#stockmarket

US Stock Futures Decline After Labor Day U.S. stock futures are lower in premarket trading following the Labor Day weekend, with Nvidia (NVDA) shares leading the decline. Investors await key jobs data later this week, which could influence Federal Reserve interest rate decisions. Intel to...

Intel Corporation (INTC), a long-standing member of the Dow Jones Industrial Average since 1999, is facing the possibility of being removed from the index due to a significant decline in its share price. Intel's stock has dropped nearly 60% this year, making it the worst performer on the Dow...

Sales Performance: Tesla (TSLA) experienced its strongest sales month in China for the year in August, delivering over 63,000 vehicles. This represents a notable 37% increase from July, though it falls short of August 2023’s sales of 64,694 units. Despite this growth, Tesla’s performance is...

Huawei Technologies Co. is poised to directly challenge Apple Inc. by scheduling a major product launch just hours after Apple’s highly anticipated iPhone 16 debut on September 9, 2024. Huawei's event, set for September 10, is expected to showcase a range of groundbreaking products, including...

A consortium led by Blackstone, in partnership with the Canada Pension Plan Investment Board (CPPIB), is nearing a significant acquisition of Australian data center giant AirTrunk. The deal, valued at approximately A$20 billion ($13.53 billion) including debt, underscores the continued surge in...

KEY EVENTS: Labor Day Market Closure: U.S. markets will be closed on Monday, September 2nd, for the Labor Day holiday. Labor Market Focus: The spotlight will be on the labor market this week, with the August jobs report set to be released on Friday. This will be a crucial indicator for the...

As we step into September, I want to extend my best wishes for our continued success and prosperity. May this month bring us new opportunities and positive outcomes in all our investments. Please note that the U.S. markets will be closed on Monday, September 2, 2024, in observance of Labor Day...

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...

Dell Technologies has increased its annual revenue and profit forecasts, driven by surging demand for its AI-optimized servers powered by Nvidia chips. The company reported a 38% increase in its Infrastructure Solutions Group's revenue, reaching a record $11.65 billion in Q2 2024. Dell’s AI...

Ulta Beauty (ULTA) delivered underwhelming second-quarter 2024 earnings, significantly missing Wall Street expectations. The beauty retailer reported revenue of $2.55 billion, falling short of the anticipated $2.62 billion. Earnings per share (EPS) were $5.30, also below the forecasted $5.50...

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...

Super Micro Computer Inc. (NASDAQ: SMCI) has seen its shares plummet by 19%, leading to a significant $800 million reduction in CEO and Chairman Charles Liang’s net worth. This drop, which occurred after the company announced a delay in filing its annual financial report, caps a staggering loss...

Major Indexes See Pullback On Wednesday, all three major U.S. stock indexes closed lower, with the Nasdaq Composite leading the decline at a 1.12% drop. The S&P 500 fell 0.6%, and the Dow Jones Industrial Average dipped 0.39%. Nvidia's 2.1% decline, as investors awaited its quarterly results...

Chipotle Mexican Grill (NYSE: CMG) has fast-tracked the appointment of Adam Rymer as Chief Financial Officer (CFO) and Jamie McConnell as Chief Accounting and Administrative Officer, both effective October 1, 2024. This strategic move aims to ensure continuity and strong leadership within the...

Warren Buffett’s Berkshire Hathaway achieved a significant milestone on Wednesday, closing with a market value exceeding $1 trillion for the first time in its history. This landmark reflects deep investor confidence in the conglomerate, which Buffett has meticulously built over nearly six...

CrowdStrike CEO George Kurtz underscored the resilience of the cybersecurity firm during an earnings call, following a significant software glitch that caused a global outage and affected millions of systems. Despite the crisis, which resulted in a 27% drop in the company's shares and is...

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%...

MARKET PERFORMANCE: All major indexes closed slightly higher on Tuesday, with the S&P 500 and Nasdaq Composite each gaining 0.16%, and the Dow Jones Industrial Average rising by 0.02%. The Dow achieved its second consecutive record close. NVIDIA’S ANTICIPATED RESULTS: Investors are focused on...

Uber is expanding its partnership with Coco, a sidewalk robot delivery service, to enhance its Uber Eats platform. Initially launching in Los Angeles, the collaboration aims to broaden its reach to more cities later in 2024. Coco’s fleet, consisting of over 1,000 emissions-free robots, is...

Walmart is significantly expanding its marketplace seller services to enhance its competitive edge and prepare for the upcoming holiday season. The retail giant announced that it will now offer a suite of logistical and financial services aimed at helping third-party sellers optimize their...