Stocks were little changed on Tuesday as investors paused following a strong rally in the previous session and weighed a wave of fresh corporate earnings. The Dow Jones Industrial Average rose 49 points, or 0.1%, while the S&P 500 also added 0.1%. The Nasdaq Composite slipped 0.1%. A series of stronger-than-expected earnings from major companies […]
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A flurry of political and corporate developments shaped the US and global landscape on Tuesday, as diplomatic tensions between Washington and Moscow disrupted summit plans, Warner Bros. Discovery (WBD) explored a possible sale amid strategic shifts, and General Motors (GM) shares surged following robust quarterly results. Meanwhile, US President Donald Trump renewed attacks on Democrats […]
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Elon Musk, the world’s richest person, used the closing minutes of Tesla Inc.’s quarterly earnings call to launch a fiery defence of his proposed $1 trillion pay package, lashing out at proxy advisory firms that have urged shareholders to vote against the plan. In a characteristically unscripted moment on Wednesday, Musk interrupted his chief financial […]
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Tesla stock (Nasdaq: TSLA) tumbled around 6% at open on Thursday, following a disappointing third-quarter earnings report that revealed a significant profit decline despite achieving record revenue. The company reported adjusted earnings of 50 cents per share, below Wall Street’s estimate of 54 cents, making it the fourth quarter in a row that it has […]
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Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the logo of Prince Holding Group, a conglomerate headed by Chen Zhi, a China-born entrepreneur who had reinvented himself as a Cambodian philanthropist and developer. The […]
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Bill Winters, the CEO of Standard Chartered, believes the future of money will be fully digital and built on blockchain infrastructure. Speaking at the Hong Kong FinTech Week, reports CNBC, Winters said that “pretty much all transactions will settle on blockchains eventually,” signalling a radical shift in how global finance could operate. The statement reflects […]
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MSTR stock price has crashed this year and is now hovering at its lowest level since April. Strategy has plunged by over 42% from its highest level this year, and its technicals and fundamentals points to more downside in the near term. MSTR stock price technicals points to more downside The daily timeframe chart shows […]
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Tapestry Inc., the parent company of Coach and Kate Spade, reported record quarterly revenue and stronger-than-expected earnings on Thursday. However, despite the upbeat financial performance and raised full-year guidance, shares of the luxury retailer tumbled as investors expressed disappointment over the company’s growth outlook and ongoing challenges at its Kate Spade brand. Record quarter led […]
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Brighthouse Financial stock (NASDAQ: BHF) surged 26% on Thursday after the Charlotte-based life insurer announced a definitive merger agreement with Aquarian Capital for $70 per share in an all-cash transaction valued at approximately $4.1 billion. The offer represents a 35.1% premium to Brighthouse’s closing price of $51.80 on Wednesday and a 37.7% premium over its […]
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Nvidia stock was volatile on Thursday after Chief Executive Jensen Huang cautioned that Chinese chipmakers are rapidly catching up to US firms in artificial intelligence capabilities, a warning that rattled investor confidence in the AI trade. The stock opened slightly higher, up 0.5% in early trading, before losing ground following a 2% decline on Wednesday. […]
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