Tag: NYSE:FSR
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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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Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News
Coca-Cola (NYSE:KO) – Coca-Cola has signed a new five-year contract, worth US$1.1 billion, with Microsoft (NASDAQ:MSFT), utilizing its cloud computing and artificial intelligence services, including Azure OpenAI. The agreement aims to enhance Coca-Cola’s productivity with tools like Microsoft’s Copilot. Apple (NASDAQ:AAPL) – Apple announced an event on May 7, with no details revealed, but rumors…
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Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News
Exxon Mobil (NYSE:XOM) – Exxon Mobil predicted a drop in first-quarter operating results due to lower oil and gas prices and significant losses on fuel derivatives. After two years of strong profitability, the quarter registered an operating profit of about $6.65 billion. Twilio (NYSE:TWLO) – Twilio, a leader in cloud communications, proposes to shorten the…
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Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is looking to expand its wealth management and attract more investors by introducing the Wealth Plan tool to its 54 million Chase retail clients. This tool has recently seen about 10 million active users. The bank has also named Rita Chan and Alan Ho as the new senior co-heads…
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Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News
Super Micro Computer (NASDAQ:SMCI) – An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated Overweight, JPMorgan analyst Samik Chatterjee justifies the “premium valuation” due to the rapid growth of the artificial intelligence server market. SMCI shares are up…
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Unilever Initiates Ice Cream Division Spin-Off and Announces Job Cuts; Berkshire Ramps Up Share Buyback Efforts, and More
Unilever (NYSE:UL) – Unilever announced on Tuesday the spin-off of its ice cream unit, including Magnum and Ben & Jerry’s, into an independent business, accompanied by a cost-cutting program that would cut 7,500 jobs. The initial action resulted in a 3.2% increase in shares in pre-market trading. Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway has stepped…
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Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News
Adobe (NASDAQ:ADBE) – Adobe‘s shares fell approximately 11.65% in pre-market trading following a robust first fiscal report. Adobe reported an adjusted earnings per share of $4.48 on revenue of $5.18 billion, compared to LSEG consensus estimates of earnings of $4.38 per share and revenue of $5.14 billion. Net income was $620 million. Adobe projected earnings…
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Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative
Fisker (NYSE:FSR) – Shares of the electric vehicle startup fell 39.71% in pre-market trading, following a Wall Street Journal report that Fisker hired restructuring consultants as part of preparations for a possible bankruptcy filing. At the end of February, Fisker admitted to having doubts about its ability to continue operating, as it faced difficulties in…
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U.S. Futures Dip as PCE Data Looms; Modest Gains for WTI and Brent Crude in April Contracts
U.S. index futures are down in pre-market trading as investors await the release of January’s Personal Consumption Expenditures (PCE) deflator, a key indicator for the Federal Reserve (Fed). Anxiety mounts following surprises in CPI and PPI indices, while the Fed maintains a cautious stance on interest rate cuts. At 05:40, Dow Jones futures (DOWI:DJI) fell…
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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…