Tag: USOTC:FXCOF
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CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News
Exxon Mobil (NYSE:XOM) – The California Public Employees’ Retirement System (CalPERS) announced it will vote against Exxon’s 12 board nominees, citing the company’s legal action against activist investors. CalPERS warned in a letter that such legal action could diminish investors’ roles and rights in influencing the company’s financial outcomes. The vote will take place at…
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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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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,…
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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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Cal-Maine Avian Flu Outbreak Impact, Amgen Hikes Dividend For Twelfth Year, and Latest Updates
In the pre-market on Wednesday, U.S. index futures showed a slight increase, with investors awaiting the latest monetary policy decision from the Federal Reserve. At 05:30 AM, the Dow Jones (DOWI:DJI) futures rose 42 points, or 0.11%. S&P 500 futures rose 0.11% and Nasdaq-100 futures rose 0.14%. The 10-year Treasury yield was at 4.191%. In…
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Friday’s Wall Street Highlights: Barclays, Macy’s, Alibaba, Novo Nordisk, and more
In Friday’s pre-market, U.S. index futures are seeing a slight increase, marked by a shorter than usual trading session. Investors are paying special attention to economic activity indicators set to be announced late in the morning. U.S. market operations will conclude earlier, at 1:00 PM. As of 5:25 AM (Brasília time), the yield on 10-year…
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Wednesday’s Wall Street Highlights: Nvidia, Broadcom, Berkshire Hathaway, Guess, Virgin Galactic, and more
In the pre-market on Wednesday, U.S. index futures show a positive trend. Investors are anticipating the quarterly earnings of Deere & Co (NYSE:DE), while analyzing the recent results of Nvidia (NASDAQ:NVDA) and the minutes from the last FOMC meeting, released the day before. At 06:04 AM, Dow Jones futures (DOWI:DJI) rose 49 points, or 0.14%.…
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Tuesday’s Wall Street Highlights: Teck Resources, Starbucks, Nvidia, Fisker, Home Depot, and more
In Tuesday’s pre-market trading, U.S. index futures are showing positive performance. Investors worldwide are carefully analyzing quarterly earnings reports, as well as significant economic indicators from Europe. Concurrently, there is growing anticipation for the release of U.S. inflation data for October. It is estimated that these figures will indicate a slowing trend in inflation compared…
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Wednesday’s Wall Street Highlights: Qualcomm, Alphabet, Microsoft, GM, SunPower, and More
US index futures are mixed in Wednesday’s pre-market, influenced by the quarterly results of Microsoft and Alphabet, which set the stage for other major technology companies yet to report their results this week. At 06:51 AM, Dow Jones futures (DOWI:DJI) rose by 39 points, or 0.12%. S&P 500 futures fell by 0.35%, and Nasdaq-100 futures…
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Tuesday’s Wall Street Highlights: Coinbase, Intel, Redfin, Barclays, General Dynamics, GE, and more
US index futures are rising in pre-market trading this Tuesday, reflecting the relief in US interest rates that occurred yesterday, as well as economic activity data in the Eurozone and Japan. Investors are eager for information on corporate results and developments in the Israel-Hamas conflict. At 06:56 AM, Dow Jones futures (DOWI: DJI) rose by…