Tag: NASDAQ:MU
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Workday Shares Drop 12%, VF Corp Divests Assets for Cash Boost, and More
VF Corp (NYSE:VFC) – VF Corp, the owner of Vans and North Face brands, sold two jets and listed a hangar for sale as part of its cost-cutting and cash-generating strategies. These actions are part of the company’s plan to address continuous revenue declines and prepare for future debt maturities. Morgan Stanley (NYSE:MS) – James…
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Lingering Rate Uncertainty May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session. Traders may take a step back to assess the recent strength in the markets, which has seen the major averages climb to…
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BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News
BHP (NYSE:BHP), Anglo American (LSE:AAL) – BHP announced a $38.8 billion bid for Anglo American, boosting the latter’s shares by 12.4%. The proposal, aiming to create the world’s largest copper miner, offers a 31% premium to Anglo’s shareholders, who are reviewing the offer. The deal could trigger a wave of consolidation in the industry, with…
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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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Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates
Apple (NASDAQ:AAPL) – Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Match Group (NASDAQ:MTCH), and X joined Epic Games in protesting against Apple, accusing it of violating an injunction by restricting payment options in the App Store, claiming price inflation and competition hurdles. Furthermore, the U.S. Department of Justice is preparing to sue Apple for alleged antitrust law…
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Micron Surges on Unexpected Profit, Five Below and Guess Report Mixed Results
In a notable turn of events, Micron Technology (NASDAQ:MU) delivered a surprising profit report, surpassing analysts’ predictions and setting an optimistic profit outlook for the upcoming period. The renowned memory-chip manufacturer not only projected a significant profit but also anticipated fiscal third-quarter revenues to be between $6.4 billion and $6.8 billion. This forecast notably exceeds…
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U.S. Index Futures Trade Sideways Amid Anticipation of Fed’s Policy Update; Oil Prices Dip
In Wednesday’s pre-market trading, U.S. index futures were trading sideways, reflecting investors’ caution after a positive session, with focus turning to the upcoming Federal Reserve monetary policy update. As of 6:31 AM, Dow Jones futures (DOWI:DJI) were down 31 points, or -0.08%. S&P 500 futures declined by -0.06%, and Nasdaq-100 futures gained 0.03%. The yield…
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Futures Turn Positive Following Monthly Jobs Report
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the strong upward move seen over the two previous sessions. The futures turned positive following the release of the Labor Department’s closely watched report on employment in the month of February. While job growth in February…
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U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the modest pullback seen in the previous session. Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street following last week’s advance by the…
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Expedia Announces 1,500 Job Cuts; Hims & Hers Surges 19.8% Post Financial Results, and More News
Expedia (NASDAQ:EXPE) – Expedia revealed plans on Monday to cut approximately 1,500 jobs globally, about 9% of its workforce, as part of an “organizational and technological transformation.” The decision follows a moderate revenue forecast for 2024, with declining airfare prices. Expedia’s restructuring will incur pre-tax charges and cash expenses between $80 million and $100 million.…