DEXWireNews

DEXWireNews

Spirit AeroSystems ( NYSE:SPR ), an aerospace supplier, has announced plans to lay off up to 450 employees in the coming weeks due to slower delivery rates on commercial aircraft. The company is also in talks to be acquired by Boeing, which it spun off from in 2005. Spirit AeroSystems makes fuselages at its Wichita facility for Boeing's bestselling 737 Max plane,...

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Reddit shares rose 14% on Friday following a partnership with artificial intelligence firm OpenAI, which is expected to attract more users and increase advertising revenue. The partnership allows Reddit to leverage OpenAI's technology to build tools and features, and integrate Reddit's content in real-time. This pact delivers on Reddit's "IPO promise of seizing...

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Notcoin ( GETTEX:NOT ), a play-to-earn clicker gaming application on Telegram, has launched its airdrop, distributing over 80 billion GETTEX:NOT tokens among its community members on The Open Network blockchain. Over 90% of the tokens have been allocated to "miners," with the remaining 7.9 billion being redeemable from non-fungible token (NFT) vouchers. The...

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American International Group ( NYSE:AIG ) has announced plans to sell a 20% stake in Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion. The move is part of NYSE:AIG 's efforts to reduce its holdings in the life and retirement business, which it had listed as a separate company in 2022. NYSE:AIG will sell 120 million shares at an average...

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Alibaba stock ( NYSE:BABA ) saw a 7.66% gain in afternoon trading on Thursday, thanks to a revenue beat from JD.com. Despite the slight revenue boost, Alibaba's earnings and revenue growth accelerated slightly from the prior quarter, up 13% and 2%, respectively. On an adjusted basis, Alibaba ( NYSE:BABA ) earned $1.40 a share, down 10% year over year, while...

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Chubb shares ( NYSE:CB ) jumped over 8% in late trade on Wednesday after Warren Buffett's Berkshire Hathaway revealed a $6.7 billion stake in the Zurich-based insurer. Buffett recently told shareholders that property-casualty insurance provides the core of Berkshire's well-being and growth. Berkshire had been building its position in Chubb since 2023, but had not...

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Uber Technologies (UBER) announced six new products and features at its fourth annual Go-Get event, including a discounted Uber One membership for college students and an international rollout of Uber Eats delivery service of Costco ( NASDAQ:COST ) products. The ridesharing giant also announced new features for Uber Eats and Health, along with new ways to reserve...

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Baidu ( NASDAQ:BIDU ), a leading AI company with a strong Internet foundation, announced its unaudited financial results for the first quarter ended March 31, 2024. The company's online marketing revenue remained stable, while the end-to-end optimization of its AI technology stack continued to propel the growth of AI Cloud revenue during the quarter. Robin Li,...

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Cisco Systems ( NASDAQ:CSCO ) reported better-than-expected revenue in its third-quarter earnings announcement and raised its full-year revenue guidance. The company's revenue for the fourth quarter of fiscal 2024 was $12.7 billion, a 13% year-over-year decline but higher than analysts anticipated. Net income came in at $1.88 billion or 46 cents per share, down...

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MicroStrategy ( NASDAQ:MSTR ), recognized as the world's largest corporate holder of Bitcoin, has recently been included in the MSCI World Stock Index, which has significantly enhanced the liquidity of its stocks. The company's stock price has consistently outperformed Bitcoin's price over the past year and into early 2024. Notably, on May 14, the NASDAQ:MSTR ...

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Alset Capital Inc. has announced that Cedarcross International Technologies Inc. has signed a $26 million contract with an arm's length counterparty to distribute 64 Nvidia H100 HGX 8GPU servers, generating $26 million in revenue for Cedarcross. Nvidia's H100 GPU Servers are used in "Transformational AI Training", offering up to 7x higher performance for High...

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Walmart ( NYSE:WMT ) reported Q1 FY 2025 earnings, which were positive and largely beat analysts' expectations, with income up almost 10%. The company is betting on easing inflation to boost demand for essentials and bring a rebound in sales of discretionary products like apparel and electronics. Shares of the Bentonville, Arkansas-based company were up 6% in...

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Kraken, a US-based exchange, has introduced Perpetual Futures Trading for Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ), causing a 13% increase in its price. This move has given SEED_DONKEYDAN_MARKET_CAP:FLOKI a mature reputation in the digital currency world and increased trading possibilities. Kraken's decision to include FLOKI in its trading environment signifies...

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Worldcoin's ( MIL:WLD ) price surged by 6% following the introduction of a state-of-the-art Secure Multi-Party Computation (SMPC) system, developed in collaboration with TACEO. This technology ensures enhanced privacy and security for users' biometric data. The Worldcoin Foundation and TACEO have made significant strides in biometric template protection,...

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Dell Technologies ( NYSE:DELL ) has risen 9.45% to a record high after being called "the best way to play" in the artificial intelligence infrastructure buildout, according to Morgan Stanley analyst Erik Woodring. Dell stock ( NYSE:DELL ) surged 9.36% to 146.66 in midday trades on the stock market today. Woodring said Dell is benefiting from AI server sales...

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Robinhood ( NASDAQ:HOOD ) has achieved record revenues and profitability in Q1 2024, driven by growth in cryptocurrency, options, and equities trading. The company's earnings report for Q1 2024 showed a 40% increase in total net revenues, primarily driven by transaction-based revenues. Cryptocurrency trading revenues soared by 232% to reach $126 million,...

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Boeing ( NYSE:BA ) has breached an agreement with the Justice Department over the 737 Max crashes that killed 346 people in 2018 and 2019, potentially leading to prosecution. The 2021 Deferred Prosecution Agreement (DPA) meant Boeing ( NYSE:BA ) didn't face charges related to the deaths of 346 people in two 737 Max 8 crashes in 2018 and 2019. Boeing ( NYSE:BA )...

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Monday.com ( NASDAQ:MNDY ) reported first-quarter earnings and revenue that topped estimates, with the software maker's revenue guidance for the stock edged by views. The company reported a profit of 61 cents a share on an adjusted basis for the quarter ending March 31, up 335% from the previous year. Revenue rose 34% to $26.9 million, beating analysts'...