Tag: NYSE:GS
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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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Crypto: Paradigm Seeks Investment for New Web3 Fund, KBW Initiates Cautious Coverage on Robinhood, and Other Updates
Paradigm seeks record funding for new Web3 fund Paradigm, a leading venture capital firm focused on Web3, is advancing to raise a new investment fund, targeting between $750 million and $850 million. This move could mark the largest fund since the crypto market turmoil in May 2022, according to Bloomberg. Paradigm’s step is seen as…
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Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC evacuated some factories and suspended operations after a 7.4 magnitude earthquake hit Taiwan, raising concerns about the global technology supply chain. Companies like Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) are affected. Taiwan is crucial for chips but vulnerable to natural disasters and geopolitical tensions. TSMC shares are down 0.9%…
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FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News
FedEx (NYSE:FDX) – FedEx exceeded profit forecasts for the quarter, posting an adjusted profit of $3.86 per share, higher than the $3.45 per share expected by analysts consulted by LSEG. However, the company’s revenue did not meet estimates. FedEx also announced a $5 billion share buyback program. FedEx shares rose 12.6% in pre-market trading. Nike…
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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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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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Crypto: Toncoin Surges Following Telegram’s IPO Plans, Coinbase Secures $1 Billion via Convertible Bonds, and More News
Toncoin soars after Telegram’s IPO announcement Toncoin (COIN:TONCOINUSD), the cryptocurrency of the TON Network, saw its price surge over 70% in just two days following an announcement by Pavel Durov, founder of Telegram, about plans for an Initial Public Offering (IPO) for the app. Despite the separation of the entities in 2020 due to legal…
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Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News
Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency, the Department of Commerce, to cover the shortfall. This change could impact the total funding Intel expects to receive, generating controversy over the use…
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Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone
OpenAI – Sam Altman, CEO of OpenAI, returns to the board along with three new directors, following a WilmerHale investigation into his dismissal last November. The company has strengthened its governance rules and conflict of interest policy, with unanimous board support. Coinbase (NASDAQ:COIN), MicroStrategy (NASDAQ:MSTR), Marathon Digital (NASDAQ:MARA) – In pre-market trading, Coinbase registers a…
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Crypto: Ether Approaches $4,000, PEPE Surges 24%, Aevo Unveils Innovative Pre-Market Token Launch, and More
Ether approaches $4,000 driven by market rally and Ethereum’s post-Merge deflationary impact With a 63% surge in 30 days, Ether (COIN:ETHUSD) stands out in the crypto market, outpacing Bitcoin’s (COIN:BTCUSD) performance and nearing the $4,000 mark at the time of writing, a milestone not seen since December 2021. Since Ethereum’s transition to the Proof of…