Summary: This week is filled with important economic events, earnings reports from major companies like Nvidia (NVDA), Alphabet (GOOG), Microsoft (MSFT), and Tesla (TSLA), along with inflation uncertainties and geopolitical risks. The market experienced fluctuations with tech stocks showing resilience amidst broader market drops.
Full articleSummary: The stock market experienced a volatile week driven by economic events, earnings reports, inflation uncertainties, and geopolitical risks. Notable companies like Google-parent Alphabet, Microsoft, and Nvidia had strong performances, but the market remains sensitive to external factors. The upcoming Federal Reserve meeting and jobs report add to the uncertain outlook.
Full articleSummary: The news provides updates on the weekly forecast for the US Dollar, as well as insights on the AUD/USD, GBP/USD, and USD/JPY currency pairs. It discusses upcoming market events that could impact the performance of these currencies.
Full articleSummary: Exxon Mobil Corp reported a decline in profit for the first quarter due to falling natural gas prices and refining margins. The company's revenue also dropped, missing Wall Street expectations. On the other hand, Chevron Corp reported a first-quarter profit that surpassed expectations.
Full articleSummary: The press release discusses the Bioacoustics Sensing System market segmentation, business strategies, and key players such as AT&T, IBM, and Samsung Electronics. It also emphasizes the importance of understanding competitor financials and potential partnerships for business growth.
Full articleSummary: Tesla bulls hope the company can get back into the trillion-dollar valuation club by 2030 despite recent setbacks in revenue and net income growth.
Full articleSummary: The news provides trading plans for IBM based on different time frames including longer term, swing trading, and day trading plans, along with resistance and support levels. A warning about a possible market crash is also mentioned.
Full articleSummary: Several companies across different sectors reported their 2024 first quarter sales and revenues, with some experiencing slight decreases while others saw increases. The overall sentiment is mixed with companies highlighting factors like effective cost management, demand for products, and expectations of stable revenues for the year.
Full articleSummary: Google CEO Sundar Pichai celebrated 20 years with the company, reflecting on his journey and expressing continued passion for his work. His accomplishments and contributions were praised by followers and admirers on social media.
Full articleSummary: Alphabet supera expectativas com seus resultados trimestrais, impulsionada pelo forte crescimento em seu principal negócio de busca e publicidade, assim como pela demanda por inteligência artificial na computação em nuvem. As ações da empresa abriram em alta de 10%, tornando-a mais valiosa que a fabricante de chips Nvidia.
Full articleSummary: Apple is in discussions with OpenAI to use its technology for new features on the next iPhone operating system, including AI software for generating human-sounding text and a chatbot-like feature. Apple is also considering partnering with Alphabet's Google for a chatbot. No final decision has been made yet.
Full articleSummary: Warren Buffett's potential influence on Apple's management could drive innovation beyond current product line, particularly in AI, aligning with Wall Street’s expectations.
Full articleSummary: The report provides trading plans for CVS Health Corporation (CVS) with Short Resistance Plans and Long Resistance Plans for different trading time frames.
Full articleSummary: A recent tech grad received offers from Google, Meta, and Microsoft. Eventually, they chose Google for its interesting work, company culture, and legacy as a tech giant.
Full articleSummary: A recent tech grad received offers from Google, Meta, and Microsoft. They chose Google for its interesting work, company culture, and legacy as a tech giant.
Full articleSummary: Portland State University is pausing seeking or accepting further gifts or grants from Boeing Co. due to its weapons manufacturing divisions and connections to Israel amidst the war in Gaza. A moderated forum to discuss concerns is planned for next month.
Full articleSummary: The tech world was buzzing with stories about Elon Musk's laughter over a photo comment, Mark Zuckerberg's skepticism about Apple Vision Pro, and Meta Platforms' $1 billion bet on Nvidia H100 GPU Cluster.
Full articleSummary: Starbucks and Workers United in the U.S. have agreed to begin talks with the aim of reaching labor agreements after workers voted to unionize at more than 370 company-owned Starbucks stores. The two sides plan to discuss resolving litigation between them as well.
Full articleSummary: Bedrijfstakpensioenfonds Voor DE Media PNO has increased its stake in Thermo Fisher Scientific Inc. by 16.3% during the first quarter, making it the 11th biggest position in its portfolio. Other hedge funds and institutional investors have also added or reduced their stakes in the company. Analysts have mostly issued buy ratings for TMO, with a consensus rating of 'Moderate Buy'. Insiders have been actively selling shares of the company. Thermo Fisher Scientific reported higher-than-expected quarterly earnings, with a return on equity of 18.45% and a net margin of 14.20%. The company also increased its quarterly dividend.
Full articleSummary: Google plans to invest $2 billion to build a data center in northeastern Indiana that will help power its artificial intelligence technology and cloud business, while creating up to 200 new jobs.
Full articleSummary: US inflation is picking up over the past few months, with the Fed signaling that interest rates are likely to stay high for longer. Strong quarterly results raised the possibility of high inflation in March, with core PCE inflation increasing to around 3.7% in Q1. This inflation surprise, along with the resilient labor market, has led the Fed to consider holding rates high for longer.
Full articleSummary: Russell Investments Group Ltd. increased its holdings in Simon Property Group, Inc. by 7.5% in the 4th quarter, owning 1,653,052 shares worth $236,153,000. Other institutional investors also added to their stakes in the company. Simon Property Group announced a share buyback program of $2.00 billion, representing 4.2% of its stock.
Full articleSummary: Elon Musk's risk-taking behavior with Tesla Cybertruck may have gone too far with serious safety issues, rushed job design, problematic branding, breaking unbreakable windows, including defects in brakes, handling, noise, leaks, and accelerator pedals.
Full articleSummary: Washington State introduces a new program offering instant EV purchase or lease rebates up to $9,000, bringing down the price of a Model Y significantly. The rebate is stackable with federal tax credit and state sales tax rebate.
Full articleSummary: Top investors Jim Simons, Ray Dalio, and Israel Englander are big backers of the 'Magnificent Seven' tech stocks including Nvidia, Meta Platforms, and Alphabet.
Full articleSummary: TikTok faces uncertainty in the U.S. as President Biden signs a bill for ByteDance to divest within 9 months, Change Healthcare hack results in a massive theft of private health info, Tesla's profits drop 55% due to increased pressure from hybrid carmakers.
Full articleSummary: Alphabet Inc. closed above $2 trillion market capitalization for the first time as a powerhouse earnings report indicated strength in artificial intelligence, resulting in a $200 billion increase in market cap. The company's cloud-computing unit drove revenue beat, fueled by AI growth. Wall Street remains positive on the stock, with expectations of double-digit growth in earnings and revenue through 2026.
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