ADVFN US – Market Content Editor
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Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News
Apple (NASDAQ:AAPL) – In the first quarter of 2024, Apple’s smartphone shipments fell by 10%, challenged by Android competitors. Samsung led with a 20.8% market share, reversing Apple’s position. Apple sold 50.1 million iPhones, down by 5.3 million from the previous year. Sales in China declined by 2.1%. Recently, the stock market reacted to the…
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U.S. Stocks Pulling Back Sharply As JPMorgan Chase Disappoints
Following the notable rebound seen in the previous session, stocks have shown a significant move back to the downside during trading on Friday. The major averages have all slid firmly into negative territory, with the Dow falling to a two-month intraday low. Currently, the major averages are just off their worst levels of the day.…
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Aptos Declines Ahead of Token Unlock, Hong Kong Nears Approval of Crypto ETFs, and More Updates
Cryptocurrency Aptos’ performance declines ahead of major token release The layer-1 blockchain cryptocurrency Aptos (COIN:APTUSD) underperformed the general cryptocurrency market this week, falling nearly 20% ahead of a significant token unlocking event. Scheduled for April 12, the event will release 24.84 million APT tokens that were previously locked, representing about 6% of the circulating supply…
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Import and Export Prices Rise
Import prices in the U.S. increased by slightly more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said import prices climbed by 0.4 percent in March after rising by 0.3 percent in February. Economists had expected import prices to increase by another 0.3…
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U.S. Stocks May Move Back To The Downside In Early Trading
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move back to the downside following the notable rebound seen in the previous session. A steep drop by JPMorgan Chase (NYSE:JPM) may weigh on the markets, as the financial giant is tumbling by 3.0 percent in pre-market…
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U.S. Index Futures Indecisive Ahead of Banking Earnings, Oil Prices Surge
U.S. index futures show no clear direction in pre-market trading this Friday as investors eagerly await the financial results of major banking corporations. At 6:18 AM, Dow Jones futures (DOWI:DJI) rose 21 points, or 0.05%. S&P 500 futures fell 0.16%, and Nasdaq-100 futures lost 0.35%. The yield on 10-year Treasury bonds stood at 4.54%. In…
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Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News
Paramount Global (NASDAQ:PARA) – Some investors in Paramount Global are concerned about a potential merger with Skydance Media and are calling for a fair approach. Skydance, known for hits such as “Top Gun: Maverick,” is in exclusive talks. Four board members of Paramount Global have announced they will resign amid reports of merger talks with…
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Nasdaq Surges To New Record Closing High But Dow Closes Little Changed
After ending the previous session sharply lower, stocks showed a strong move back to the upside during trading on Thursday. Technology stocks led the rebound on Wall Street, with the tech-heavy Nasdaq (NASDAQI:COMP) surging to a new record closing high. The Nasdaq pulled back off its highs of the session going into the close but…
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Coinbase to Launch PEPE Futures, Uniswap Grapples with SEC, and Latest Crypto News
Bitcoin holds price above $70,000 despite US inflation instability Bitcoin (COIN:BTCUSD) records a modest decrease of 0.43% at the time of writing, yet remains resilient above the $70,000 mark amid volatility triggered by a US inflation report for March that exceeded expectations. Despite the initial market reaction, the cryptocurrency displayed stability compared to other assets,…
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Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News
Meta Platforms (NASDAQ:META) – Meta Platforms disclosed details on Wednesday about its upcoming generation of internal AI accelerator chip, named Artemis, aiming to lessen its dependence on Nvidia’s AI chips and energy costs. The MTIA chip delivers thrice the performance of its preceding generation. Furthermore, Instagram intends to trial features to blur messages containing nudity,…