Tag: NYSE:UBS
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Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is looking to expand its wealth management and attract more investors by introducing the Wealth Plan tool to its 54 million Chase retail clients. This tool has recently seen about 10 million active users. The bank has also named Rita Chan and Alan Ho as the new senior co-heads…
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JPMorgan boosts dividends, Chipotle unveils 50:1 stock split, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan surprised by increasing its dividends by 9.5%, reflecting a record profit and the potential easing of capital rules by regulators. The largest US bank has sent about $60 billion to shareholders over the past three years. Additionally, JPMorgan established a new investment banking team focused on sports, targeting a growing…
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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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Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News
Apple (NASDAQ:AAPL) – Apple is in discussions with Google to integrate Gemini AI into the iPhone. Additionally, it is considering a partnership with Microsoft and OpenAI for generative features. Moreover, Apple is preparing updates for iOS 18 but is seeking a partner to enhance functionalities. An announcement could be made in June during the Worldwide…
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Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News
Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency, the Department of Commerce, to cover the shortfall. This change could impact the total funding Intel expects to receive, generating controversy over the use…
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Tesla Exits Market Top 10, Victoria’s Secret Stock Tumbles 30% on Weak Forecast
Tesla (NASDAQ:TSLA) – Tesla exited the top 10 largest US companies by market cap for the first time in 13 months, surpassed by Visa (NYSE:V). The stock drop reflected concerns about margins and demand. Elsewhere, Tesla announced its departure from Australia’s main automotive lobby, accusing it of misleading consumers about fuel efficiency standards. The company…
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Crypto: SEC Postpones Ether ETF Decision, Hut 8 Leadership Transition, and Latest News
Bitcoin on the brink of a breakout with $535 million at stake Bitcoin (COIN:BTCUSD) shows signs of stabilization in a narrow range, suggesting an imminent breakout. There is notable accumulation at strong support levels, reflecting a robust base for potential upside. However, for a significant uptrend, it is crucial to overcome resistance at $43,800. Analysis…
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Moody’s Downgrades NYCB to Junk Status, Ford Declares Special Dividend, and Other Market Updates
Moody’s (NYSE:MCO), New York Community Bancorp (NYSE:NYCB) – Moody’s downgraded the long-term and some short-term ratings of New York Community Bancorp to junk on Tuesday, with warnings of potential downgrades. The downgrade reflects high governance risks and potential sensitivity to confidence due to significant losses in commercial real estate loans. NYCB shares are down 9.76%…
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Boeing Faces Strike Threat, Palantir Up 18% After Recording its First Profitable Year, and More
Boeing (NYSE:BA) – The FAA announced that 94% of Boeing 737 MAX 9 planes have returned to service after a suspension caused by an air emergency. The inspections included a detailed review, and investigations are ongoing. The FAA is reassessing its oversight of Boeing, considering possible changes in inspection approaches and relations with the manufacturer.…
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Arcus Biosciences Stock Jumps 20% on $320M Gilead Investment, Super Micro Surpasses Forecasts, and More News
Arcus Biosciences (NYSE:RCUS), Gilead Sciences (NASDAQ:GILD) – Arcus Biosciences‘ shares rose 19.5% in pre-market trading on Tuesday following news of a $320 million investment by Gilead Sciences, which also led to a revision of their collaboration agreement. This change aims to boost the growth of their joint development programs and includes the appointment of Johanna…