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Intel is poised to report its most substantial quarterly revenue drop in five quarters, with Wall Street analysts projecting an 8% decline to approximately $13.02 billion. This anticipated downturn underscores the ongoing difficulties the iconic chipmaker faces in recapturing its market share...
1. Boeing Strike Extended
Union machinists at Boeing rejected a contract proposal, prolonging their six-week strike. The rejected contract included a 35% pay increase over four years. Boeing's third-quarter loss also contributed to the company’s stock dropping by 4% in premarket trading.
2...
Shares of McDonald's Corporation (MCD) experienced a significant decline of nearly 6% in premarket trading on October 23, 2024, following reports of an E. coli outbreak associated with its popular Quarter Pounder hamburgers. The outbreak has been linked to one death and resulted in 49 reported...
Meta Platforms Inc. (NASDAQ: META) is witnessing notable insider selling as it continues to invest heavily in artificial intelligence (AI). On September 19, 2024, Chief Product Officer Christopher K. Cox sold 20,000 shares at $557.52 per share, amounting to approximately $11.15 million. This...
Nvidia (NVDA), a leader in AI technology, is expanding its influence beyond data centers through a strategic partnership with Miso Robotics, known for its innovative use of AI in the restaurant industry. This collaboration focuses on integrating Nvidia's cutting-edge Vision AI technology into...
Netflix's stock skyrocketed by over 11%, closing at an all-time high of $763.89 on Friday after delivering a robust third-quarter earnings report. The company exceeded Wall Street expectations by posting $9.83 billion in revenue, slightly higher than the $9.78 billion forecast. The streaming...
This week brings a combination of pivotal earnings reports, key economic data, and remarks from Federal Reserve officials that could shape market sentiment and economic expectations. Investors will be closely watching corporate performance, monetary policy signals, and the health of key sectors...
Webster Financial Corp (NYSE: WBS) delivered a comprehensive financial performance in Q3 2024, showcasing both strengths and challenges as it navigates a dynamic market environment.
Below are the key highlights from the earnings call:
Positive Performance Indicators.
Deposit Growth:
Webster...
Markets: Stock futures are steady with small gains for S&P 500 (+0.12%) and Nasdaq 100 (+0.29%), while the Dow is flat. Earnings reports from American Express and Procter & Gamble are being watched closely.
Netflix Shares Jump: Netflix's third-quarter earnings beat expectations, reporting $5.40...
Amazon (AMZN) has made a bold $500 million investment in nuclear energy, signaling a strategic push toward sustainability and reinforcing its commitment to achieving net-zero carbon emissions by 2040. This move is part of Amazon's broader Climate Pledge, aligning the tech giant with global...
Summary of Q3 Performance: Badger Meter, a water control and measurement company, reported Q3 CY2024 results that fell short of Wall Street’s revenue expectations, though earnings surpassed estimates. Revenue increased by 11.9% year-on-year to $208.4 million, slightly below the anticipated...
Overview: Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, saw its Taipei-listed shares soar to a record high on Friday, following a stellar third-quarter earnings report that exceeded market expectations. The company also provided an optimistic forecast...
Lucid Group, Inc. (Nasdaq: LCID) announced on October 17, 2024, the pricing of its underwritten public offering of 262.4 million shares of common stock, generating approximately $1.67 billion in gross proceeds. The shares will be sold through various methods, including direct sales, broker...
Bank of America Corporation announced that its Board of Directors has declared a regular quarterly cash dividend of $0.26 per share on its common stock. This dividend is set to be paid on December 27, 2024, to shareholders of record as of December 6, 2024. Furthermore, the Board declared a...
Horizon Robotics, a leading Chinese company in the autonomous driving sector, is aiming to raise up to $696 million (HK$5.4 billion) through an initial public offering (IPO) on the Hong Kong stock exchange. This would make it one of the largest public offerings in the city this year. Horizon...
1. Markets
Stock futures remained relatively unchanged Wednesday morning. The Nasdaq 100 rose slightly, while the Dow Jones futures fell by 11 points. The Nasdaq Composite was down 1.01%, partly due to a hit in semiconductor stocks after ASML's earnings report but remained close to record highs...
Stock Performance: ASML Holding (AS) experienced a sharp decline in its share price, plummeting more than 16% on Tuesday following a significant downward revision of its 2025 sales outlook. The stock continued to fall by an additional 5% in Wednesday’s premarket session. This decline reflects...
Overview of Performance: Citigroup reported solid Q3 2024 earnings, with net income of $3.2 billion and earnings per share (EPS) of $1.51. The Return on Tangible Common Equity (RoTCE) stood at 7%, reflecting improved performance amid global economic resilience and internal restructuring efforts...
Google has signed an agreement with Kairos Power, a nuclear startup, to construct seven small modular reactors (SMRs) aimed at generating around 500 megawatts of carbon-free electricity. This initiative comes at a time when energy demand for data centers and AI is skyrocketing, pushing tech...
Wolfspeed Inc. (NYSE: WOLF), a key competitor to Nvidia, witnessed its stock surge by more than 16% after securing a major funding agreement with the U.S. Department of Commerce. The deal, announced under President Biden's CHIPS and Science Act, is valued at up to $750 million. This capital will...
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