#nyse

. Schlumberger (SLB) is effectively navigating a dynamic and competitive market landscape, underpinned by both its strong financial performance and strategic initiatives. In its most recent second-quarter report, the company posted a 5% sequential revenue growth, driven largely by robust...

Micron Technology Inc. delivered a strong fiscal Q4 2024 performance, showcasing record revenues and significant growth across several key financial metrics. Here are the main points from the earnings call: Revenue: $7.8 billion for fiscal Q4, a 14% sequential increase and 93% growth...

Super Micro Computer Inc. (SMCI) is positioning itself at the forefront of the energy storage revolution through a strategic collaboration with SES AI. This partnership underscores the rapidly expanding intersection of artificial intelligence and energy technology, reflecting a broader trend...

Constellation Energy Corporation (NASDAQ: CEG) has formed a strategic partnership with Microsoft to restart the iconic Three Mile Island nuclear power plant in Pennsylvania, which was shut down in 2019. The collaboration underscores the rising demand for clean and reliable energy solutions to...

Nvidia’s stock climbed by 4%, with an intra-day peak of 5%, following reports that CEO Jensen Huang has completed planned stock sales amounting to a staggering $713 million. The sales were part of a prearranged 10b5-1 trading plan adopted in March, allowing Huang to sell up to 6 million shares...

Intel (INTC) announced the launch of two cutting-edge artificial intelligence chips, the Xeon 6 CPU and Gaudi 3 AI accelerator, marking a strategic move to strengthen its data center business and regain market share from rivals AMD and Nvidia. These chips aim to deliver enhanced performance and...

Snowflake Inc. (NYSE: SNOW), the leading AI Data Cloud company, unveiled plans for a private placement of $2 billion in convertible senior notes. The offering consists of $1 billion in 2027 convertible notes and another $1 billion in 2029 convertible notes. The notes are being offered to...

Nike (NKE) has initiated a significant leadership change, announcing that CEO John Donahoe will retire on October 13, 2024, with longtime company veteran Elliott Hill stepping in as his successor. Hill, who retired from Nike in 2020, will officially take on the CEO role on October 14, 2024...

Palantir Technologies Inc. (NYSE: PLTR) has signed a significant multi-year, multi-million-dollar contract with Nebraska Medicine to revolutionize patient care using its cutting-edge Artificial Intelligence Platform (AIP). The partnership, which commenced in January 2024, is geared toward...

1. CPI Data Expected to Show Cooling Inflation The August Consumer Price Index (CPI) report is due, with economists forecasting a 2.6% year-over-year rise, down from July's 2.9%. This cooling inflation could pave the way for the Federal Reserve to cut rates during its upcoming meeting. 2. Trump...

Apple Faces €14.4 Billion Tax Bill The European Court of Justice has ordered Apple (AAPL) to pay €13 billion ($14.4 billion) in back taxes to Ireland, ruling that the company benefited from unfair tax breaks. This decision overturns a previous ruling and has led to a 1% drop in Apple’s premarket...

Google has lost its final legal battle in a long-running antitrust case against the European Union, solidifying a €2.4 billion ($2.7 billion) fine imposed by the EU's top antitrust authority. The EU Court of Justice upheld a lower court’s ruling from 2021, dismissing Google’s appeal against the...

Stock Market Rebound: Stock futures rose after a tough week where the S&P 500 saw its worst performance since 2023, dropping 4.3%. Investors await inflation data this week, which will influence the Fed's potential rate cut. Norfolk Southern CEO Investigation Norfolk Southern’s board is probing...

Key Events: Inflation Data: The August Consumer Price Index (CPI) and Producer Price Index (PPI) will provide important inflation insights ahead of the Federal Reserve's upcoming meeting. The Fed's decision on rate cuts could be influenced by this data. Apple Product Launch: Apple is expected...

Intel has launched its second-generation Core Ultra 200V processors, designed to strengthen its position in the increasingly competitive laptop market against rivals Qualcomm and AMD. These new chips, which are part of Intel's broader strategy to regain market dominance, boast significant...

Nvidia Corp., a dominant force in AI chip manufacturing, is under intensified scrutiny by the U.S. Department of Justice (DOJ) as the agency escalates its antitrust investigation. The DOJ has issued subpoenas to Nvidia and other companies, seeking evidence of anti-competitive practices. This...

END OF AUGUST TRADING: Stock futures were up as the major indices approach the final trading day of August. The S&P 500 and Dow Jones are both up about 1.2% for the month, while the Nasdaq Composite is down nearly 0.5%, facing potential back-to-back monthly losses. INFLATION GAUGE UPDATE: Wall...

Dollar General's shares experienced a dramatic 24% drop on August 29, 2024, following a significant reduction in its annual sales and profit projections. The discount retailer is grappling with weakening demand for non-essential items and fierce competition from larger retail giants like Walmart...

Nvidia (NASDAQ: NVDA) has been at the forefront of the artificial intelligence (AI) revolution, with its GPUs becoming essential for developing large language models and generative AI. This has led to a meteoric rise in Nvidia's stock, which has gained over 150% this year and more than 750%...

PVH Corp., the parent company of Calvin Klein and Tommy Hilfiger, experienced a significant drop in its stock price following the release of its second-quarter earnings report. The company's financial performance was heavily impacted by declining sales in key international markets, leading to a...