#nyse

Nike (NKE) has initiated a significant leadership change, announcing that CEO John Donahoe will retire on October 13, 2024, with longtime company veteran Elliott Hill stepping in as his successor. Hill, who retired from Nike in 2020, will officially take on the CEO role on October 14, 2024...

Palantir Technologies Inc. (NYSE: PLTR) has signed a significant multi-year, multi-million-dollar contract with Nebraska Medicine to revolutionize patient care using its cutting-edge Artificial Intelligence Platform (AIP). The partnership, which commenced in January 2024, is geared toward...

1. CPI Data Expected to Show Cooling Inflation The August Consumer Price Index (CPI) report is due, with economists forecasting a 2.6% year-over-year rise, down from July's 2.9%. This cooling inflation could pave the way for the Federal Reserve to cut rates during its upcoming meeting. 2. Trump...

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...

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...

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...

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...

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...

Nvidia Corp., a dominant force in AI chip manufacturing, is under intensified scrutiny by the U.S. Department of Justice (DOJ) as the agency escalates its antitrust investigation. The DOJ has issued subpoenas to Nvidia and other companies, seeking evidence of anti-competitive practices. This...

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...

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...

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%...

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...

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...

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...

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...

This week, investors are eagerly awaiting key events and earnings reports that could impact the markets. Key Events: Federal Reserve Comments: Investors anticipate remarks from Federal Reserve Chairman Jerome Powell on Friday at the Jackson Hole Economic Symposium, which may offer clarity on...

Overview: Walmart Inc. (WMT) shares surged over 7% on Thursday following the release of its second-quarter fiscal 2025 earnings report, which exceeded Wall Street's expectations and led the company to raise its full-year financial outlook. Despite a decline in net income, the retail giant’s...

Market Rebound: Stock futures rose on Thursday following a positive trading day on Wednesday for the major indexes, driven by encouraging U.S. inflation data. The Dow Jones gained 0.61%, the S&P 500 increased by 0.38%, and the Nasdaq Composite edged up by 0.03%. Inflation slowed to 2.9% in July...