Tag: NYSE:CMG
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Anglo American Rejects BHP Group’s Offer, Toyota Invests $1.4 Billion in Indiana, and More News
BHP Group (NYSE:BHP) – Anglo American has rejected BHP’s acquisition proposal of $38.88 billion, stating it significantly undervalues the company and its future prospects. The offer of £25.08 per share represented a 31% premium, but Anglo considered it opportunistic. BHP may need to increase its offer by May 22 for a successful deal. Toyota Motor…
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Southwest Shares Tumble 9.6% Post $231 Million 1Q Loss, AstraZeneca Surges on 19% Annual Increase, and More on Earnings
Southwest Airlines (NYSE:LUV) – Southwest Airlines’ shares fell 9.6% in pre-market trading after reporting a larger first-quarter loss compared to the previous year and warned of potential delays from Boeing impacting its growth until 2025. The company plans to increase capacity by 4%, below the planned 6%, and expects a decline in revenue for the…
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U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading
U.S. index futures are showing mixed results in pre-market trading this Wednesday, as investors assess the latest financial results released. As of 6:31 AM, Dow Jones Industrial Average futures (DOWI:DJI) fell 8 points, or 0.02%. S&P 500 futures advanced 0.14%, and Nasdaq-100 futures gained 0.56%. The 10-year U.S. Treasury yield stood at 4.638%. In the…
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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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JPMorgan boosts dividends, Chipotle unveils 50:1 stock split, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan surprised by increasing its dividends by 9.5%, reflecting a record profit and the potential easing of capital rules by regulators. The largest US bank has sent about $60 billion to shareholders over the past three years. Additionally, JPMorgan established a new investment banking team focused on sports, targeting a growing…
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Arm Achieves Record Revenue, PayPal Shares Plummet by More Than 9%, and Latest Updates
Apple (NASDAQ:AAPL) – According to The Information, Apple is working on prototypes for at least two foldable iPhone models that fold horizontally, resembling a clamshell. These foldable devices are in the early stages of development and are not expected for mass production until 2024 or 2025. Apple has recently contacted at least one manufacturer in…
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Moody’s Downgrades NYCB to Junk Status, Ford Declares Special Dividend, and Other Market Updates
Moody’s (NYSE:MCO), New York Community Bancorp (NYSE:NYCB) – Moody’s downgraded the long-term and some short-term ratings of New York Community Bancorp to junk on Tuesday, with warnings of potential downgrades. The downgrade reflects high governance risks and potential sensitivity to confidence due to significant losses in commercial real estate loans. NYCB shares are down 9.76%…
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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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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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Friday’s Wall Street Highlights: Enphase Energy, GM, Intel, Sanofi, Masimo, and more
US index futures are up on Friday, with Wall Street looking for a rebound after recent declines. Investors are keeping an eye on quarterly results from major oil companies such as Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). In addition, Amazon (NASDAQ:AMZN) and Intel (NASDAQ:INTC) boosted technology stocks with their strong results. At 06:49 AM, Dow…