DEXWireNews

DEXWireNews

Apple ( NASDAQ:AAPL ) has emerged as the talk of tech town ahead of WWDC24, with reports claiming the company is in partnership with OpenAI for AI integration into iOS and macOS models. Although no official statement by the firms has surfaced in the market, the news has taken the industry by storm. Apple remains poised to unveil AI features in the upcoming WWDC,...

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Notcoin ( GETTEX:NOT ) has seen a significant price rally, reaching an all-time high with 150% weekly gains. The Telegram-based cryptocurrency has surpassed popular meme coins like Shiba Inu, BONK, and Pepe Coin in terms of on-chain holders. However, the Notcoin ( GETTEX:NOT ) Relative Strength Index (RSI) levels indicate that it is currently overbought, with a...

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UiPath ( NYSE:PATH ) shares plummeted 34.75% following an unexpected CEO shakeup and weak sales guidance. CEO Rob Enslin is stepping down on June 1 and will be replaced by co-founder Daniel Dines, who had resigned as co-CEO on January 31. The company cited a softening macroeconomic environment and the leadership transition for its weaker-than-expected sales...

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HP Inc. ( NYSE:HPQ ) beat Wall Street estimates for second-quarter revenue, signaling a recovery in the personal computer (PC) market as customers upgrade their systems. HP experienced a boom in sales during the pandemic and a subsequent two-year sales slump, which is now easing. The company is hoping to ride a wave of upgrades after Microsoft unveiled new AI...

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Salesforce ( NYSE:CRM ) shares plunged more than 44% in pre-market trading on Wednesday after the company reported its first quarterly revenue miss in 18 years and issued weak annual guidance. The cloud software maker's current Remaining Performance Obligation (cRPO) metric, which combines deferred revenue and order backlog, indicates slowing momentum. Salesforce...

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Agilent Technologies Inc. (NYSE: NYSE:A ) reported a revenue of $1.57 billion for the second quarter of fiscal year 2024, down 8.4% reported and 7.4% core compared to the second quarter of 2023. GAAP net income was $308 million, with earnings per share (EPS) of $1.05, up 3% from the second quarter of 2023. Non-GAAP(2) net income was $356 million, with EPS of...

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On Wednesday, volatility surged back into the market, with the CBOE Volatility Index (VIX) spiking 9% after hitting nearly three-year lows last week. The yield on the 30-year Treasury note, a crucial benchmark for mortgage rates nationwide, soared to 4.74%, rising more than 15 basis points over two sessions and nearing its highest close since May 2. As yields...

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Abercrombie & Fitch ( NYSE:ANF ) shares rose 23.27% to an all-time high on Wednesday as the clothing retailer's first-quarter results exceeded estimates and raised its guidance. The company reported quarterly net income of $113.9 million, nearly seven times greater than a year ago, with earnings per share (EPS) of $2.14, up from $0.32 in 2023. Revenue jumped 22%...

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AST SpaceMobile ( NASDAQ:ASTS ) shares have surged more than 50% on Wednesday, reaching their highest level since November 2022. The satellite communication company announced a new direct-to-cellular tie-up with Verizon Communications, which allows it to target 100% coverage of the continental United States from space on premium 850 MHz cellular spectrum. Verizon...

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PayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ) has gone live on the Solana blockchain, marking a significant expansion beyond the Ethereum ecosystem. This collaboration between PayPal and Solana ( CRYPTOCAP:SOL ) offers millions of users guaranteed access to the token with guaranteed speed. The integration allows PayPal to leverage Solana ( CRYPTOCAP:SOL ) and the...

DEXWireNews

Economic indicators are crucial for policymakers, advisors, investors, and businesses to make informed decisions regarding business strategies and financial markets. In the week ending May 23, the SPDR S&P 500 ETF Trust (SPY) fell 0.52%, while the Invesco S&P 500 Equal Weight ETF (RSP) was down 1.75%. This article examines three indicators from last week —...

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Chewy stock ( NYSE:CHWY ) surged 25.37% on the first quarter 2024 financial result, following a strong Q1 2024 earnings report that beat Wall Street estimates and an increase in Autoship sales. The company reported adjusted earnings of 31 cents a share on revenue of $2.88 billion for the quarter ended April 28, beating analysts' expectations of 20 cents a share on...

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ConocoPhillips has agreed to buy Marathon Oil ( NYSE:MRO ) in an all-stock transaction worth $17 billion, bolstering its shale assets as the broader oil and gas industry undergoes a wave of consolidation. The deal will add 2 billion barrels of resources to ConocoPhillips' inventory in the U.S., extending the company's reach across shale fields in Texas, New...

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Dogwifhat ( CRYPTOCAP:WIF ) has recorded 12% gains for the second day in a row, with daily trading volume crossing $1.5 billion in the latest rally. The number of CRYPTOCAP:WIF holders increased by 6.7% in the past 30 days. If the price closes above the $4 mark, it could confirm a bullish breakout, potentially driving CRYPTOCAP:WIF to new highs above $5 by the...

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CAVA Group, Inc., ( NYSE:CAVA ) a Mediterranean fast-casual restaurant brand, has reported its first quarter 2024 financial results. The company's revenue growth of 30.3%, including the same restaurant sales growth of 2.3%, was driven by its highly portable Mediterranean concept and powerful unit economic engine. The company opened 14 new restaurants during the...

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HEICO Corporation ( NYSE:HEI ) reported a record increase in net income of 17% to $123.1 million in the second quarter of fiscal 2024, up from $105.1 million in the same period in 2023. The company also saw a 20% increase in net income to $237.8 million in the first six months of fiscal 2024, up from $198.1 million in the same period in 2023. Net sales increased...

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Advance Micro Devices ( NASDAQ:AMD ), a leading player in the server CPU market, claims a 33% share. The company is preparing to launch its next-gen "Turin" processors and unveils a GPU roadmap following the MI300 product line. NASDAQ:AMD 's CFO, Jean Hu, highlighted the company's growth in servers, CPUs, and GPUs, highlighting partnerships with Microsoft and...

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Bitcoin mining giant Riot Platforms ( NASDAQ:RIOT ) plans to acquire Bitfarms Ltd. for $950 million, signaling a significant consolidation trend in the sector after the Bitcoin halving event. Riot aims to take over Bitfarms after acquiring a 9.25% stake, offering $950 million in cash and stock, marking a pivotal moment in the industry's evolution. The proposed...