Fisker (NYSE:FSR) – Shares of the electric
vehicle startup fell 39.71% in pre-market trading, following a Wall
Street Journal report that Fisker hired
restructuring consultants as part of preparations for a possible
bankruptcy filing. At the end of February, Fisker
admitted to having doubts about its ability to continue operating,
as it faced difficulties in securing additional financing. The
company reported a larger-than-expected loss in 2023 and failed to
meet its production targets by a wide margin.
Anheuser-Busch InBev (NYSE:BUD), Altria
Group (NYSE:MO) – Altria Group plans to
sell part of its stake in Anheuser-Busch InBev for
up to $2.2 billion to fund share buybacks. The sale will occur
through a global secondary offering. The decision reflects the
search for a substantial return on investment.
Nio (NYSE:NIO) – Nio, the
Chinese electric vehicle manufacturer, partnered with
CATL to develop longer-lasting batteries, aiming
to reduce operational costs. Efforts include cutting battery rental
fees, contributing to lowering the total cost of electric
vehicles.
Albemarle (NYSE:ALB) –
Albemarle announced auctions to sell the metal,
aiming to increase market transparency. Lithium prices fell due to
overproduction in China and slow global demand. The first auction
is scheduled for March 26.
Boeing (NYSE:BA) – The investigation into why
LATAM’s 787 from Sydney to Auckland suddenly plunged, injuring more
than 50 passengers, focuses on the movement of a cockpit seat.
Involuntary pilot action and a possible short circuit are
suspected. Airlines, constrained by a market dominated by
Boeing and Airbus, express
frustrations with Boeing due to safety crises
impacting their plans. Yet, airlines negotiate new orders, using
delays to obtain better terms, despite challenges in switching to
Airbus (USOTC:EADSY) due to its already full order
book. The interim head of Europe’s aviation regulator indicated the
agency might suspend its approval of Boeing jet
production if necessary due to safety concerns but expressed
confidence in the company’s approach to the crisis.
Delta Air Lines (NYSE:DAL) – Delta Air
Lines announced on Wednesday that it would resume flights
to Israel starting June 7, becoming the second major U.S. airline
to do so after the Hamas attack. United Airlines
(NASDAQ:UAL) had already resumed flights.
McDonald’s (NYSE:MCD) –
McDonald’s international sales are expected to
fall next quarter due to the conflict in the Middle East and weak
demand in China, CFO Ian Borden said on Wednesday.
McCormick (NYSE:MKC) – Investors await
McCormick‘s earnings report, scheduled for March
26, hoping to boost the stock. The company has faced challenges,
but there is potential for recovery with a focus on innovation and
improvements in volume trends.
Dollar Tree (NASDAQ:DLTR) – Dollar
Tree missed market expectations, planning to close 970
Family Dollar stores. Shares fell on Wednesday after the company
forecasted sales and profits for 2024 below expectations.
Dollar Tree reported a net loss of $1.71 billion,
or $7.85 per share, for the quarter ended February 3, compared to a
profit from the previous year of $452.2 million, or $2.04 per
share.
Under Armour (NYSE:UAA) – The sportswear
company announced that CEO Stephanie Linnartz would be leaving the
position just over a year after her appointment. Former CEO Kevin
Plank will reassume the role, while renowned economist and
businessman Mohamed El-Erian is set to become the next board
chairman.
Fossil Group (NASDAQ:FOSL) –
Fossil shares rose 6.2% in pre-market following
CEO Kosta Kartsotis’s departure and the announcement of a strategic
review, in response to pressure from an activist investor. The
company appointed Jeffrey Boyer as interim CEO.
Microsoft (NASDAQ:MSFT) –
Microsoft will expand access to its AI-powered
cybersecurity tool starting April 1st, adopting a “pay-as-you-go”
model. The ‘Security Copilot’ simplifies analysis tasks and will be
charged based on usage. Furthermore, US Senator Mark Warner
criticized Microsoft for complying with internet censorship in
China, urging them to consider withdrawing Bing from the country.
Microsoft defended its presence, stating it complies with local
law.
Oracle (NYSE:ORCL) – Oracle
announced on Thursday the incorporation of generative AI features
into its enterprise software, directly competing with
Microsoft (NASDAQ:MSFT) and other companies. These
features aim to optimize tasks like generating reports and
summarizing complex data.
Apple (NASDAQ:AAPL) – Epic
Games asked a federal judge to assess
Apple for contempt of court, claiming the company
did not fully comply with an order to allow external payment
options on its App Store. Epic argues that Apple
made the external links “commercially unusable” by imposing various
fees and rules.
