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Overview: Amentum (NYSE: AMTM) has successfully secured the Fully Integrated Lifecycle Mission Support Services II (FILMSS II) contract from NASA, with a maximum value of $256 million. This pivotal contract aims to enhance NASA's capabilities in space exploration and aeronautics through...

Stock shorting, or short selling, is an investment strategy where traders aim to profit from a decline in a stock’s price. Here’s an overview of how it works, the risks involved, and other important aspects: 1. How Short Selling Works Borrowing Shares: To short a stock, an investor borrows...

Market Performance Stocks rose on Tuesday as investors remain hopeful for a "soft landing" in the economy. The S&P 500 gained nearly 1%, the Nasdaq Composite increased about 1.5%, and the Dow Jones Industrial Average rose by 0.3%. The upcoming release of the Federal Reserve's meeting minutes...

Elon Musk has escalated his legal battle with OpenAI, portraying the situation as a "textbook tale of altruism versus greed" in his latest complaint. Musk's legal team accuses OpenAI's CEO, Sam Altman, of deliberately deceiving Musk, who has long voiced concerns about the existential threats...

Palantir Technologies' stock saw significant gains on Tuesday, leading the S&P 500, after a bullish outlook from Ark Invest, which indicated software companies could have more upside in the ongoing AI boom. Rahul Bhushan, Managing Director at Ark Invest Europe, shared insights during a CNBC...

SentinelOne, a global leader in AI-driven cybersecurity solutions, has been named the Best Managed Detection and Response (MDR) Service Provider of the Year at the prestigious Future Security Awards 2024. This accolade, presented by CPI Media Group, recognizes organizations that demonstrate...

Cloudflare, inc. (NYSE: NET), a global leader in cloud connectivity and cybersecurity, announced the acquisition of Kivera, a cutting-edge platform specializing in cloud security, data protection, and regulatory compliance. The integration of Kivera into Cloudflare's rapidly growing Cloudflare...

Earnings Performance: PepsiCo (PEP) delivered a strong quarterly earnings report for Q3 2024, posting earnings of $2.31 per share. This figure surpassed the Zacks Consensus Estimate of $2.30, indicating a year-over-year increase from $2.25 per share. The earnings surprise of 0.43% reflects the...

Manic Monday: Stocks opened the week on a down note. The Dow Jones fell nearly 400 points (0.94%), the S&P 500 decreased by 0.96%, and the Nasdaq dropped 1.18%. U.S. crude oil prices rose over 3%, ending above $77 per barrel, and the 10-year Treasury yield surpassed 4% for the first time since...

Recent insider activity at Waste Management Inc. (NYSE)has drawn attention, as insiders have sold substantial amounts of stock over the past year. Insider transactions are often scrutinized by investors to gauge confidence in a company’s future. While insider sales may have various motivations...

Novo Nordisk and Viatris reached a confidential settlement in a high-stakes patent dispute related to Novo's blockbuster drugs, Ozempic and Wegovy, which are used to treat type 2 diabetes and obesity. Filed with the U.S. Patent and Trademark Office’s (USPTO) Patent Trial and Appeal Board, the...

Amazon's (AMZN) stock took a hit on October 7, 2024, closing 3% lower after Wells Fargo analyst Ken Gawrelski downgraded the company from Overweight to Equal Weight, reducing its price target from $225 to $183. Gawrelski's note highlighted several headwinds that could weigh on Amazon’s profit...

Nvidia (NVDA) overtook Microsoft (MSFT) to claim the position as the world’s second-largest company by market capitalization, trailing only Apple (AAPL). Nvidia's market cap surged to $3.13 trillion, surpassing Microsoft's $3.04 trillion, driven by robust demand for its artificial intelligence...

On October 7, 2024, Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, announced a major step in its portfolio optimization strategy with the sale of its 20% non-operated interest in the Athabasca Oil Sands Project and 70% operated interest in the Duvernay Shale, both located...

1. Pfizer Shares Rise on Starboard's $1 Billion Stake Pfizer (PFE) shares increased by 3% in premarket trading after Starboard Value reportedly took a $1 billion stake in the company. The pharmaceutical giant has faced pressure after losing nearly half of its value since its pandemic peak. 2...

Strategic Partnership with Hyundai: Alphabet Inc.’s Waymo has announced a significant partnership with Hyundai to integrate its autonomous technology into the IONIQ 5 electric vehicles. This collaboration marks a critical step in expanding Waymo’s robotaxi fleet, showcasing the growing...

Big Bank Earnings (Friday, Oct 11): Major financial firms such as JPMorgan Chase, Wells Fargo, BlackRock, and Bank of New York Mellon will release their Q3 earnings. Delta Air Lines and PepsiCo will also report earnings earlier in the week. Tesla’s Robotaxi Reveal (Thursday, Oct 10): Tesla is...

JPMorgan Chase & Co has increased its presence in Australia's casino sector by acquiring a 5.47% stake in Star Entertainment, as revealed in a recent exchange filing. This move positions JPMorgan as a substantial shareholder in the financially troubled casino operator, which has been grappling...

Spirit Airlines (SAVE) saw its stock plunge by 40% in premarket trading as reports surfaced about the carrier exploring a potential bankruptcy filing. This comes after the failure of a $3.8 billion merger with JetBlue Airways (JBLU). Spirit is reportedly in talks with bondholders about a chapter...

Shaky October: The stock market experienced losses on Thursday, with the Dow down 184.93 points (0.44%) and the S&P 500 dropping 0.17%. The Nasdaq Composite had a slight gain of 0.04%, aided by Nvidia's rally. Overall, October is starting weakly, with major indices poised to break a three-week...