Tag: NASDAQ:TSLA
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Unilever Initiates Ice Cream Division Spin-Off and Announces Job Cuts; Berkshire Ramps Up Share Buyback Efforts, and More
Unilever (NYSE:UL) – Unilever announced on Tuesday the spin-off of its ice cream unit, including Magnum and Ben & Jerry’s, into an independent business, accompanied by a cost-cutting program that would cut 7,500 jobs. The initial action resulted in a 3.2% increase in shares in pre-market trading. Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway has stepped…
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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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Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News
Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency, the Department of Commerce, to cover the shortfall. This change could impact the total funding Intel expects to receive, generating controversy over the use…
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Oracle Soars 13% With Exceptional Growth and Boosts Nvidia Shares With Collaboration Announcement, and More
Nvidia (NASDAQ:NVDA) – Nvidia shares are up 1.7% in Tuesday’s pre-market, driven by Oracle‘s (NYSE:ORCL) emphasis on its importance in the artificial intelligence market. After Monday’s close, Oracle announced a new cloud computing infrastructure deal with Nvidia. Nvidia shares closed lower on Monday, but Oracle CEO Safra Catz indicated a promising collaboration in an earnings…
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Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone
OpenAI – Sam Altman, CEO of OpenAI, returns to the board along with three new directors, following a WilmerHale investigation into his dismissal last November. The company has strengthened its governance rules and conflict of interest policy, with unanimous board support. Coinbase (NASDAQ:COIN), MicroStrategy (NASDAQ:MSTR), Marathon Digital (NASDAQ:MARA) – In pre-market trading, Coinbase registers a…
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March’s Top Crypto Market Events; Tesla’s Bitcoin Addresses Exposed, and Latest News
AI tokens gain prominence on Thursday ahead of Nvidia conference Artificial Intelligence tokens, such as Fetch.ai (COIN:FETUSD), SingularityNET (COIN:AGIXUSD), Render (COIN:RNDRUSD), recorded significant increases in the last 24 hours, driven by the proximity of Nvidia’s (NASDAQ:NVDA) AI conference on March 18. Despite Nvidia’s financial success, there are debates about the real connection of these tokens…
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Tesla Exits Market Top 10, Victoria’s Secret Stock Tumbles 30% on Weak Forecast
Tesla (NASDAQ:TSLA) – Tesla exited the top 10 largest US companies by market cap for the first time in 13 months, surpassed by Visa (NYSE:V). The stock drop reflected concerns about margins and demand. Elsewhere, Tesla announced its departure from Australia’s main automotive lobby, accusing it of misleading consumers about fuel efficiency standards. The company…
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Airship AI skyrockets with DOJ contract; Carrier Global sells Fire Industrial division for $1.43 billion, and Latest News
Airship AI Holdings (NASDAQ:AISP) – While the tech sector fell on Tuesday’s trading session, shares of Airship AI stood out, soaring 200% after securing a contract with the U.S. Department of Justice. Based in Redmond, Washington, the company uses AI to assist clients in law enforcement and defense. President Paul Allen stated that the company…
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Futures Pointing To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside following the modest pullback seen on Monday. Traders may continue to cash in on recent strength in the markets, which lifted the S&P 500 and the Nasdaq to record closing highs last Friday. Uncertainty…
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AMD Hits Regulatory Roadblock, GitLab’s Stock Tumbles on Disappointing Earnings, and Latest News
GitLab (NASDAQ:GTLB) – GitLab shares fell 23% in Tuesday’s pre-market after releasing quarterly results. The net loss in the fourth quarter was $37.6 million, or 23 cents per share, with adjusted earnings of 15 cents per share. Revenue increased to $163.8 million. The adjusted earnings projections for the full year were below analysts’ expectations. Advanced…