Stockmarket News - LeadStory

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Trump's media company valued at $8 bn on debut

Trump's media company valued at $8 bn on debut

Trump Media & Technology Group shares surged more than 36% in their debut on the Nasdaq that comes more than two years since its merger with a blank-check firm was announced.

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McDonald's to start selling Krispy Kreme doughnuts

McDonald's to start selling Krispy Kreme doughnuts

Krispy Kreme shares soared the most since July 2021 after McDonald's agreed to bring the chain's doughnuts to restaurants across the U.S. Krispy Kreme's doughnuts will first become available at some McDonald's later this year and a natio...

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Trump's Truth Social stock surges on first day of trading

Trump's Truth Social stock surges on first day of trading

Former President Donald Trump's social media startup went public and is trading under the ticker DJT. Shares of Trump Media & Technology Group Corporation jumped as much as 58% before paring gains and triggering a brief volatility-relate...

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FedEx stock surges after company announces $5 billion buyback

FedEx stock surges after company announces $5 billion buyback

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts help boost profits, a move that has sent the courier's stock soaring.

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Federal Reserve leaves interest rates unchanged

Federal Reserve leaves interest rates unchanged

Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in 2025 following a recent uptick in inflation. The FOMC left the benchmark rate in a range of 5.25% to 5.5%.

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Nvidia announces next generation of A.I. chips

Nvidia announces next generation of A.I. chips

Nvidia announced its next generation of AI chips at the company's annual GTC conference. In his keynote address, Nvidia CEO Jensen Huang called the newly launched Blackwell line "more of a platform." The new line provides a significant u...

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Apple in talks to license Google's Gemini A.I. tool

Apple in talks to license Google's Gemini A.I. tool

Apple is in talks to potentially license Alphabet's AI Tool Google Gemini. That's according to Bloomberg. The companies are reportedly in 'active negotiations' about Apple licensing Gemini to power AI features in the upcoming IOS 18 late...

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Reddit seeks to raise $748 million in long-awaited I.P.O.

Reddit seeks to raise $748 million in long-awaited I.P.O.

Reddit and some existing shareholders are seeking to raise as much as $748 million in what could be one of the year's biggest initial public offerings. A filing Monday showed Reddit and the holders are planning to sell 22 million shares ...

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Novo Nordisk's market valuation surges past Tesla

Novo Nordisk's market valuation surges past Tesla

Novo Nordisk's market value has surged past Tesla's, driven by early trial results for it's new weight loss pill. The Danish company's shares soared 8%, reaching a record high after the company's latest pill showed a remarkable 13 point ...

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Boeing stock dips after a very bad week

Boeing stock dips after a very bad week

A United Airlines Holdings Inc. aircraft ran off the taxiway into a grassy area after landing at Houston on Friday, marking the third headline-grabbing incident this week involving the carrier's Boeing Co. planes.

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Stock plunges after Oprah Winfrey leaves Weight Watchers board

Stock plunges after Oprah Winfrey leaves Weight Watchers board

After serving on the board for almost a decade, Oprah Winfrey has parted ways with WeightWatchers. The news sent the company's stock into a tailspin this week. Now, the future of weight loss companies hangs in the balance as weight loss ...

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Apple shutters electric car division

Apple shutters electric car division

Reports say that Apple has ended a decade-long effort to build an electric car, ending a project that some saw as potentially transformative for the automobile industry.

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Cathie Wood reduces exposure to Nvidia

Cathie Wood reduces exposure to Nvidia

Cathie Wood sold shares of Taiwan Semiconductor Manufacturing Corp. for the first time in more than two years, adding to moves to cut exposure in the chipmaker's key customer Nvidia.

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Alcoa makes $2.2 billion bid to acquire Australian partner

Alcoa makes $2.2 billion bid to acquire Australian partner

Alcoa offered $2.2 billion to acquire its Australian joint-venture partner Alumina to consolidate ownership of key upstream assets.

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Nvidia earnings show strength of A.I. in tech sector

Nvidia earnings show strength of A.I. in tech sector

Nvidia earnings beat expectations this week and the stock could eventually reach four digits. Dan Ives breaks down what this means for the rest of the technology sector, which has been driven by the adoption of A.I. tools.

