Tag: NYSE:BX
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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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OpenAI’s Reddit Partnership Boosts Shares by 14%, Microsoft Embraces AMD Chips for AI, and More News
Reddit (NYSE:RDDT) – Reddit has partnered with OpenAI to integrate its content with ChatGPT, boosting the platform’s shares. This initiative aims to diversify beyond advertising, following a similar collaboration with Alphabet to train AI models. Investors see significant revenue potential in data for AI. Reddit’s shares rose 13.7% in pre-market trading. Microsoft (NASDAQ:MSFT), Advanced Micro…
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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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Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News
Novavax (NASDAQ:NVAX), Sanofi (NASDAQ:SNY) – Novavax closed a $1.4 billion deal with Sanofi to commercialize its Covid-19 vaccine and develop a new combined vaccine against coronavirus and influenza, boosting NVAX shares by 56.70% in pre-market. The deal led Novavax to suspend its continuity warning, reversing its previous financial decline. Apple (NASDAQ:AAPL) – Apple plans to…
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Bain Capital in Talks to Acquire PowerSchool; Blackstone Emerges Victorious in Hipgnosis Bidding War, and More News
Bain Capital (NYSE:BCSF), PowerSchool Holdings (NYSE:PWSC) – Bain Capital is in talks to purchase PowerSchool, an educational software provider, in a private deal that could value the company at about $6 billion, including debt. PowerSchool provides cloud-based software for primary education in North America, serving over 50 million students in more than 90 countries. Blackstone…
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Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News
Philips (NYSE:PHG) – Philips’ stock soared 47.1% in pre-market trading after announcing a $1.1 billion deal to resolve U.S. claims related to a respiratory device recall. Analysts consider the settlement far below expectations, eliminating uncertainties that impacted the market value. Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) – Tesla has overcome regulatory hurdles in China to launch its…
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BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News
BHP (NYSE:BHP), Anglo American (LSE:AAL) – BHP announced a $38.8 billion bid for Anglo American, boosting the latter’s shares by 12.4%. The proposal, aiming to create the world’s largest copper miner, offers a 31% premium to Anglo’s shareholders, who are reviewing the offer. The deal could trigger a wave of consolidation in the industry, with…
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Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News
Apple (NASDAQ:AAPL) – Smartphone shipments from Apple in China fell 19% in the first quarter due to competition from Huawei. Its market share decreased to 15.7%, nearly matching that of Huawei, which saw a 70% increase in sales. Apple now ranks third, behind Vivo and Honor. Additionally, FIFA is close to a deal with Apple…
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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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Blackstone Reports Stellar First Quarter Earnings for Fiscal Year 2024
In an impressive display of financial performance, Blackstone Inc. (NYSE:BX) announced on Thursday that its revenue for the first quarter of fiscal year 2024 saw a significant annual increase of 166%, reaching $3.69 billion. The investment giant’s net income also witnessed a staggering rise, soaring approximately 653% compared to the same period in 2023, and…