Reported about 1 month ago
Ahead of its first quarter earnings report, analysts have updated their ratings and price targets for Microsoft, whose stock has underperformed recently, rising only 5% since late April compared to an 18.3% rise in the Nasdaq. Despite strong Azure revenue growth, Microsoft's performance has been hindered by underwhelming results and increasing capital expenditures. Analysts project earnings of $3.06 per share and revenues of $64.5 billion for the quarter, with expectations for improved performance in the second half of the fiscal year.
Source: YAHOO
Reported about 1 month ago
CME Group announced a significant increase in third-quarter profits, driven by heightened trading volumes as investors flocked to derivatives markets amidst U.S. monetary policy uncertainties and geopolitical tensions. The exchange recorded a remarkable 27% rise in average daily volumes, reaching 28.3 million contracts, with interest rate products witnessing a 36% surge. Overall revenues soared to $1.6 billion, surpassing expectations, while net income rose to $901.3 million. CEO Terry Duffy emphasized the ongoing global demand for risk management as a key driver of CME's record performance.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Mark Cuban expresses concerns regarding Elon Musk's potential involvement in a Trump Cabinet, emphasizing the importance of efficiency in government but questioning Musk's ability to manage his multiple business interests alongside governmental responsibilities. Cuban highlights the need for effective utilization of technology in improving government efficiency but is wary of a radical approach that could dismantle existing agencies.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Starbucks's new CEO, Brian Niccol, is contending with significant challenges as the company reported a shocking 10% drop in US comparable transactions and a 14% decline in same-store sales in China. The coffee chain's attempts to improve sales through in-app promotions and new products have fallen short, prompting the company to pull its full-year guidance for the first time.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
A Nigerian court ordered the release of Binance executive Tigran Gambaryan after the government dismissed money laundering charges against him, allowing for necessary medical treatment abroad. Gambaryan, who has been detained since February, was charged with laundering over $35 million, which he and the company deny. The Economic and Financial Crimes Commission plans to proceed with the case against Binance itself while separate tax evasion charges against the exchange remain.
Source: YAHOO
Reported about 1 month ago
Investors are anticipating a busy day of earnings announcements, with Boeing releasing results as workers prepare for a crucial labor vote and Coca-Cola also publishing its quarterly earnings amid consumer pressures. Meanwhile, McDonald's shares plummet after the CDC reports an E. coli outbreak linked to its quarter pounders, resulting in illnesses and one fatality. Other trending tickers on Yahoo Finance include Qualcomm, Starbucks, and Trump Media & Technology Group.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
The European Union's newly nominated head of tech sovereignty, Henna Virkkunen, plans to boost the use of artificial intelligence and disruptive technologies for military applications. She aims to propose an AI and Cloud Development Act to address the EU's productivity gap with China and the US, as current AI adoption among EU businesses is low. Additionally, she emphasizes the importance of protecting minors online amidst rising concerns over social media addiction and intends to support the development of the European Defence Union.
Source: YAHOO
Reported about 1 month ago
Nvidia CEO Jensen Huang announced that a design flaw affecting the production of Blackwell AI chips has been resolved with the assistance of Taiwanese partner TSMC. Although the flaw had previously delayed shipments, Huang stated it was fully Nvidia's responsibility, affecting client deliveries. The chips, which promise significant performance improvements, are now expected to ship in the fourth quarter following recovery efforts.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
The current AI arms race among major tech companies like Microsoft and Amazon is not focused on immediate returns but rather on securing a competitive edge through significant capital expenditures, projected to reach $206 billion this year. Analysts suggest that while these investments may contribute to short-term inflation, they are crucial for long-term productivity gains. Despite concerns over monetization, the long-term vision of these hyperscalers is driving their strategy, with the potential for job creation and economic growth.
Source: YAHOO
Reported about 1 month ago
Citi Wealth's chief strategist Steven Wieting discusses the potential for market volatility during election night as an attractive entry point for investors. He highlights how previous election nights have seen significant fluctuations in US equities and Treasury yields, suggesting that sharp market reactions to election results could create opportunities for long-term investors to capitalize on exaggerated sentiments.
Source: YAHOO
Reported about 1 month ago
The CEO of Nvidia, Jensen Huang, stated that the European Union is significantly behind the United States and China in artificial intelligence investments. While Europe has initiated comprehensive AI regulations, there are only a few AI companies in the region. During his visit to Copenhagen, Huang emphasized the need for the EU to accelerate its AI advancements and announced the launch of a new supercomputer designed to advance drug discovery and life sciences.
Source: YAHOO
Reported about 1 month ago
Wall Street experienced a decline as increased Treasury yields pressured major stocks, overshadowing investor confidence in potential rate cuts from the Federal Reserve. The S&P 500, Dow Jones, and Nasdaq all fell, with tech stocks suffering the most, while McDonald's and Coca-Cola also faced declines due to corporate news. Amid strong economic indicators and an upcoming election, investors are reassessing their strategies in this volatile market.
Source: YAHOO
Reported about 1 month ago
Tesla will begin selling its Powerwall home battery system in Japan through the Yamada Denki electronics store chain, according to reports from the Nikkei. The partnership aims to enhance the distribution of Tesla's home battery systems across Japan, leveraging Yamada's extensive network of around 1,000 stores.
Source: YAHOO
Reported about 1 month ago
Arm Holdings Plc has decided to cancel its architectural license with Qualcomm, escalating an ongoing legal dispute concerning chip designs essential for smartphones. The termination notice grants Qualcomm a 60-day period to resolve the issues that led to the cancellation. The conflict stems from allegations of breach of contract and trademark infringement by Arm and raises significant risk for both companies, potentially affecting Qualcomm's substantial revenue from processor sales. As both firms prepare for a trial in December, the situation underscores shifts in their relationship, where once partners are now veering towards competition.
Source: YAHOO
Reported about 1 month ago
The nominee for the EU's next antitrust chief, Teresa Ribera, has committed to enhancing the European Union's efforts to regulate Big Tech and curb unfair foreign subsidies. Ribera aims to strengthen enforcement of the Digital Markets Act (DMA), which mandates easier consumer choices among tech services and targets major firms like Alphabet and Apple as 'gatekeepers.' She emphasizes the need for quicker antitrust investigations and protection for smaller businesses against competitive threats, while also advocating for reforms in state aid and foreign subsidies regulation to combat unfair competition, particularly from subsidized Chinese firms.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Italy's ABI president, Antonio Patuelli, emphasized the importance of the European Central Bank's independence in M&A decisions, arguing that any interference could undermine the legitimacy of the banking union. His comments come amid opposition in Germany to UniCredit's potential acquisition of Commerzbank, which relies on ECB approval.
Source: YAHOO