DEXWireNews

DEXWireNews

Stellantis (NYSE: NYSE:STLA ), the parent company of iconic brands such as Chrysler and Jeep, is facing a stormy outlook as the global automotive market is hammered by competition and declining industry dynamics. On Monday, the company shocked the market by issuing a profit warning and slashing its fiscal 2024 outlook, sending its stock plummeting by over 13% in...

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AT&T (NYSE: NYSE:T ) recently announced a monumental deal, selling its remaining 70% stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion. This move marks a decisive step for AT&T (NYSE: NYSE:T ), allowing the telecom giant to refocus its efforts on its core operations in wireless and fiber connectivity while continuing to stabilize...

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Nio Inc. (NYSE: NYSE:NIO ), the Chinese electric vehicle (EV) giant, has once again made headlines as its U.S.-listed stock surged to double-digit gains, spurred by a significant investment announcement and renewed optimism in China's stock market. The stock climbed over 15% in premarket trading on Monday, marking its biggest jump in nearly five months. In this...

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As Carnival Corporation (NYSE: CCL) prepares to report its Q3 earnings today, September 30th, 2024, before the market opens, investors are eager to see if the company can continue its positive momentum. Following a strong Q2 performance where Carnival beat analysts’ revenue estimates by 1.9%, the company has set high expectations for Q3. In this article, we will...

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IonQ (NYSE: NYSE:IONQ ), a leader in the quantum computing industry, continues its meteoric rise with the announcement of a $54.5 million contract with the United States Air Force Research Lab (AFRL). This contract, one of the largest U.S. quantum computing awards of 2024, cements IonQ's position as a key player in the rapidly growing quantum technology...

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Bristol Myers Squibb (NYSE: NYSE:BMY ) has taken a major leap forward in the pharmaceutical landscape with the recent FDA approval of its highly anticipated schizophrenia drug, Cobenfy. As the first novel treatment for schizophrenia in more than seven decades, Cobenfy brings hope to millions of patients while also potentially delivering significant growth for...

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Costco Wholesale (NASDAQ: NASDAQ:COST ) delivered a mixed bag in its latest fiscal fourth-quarter report, with earnings beating estimates but revenue coming in slightly below expectations. The company’s net income jumped 7% year-over-year to $2.35 billion, or $5.29 per share, topping analysts’ estimates of $5.08 per share. However, revenue rose by just 1% to...

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Super Micro Computer Inc. (NASDAQ: NASDAQ:SMCI ), a prominent player in the AI hardware space, saw its stock tumble by 15% on Thursday after reports surfaced that the U.S. Department of Justice (DOJ) has opened a federal investigation into the company. The probe, sparked by allegations of accounting manipulation and other improprieties, has sent shockwaves...

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Accenture (NYSE: NYSE:ACN ), a global leader in business management consulting and technology services, has recently made headlines after its fourth-quarter earnings report exceeded revenue expectations, driven primarily by its leadership in generative AI. With strong financial performance and promising technical indicators, the stock presents a compelling...

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Hamster Kombat ($HMSTR). Gets listed on Binance, the world’s largest cryptocurrency exchange, $HMSTR has captured the attention of traders and investors alike with its explosive price action and promising future potential. Bullish Surge and Market Performance The HMSTR/USDT pair has showcased remarkable performance in recent weeks, making waves in the crypto...

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Meta Platforms (NASDAQ: NASDAQ:META ) has been making waves in both the tech and stock markets as the company continues its growth trajectory with strong fundamentals and new product launches. Following a successful Connect 2024 conference, Meta's stock surged to an all-time high, driven by bullish investor sentiment around its cutting-edge innovations in AI,...

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Micron Technology (NASDAQ: NASDAQ:MU ) has made waves in the market following its fiscal fourth-quarter earnings, signaling a powerful comeback driven by robust demand in the AI sector. As a major supplier of memory chips, especially for Nvidia, Micron's performance not only beat Wall Street expectations but also positioned the company to achieve record-breaking...

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Duolingo (NASDAQ: NASDAQ:DUOL ), the global leader in mobile language learning, has just made waves with its latest AI-powered innovations, announced during its annual event, Duocon 2024. These updates mark a significant leap forward for the platform and position Duolingo as a front-runner in both education technology and artificial intelligence. AI-Powered...

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General Motors (NYSE: NYSE:GM ) stock took a significant hit following a downgrade by Morgan Stanley on Wednesday, as the investment bank lowered its rating from "Equal Weight" to "Underweight." Analyst Adam Jonas expressed concerns about rising competition from China, growing inventories, and the increasing costs tied to artificial intelligence (AI) integration...

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Binance is gearing up for yet another major token listing, with the highly anticipated Hamster Kombat ($HMSTR) set to debut on September 26. The platform’s Launchpool has already locked in over $14 billion, signaling immense market interest in this new Telegram-based play-to-earn (P2E) game. This massive figure marks a key milestone for Binance, showing both the...

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Micron Technology Inc. (NASDAQ: NASDAQ:MU ) is set to release its fiscal fourth-quarter earnings report after market close today, Wednesday, September 25, 2024. Investors are eagerly anticipating this report, as it could provide crucial insights into the state of the memory chip industry and the broader tech sector. Key Takeaways: - Analysts expect Micron...

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Despite beating revenue expectations, KB Home (NYSE: NYSE:KBH ) saw its stock drop sharply after its Q3 CY2024 earnings report. The homebuilder's robust revenue growth of 10% year-over-year, reaching $1.75 billion, coupled with strong net earnings per share ($2.04), failed to prevent a significant decline in after-hours trading, where shares dropped 6%. This...

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The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is entering its final phase, with the crypto community eagerly awaiting a conclusion. The lawsuit, which has kept XRP investors on edge, is now at a critical juncture as experts predict a 75% chance of an SEC appeal, potentially extending the case further and adding...