#stockmarket

Moderna Inc. (MRNA) shares saw a significant rise on Tuesday, climbing nearly 4% after Canadian regulators approved the company's updated COVID-19 vaccine, Spikevax KP.2. The vaccine, which targets the KP.2 variant of the virus (a descendant of the JN.1 variant), is now authorized for use in...

Palantir Technologies (NYSE: PLTR) has had a strong year, with its stock up over 100% and a market capitalization of $80 billion. The company's revenue is accelerating, it has begun generating positive earnings, and free cash flow is improving. Palantir recently announced it will join the S&P...

1. Dow Jones Hits New Record: The Dow Jones Industrial Average reached an all-time high, gaining 228.30 points (0.55%). The S&P 500 remained near its high, closing at 5,633.09. Nasdaq fell, with Nvidia and Apple facing declines, including a 2.8% drop for Apple. 2. Amazon Changes Work Policy...

Intel has announced plans to spin off its foundry business into an independent subsidiary, retaining leadership but gaining an operating board with independent directors. As part of cost-cutting efforts, Intel will pause its chip projects in Poland and Germany for two years and reevaluate its...

Microsoft (MSFT) made significant announcements on Monday, unveiling a $60 billion stock buyback program and a 10% increase in its quarterly dividend, raising it from 75 cents to 83 cents per share. This dividend is set to be paid on December 12, with shareholders on record as of November 21...

CrowdStrike (NASDAQ: CRWD) has unveiled the expansion of its Cybersecurity Startup Accelerator program in partnership with Amazon Web Services (AWS) and NVIDIA, aiming to nurture the next wave of groundbreaking cloud security and artificial intelligence (AI) startups. This initiative, announced...

Apple’s stock tumbled nearly 3% on Monday following concerns that the new iPhone 16 Pro models are seeing softer demand than anticipated. Several analysts noted that delivery times for the latest iPhones are shorter compared to last year's iPhone 15 Pro, which may signal weaker consumer...

Intel is poised to receive up to $3.5 billion in federal grants under a strategic agreement with the U.S. government to manufacture cutting-edge semiconductors for military and intelligence applications. The deal is part of the Pentagon's "Secure Enclave" program, which focuses on developing...

Federal Reserve Decision Looming The Federal Reserve is expected to cut interest rates on Wednesday after recent economic data showed slowing inflation and job growth. Traders are pricing in a 59% chance of a 0.5 percentage point rate cut. Second Attempted Assassination on Trump Former...

CrowdStrike (NASDAQ: CRWD) and 1Password have announced an expanded strategic partnership aimed at providing robust, AI-powered cybersecurity solutions to 150,000 small and midsize businesses (SMBs). This collaboration combines 1Password’s Extended Access Management (XAM) with CrowdStrike’s...

KEY EVENTS TO WATCH: Tuesday, September 17, 2024: Retail Sales Data (August): This report will provide insight into consumer spending, which makes up a significant portion of U.S. GDP. Housing Market Index (September): A gauge of homebuilder sentiment, important for assessing the state of the...

5 THINGS TO KNOW BEFORE THE STOCK MARKET OPENS Boeing Faces Strike Boeing (BA) shares are down 4% in premarket trading as over 30,000 members of its largest union, IAM, go on strike after rejecting a 25% pay hike offer, disrupting airplane assembly in the Pacific Northwest and California...

OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang engaged with key Biden administration officials and other industry leaders at the White House to address the significant infrastructure needs essential for advancing artificial intelligence (AI) projects. The high-profile meeting included...

Moderna Inc. (NYSE: MRNA) saw its stock plummet by nearly 20% following a significant announcement about its research and development (R&D) strategy. The biotechnology company revealed that it will cut its R&D budget by approximately $1.1 billion by 2027, representing a 20% reduction. This...

Salesforce has officially introduced its Hyperforce cloud platform in Israel, allowing government bodies and regulated companies to securely store sensitive data within the country. This move addresses compliance with Israel's stringent data privacy laws, which mandate that certain data cannot...

Salesforce has officially introduced its Hyperforce cloud platform in Israel, allowing government bodies and regulated companies to securely store sensitive data within the country. This move addresses compliance with Israel's stringent data privacy laws, which mandate that certain data cannot...

Amazon Web Services (AWS) has unveiled a strategic plan to invest £8 billion ($10.48 billion) in the UK between 2024 and 2028 to expand its data centre operations. This substantial investment is expected to strengthen the UK’s digital infrastructure, contributing an estimated £14 billion to the...

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...

Sony Group Corp. (SONY) has ignited debate within the gaming industry by pricing its new PlayStation 5 Pro at $700, positioning it well above Microsoft's competing Xbox Series X, which is priced at $600. The PlayStation 5 Pro, slated for release on November 7, is a faster, upgraded version of...

UPS has announced plans to acquire Frigo-Trans and its sister company BPL, leading healthcare logistics providers based in Germany. This move will significantly enhance UPS’s ability to offer end-to-end, temperature-controlled logistics solutions across Europe, catering to the growing demands of...