Tag: NYSE:LMT
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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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U.S. Index Futures Rise in Pre-Market, Oil Prices Dip Slightly
U.S. index futures saw a rise in pre-market trading this Tuesday, sustaining the positive momentum observed in the previous session. The S&P 500 broke a six-day losing streak the day before, driven by a significant recovery in the technology sector. At 6:33 AM, Dow Jones futures (DOWI:DJI) rose 69 points, or 0.19%. S&P 500 futures…
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Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News
Live Nation Entertainment (NYSE:LYV) – The U.S. Department of Justice plans to initiate an antitrust lawsuit against Live Nation next month, citing its control over the live event market. Its subsidiary Ticketmaster faced criticism for its management during Taylor Swift’s tour, fueling the investigation. Shares fell 6.8% in Tuesday’s pre-market trading. Ericsson (NASDAQ:ERIC) – Ericsson’s…
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Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News
Paramount Global (NASDAQ:PARA) – Some investors in Paramount Global are concerned about a potential merger with Skydance Media and are calling for a fair approach. Skydance, known for hits such as “Top Gun: Maverick,” is in exclusive talks. Four board members of Paramount Global have announced they will resign amid reports of merger talks with…
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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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Cisco Systems Stock Drops 5% Following Restructuring Plan, Berkshire Trims Apple Stake, and Latest News
Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway reduced its stake in Apple (NASDAQ:AAPL), selling 10 million shares, while holding over 905 million. It also increased its position in Chevron (NYSE:CVX), reduced it in HP (NYSE:HPQ), and Paramount Global (NASDAQ:PARA). The company kept investors guessing on what could be a major new investment by Warren Buffett. Nvidia…
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Santander’s Stock Declines Amid Sanctions Evasion Scandal, Boeing 737 MAX Delivery Challenges, and More
Santander (NYSE:SAN), Lloyds Banking Group (NYSE:LYG) – Shares of Santander and Lloyds plummeted -6.5% and -1.90% in Monday’s pre-market, respectively, following reports that Iran used accounts of these banks to clandestinely transfer money as part of a sanctions evasion scheme. Documents revealed that British shell companies associated with a sanctioned Iranian petrochemical firm utilized these…
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Philips Shares Drop 6% as US Sales Halted Following Agreement on Faulty Sleep Apnea Devices, and latest news
Royal Philips NV (NYSE:PHG) – Royal Philips NV has suspended sales of sleep apnea devices and ventilators in the US after reaching an agreement with the US Food and Drug Administration due to quality issues. Philips has set aside 363 million euros in the fourth quarter to cover the costs of the agreement. The company…
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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…
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Wall Street Highlights: Vroom Shuts Down Online Car Sales, Ericsson Warns of Decline Outside China, and More
In Tuesday’s pre-market, U.S. index futures showed a slight negative trend. This movement follows a historic milestone where the Dow Jones surpassed the 38,000-point barrier for the first time. At 05:09 AM, the Dow Jones futures (DOWI:DJI) fell 29 points, or 0.08%. S&P 500 futures retreated 0.05% and Nasdaq-100 futures fell 0.10%. The yield on…