Tag: NYSE:HES
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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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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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CNOOC Oil Field Discovery in South China Sea, Grifols Surges 18% After KPMG Approval, and Latest News
CNOOC (NYSE:CEO) – The Chinese state-owned oil company CNOOC discovered a new reserve in the South China Sea, with over 100 million tons of oil equivalent, located in the Kaiping South field, Pearl River Delta. Substantial investment in offshore exploration catalyzes the increased production target for 2024, reflecting CNOOC’s commitment to expanding operations and securing…
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Expedia Announces 1,500 Job Cuts; Hims & Hers Surges 19.8% Post Financial Results, and More News
Expedia (NASDAQ:EXPE) – Expedia revealed plans on Monday to cut approximately 1,500 jobs globally, about 9% of its workforce, as part of an “organizational and technological transformation.” The decision follows a moderate revenue forecast for 2024, with declining airfare prices. Expedia’s restructuring will incur pre-tax charges and cash expenses between $80 million and $100 million.…
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Wall Street Highlights: Apple Appeals Watch Ban, Tesla to Launch Updated Model Y, and More
U.S. index futures remained firm and stable in the pre-market on Wednesday, as investors closely watched the progress of the S&P 500 index, which is moving towards hitting record milestones. At 05:49 AM, the Dow Jones futures (DOWI:DJI) fell 2 points, or 0.01%. The S&P 500 futures fell 0.03% and the Nasdaq-100 futures retreated 0.01%.…
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$5.8 Billion Offer for Macy’s, Cigna Ends Acquisition Negotiations, and More
U.S. index futures were slightly down in pre-market trading this Monday, in a week marked by monetary policy decisions, the last meeting of the Federal Reserve of 2023. The yield on 10-year Treasury bonds was at 4.254%. In the commodities market, West Texas Intermediate crude oil for January fell 0.67% to $70.75 per barrel. Brent…
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Alphabet Unveils Advanced AI Model, AMD Expects $45 Billion AI Market, Chevron’s $19.5B Investment Plans, BMY Increases Dividend, and More
U.S. index futures are mixed in Thursday’s pre-market trading, following a three-day losing streak for the S&P 500 and the Dow Jones. At 05:17 AM, Dow Jones futures (DOWI:DJI) fell 80 points, or 0.22%. S&P 500 futures dropped 0.04%, while Nasdaq-100 futures rose 0.18%. The yield on 10-year Treasury bonds was at 4.146%. In the…