Tag: NYSE:UBER
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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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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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Chubb Stock Soars 9% with Berkshire Acquisition, AST SpaceMobile jumps 37% on AT&T deal, and More News
Berkshire Hathaway (NYSE:BRK.A), Chubb (NYSE:CB) – Chubb’s stock increased by approximately 9.3% after Berkshire Hathaway disclosed its acquisition of nearly 26 million shares of the property and casualty insurer, representing a $6.7 billion investment. As a result, Chubb became Berkshire’s ninth-largest holding by the end of March, as recorded in a new regulatory document. Netflix…
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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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Choppy Trading Likely To Persist On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to extend the lackluster performance seen over the two previous sessions. The futures had been pointing to a modestly lower open but regained ground following the release of a report from the Labor Department showing a much…
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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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Meta Platforms Expands AI Ads, Apple Boosts iPhone Shipments, and More Highlights
Meta Platforms (NASDAQ:META) – Meta announced the expansion of its AI-generated ad products, enabling the automatic creation of image variations and text overlay. The tool, currently in testing, aims to simplify campaign creation but faces concerns about third-party use of intellectual property. Apple (NASDAQ:AAPL) – Chinese shipments of iPhones increased by 12% in March, following…
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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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Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News
Meta Platforms (NASDAQ:META) – Meta Platforms disclosed details on Wednesday about its upcoming generation of internal AI accelerator chip, named Artemis, aiming to lessen its dependence on Nvidia’s AI chips and energy costs. The MTIA chip delivers thrice the performance of its preceding generation. Furthermore, Instagram intends to trial features to blur messages containing nudity,…