Tag: NYSE:BHP
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Robinhood Shares Surge 3.3% on Stock Buyback Announcement; Anglo Declines BHP Deadline Extension, and More News
Robinhood Markets (NASDAQ:HOOD) – Robinhood has launched a $1 billion share buyback program, reflecting confidence in the company. The program is expected to be executed over two to three years, starting in the third quarter of 2024, subject to market conditions. Robinhood’s shares rose 3.3% in pre-market trading. Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL) – Nvidia’s shares…
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iPhone Sales Skyrocket in China, Nvidia Surges in Pre-Market Following xAI Fundraising, and More News
Apple (NASDAQ:AAPL) – In April, Apple’s iPhone sales in China surged by 52% compared to the previous year, recovering from a challenging start to the year. This increase comes despite strong competition from local manufacturers like Huawei. Overall smartphone sales in the country also grew, totaling 22.7 million units. At the upcoming developer conference, Apple…
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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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OpenAI and News Corp Seal Partnership, DuPont de Nemours Announces Division, and More News
News Corp (NASDAQ:NWS) – News Corp and OpenAI have established a historic partnership allowing OpenAI to use journalistic content from News Corp, including major titles like The Wall Street Journal and The Sun, to enhance OpenAI’s answers and products. News Corp’s shares rose up to 2% in pre-market trading. DuPont de Nemours (NYSE:DD) – DuPont…
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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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CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News
Exxon Mobil (NYSE:XOM) – The California Public Employees’ Retirement System (CalPERS) announced it will vote against Exxon’s 12 board nominees, citing the company’s legal action against activist investors. CalPERS warned in a letter that such legal action could diminish investors’ roles and rights in influencing the company’s financial outcomes. The vote will take place at…
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Chubb Stock Soars 9% with Berkshire Acquisition, AST SpaceMobile jumps 37% on AT&T deal, and More News
Berkshire Hathaway (NYSE:BRK.A), Chubb (NYSE:CB) – Chubb’s stock increased by approximately 9.3% after Berkshire Hathaway disclosed its acquisition of nearly 26 million shares of the property and casualty insurer, representing a $6.7 billion investment. As a result, Chubb became Berkshire’s ninth-largest holding by the end of March, as recorded in a new regulatory document. Netflix…
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Nike Cuts Jobs at Converse, Ilya Sutskever Departs from OpenAI, WBD Increases Buyback Offer, and More News
Nike (NYSE:NKE) – Converse, a Nike subsidiary, will cut jobs as part of its ongoing $2 billion cost reduction plan. Nike, affected by cautious consumer spending, will reduce product supply and management layers, along with facing job cuts in its operations. OpenAI – Ilya Sutskever, co-founder and chief scientist of OpenAI, is leaving the company…
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Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News
Walmart (NYSE:WMT) – Walmart is reducing corporate jobs and urging remote workers to move to offices, according to the Wall Street Journal. Smaller offices in Dallas, Atlanta, and Toronto are being redirected to hubs like the headquarters in Bentonville or Hoboken. The company allows part-time remote work but prioritizes office presence. Walmart is about to…
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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…