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Search results for: "Wall+Street". 39 articles found.
These Wall Street and tech titans need more than likes to get control of the app.
Tech Meme - 1 hour 17 min agoBen Glickman / Wall Street Journal : The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a "megafab" in New York and Idaho over the next 20 years — Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government …...
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.
Posco said higher raw material prices weighed on earnings amid a slowdown in the industry, though increased steel product prices cushioned the fall in its operating profit.
Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.
South Korea's biggest automaker said net profit for the quarter ended March fell 1.3% and warned of intense competition and rising marketing costs.
Nestle's first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.
The mining giant has offered to buy its longtime rival with a market cap of about $35 billion, in a deal that could reshape the global mining industry.
Tech Meme - 3 hours 57 min agoWall Street Journal : Sources: ByteDance execs have previously considered TikTok's global operations to be worth ~50% of the company's overall value, which would put it above $100B — The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm...
Swedbank's earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with regulators over money laundering.
Dassault Systemes confirmed its full-year financial forecasts after posting a 5% increase in operating profits for the first three months.
Hipgnosis, home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.5 billion takeover by Concord Chorus, trumping an approach from Blackstone.
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.
The Wall Street Journal reporter Evan Gershkovich, inside a glass cage in a courtroom in Moscow on Tuesday, must stay in a prison there, a court ruled.
NPR CEO Katherine Maher told the Wall Street Journal that she rejected her critics' claims, arguing they have deliberately misinterpreted her past statements.
Quartz - 13 hours 3 min agoMeta stock plummeted more than 16% in after-hours trading Wednesday, even as the Facebook parent company reported better-than-anticipated sales . Read more...
Tech Meme - 13 hours 47 min agoBen Glickman / Wall Street Journal : IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024 — IBM will pay $35 a share for the cloud-software company in cash, giving it access to HashiCorp's roster of some 4,400 clients...
U.S. stocks drifted to a mixed finish. The S&P 500 closed little changed Wednesday after a two-day winning streak erased nearly two-thirds of last week's steep loss. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite edged up 0.1%. Tesla jumped after saying the night before that it would accelerate production of more affordable vehicles. Norfolk Southern stumbled after reporting weaker results than expected, as did Teledyne Technologies. Treasury yields rose in the bond market...
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp's roster of some 4,400 clients.
Wall Street Journal reporter, held since March 2023 on espionage allegations, to remain in Russian jail for at least two more months American journalist Evan Gershkovich, who was arrested over a year ago in Russia, will remain in jail for at least two more months after a Moscow court rejected his appeal against his detention. Gershkovich, a 32-year-old reporter for the Wall Street Journal, has been held in the Lefortovo prison on the outskirts of Moscow since March 2023 on allegations by the Russian...
Hasbro and Mattel stock are up, despite reporting that sales declined in the first quarter. Hasbro's revenue plunged 24% but Wall Street expected an even greater drop.
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