Tag: NYSE:CVX
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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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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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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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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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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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Arm Sets 2025 Target for AI Chip Development, Amazon and Microsoft Commit Billions to French Investments, and More
Arm Holdings (NASDAQ:ARM) – SoftBank is collaborating with Arm to develop AI chips, aiming to start mass production in 2025. SoftBank is financially contributing, negotiating with manufacturers like TSMC (NYSE:TSM). Amazon (NASDAQ:AMZN) – France secured new jobs and investments on Sunday before hosting a foreign investment summit. Macron led the ‘Choose France’ event, aiming 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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Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings
Exxon Mobil (NYSE:XOM) – Shares of Exxon Mobil are down 1.7% in pre-market trading after reporting first-quarter earnings below forecasts, affected by pressure on refining margins and falling natural gas prices. Earnings per share were $2.06, versus the expected $2.20. Revenue exceeded expectations, totaling $83.08 billion compared to the forecast of $78.35 billion. Net profit…
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U.S. Futures Climb in Pre-Market Trading Amid Tech Gains and Upcoming Inflation Data
U.S. futures indicate a rise in pre-market trading this Friday, pointing to a recovery following significant declines on Thursday. This advance is partly due to impressive results from technology companies Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), and comes in anticipation of new inflation data to be released. At 06:37 AM, the Dow Jones Industrial Average futures…
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Futures Pointing To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to higher open on Tuesday, with stocks likely to extend the rebound seen in the previous session. Traders may continue to look to pick up stocks at relatively reduced levels amid a positive reaction to some of the latest corporate earnings news. Shares of General Motors (NYSE:GM)…