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Nvidia stock dips after revenue beat

Nvidia stock dips after revenue beat

Nvidia's revenue in the current period will be about $24 billion. Analysts had predicted $21.9 billion on average. "Accelerated computing and generative AI have hit the tipping point," CEO Jensen Huang said in a statement.

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Deere cuts profit outlook for 2024

Deere cuts profit outlook for 2024

Deere & Co., famous for the iconic John Deere tractor, trimmed its profit outlook for this year as tumbling crop prices give farmers less money to use on equipment purchases.

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Coca-Cola raised prices by 9% in 2023

Coca-Cola raised prices by 9% in 2023

Coca-Cola raised prices by 9% in the fourth quarter, which helped its full-year outlook beat estimates. Looking ahead, Coca-Cola will release its first new permanent flavor in several years, a raspberry-flavored drink called Coca-Cola Sp...

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Estée Lauder stock soars on news of 3,000 job cuts

Estée Lauder stock soars on news of 3,000 job cuts

Estée Lauder said it's cutting as many as 3,000 positions, or between 3% and 5% of their total workforce, as part of a restructuring plan to put one of the world's largest beauty companies back on track.

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Snap Inc. reduces workforce by 10% amid ad slump

Snap Inc. reduces workforce by 10% amid ad slump

Snap Inc., the company behind Snapchat, is reducing its workforce by roughly 10% worldwide. The cuts are being made to "best position our business to execute on our highest priorities," Snap said in a filing, though analyst say the cuts ...

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McDonald's earnings hurt by Middle East boycotts

McDonald's earnings hurt by Middle East boycotts

Sales at McDonald's are slowing down. Earnings missed estimates for the fourth quarter, hurt in part by the war in Israel and widespread boycotts against the restaurant chain in response to their handling of the Israel-Palestine conflict.

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Exxon, Chevron stocks rise on solid earnings calls

Exxon, Chevron stocks rise on solid earnings calls

Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices. Both stocks rose in early trading.

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Bitcoin rallies above $41,000

Bitcoin rallies above $41,000

Bitcoin approached $42,000 amid a slowdown in outflows from the $20 billion Grayscale Bitcoin Trust that strategists said may help to stanch a two-week slump in the token.

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'Terrible': How market predictions missed the mark

'Terrible': How market predictions missed the mark

Expert predictions about global economic developments during 2023, and what would happen in markets, were mostly proven incorrect. Even the 'smartest' investors, hedge funds were caught out in 2023.

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How generative AI could change Wall Street

How generative AI could change Wall Street

Jan Szilagyi, co-founder and chief executive officer of Toggle AI, a generative artificial intelligence fintech startup that uses machine learning to turn institutional-grade data into insights for investors, discusses what generative an...

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Musk warns of more blows to Tesla's profitability

Musk warns of more blows to Tesla's profitability

Tesla's CEO warned warned of more hits to the carmaker's already-shrinking profitability, and that it will have to keep lowering the prices of its EVs if interest rates continue to rise. Defiance ETFs CIO Sylvia Jablonski joins Caroline ...

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BlackRock bets big on artificial intelligence

BlackRock bets big on artificial intelligence

BlackRock International Global Chief Investment Strategist Wei Li discusses the firm's midyear report and bullish call for artificial intelligence related assets on "Bloomberg Surveillance."

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Impact of AI on the economy

Impact of AI on the economy

Nigel Vaz, CEO of Publicis Sapient, a leading digital consultancy that helps JPMorgan, Walmart, McDonald's and Marriott transform digitally, joins Caroline Hyde and Ed Ludlow to discuss the impact of generative AI on the economy, and how...

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Apple shares hit all-time high

Apple shares hit all-time high

Apple Inc. set a fresh all-time high on Monday ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.

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Ailing First Republic Bank acquired by JP Morgan

Ailing First Republic Bank acquired by JP Morgan

JP Morgan Chase & Co. has won the bidding war for First Republic Bank, acquiring the ailing business after rescue efforts failed to undo the damage from wrong-way investments.