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04/26/20247:47AMIHMARKETNEWSExxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings
Exxon Mobil (NYSE:XOM) – Shares of Exxon Mobil are down 1.7% in pre-market trading after reporting first-quarter earnings below forecasts, affected by pressure on refining margins and falling natural gas prices. Earnings per share were $2.06, versus the expected $2.20. Revenue exceeded expectations, totaling $83.08... More...>>
04/26/20247:47AMIHMARKETNEWSU.S. Futures Climb in Pre-Market Trading Amid Tech Gains and Upcoming Inflation Data
U.S. futures indicate a rise in pre-market trading this Friday, pointing to a recovery following significant declines on Thursday. This advance is partly due to impressive results from technology companies Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), and comes in anticipation of new inflation data to be released... More...>>
04/26/20246:00AMPRNUSThe Estée Lauder Companies and Microsoft increase collaboration to power prestige beauty with generative AI
The Estée Lauder Companies and Microsoft increase collaboration to power prestige beauty with generative AI PR Newswire NEW YORK and REDMOND, Wash., April 26, 2024 Companies to collaborate on an AI Innovation Lab enabling closer connections with consumers, driving greater speed to market and further enhancing local relevancy... More...>>
04/25/20244:40PMIHMARKETNEWSU.S. Stocks Climb Well Off Worst Levels But Close Mostly Lower
After moving sharply lower early in the session, stocks regained ground over the course of the trading day on Thursday but remained mostly lower. The major averages all finished the day in negative territory after ending Wednesday’s trading narrowly mixed. The Dow slumped 375.12 points or 1.0 percent to 38,085.80... More...>>
04/25/20244:10PMPRNUSMicrosoft earnings press release available on Investor Relations website
Microsoft earnings press release available on Investor Relations website PR Newswire REDMOND, Wash., April 25, 2024 REDMOND, Wash., April 25, 2024 /PRNewswire/ -- Microsoft Corp. on Thursday announced that fiscal year 2024 third-quarter financial results are available on its Investor Relations website. The direct link... More...>>
04/25/20247:53AMIHMARKETNEWSU.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast
U.S. index futures fell in pre-market trading on Thursday, particularly technology stocks, which saw a significant depreciation after Meta Platforms (NASDAQ:META) announced disheartening forecasts. At 6:44 AM, the Dow Jones DOWI:DJI) futures were down 257 points, or 0.66%. The S&P 500 futures fell by 0.64%, and the... More...>>
04/25/20247:48AMIHMARKETNEWSBHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News
BHP (NYSE:BHP), Anglo American (LSE:AAL) – BHP announced a $38.8 billion bid for Anglo American, boosting the latter’s shares by 12.4%. The proposal, aiming to create the world’s largest copper miner, offers a 31% premium to Anglo’s shareholders, who are reviewing the offer. The deal could trigger... More...>>
04/24/20247:28AMIHMARKETNEWSCoca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News
Coca-Cola (NYSE:KO) – Coca-Cola has signed a new five-year contract, worth US$1.1 billion, with Microsoft (NASDAQ:MSFT), utilizing its cloud computing and artificial intelligence services, including Azure OpenAI. The agreement aims to enhance Coca-Cola’s productivity with tools like Microsoft’s Copilot... More...>>
04/23/20245:00PMIHMARKETNEWSStocks Close On Firm Note For 2nd Straight Day On Earnings Hopes
U.S. stocks ended on a firm note on Tuesday, extending gains from previous session, with technology shares once again outperforming others, amid optimism about earnings. A batch of encouraging earnings updates, and slightly easing concerns about the outlook for interest rates helped underpin sentiment. The major averages... More...>>
04/23/20249:30AMPRNUSThe Coca-Cola Company and Microsoft announce five-year strategic partnership to accelerate cloud and generative AI initiatives
The Coca-Cola Company and Microsoft announce five-year strategic partnership to accelerate cloud and generative AI initiatives PR Newswire ATLANTA and REDMOND, Wash., April 23, 2024 ATLANTA and REDMOND, Wash., April 23, 2024 /PRNewswire/ -- Microsoft Corp. and The Coca-Cola Company on Tuesday announced a five-year strategic... More...>>
