Movers & Shakers on the Heels of Nvidia S Blockbuster Day Marvell Stock Boosted by Ai Revenue Expectations while Gap Rallies on Surprise Profit
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US stocks rally as cooling labour market boosts rate cut hopes
Futures markets lean towards Fed acting in September after just 175,000 jobs were added in AprilFinancial Times - World -
What the U.S. dollar’s ‘surprise’ rally in 2024 means for stocks
The strengthening U.S. dollar is raising investor worries over what the greenback’s rise so far in 2024 may mean for stocks.MarketWatch - Business -
Nikola’s stock drops as revenue fell to less than half what was expected
Nikola’s stock dropped premarket Tuesday, reversing a brief gain, after the electric-truck maker reported first-quarter revenue that fell to less than half what was expected, offsetting a narrower-than-expected loss.MarketWatch - Business -
Palantir logs earnings beat, but stock cools down in the wake of sharp rally
Palantir Technologies Inc. shares ran up on Monday ahead of the software company’s latest earnings report, but they were giving back those gains in the extended session after the results came out.MarketWatch - Business -
UBS Stock Rallies After Bank Swings Back to Profit
The Swiss bank posted a $1.8 billion net profit in the first quarter, triple the roughly $600 million that analysts were expecting. Revenue was higher and costs were lower than had been forecast.The Wall Street Journal - World -
UniCredit boosts profit forecast
Italian lender plans to distribute about €10bn to investors this year after earnings beat expectationsFinancial Times - Business -
How GMO’s ETF is beating the S&P 500 this year — without Nvidia
GMO’s first exchange-traded fund is beating the S&P 500 so far in 2024 — without holding the skyrocketing stock of artificial-intelligence darling Nvidia Corp.MarketWatch - Business -
Tyson Foods’ stock turns lower after sales miss, as chicken remains weak
Tyson Foods’ stock reversed course to trade sharply lower, after the meats company reported fiscal second-quarter sales that fell below expectations, as continued weakness in chicken and market-share losses offset a profit beat.MarketWatch - Business -
Disney Reports Strong Earnings but Warns of Bumps Ahead
In a surprise, Disney+ made money for the first time in the latest quarter, but the company said it expected a slowdown in its parks division.The New York Times - Business