial intelligence technologies, as reported by The New York Times on Tuesday. This partnership marks a significant move in the tech industry, reflecting the growing importance of AI in global business strategies. Under the terms…
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Apple’s CEO vows to boost investments in Vietnam
Apple Inc.’s Chief Executive Officer, Tim Cook, announced on Tuesday his plans to ramp up the company’s investments in Vietnam, pointing to the strategic importance of enhancing Apple’s global supply chain. During a key meeting with Vietnamese Prime Minister Pham Minh Chinh, Cook discussed Apple’s objectives to increase spending among regional suppliers, an initiative that…
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International Paper to buy DS Smith in $9.9B deal
International Paper Co. has announced a significant acquisition of DS Smith Plc, agreeing to a purchase price of 415 pence per share, which totals approximately $9.9 billion. As part of the acquisition terms, International Paper shareholders will hold a 66.3% stake in the merged entity, while DS Smith shareholders will retain 33.7%. This major transaction…
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Amazon Music introduces AI playlist generator
Amazon Music unveiled a new AI-powered playlist generator named “Maestro” on Monday, according to a press release by Amazon.com Inc. This innovative feature is currently in beta and is initially available to a select group of Free, Prime, and Unlimited Amazon Music subscribers across all tiers within the United States. Amazon has expressed its intention…
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Google unveils AI image tools for advertisers
On Tuesday, Google announced the rollout of its new generative image tools tailored for Demand Gen advertisers, now available in English. This innovative tool is designed to empower advertisers by enabling them to produce high-quality, original campaign assets effortlessly with “just a few clicks,” while still retaining full control over the imagery utilized in their…
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Recent Analyst Ratings and Price Target Adjustments for Major Companies in the Stock Market
Recent updates in analysis and target price forecasts for several notable companies highlight significant movements in the stock market. Here are the latest adjustments by major financial institutions: Advanced Micro Devices (AMD): HSBC upgraded the rating from “hold” to “buy” and raised the target price from $180 to $225, reflecting a positive outlook on the…