Tag: NYSE:MS
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Dow Looks To Snap Six-Day Losing Streak As UnitedHealth Surges
The major U.S. index futures are currently pointing to higher open on Tuesday, with stocks likely to regain ground after moving sharply lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street, as traders pick up stocks at relatively reduced levels following the steep drops seen over the past…
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U.S. Index Futures Signal Mixed Trading, Oil Prices Dip
U.S. index futures are mixed in pre-market trading this Tuesday, with the Dow Jones aiming to break a six-day losing streak. At 6:26 AM, the Dow Jones futures (DOWI:DJI) were up 65 points, or 0.17%. The S&P 500 futures fell -0.26%, and the Nasdaq-100 futures lost -0.39%. The 10-year Treasury yield was at 4.649%. In…
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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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Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More
Tesla (NASDAQ:TSLA) – Tesla settled a lawsuit regarding a fatal Autopilot accident before the high-profile trial. The company faces legal and reputational challenges amidst promoting autonomous driving technology. Despite Elon Musk’s optimism, critics question the feasibility of self-driving cars. In other news, Tesla founder Martin Eberhard expressed regret over the cancellation of plans for a…
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Crypto: Morgan Stanley and UBS Compete for Leadership in Bitcoin ETFs, Risks in Ethena’s USDe Strategy, and More
Concerns and defenses around Ethena’s Bitcoin strategy for USDe Just seven weeks after its launch, Ethena’s USDe, known as the “internet bond” and “synthetic dollar,” surpassed a market capitalization of $2 billion, becoming the fifth largest stablecoin. Now occupying 1.25% of the total $160 billion stablecoin market, USDe stands out for not directly relying on…
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Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates
Apple (NASDAQ:AAPL) – Apple is laying off 614 employees in Silicon Valley after ending its secret autonomous electric vehicle project. These are the first significant job cuts since the beginning of the pandemic, mainly impacting satellite offices in Santa Clara, California. Moreover, Hon Hai, known as Foxconn (USOTC:FXCOF), saw an 11.8% increase in sales in…
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GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News
GameStop (NYSE:GME) – GameStop reported $1.79 billion in revenue for the fourth quarter, which is less than the $2.23 billion earned in the same quarter of the previous year. However, the company announced an adjusted earnings per share of 22 cents, compared to the previous year’s 16 cents per share. Shares of the video game…
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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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Airship AI skyrockets with DOJ contract; Carrier Global sells Fire Industrial division for $1.43 billion, and Latest News
Airship AI Holdings (NASDAQ:AISP) – While the tech sector fell on Tuesday’s trading session, shares of Airship AI stood out, soaring 200% after securing a contract with the U.S. Department of Justice. Based in Redmond, Washington, the company uses AI to assist clients in law enforcement and defense. President Paul Allen stated that the company…
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Crypto: Meme Coins Dominate Crypto Market, Bitcoin Surpasses $67K, and Latest News
Rise of Bitcoin and impact on the crypto market On Monday, Bitcoin (COIN:BTCUSD) approached its record value, with an increase of almost 6,8%, reaching $ 67.479. Ether (COIN:ETHUSD) also saw a modest increase of 1.6% to $3,581. After a weekend pause, both cryptocurrencies resumed their upward momentum, driven by the introduction of new bitcoin ETFs…