Tag: NYSE:BP
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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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US Index Futures Mixed, Oil Prices Edge Higher
U.S. index futures show a mixed behavior, reflecting the volatility brought about by a recent rise in Treasury yields and the growing market anxiety that the Federal Reserve might adopt a more cautious stance on interest rate cuts than initially anticipated by Wall Street. At 06:00 AM, Dow Jones futures (DOWI:DJI) fell 65 points, or…
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Boeing Faces Strike Threat, Palantir Up 18% After Recording its First Profitable Year, and More
Boeing (NYSE:BA) – The FAA announced that 94% of Boeing 737 MAX 9 planes have returned to service after a suspension caused by an air emergency. The inspections included a detailed review, and investigations are ongoing. The FAA is reassessing its oversight of Boeing, considering possible changes in inspection approaches and relations with the manufacturer.…
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Arcus Biosciences Stock Jumps 20% on $320M Gilead Investment, Super Micro Surpasses Forecasts, and More News
Arcus Biosciences (NYSE:RCUS), Gilead Sciences (NASDAQ:GILD) – Arcus Biosciences‘ shares rose 19.5% in pre-market trading on Tuesday following news of a $320 million investment by Gilead Sciences, which also led to a revision of their collaboration agreement. This change aims to boost the growth of their joint development programs and includes the appointment of Johanna…
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Wall Street Highlights: eBay Slashes 9% of Workforce, SAP to Reduce 8,000 Positions, and More
In the pre-market on Wednesday, U.S. index futures are showing positive performance, boosted by favorable results presented by Netflix (NASDAQ:NFLX). This optimism also anticipates the financial announcements expected from IBM (NYSE:IBM) and Tesla (NASDAQ:TSLA). At 05:38 AM, the futures of the Dow Jones (DOWI:DJI) rose 49 points, or 0.13%. S&P 500 futures rose 0.41% and…
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Wall Street Highlights: DocuSign Acquisition Battle, Tesla Berlin Production Halt, and More
In the pre-market on Friday, U.S. index futures are showing mixed behavior, reflecting investors’ caution. The focus is on the awaited Producer Price Index (PPI) report, marking the second major inflation report of the week. The anticipation surrounding the start of the fourth-quarter financial results season is also on the radar, as it offers crucial…
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Meta CEO Sells $428 Million in Shares Since November, AMC Hits New Record Low, and More
U.S. index futures are showing a slight uptick in pre-market trading this Thursday, following four consecutive days of decline in the Nasdaq Composite. At 04:02 AM, Dow Jones futures (DOWI:DJI) rose 42 points, or 0.11%. S&P 500 futures rose 0.08%, and Nasdaq-100 futures rose 0.09%. The yield on 10-year Treasury bonds stood at 3.931%. In…
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Apple Stocks Reach Record, Adobe Faces Stock Drops, Berkshire Hathaway Increases Stake in OXY, and More
U.S. index futures are showing an increase in the pre-market on Thursday, following the Dow Jones closing at a historic high the day before due to indications from the Federal Reserve of several rate cuts in 2024. At 05:30 AM, the Dow Jones futures (DOWI:DJI) rose 85 points, or 0.23%. S&P 500 futures were up…
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Pre-Market Surge for Snowflake, Salesforce, Nutanix; ASML’s New CEO; Occidental’s CrownRock Negotiations
U.S. index futures are up in Thursday’s pre-market, reflecting investor expectations regarding the announcement of October’s personal consumption expenditures and the forecasted data for the weekly unemployment insurance claims. As of 6:09 AM, the Dow Jones futures (DOWI:DJI) rose by 168 points, or 0.47%. The S&P 500 futures advanced 0.19%, and the Nasdaq-100 futures increased…
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Monday’s Wall Street Highlights: GM, Microsoft, Citigroup, Amazon, and more
U.S. index futures show remarkable stability in Monday’s pre-market trading, anticipating a shortened week due to the Thanksgiving holiday. This scenario comes after a three-week recovery streak. Investors are closely watching the nuances of the American interest rate curve, eagerly awaiting tomorrow’s release of the minutes from the last Federal Open Market Committee (FOMC) meeting.…