Tag: NYSE:CPRI
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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…
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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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Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News
Apple (NASDAQ:AAPL) – Apple plans to invest over $250 million to expand its operations in Ang Mo Kio, Singapore, with two buildings acquired in 2022 undergoing a major upgrade. CEO Tim Cook emphasized the importance of connecting with the local community. Oracle (NYSE:ORCL) – Oracle announced on Wednesday an investment of more than $8 billion…
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Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News
Live Nation Entertainment (NYSE:LYV) – The U.S. Department of Justice plans to initiate an antitrust lawsuit against Live Nation next month, citing its control over the live event market. Its subsidiary Ticketmaster faced criticism for its management during Taylor Swift’s tour, fueling the investigation. Shares fell 6.8% in Tuesday’s pre-market trading. Ericsson (NASDAQ:ERIC) – Ericsson’s…
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Friday’s Wall Street Highlights: The Trade Desk, Unity, Groupon, Diageo, Plug Power, and more
In the pre-market on Friday, U.S. index futures show a mixed performance. Investors are carefully assessing the recent tougher statements from Jerome Powell, the Federal Reserve Chairman, along with a thorough analysis of quarterly financial reports from companies. At 5:56 AM, Dow Jones futures (DOWI:DJI) rose by 37 points, or 0.11%. S&P 500 futures fell…
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Tuesday’s Wall Street Highlights: WeWork, UBS, Sanofi, Alteryx, Intel, and more.
U.S. index futures point to a negative opening this Tuesday, signaling a cautious reaction from investors to recent mixed corporate earnings and unfavorable economic indicators coming from Europe. The market also remains in anticipation of insights from Federal Reserve members and the impending release of American trade balance data, elements that may provide additional direction…
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Thursday’s Wall Street Highlights: Capri Holdings, Disney, Sonos, Applovin, Plug Power, and more
US index futures rose in premarket Thursday, a day highly anticipated by global investors due to the release of US inflation data. By 6:43 AM, Dow Jones futures (DOWI:DJI) were up 164 points, or 0.47%. S&P 500 futures were up 0.49% and Nasdaq-100 futures were up 0.58%. The yield on the 10-year Treasury bill was at 4.005%.…
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Tuesday’s Wall Street Highlights: Novo Nordisk, RingCentral, Chegg, UPS, AMC, and more
US Index Futures are down in premarket trading on Tuesday, reflecting data on German inflation, the Chinese trade balance and awaiting corporate earnings. By 07:22 AM, Dow Jones futures (DOWI:DJI) were down 234 points, or 0.66%. S&P 500 futures were down 0.71%, while Nasdaq-100 futures were down 0.77%. The 10-year Treasury yield was at 3.99%. In Germany,…