#stockmarket

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...

Super Micro Computer (NASDAQ: SMCI), a leading provider of artificial intelligence (AI) server solutions, came into sharp focus on Monday following a positive assessment from Glasshouse Research. The forensic accounting and analytics firm expressed strong confidence in the stock, describing its...

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...

Palantir Technologies (PLTR) has reached a significant milestone with its inclusion in the S&P 500 Index, effective before the start of trading on September 23, 2024. This development, announced by S&P Dow Jones Indices, has been eagerly anticipated by investors, signaling Palantir’s growing...

Apple is preparing for its highly anticipated "Glowtime" event on September 9, 2024, at its Cupertino headquarters. The company is expected to introduce four new iPhones, the tenth-anniversary edition of the Apple Watch, and upgraded AirPods. While the hardware reveals are important, 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...

Big Lots, Inc. officially announced its voluntary Chapter 11 bankruptcy filing, confirming that it will sell all assets and business operations to an affiliate of Nexus Capital Management, a private equity firm. The discount retailer, headquartered in Columbus, Ohio, cited challenging economic...

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...

S&P 500's Losing Streak: The S&P 500 fell 0.3% on Thursday, continuing its losing streak with three consecutive down sessions. The Dow Jones dropped 0.54%, while the Nasdaq Composite gained 0.25%. Upcoming Jobs Report: Wall Street is anticipating August’s jobs report, expecting an increase of...

Overview: Tesla has announced plans to launch its full self-driving (FSD) technology in China and Europe by the first quarter of 2025. The move is part of Tesla’s broader strategy to expand its advanced driver assistance systems globally. Regulatory Progress: China: Tesla has made notable...

Chipotle Mexican Grill has partnered with Spirit Halloween, the well-known seasonal costume retailer, to launch a quirky and playful costume collection ahead of Halloween 2024. This marks the fast-casual chain’s latest venture into the festive season, capitalizing on its prior success with...

Broadcom (AVGO), a major player in the semiconductor and infrastructure software industry, reported fiscal third-quarter results that narrowly surpassed Wall Street's expectations but issued a weaker-than-anticipated sales forecast for the upcoming quarter. The company reported adjusted earnings...

Broadcom's AI Outlook in Focus for Q3 Results Investors are closely watching Broadcom's (AVGO) quarterly results, particularly its AI-related updates. Broadcom is expected to announce Microsoft-backed OpenAI as a new AI chip customer. Revenue is projected to reach $13.04 billion, though net...

Financial Results: Dollar Tree, Inc. (NASDAQ: DLTR) delivered disappointing Q2 2024 results, missing both earnings and revenue expectations, which led to a sharp decline in its stock price. The company reported adjusted earnings per share (EPS) of $0.67, significantly below the consensus...

Amazon has expanded its AI-driven capabilities by introducing Rufus, a new AI-powered shopping assistant, in the UK. Initially accessible to a select group of users via the Amazon mobile app, Rufus leverages Amazon’s vast product catalog and additional web data to provide comprehensive...

1. Nvidia Under DOJ Antitrust Investigation Nvidia (NVDA) shares are down 2% in premarket trading following a report that the U.S. Department of Justice (DOJ) has served the company with a subpoena as part of an antitrust investigation. This follows a 10% drop in Nvidia's stock the previous day...

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...

A federal securities class action lawsuit has been initiated against Starbucks, alleging that the company misled investors with false statements about its Reinvention strategy. The lawsuit, filed in the U.S. District Court Western District of Washington, targets investors who bought Starbucks...

Apple Inc.’s stock has surged significantly ahead of its upcoming iPhone release, fueled by high expectations for its artificial intelligence (AI) features. Historically, Apple shares have experienced declines following iPhone launches, and September has proven to be a particularly challenging...

Volkswagen, one of the world's largest automakers, is on the brink of making a historic decision to close manufacturing plants in Germany for the first time in its 87-year history. This move comes as the company grapples with intensifying competition from Chinese electric vehicle (EV)...