Nvidia and the Magnificent 7
Nvidia's exceptional earnings marked the conclusion of another notable reporting season for the "Magnificent 7" tech stocks, highlighting their significant influence over this year's remarkable&n...
Logistics Disruption
The landscape of air cargo logistics is shifting as United Parcel Service (UPS) steps into the role of primary air cargo provider for the United States Postal Service (USPS), marking the end of a longstanding partnership between...
Spotify Reverb
After a hiatus of over two years, Neil Young is making a notable return to Spotify, marking a significant shift in his stance on streaming platforms. His decision, however, is not with...
Inside the Billionaire Exodus
As the market scales dizzying heights, a wave of high-profile figures is seizing the opportunity to offload hefty chunks of their company shares. From tech titans to financial moguls, the sell-off frenzy is hitting head...
UPS Plunges
United Parcel Service (UPS) recently announced a substantial workforce reduction in response to declining package volumes worldwide. CEO Carol Tomé highlighted this move during an earnings call, aiming to tackle financial challeng...
Unleashing AI Potential
In a strategic move reflecting the AI computing trend, SoftBank's Arm is gearing up for a substantial US initial public offering (IPO).
Leading financial institutions, including Barclays, Goldman Sac...
Major Stock Moves
Witness Monday's rising stock futures following the S&P 500's impressive month of gains. Stay tuned as Wall Street focuses on earnings from tech giants Apple and Amazon.com, along with the highly anticipated monthly U.S. jobs r...
Oracle's Cloud Revenue Soars by 45% But Fails to Meet Expectations - Shares Drop in Extended Trading
Oracle report and shares
Oracle Corp. has reported its fiscal third-quarter revenue, which increased by 18% to $12.4 billion, a figure that is just shy of analysts' average estimate of $12.41 billion.
The company's cloud revenue segment, which it h...
DELL staffing
Dell, one of the world's largest computer makers, has announced planned layoffs of 6,650 people due to a slump in demand for personal computers. It was announced by Bloomberg on Monday.
According to its data, the company's staff will ...
Staffing at major tech companies
Amazon, Meta, Alphabet and Microsoft will collectively spend more than $10bn due to massive layoffs and other austerity measures. The Financial Times reported this on Friday, citing earnings reports.
It said the com...
The best January since 2001
At the end of January the Nasdaq Composite stock index, consisting of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001.
Analysts consider several...
Tesla shares
Downside investors have made $15bn since the start of the year on Tesla's plunge, according to MarketWatch.
New research shows that downside sellers have made $15 billion this year by betting that Tesla stock will fall as about $800 bi...
Company stocks on Monday
The US stock market rose steadily on Monday. Thus, the Dow Jones Industrial Average was up 414.01 points (1.33%) at 31496.57 points by 2:55 p.m. East Time on Monday.
The Standard and Poor's 500 rose 36.70 points (0.98%) to ...
Insider about the new iPad
Apple is developing an unusual accessory for its iPad tablets that will be unveiled "as early as 2023". This is reported by a well-known insider and Bloomberg correspondent.
According to the correspondent, Apple is consid...
After Friday trading
The US stock market ended Friday's trading with decline amid negative dynamics from consumer services, telecommunications and technology sectors.
On the New York Stock Exchange the Dow Jones&n...
A deal between the companies
US corporation Amazon has closed a deal to acquire film company Metro-Goldwyn-Mayer for $8.5 billion. This was reported by Bloomberg on Thursday.
According to it, the merger became possible after the EU antitrust regula...
Stock market on Tuesday
Key indices on the New York Stock Exchange fell by 0.3-0.4 percent at the beginning of Tuesday's trading session amid the situation around Ukraine.
According to data posted on the trading site's website, the Dow Jones Indust...
Retailer's report
Walmart (WMT) shares on Thursday posted their biggest daily gain since 1 September 2020.
Shares in the company, well behind market growth in 2021 but showing a smaller decline since the start of 2022, jumped 4% on Thursday&nb...
Audioboom shares
Shares in British podcast platform Audioboom are up more than 20 percent, reaching their highest since listing in December 2005, Bloomberg reported.
Audioboom Group shares on the London Stock Exchange on Monday ...
US stock indices on Tuesday
The S&P 500 and Nasdaq Composite oscillated between losses and gains, while the Dow Jones Industrial Average jumped, led by Amgen, after the biotech giant announced a $6 billion share buyback.
In news of the shakeout...
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