DEXWireNews

DEXWireNews

Visa Inc. (NYSE: NYSE:V ), the world's largest payment processing company, has come under pressure as reports surface that the U.S. Department of Justice (DOJ) is preparing to file an antitrust lawsuit against the company. The allegations center around monopolistic practices in the U.S. debit card market, accusing Visa of using its dominant position to hinder...

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Alibaba (NYSE: NYSE:BABA ) saw its American depositary receipts surge by 5% in premarket trading on Tuesday following significant news of China’s central bank stimulus and a strategic partnership with Nvidia, pushing optimism for the e-commerce giant's growth prospects. The People's Bank of China (PBoC) slashed key interest rates and injected liquidity into the...

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AutoZone, Inc. (NYSE: NYSE:AZO ), the leading auto parts and accessories retailer, is set to report its third-quarter results today, Tuesday, September 24th, 2024, before the market opens. Investors and analysts alike are closely watching for key insights into the company’s performance, as the automotive retail sector braces for a pivotal earnings season....

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Super Micro Computer Inc. (NASDAQ: NASDAQ:SMCI ) is navigating turbulent waters as the company faces a class action lawsuit alleging violations of federal securities laws. The Schall Law Firm, a national shareholder rights litigation firm, has filed a lawsuit against Super Micro for potential violations of Sections 10(b) and 20(a) of the Securities Exchange Act...

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POET Technologies Inc. (NASDAQ: NASDAQ:POET ) has partnered with Mitsubishi Electric Corporation to co-develop next-generation 1.6T and 3.2T optical engine chipsets. These highly advanced optical chipsets, designed for pluggable transceivers, will enhance data connectivity in the rapidly expanding artificial intelligence (AI) and hyperscale data center markets....

DEXWireNews

Introduction: In the rapidly evolving world of cryptocurrencies, unique projects often stand out due to their innovative nature and commitment to societal impact. One such project is "Fable Of The Dragon," which not only leverages blockchain technology for security and transparency but also aims to contribute significantly to anti-aging research and community...

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In a bold move to address the growing energy demands of the tech sector, Constellation Energy (NASDAQ: NASDAQ:CEG ) announced plans to restart the Unit 1 reactor of the historic Three Mile Island nuclear plant. The power generated from this reactor will be sold to Microsoft under a groundbreaking 20-year agreement, marking a major development in the energy and...

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Shares of Trump Media & Technology Group (NASDAQ: NASDAQ:DJT ), the parent company of Truth Social, continue to slide, dropping another 6.19% on Friday. Since its public debut, the stock has faced turbulent waters, once reaching highs of $70 but now sitting around $14.70. So, what’s driving this steep decline? The Lock-Up Period Ends, Investors Brace for...

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Nike Inc., (NYSE: NYSE:NKE ) the global sports apparel giant, has made a pivotal decision in naming Elliott Hill as its new President and CEO, effective October 14, 2024. The announcement comes at a time when Nike (NYSE: NYSE:NKE ) is navigating market headwinds, including stiff competition and a necessary internal restructuring. Hill, who has been a Nike...

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FedEx Corp (NYSE: NYSE:FDX ) witnessed a significant 13.28% tumble in its stock price as weak demand for high-margin priority delivery services led the company to slash its annual revenue forecast. This drop has raised concerns among investors, highlighting challenges faced by the global logistics giant. But is this decline a buying opportunity? Let’s break down...

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Polkadot’s ( CRYPTOCAP:DOT ) price surged by 8% following the launch of "Agile Coretime," a key component of the Polkadot 2.0 upgrade. This groundbreaking update introduces dynamic blockspace allocation, slashing costs and providing developers with enhanced flexibility. The market has responded positively, with technical indicators hinting at the possibility of a...

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PayPal (NASDAQ: NASDAQ:PYPL ) continues to make significant strides, as demonstrated by its recent partnership with Amazon, which is propelling the stock's impressive rally. In its latest update, Amazon announced the integration of PayPal into its *Buy with Prime* feature, allowing shoppers to pay using PayPal while leveraging Amazon’s Prime benefits. This...

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On Thursday, Meta (NASDAQ: NASDAQ:META ), along with Spotify and several other tech companies, voiced strong criticisms against the European Union’s approach to data privacy and artificial intelligence (AI) regulation. In an open letter, these firms, along with researchers and industry bodies, claimed that the EU's decision-making has become "fragmented and...

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In a bold move that underscores its commitment to innovation, Alibaba (NYSE: NYSE:BABA ) has unveiled over 100 new open-source artificial intelligence models, including a cutting-edge text-to-video generation tool. As the tech giant seeks to outpace both domestic and international rivals, this new release reflects its ambition to lead the global AI race. AI...

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Steelcase Inc. (NYSE: NYSE:SCS ), a leader in workplace furniture, reported strong second-quarter fiscal 2025 results, showcasing improvements across key financial metrics. Despite this, the stock saw a sharp decline of nearly 8% in premarket trading, signaling potential bearish sentiment on the horizon. Fundamental Overview: Strong Financial...

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Amazon (NASDAQ: NASDAQ:AMZN ) recently announced a series of moves aimed at benefiting its U.S. warehouse and transportation workers, while also preparing for the crucial holiday season. The e-commerce giant is boosting its average hourly wage for warehouse employees to over $22 per hour, up from around $20.50, in response to labor demands and to improve worker...

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Snap Inc. (NASDAQ: NYSE:SNAP ), the parent company of Snapchat, has introduced its latest innovation: the fifth-generation **Spectacles** – high-tech, augmented-reality (AR) glasses priced at $1,200. This bold move marks the company’s continuing efforts to lead the AR space, which many believe will be one of the next frontiers in tech. However, the reaction has...

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Odyssey Marine Exploration (NASDAQ: OMEX) has reported a major win in its ongoing arbitration case with the United Mexican States under Chapter Eleven of the North American Free Trade Agreement (NAFTA). The International Centre for Settlement of Investment Disputes (ICSID) awarded Odyssey $37.1 million, plus interest and fees, following a wrongful denial of their...