Tag: NYSE:GM
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Goldman Sachs Reconsiders Fed Cuts, LUNR Surges Over 40% in Pre-Market, and More
Intuitive Machines (NASDAQ:LUNR) – Intuitive Machines made history on Thursday when its Odysseus spacecraft became the first commercial probe to successfully land on the moon. The mission, carrying NASA instruments, landed at the lunar south pole, marking a significant milestone in commercial space exploration and collaboration with the US space agency. Shares are up 47.58%…
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Nvidia’s Earnings Skyrocket by 769%, BuzzFeed’s Pre-Market Shares Surge by 85%, and Other Highlights
BuzzFeed (NASDAQ:BZFD) – BuzzFeed shares surged over 80% in Thursday’s pre-market after announcing the sale of Complex and planning staff cuts. Complex was sold for $108.6 million to NTWRK, while BuzzFeed will lay off 16% of its staff to save costs. New details will be shared on February 28th. Amazon (NASDAQ:AMZN), Walgreens (NASDAQ:WBA) – Amazon…
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Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News
Nike (NYSE:NKE) – Nike will cut over 1,600 jobs, about 2% of its workforce, to reduce costs after forecasting lower profits. Nike outlined a $2 billion cost-saving plan over the next three years, including measures such as supply optimization, supply chain improvement, and automation, with layoff costs estimated between $400 million and $450 million in…
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Cloudflare Skyrockets 26% Pre-Market; Expedia Plunges 14% After CEO Resignation, and More
Alphabet (NASDAQ:GOOGL) – Google has renamed its chatbot Bard to Gemini, powered by a new artificial intelligence. Consumers can pay $19.99/month for Gemini Advanced, which includes a more powerful AI model and two terabytes of cloud storage, competing with Microsoft (NASDAQ:MSFT). Amazon (NASDAQ:AMZN) – Amazon and BMW triumphed in an action against sellers of counterfeit…
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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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Walmart’s Stock Split, Elon Musk’s Billion-Dollar Package Revoked, and More
Walmart (NYSE:WMT) – Walmart announced a 3-for-1 stock split as part of its review of trading levels and spread. This will increase the shares in circulation to approximately 8.1 billion, with distribution after the close on February 23. Tesla (NASDAQ:TSLA) – Elon Musk’s $55 billion compensation package at Tesla Inc. was voided by a Delaware…
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General Motors Records Annual Profit Growth And Is Optimistic For The Financial Future; Stocks Soar
General Motors (NYSE:GM) announced a 5.2% increase in its fourth-quarter net income, reaching $2.1 billion compared to the previous year. During the period from October to December, the North American car manufacturer recorded revenues of US$42.9 billion, a slight reduction of 0.3% compared to the same quarter in 2022. Mary Barra, CEO of GM, expressed…
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U.S. Futures Dip Ahead of Housing, Employment Data, Oil Prices Slightly Up
U.S. index futures are down in Tuesday’s pre-market as investors await today’s data on housing, employment, and consumer confidence, anticipating tomorrow’s monetary policy announcement. At 6:03 AM, Dow Jones futures (DOWI:DJI) dropped 56 points, or 0.15%. S&P 500 futures fell 0.12%, and Nasdaq-100 futures declined by 0.07%. The yield on 10-year Treasury notes was at…
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Wall Street Highlights: Intel’s Disappointing Quarterly Forecast, PayPal’s New AI Solutions for Merchants, and More
In the pre-market on Friday, U.S. index futures experienced declines, reflecting investors’ reactions to lower-than-expected sales forecasts by giants such as Intel (NASDAQ:INTC) and Tesla (NASDAQ:TSLA), announced on Thursday. The market is also anticipating the release of the Personal Consumption Expenditures price index deflator, which is the inflation indicator most closely monitored by the Federal…
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Wall Street Highlights: Nokia’s Margins Surprise, FAA Halts Boeing Production Expansion, and More
In the pre-market on Thursday, U.S. index futures are showing positive performance, with investors keeping an eye on the fourth-quarter GDP. At 05:45 AM, Dow Jones futures (DOWI:DJI) rose by 102 points, or 0.27%. S&P 500 futures increased by 0.07%, and Nasdaq-100 futures remained stable. The yield on 10-year Treasury bonds stood at 4.157%. In…