Tag: NASDAQ:PEP
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Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News
Earnings Nvidia (NASDAQ:NVDA) – Nvidia’s earnings, viewed as a barometer for the growing AI industry, will be released after the market closes on Wednesday. The results will also serve as a critical indicator for the US stock market, which has reached record highs. Analysts estimate that Nvidia will report earnings per share of $5.17 on…
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Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News
Alphabet (NASDAQ:GOOGL) – Alphabet CEO Sundar Pichai has reached a fortune of ten digits, a result of the remarkable growth of Google’s stock since he took the helm in 2015. He has led the company through a period of expansion and innovation, boosting the stock value and company profits. His journey, from a humble childhood…
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U.S. Index Futures Rise in Pre-Market, Oil Prices Dip Slightly
U.S. index futures saw a rise in pre-market trading this Tuesday, sustaining the positive momentum observed in the previous session. The S&P 500 broke a six-day losing streak the day before, driven by a significant recovery in the technology sector. At 6:33 AM, Dow Jones futures (DOWI:DJI) rose 69 points, or 0.19%. S&P 500 futures…
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Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates
Salesforce (NYSE:CRM), Informatica (NYSE:INFA) – Salesforce has withdrawn from negotiations to acquire Informatica due to disagreements over terms, according to Reuters. The discussions were in advanced stages, with a potential price of around $30 per share for Informatica, which has clients such as Unilever and Deloitte. Salesforce shares rose 3.4%, while Informatica shares fell 6.2%,…
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Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates
Apple (NASDAQ:AAPL) – Apple is laying off 614 employees in Silicon Valley after ending its secret autonomous electric vehicle project. These are the first significant job cuts since the beginning of the pandemic, mainly impacting satellite offices in Santa Clara, California. Moreover, Hon Hai, known as Foxconn (USOTC:FXCOF), saw an 11.8% increase in sales in…
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FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News
FedEx (NYSE:FDX) – FedEx exceeded profit forecasts for the quarter, posting an adjusted profit of $3.86 per share, higher than the $3.45 per share expected by analysts consulted by LSEG. However, the company’s revenue did not meet estimates. FedEx also announced a $5 billion share buyback program. FedEx shares rose 12.6% in pre-market trading. Nike…
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Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News
Apple (NASDAQ:AAPL) – Apple is in discussions with Google to integrate Gemini AI into the iPhone. Additionally, it is considering a partnership with Microsoft and OpenAI for generative features. Moreover, Apple is preparing updates for iOS 18 but is seeking a partner to enhance functionalities. An announcement could be made in June during the Worldwide…
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U.S. Index Futures Edge Higher, Oil Prices Show Modest Movements
In the pre-market on Friday, U.S. index futures are slightly up, after the S&P 500 closed just under 3 points below the key threshold of 5,000 the day before. At 05:32 AM, the futures of the Dow Jones (DOWI:DJI) rose 6 points, or 0.02%. The S&P 500 futures rose 0.10% to 5,023.00 points, and the…
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U.S. Stocks Extend Thursday’s Rally On Upbeat Meta, Amazon Results
Stocks moved sharply higher over the course of the trading day on Friday, extending the recovery rally seen during trading Thursday’s session. The major averages more than offset the steep drop seen on Wednesday, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels…
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Wall Street Highlights: Macy’s Announces Job Cuts, iRobot Shares Plummet Due to Planned Acquisition Block, and More
In the pre-market on Friday, U.S. index futures are rising, extending the increase seen the day before, when the government avoided a shutdown with funding through March. Today, investors await earnings from major financial institutions, as well as data on sales of existing homes and consumer sentiment. At 05:43 AM, the Dow Jones futures (DOWI:DJI)…