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Apple Soars After IPhone, China Sales Drop Less Than Feared; Unveils Record-Breaking $110 Billion Buyback
Article By:
Tyler Durden
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Thursday, May 2, 2024 8:30 PM EDT
AAPL shares soared as much as 7.9% in extended trading Thursday before easing back a bit. Apple had been down 10% to $173.03 this year through the close and is now still down modestly for the year.
Market Fluctuates Amid Fed Decision And Mixed Corporate Earnings And Economic Signals
Article By:
The Private Banker
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Thursday, May 2, 2024 6:30 AM EDT
The U.S. stock markets exhibited mixed responses on Wednesday as investors navigated through a complex landscape of disappointing corporate earnings and a slew of economic data.
Tesla Is Scaling Back Superchargers, Rescinding Offers, Firing More Workers
Article By:
Mish Shedlock
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Wednesday, May 1, 2024 8:30 PM EDT
Musk prepares for growth by firing 10 percent of the staff, halting construction of gigafactories, laying off the entire supercharger team, scaling back, supercharger deployment, and even rescinding offers to interns.
In this article: TSLA
Starbucks On Brink Of Worst Crash Since Dot Com After "Stunning" Earnings Miss
Article By:
Tyler Durden
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Wednesday, May 1, 2024 5:02 PM EDT
Starbucks shares plummeted by 16% during the early cash session, approaching the -16.2% level last seen during the Covid crash.
In this article: SBUX
Feds Scrutinizing Block's Square And Cash App, Eyeing If Transactions Funded Terror And Skirted Sanctions
Article By:
Tyler Durden
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Wednesday, May 1, 2024 1:01 PM EDT
Federal prosecutors are investigating compliance issues at Block, the fintech firm co-founded by Jack Dorsey, according to a new report from NBC, citing "two people with direct knowledge".
CVS Shares Dump On Earnings Miss, Outlook Slashed On Rising Medical Costs
Article By:
Tyler Durden
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Wednesday, May 1, 2024 11:18 AM EDT
CVS shares plunged after first-quarter revenue and adjusted earnings missed Wall Street's average expectations. The drugstore chain also slashed its full-year profit outlook, citing rising medical costs in its Medicare insurance unit.
In this article: CVS
What To Make Of The Elon Musk Tesla China Embrace?
Article By:
Mish Shedlock
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Wednesday, May 1, 2024 10:03 AM EDT
Elon Musk went globetrotting to China and scored a big victory for Tesla’s Full Self Drive (FSD) Technology. Or did he?
In this article: TSLA
Pfizer Q1 Earnings And Revenues Beat Estimates
Article By:
Zacks Investment Research
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Wednesday, May 1, 2024 9:40 AM EDT
PFE came out with quarterly earnings of $0.82 per share, beating the our eimate of $0.56 per share. This compares to earnings of $1.23 per share a year ago.
TG Therapeutics Stock Just Rallied 30%: What Happened?
Article By:
Wajeeh Khan
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Wednesday, May 1, 2024 9:39 AM EDT
TG Therapeutics Inc (NASDAQ: TGTX) is up 30% on Wednesday even though it reported a wider-than-expected per-share loss for its fiscal first quarter.
In this article: TGTX
What The Rise Of Perplexity Represents
Article By:
Pete Pachal
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Wednesday, May 1, 2024 9:03 AM EDT
Perplexity isn't the next Google, and that's precisely why it's succeeding.
Leggett & Platt Dividend Cut
Article By:
Dividend Power
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Wednesday, May 1, 2024 2:00 AM EDT
After the market closed on Tuesday, April 30th, Leggett & Platt (LEG) cut its dividend payout. The company’s quarterly dividend rate was $0.46 per share before the announcement. The dividend is now $0.05 per share, an 89.1% reduction.
In this article: LEG
Cloud Stocks: Atlassian Expands API Capabilities With Optic
Article By:
Sramana Mitra
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Tuesday, April 30, 2024 2:09 PM EDT
Atlassian plans to integrate Optic with Compass, to accelerate its ability to empower engineering teams and improve productivity by helping developers find the required documentation for faster shipping.
In this article: TEAM
Xiaomi EV Plans To Launch International Market After Three Years
Article By:
EqualOcean
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Sunday, April 28, 2024 6:17 AM EDT
Since its release, the Xiaomi EV car has accumulated a total of about 75,600 orders locked, of which 5,700 vehicles have been successfully delivered.
Intel’s $12.7B Q1 Surge Amid New Financial Model
Article By:
Finance Brokerage
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Friday, April 26, 2024 6:10 AM EDT
Strong Q1 Earnings: Intel reports a revenue increase to $12.7 billion, up 9% YoY; AI Acceleration: New Gaudi 3 AI accelerator set to outperform Nvidia, emphasizing Intel’s AI focus;
In this article: INTC