Tag: NYSE:BABA
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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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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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Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News
Adobe (NASDAQ:ADBE) – Adobe‘s shares fell approximately 11.65% in pre-market trading following a robust first fiscal report. Adobe reported an adjusted earnings per share of $4.48 on revenue of $5.18 billion, compared to LSEG consensus estimates of earnings of $4.38 per share and revenue of $5.14 billion. Net income was $620 million. Adobe projected 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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CNOOC Oil Field Discovery in South China Sea, Grifols Surges 18% After KPMG Approval, and Latest News
CNOOC (NYSE:CEO) – The Chinese state-owned oil company CNOOC discovered a new reserve in the South China Sea, with over 100 million tons of oil equivalent, located in the Kaiping South field, Pearl River Delta. Substantial investment in offshore exploration catalyzes the increased production target for 2024, reflecting CNOOC’s commitment to expanding operations and securing…
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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.…
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Broadcom in Talks to Sell Computing Unit, Alcoa Acquires Alumina for $2.2 Billion, and Latest News
Broadcom (NASDAQ:AVGO) – Broadcom is nearing a $3.8 billion deal with KKR & Company (NYSE:KKR) to sell its end-user computing unit. The CEO is looking to streamline the portfolio after acquiring VMware. The deal could be announced on Monday, with KKR leading the auction. Alcoa (NYSE:AA) – Alcoa has made a $2.2 billion proposal to…
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U.S. Index Futures Dip Ahead of Key Earnings Reports, Oil Prices Climb
In Wednesday’s pre-market, U.S. index futures show a negative trend, reflecting investor uncertainty as they await a new round of quarterly reports from renowned companies. At 5:49 AM, Dow Jones futures (DOWI:DJI) fell 38 points, or 0.10%. S&P 500 futures dropped 0.07%, and Nasdaq-100 futures were stable. The 10-year Treasury bond yield was at 4.121%.…
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Santander’s Stock Declines Amid Sanctions Evasion Scandal, Boeing 737 MAX Delivery Challenges, and More
Santander (NYSE:SAN), Lloyds Banking Group (NYSE:LYG) – Shares of Santander and Lloyds plummeted -6.5% and -1.90% in Monday’s pre-market, respectively, following reports that Iran used accounts of these banks to clandestinely transfer money as part of a sanctions evasion scheme. Documents revealed that British shell companies associated with a sanctioned Iranian petrochemical firm utilized these…