Tag: USOTC:EADSY
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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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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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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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Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative
Fisker (NYSE:FSR) – Shares of the electric vehicle startup fell 39.71% in pre-market trading, following a Wall Street Journal report that Fisker hired restructuring consultants as part of preparations for a possible bankruptcy filing. At the end of February, Fisker admitted to having doubts about its ability to continue operating, as it faced difficulties in…
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AMD Hits Regulatory Roadblock, GitLab’s Stock Tumbles on Disappointing Earnings, and Latest News
GitLab (NASDAQ:GTLB) – GitLab shares fell 23% in Tuesday’s pre-market after releasing quarterly results. The net loss in the fourth quarter was $37.6 million, or 23 cents per share, with adjusted earnings of 15 cents per share. Revenue increased to $163.8 million. The adjusted earnings projections for the full year were below analysts’ expectations. Advanced…
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Nvidia’s Earnings Skyrocket by 769%, BuzzFeed’s Pre-Market Shares Surge by 85%, and Other Highlights
BuzzFeed (NASDAQ:BZFD) – BuzzFeed shares surged over 80% in Thursday’s pre-market after announcing the sale of Complex and planning staff cuts. Complex was sold for $108.6 million to NTWRK, while BuzzFeed will lay off 16% of its staff to save costs. New details will be shared on February 28th. Amazon (NASDAQ:AMZN), Walgreens (NASDAQ:WBA) – Amazon…
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Monday’s Wall Street Highlights: Exxon Mobil, Bristol-Myers, Disney, Lockheed Martin, and more
US index futures are declining on Monday morning due to an unprecedented Hamas attack on Israel, raising global concerns. The value of oil increased, intensifying instability in markets already vulnerable due to inflation and high interest rates. At 7:06 am, Dow Jones futures (DOWI:DJI) fell 165 points, or 0.49%. S&P 500 futures were down 0.60% and Nasdaq-100…
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Wednesday’s Wall Street Highlights: Apple, Intel, Cal-Maine, A10 Networks, and more
US index futures are slightly down in Wednesday’s pre-market, following a challenging session that pushed the Dow Jones into negative territory for the year 2023. Signs of stabilization emerge as Treasury yields firm up, and the dollar, after climbing to a 10-month peak against the G10 currencies, stabilizes. At 06:42 AM, Dow Jones futures (DOWI:DJI)…
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Friday’s Wall Street Highlights: Apple, Goldman Sachs, Morgan Stanley, DocuSign, and more
US index futures are lower in premarket trading on Friday reflecting a heightened risk aversion scenario. By 6:50 AM, Dow Jones futures (DOWI:DJI) were down 45 points, or 0.13%. S&P 500 futures were down 0.14% and Nasdaq-100 futures were down 0.16%. The 10-year Treasury yield was at 4.246%. In the economic agenda for Friday, investors await, at…