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Palantir Technologies Inc. (PLTR) has secured a $100 million contract from the US Department of Defense to expand the use of its Maven Smart System, an AI-based digital warfare platform. This contract will increase access to Palantir’s artificial intelligence targeting tools for US military...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Super Micro Computer (NASDAQ: SMCI) experienced a significant drop of 20% in share price following its fiscal fourth-quarter earnings report, despite announcing a stock split and strong revenue guidance. The company reported a 143% revenue increase to $5.31 billion, aligning with analysts'...

Cisco is reportedly planning to announce another significant reduction in its workforce, potentially impacting thousands of employees, as part of its ongoing efforts to pivot towards higher-growth sectors like cybersecurity and artificial intelligence (AI). This upcoming round of layoffs would...

Monday, August 12 New York Fed Consumer Inflation Expectations (July): This report will provide insights into consumer expectations for future inflation, which can impact consumer behavior and economic policy. Tuesday, August 13 NFIB Small Business Optimism Index (July): A key indicator of...

Tesla (TSLA) is taking a significant step to expand its energy business in Texas by partnering with Sunrun (RUN), a leading provider of solar and home energy solutions. This collaboration is designed to help homeowners in Texas build "virtual power plants" by leveraging Tesla’s Powerwall battery...

Microsoft (MSFT) has recently reported its Fiscal Q4 earnings, showcasing strong financial performance yet eliciting mixed reactions from investors. Despite exceeding both earnings and revenue expectations, concerns over declining margins and slower cloud revenue growth led to a temporary drop...