#stockmarket

The National Labor Relations Board (NLRB) has found that Chipotle Mexican Grill may have violated federal labor law at its only unionized store in Lansing, Michigan. The NLRB’s Detroit regional director determined there was merit to allegations made by the International Brotherhood of Teamsters...

Eli Lilly and Company (NYSE: LLY) has launched Zepbound® (tirzepatide) single-dose vials, available through its LillyDirect® self-pay channel, significantly expanding access to obesity treatment. These vials are priced at least 50% lower than other incretin (GLP-1) medicines for obesity...

Dow Jones Hits Record High: The Dow Jones Industrial Average reached a new intraday record and closed up 65.44 points, despite the S&P 500 and Nasdaq Composite declining. Apple CFO Replacement: Apple announced that its CFO, Luca Maestri, will be replaced by Kevan Parekh on January 1, 2025...

Hitachi Vantara and Broadcom Announce Advanced Private and Hybrid Cloud Solutions with VMware Cloud Foundation Hitachi Vantara and Broadcom Launch Next-Generation Cloud Solutions to Drive Innovation and Sustainability Summary: Hitachi Vantara, a key player in data storage and hybrid cloud...

Apple has announced that Luca Maestri, its long-serving Chief Financial Officer, will step down from his role on January 1, 2025. In a planned succession, Kevan Parekh, currently Vice President of Financial Planning and Analysis, will assume the CFO position and join Apple’s executive...

IBM is set to shut down its hardware research and development team in China, a move attributed to escalating geopolitical tensions between the U.S. and China. This closure will impact fewer than 1,000 employees, with job functions being transferred to other countries, particularly India. The...

Dutch Data Protection Authority (DPA) imposed a significant fine of $324 million on Uber for violating the European Union’s General Data Protection Regulation (GDPR). The fine was levied due to Uber's improper transfer of sensitive personal data belonging to its European drivers to servers in...

1. IBM Withdraws from China: IBM is reportedly closing its China R&D department, moving operations overseas as U.S. companies face increased scrutiny from Beijing. The move affects over 1,000 employees and marks another major U.S. company pulling back from China. 2. Nvidia's Q2 Results...

Summary: Sompo, a leading global insurance provider, has embarked on a significant digital transformation journey by partnering with Palantir Technologies to integrate advanced AI solutions into its operations. Over the next three years, Sompo will leverage Palantir's Foundry and AI Platform to...

SUMMARY: Microsoft is set to host a pivotal cybersecurity summit on September 10, 2024, in Redmond, Washington, in partnership with CrowdStrike, government officials, and other major technology firms. This summit comes in the wake of a catastrophic system outage in July, triggered by a flawed...

EARNINGS REPORTS: Major tech firms like Nvidia, Salesforce, Dell, and CrowdStrike will release earnings this week. Retail giants, including Dollar General, Five Below, Abercrombie & Fitch, and Ulta Beauty, will also report their financials. Inflation and Economic Data: Investors are focused...

Tesla has experienced another high-profile resignation with the departure of Sreela Venkataratnam, a veteran executive who spent 11 years at the company. Venkataratnam announced her exit on LinkedIn, citing a desire to focus on personal well-being and spend time with family. Her resignation...

PARTNERSHIP ANNOUNCEMENT: Cruise, a subsidiary of General Motors, will partner with Uber to introduce driverless vehicles on the Uber platform starting in 2025. The service will initially launch in an unspecified city using Chevy Bolt-based autonomous vehicles. BACKGROUND: Cruise halted its...

Alibaba Enhances Listing Status to Tap Mainland Investments: Alibaba Group Holding has announced a strategic upgrade of its Hong Kong stock listing from a secondary to a dual-primary status, effective August 28. This pivotal move enables the company to qualify for the Stock Connect program...

Reversing Course: Stock futures are up Friday after a down day, with the Dow Jones, S&P 500, and Nasdaq seeing losses on Thursday. The Nasdaq is slightly negative for the week, while the Dow and S&P are holding onto weekly gains. Powell Speech: Federal Reserve Chair Jerome Powell will speak at...

Intel (INTC) shares fell 6.1% on Thursday due to concerns over delays in the construction of two new semiconductor fabrication plants in Magdeburg, Germany. Originally scheduled to begin operations by 2027, the project's timeline is now uncertain, sparking investor worries. These concerns come...

Cava (CAVA) delivered robust second-quarter results, exceeding Wall Street expectations across key metrics. The Mediterranean fast-casual chain reported a 35.2% year-over-year increase in net sales, reaching $233.5 million, surpassing the anticipated $219 million. Adjusted earnings per share...

Meta Platforms Inc. has experienced a significant 13% rise in its stock this month, driven by CEO Mark Zuckerberg's compelling narrative around AI's role in boosting the company’s core digital advertising business. Despite reporting a substantial increase in capital expenditures, Meta's shares...

In the world of investing, everyone encounters myths along the way. While some myths have little impact, others can severely hinder your investment success, potentially leading to significant losses. To help you avoid costly mistakes, we’ve teamed up with Clement Thibault to debunk some of the...

Rate Rally: U.S. stock markets have been largely steady, with major indices rising on expectations of a Federal Reserve interest rate cut in September. Investors are closely watching Fed Chair Jerome Powell's upcoming comments at the Jackson Hole symposium. September Rate Cut Expected: Minutes...