#nyse

Event Overview At its annual hardware event in Mountain View, California, Google revealed a new lineup of Pixel smartphones that prominently feature advanced artificial intelligence (AI) capabilities. The event, held earlier than in previous years, underscored Google's push to embed AI deeper...

Amazon has officially opened a state-of-the-art fulfilment centre at Gateway45 in Leeds, marking a significant £500 million investment aimed at bolstering its UK operations. This new facility, Amazon’s 31st in the UK, will utilize advanced technology across three floors to streamline the...

Tesla Discontinues Its Most Affordable Cybertruck Model Tesla has ceased accepting orders for the $61,000 version of its Cybertruck, effectively raising the entry price to $100,000. The move has sparked significant interest and concern among consumers and investors alike, as the pricing shift...

Cisco is reportedly planning to announce another significant reduction in its workforce, potentially impacting thousands of employees, as part of its ongoing efforts to pivot towards higher-growth sectors like cybersecurity and artificial intelligence (AI). This upcoming round of layoffs would...

Monday, August 12 New York Fed Consumer Inflation Expectations (July): This report will provide insights into consumer expectations for future inflation, which can impact consumer behavior and economic policy. Tuesday, August 13 NFIB Small Business Optimism Index (July): A key indicator of...

Market Gains: U.S. stock indexes saw significant gains on Thursday, with the S&P 500 jumping 2.3%, the Dow Jones rising 1.76%, and the Nasdaq surging 2.87%. Jobless Claims Drop: Weekly jobless claims fell to 233,000, lower than expected, providing optimism despite recent concerns about the...

Citius Pharmaceuticals Inc. (NASDAQ: CTXR), a penny stock, has achieved a significant milestone by securing its first FDA approval for Lymphir (denileukin diftitox-cxdl), a drug developed to treat relapsed or refractory cutaneous T-cell lymphoma (CTCL) in patients who have undergone at least one...

Intel Corporation is embroiled in a class-action lawsuit filed by shareholders after the company's stock suffered a dramatic 26% decline, wiping out over $32 billion in market value. The lawsuit, filed in the U.S. District Court for Northern California, accuses Intel, along with its CEO...

Tesla (TSLA) is taking a significant step to expand its energy business in Texas by partnering with Sunrun (RUN), a leading provider of solar and home energy solutions. This collaboration is designed to help homeowners in Texas build "virtual power plants" by leveraging Tesla’s Powerwall battery...

Palantir Technologies Inc. (NYSE) today announced financial results for the second quarter ended June 30, 2024. Q2 2024 Highlights Revenue Growth: Revenue grew 27% year-over-year and 7% quarter-over-quarter to $678 million. US Commercial Segment: US commercial revenue increased by 55%...

CrowdStrike, a leading cybersecurity firm, is facing legal action from shareholders following a global IT outage caused by a faulty software update. On July 19, a buggy update to CrowdStrike’s hacking-prevention software led to the malfunction of over eight million computers, causing widespread...

Market Rally: Major indexes closed higher on Wednesday. S&P 500 gained 1.58%, Nasdaq Composite jumped 2.64%, and Dow Jones Industrial Average rose 0.24%. Megacap tech stocks, including Nvidia, Apple, Meta Platforms, and Amazon, surged. Federal Reserve Holds Rates: Fed officials decided to keep...

Market Movement: The S&P 500 and Nasdaq Composite fell on Tuesday, with declines of 0.6% and 1.2%, respectively. The Dow Jones Industrial Average rose by 0.3%. The tech sector, particularly large-cap stocks, showed weakness, while earnings season has been strong overall. Microsoft's Cloud...

Advanced Micro Devices, Inc. (NASDAQ: AMD) posted a second-quarter earnings win with a slight beat on analyst expectations, resulting in a more than 9% rise in AMD stock during premarket trading Today Key Financial Highlights: Adjusted Earnings Per Share (EPS): $0.69, just above the $0.68...

Palantir Technologies Inc. (NYSE: PLTR), a leader in AI systems for modern enterprises, has announced a multi-year partnership with Tree Energy Solutions (TES), a global leader in the production of electric natural gas (e-NG) derived from green hydrogen. The partnership aims to leverage...

Federal Reserve Rate Decision: The Federal Reserve will announce its latest rate decision on Wednesday, with no changes expected to the current 5.25%-5.5% range. Big Tech Earnings: Apple, Meta, Amazon, and Microsoft are set to report earnings this week. Additional Earnings Reports: Updates are...

STMicroelectronics NV (NYSE: STM), a key supplier for Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL), reported its fiscal second-quarter 2024 earnings, revealing a significant revenue decline of 25.3% year-on-year to $3.23 billion, slightly above the analyst consensus estimate of $3.20...

Amazon Inc (NASDAQ: AMZN) shares were rising in Wednesday’s after-hours session after the National Basketball Association (NBA) announced a deal in which Prime Video will telecast NBA games over the next decade. The NBA announced a renewal of its partnership with Walt Disney Co (NYSE: DIS), as...

Chipotle (CMG) reported strong Q2 2024 results, exceeding Wall Street's expectations across all major metrics, including revenue, earnings, and same-store sales. Key highlights from the report include: Revenue: $2.97 billion, up 18.2% year-over-year, versus the expected $2.94 billion. Adjusted...

Nike's (NYSE: NKE) stock reached an all-time high of $172.49 on November 5, 2021, buoyed by its strong recovery from the pandemic, the growth of its Nike Direct business, and robust sales in China. However, the stock is now trading nearly 60% below that peak. The following four charts explain...