Tag: NYSE:SONY
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Li Auto Stocks Drop Post Earnings; Calhoun Re-elected to Boeing Board, and More News
Li Auto (NASDAQ:LI) – Li Auto shares fell 4.5% in pre-market trading after reporting first-quarter results. Li Auto’s vehicle revenues of 24.25 billion yuan (US$ 3.4 billion) increased 32% year-over-year but fell short of the expected 26.71 billion yuan. Deliveries of the Chinese automaker’s first pure electric car were below targets, resulting in a net…
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Nike Cuts Jobs at Converse, Ilya Sutskever Departs from OpenAI, WBD Increases Buyback Offer, and More News
Nike (NYSE:NKE) – Converse, a Nike subsidiary, will cut jobs as part of its ongoing $2 billion cost reduction plan. Nike, affected by cautious consumer spending, will reduce product supply and management layers, along with facing job cuts in its operations. OpenAI – Ilya Sutskever, co-founder and chief scientist of OpenAI, is leaving the company…
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Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News
Walmart (NYSE:WMT) – Walmart is reducing corporate jobs and urging remote workers to move to offices, according to the Wall Street Journal. Smaller offices in Dallas, Atlanta, and Toronto are being redirected to hubs like the headquarters in Bentonville or Hoboken. The company allows part-time remote work but prioritizes office presence. Walmart is about to…
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US Futures Remain Steady Amid Wall Street Caution Ahead of April PPI Report
U.S. index futures are almost unchanged in pre-market trading this Tuesday, reflecting Wall Street’s caution ahead of key inflation reports. At 6:37 AM, the Dow Jones (DOWI:DJI) futures rose 4 points, or +0.01%. S&P 500 futures advanced 0.01%, and Nasdaq-100 futures dropped 0.01%. The yield on 10-year Treasury notes was at 4.477%. In the commodities…
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Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News
Novavax (NASDAQ:NVAX), Sanofi (NASDAQ:SNY) – Novavax closed a $1.4 billion deal with Sanofi to commercialize its Covid-19 vaccine and develop a new combined vaccine against coronavirus and influenza, boosting NVAX shares by 56.70% in pre-market. The deal led Novavax to suspend its continuity warning, reversing its previous financial decline. Apple (NASDAQ:AAPL) – Apple plans to…
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Bain Capital in Talks to Acquire PowerSchool; Blackstone Emerges Victorious in Hipgnosis Bidding War, and More News
Bain Capital (NYSE:BCSF), PowerSchool Holdings (NYSE:PWSC) – Bain Capital is in talks to purchase PowerSchool, an educational software provider, in a private deal that could value the company at about $6 billion, including debt. PowerSchool provides cloud-based software for primary education in North America, serving over 50 million students in more than 90 countries. Blackstone…
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U.S. Futures Slightly Dip Amid Corporate Earnings and Quiet Economic Calendar, Oil Prices Fall
U.S. index futures show slightly negative fluctuations on a day with a limited economic agenda, as investors await statements from key Federal Reserve officials. Throughout the day, figures such as Vice Chairman Philip Jefferson, Boston Fed President Susan Collins, and Fed Director Lisa Cook are expected to share their perspectives, potentially influencing market expectations. At…
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Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News
Perficient (NASDAQ:PRFT) – After an acquisition agreement with EQT, a Swedish private equity firm, Perficient saw its shares soar 52.9% in pre-market trading to $73.55. EQT offered $76 per share, representing a 58% premium over Perficient’s closing price on Friday of $48.11. Luminar Technologies (NASDAQ:LAZR) – Luminar Technologies faces staff cuts, reducing 20% of its…
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Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News
Philips (NYSE:PHG) – Philips’ stock soared 47.1% in pre-market trading after announcing a $1.1 billion deal to resolve U.S. claims related to a respiratory device recall. Analysts consider the settlement far below expectations, eliminating uncertainties that impacted the market value. Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) – Tesla has overcome regulatory hurdles in China to launch its…
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Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More
Paramount Global (NASDAQ:PARA), Sony (NYSE:SONY), Apollo Global Management (NYSE:APO) – Sony Pictures Entertainment and Apollo Global Management are in discussions for a joint bid for Paramount Global, aiming to take the company private. The bid would include cash for all outstanding shares. Sony would operate the studio, while Apollo would take control of the CBS…