04/23/20249:11AMIHMARKETNEWSFutures Pointing To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to higher open on Tuesday, with stocks likely to extend the rebound seen in the previous session. Traders may continue to look to pick up stocks at relatively reduced levels amid a positive reaction to some of the latest corporate earnings news. Shares of General Motors... More...>>
04/23/20247:25AMIHMARKETNEWSApple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News
Apple (NASDAQ:AAPL) – Smartphone shipments from Apple in China fell 19% in the first quarter due to competition from Huawei. Its market share decreased to 15.7%, nearly matching that of Huawei, which saw a 70% increase in sales. Apple now ranks third, behind Vivo and Honor. Additionally, FIFA is close to a deal with... More...>>
04/22/20244:38PMIHMARKETNEWSU.S. Stocks Close On Bright Note Despite Coming Off Day’s Highs
U.S. stocks climbed higher on Monday with those from the technology sector turning in a fine performance, as traders indulged in some bargain hunting after recent losses. Easing worries about Middle East tensions helped underpin sentiment. The major averages all closed on a firm note. The Dow ended with a gain of 253.78... More...>>
04/22/20248:30AMPRNUSCognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation
Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation PR Newswire TEANECK, N.J., April 22, 2024 Expanded partnership will leverage Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise... More...>>
04/19/20244:32PMIHMARKETNEWSNasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances
With technology stocks under pressure, the Nasdaq showed a substantial move to the downside during trading on Friday, extending its recent losing streak. The S&P 500 also saw further downside, while the narrower Dow bucked the downtrend. The Nasdaq plunged 319.49 points or 2.1 percent to 15,282.01, closing lower for... More...>>
04/19/20247:31AMIHMARKETNEWSParamount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More
Paramount Global (NASDAQ:PARA), Sony (NYSE:SONY), Apollo Global Management (NYSE:APO) – Sony Pictures Entertainment and Apollo Global Management are in discussions for a joint bid for Paramount Global, aiming to take the company private. The bid would include cash for all outstanding shares. Sony would operate the... More...>>
04/18/20241:59PMIHMARKETNEWSTether’s Division Restructure, Aptos-Microsoft DeFi Collaboration, and More Crypto News
Tether restructures to expand presence in the digital assets market Tether (COIN:USDTUSD), the developer of the world’s largest stablecoin by market value, is expanding into broader areas of digital assets. The company has created four new divisions to diversify its operations: “Tether Finance” to manage... More...>>
04/18/20247:11AMIHMARKETNEWSApple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News
Apple (NASDAQ:AAPL) – Apple plans to invest over $250 million to expand its operations in Ang Mo Kio, Singapore, with two buildings acquired in 2022 undergoing a major upgrade. CEO Tim Cook emphasized the importance of connecting with the local community. Oracle (NYSE:ORCL) – Oracle announced on Wednesday an... More...>>
04/17/20246:57AMIHMARKETNEWSUnited Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News
United Airlines (NASDAQ:UAL) – United Airlines forecasts an adjusted profit of between $3.75 and $4.25 per share for the June quarter. In the first quarter, it posted an adjusted loss of 15 cents per share, better than Wall Street’s estimate of a 57-cent loss per share. The company reaffirmed its earnings estimate... More...>>
04/17/202412:14AMPRNCAMicrosoft investit 1,5 milliard de dollars dans G42 d'Abu Dhabi pour accélérer le développement de l'IA et l'expansion mondiale
Microsoft investit 1,5 milliard de dollars dans G42 d'Abu Dhabi pour accélérer le développement de l'IA et l'expansion mondiale Canada NewsWire ABU DHABI, Émirats arabes unis et DALLAS, 17 avril 2024 Cet investissement stratégique renforcera la position des Émirats arabes unis en tant... More...>>