Alphabet (NASDAQ:GOOGL) –
Waymo, a subsidiary of Alphabet,
announced on Wednesday the launch of free driverless robotaxi
services for select members in Los Angeles starting Thursday,
following CPUC approval. The expansion includes 63 square miles and
will transition to paid services soon.
Spotify (NYSE:SPOT) – Spotify
is launching full music videos in beta for premium subscribers,
competing with YouTube‘s two-decade dominance.
Available in some countries, the initiative aims to increase its
user base while facing competition from Apple
Music and YouTube.
Amazon (NASDAQ:AMZN) – Amazon
committed to fixing flaws in its advertising operation after
incorrectly charging online merchants to promote unavailable
products. The issue arose when a seller discovered they were being
charged for ads that did not generate sales.
Nvidia (NASDAQ:NVDA) – Nvidia
shares fell 0.4% in pre-market trading on Thursday, ahead of the
GTC developers’ event. While Wall Street supports the stock, it
appears to be in a volatile pattern. Analysts expect market
expansion and product updates.
UiPath (NYSE:PATH) – Shares of the software
company rose by 4.95% in pre-market after reporting fourth-quarter
results, which exceeded analysts’ predictions.
UiPath achieved an adjusted profit of 22 cents per
share, with revenue of $405 million, surpassing analysts’
expectations of a 16-cent profit per share and $384 million in
revenue, as reported by LSEG.
SentinelOne (NYSE:S) –
SentinelOne reported an adjusted loss of 2 cents
per share with revenue of $174 million in the fourth quarter,
compared to analysts’ forecasts of a 4-cent loss per share and $170
million in revenue. The cybersecurity company’s stock value
decreased by 8.9% in pre-market after releasing first-quarter and
full-year guidelines that were in line with analysts’ estimates, as
reported by LSEG.
Adobe (NASDAQ:ADBE) – Analysts project
Adobe to report quarterly earnings of $4.38 per
share and revenue of $5.14 billion for the first quarter. Ahead of
the report scheduled for after Thursday’s market close,
Adobe, known for its creative software tools like
Photoshop, Illustrator, and InDesign, saw a 1.01% increase in
pre-market trading on Thursday.
Lennar (NYSE:LEN) – Shares of the homebuilder
Lennar are down by -0.9% in pre-market after
reporting mixed fiscal first-quarter results, with profits up but
revenue below expectations due to high mortgage rates, limiting
demand for new homes. Lennar reported a profit of
$2.57 per share on revenue of $7.31 billion, while analysts
expected a profit per share of $2.21 on revenues of $7.38
billion.
Robinhood (NASDAQ:HOOD) – The trading
platform’s stock values increased approximately 12.5% in Thursday’s
pre-market after releasing selected monthly operational data for
February 2024. Robinhood reported that trading
volumes during February rose to $80.9 billion, representing a 36%
increase from January and 41% from February 2023. Cryptocurrency
trading volumes in February also increased to $6.5 billion, marking
a 10% increase from January and 86% from the previous year.
Additionally, analysts at Bernstein began coverage of the stock
with an Outperform rating and a $30 price target.
KKR (NYSE:KKR) – KKR offered
$3.06 billion for Encavis (USOTC:ENCVF).
Viessmann will invest as a shareholder.
KKR plans to rapidly de-list
Encavis‘s capital after closing. The offer is 30%
above Encavis‘s closing share price listed on the
MDAX. Additionally, KKR plans to maintain real
estate investments in Japan, even with the possibility of rising
interest rates. The Japanese market is attractive, offering returns
of 4-5% on assets like apartments, logistics, and hotels.
Controlled inflation and sustained economic growth contribute to
its attractiveness.
Deutsche Bank (NYSE:DB) – Deutsche
Bank CEO Christian Sewing received $9.52 million (8.7
million euros) in 2023, slightly less than in 2022, due to
declining profits. Issues in the Postbank unit resulted in bonus
reductions for other employees.
Barclays (NYSE:BCS) – Three black bankers who
sued Barclays in London, alleging racial
discrimination and other grievances, largely lost the case. The
East London Employment Tribunal dismissed almost all the claims
except for inadequate health adjustments in a 2019 performance
assessment.
Goldman Sachs (NYSE:GS) – Goldman
Sachs Asset Management plans to resume “active investment”
in U.S. commercial properties this year, with falling prices and a
potential recovery. Schroders (LSE:SDR) is also
preparing to buy billions in U.S. commercial properties.
US Steel (NYSE:X) – U.S. President Joe Biden
plans to express concerns about Nippon Steel‘s
$14.9 billion purchase of US Steel. The issue may
affect a U.S.-Japan summit on security in the face of growing
Chinese strength.
UnitedHealth Group (NYSE:UNH) – The U.S.
government is investigating the cyberattack on UnitedHealth
Group and Change Healthcare for possible
health privacy law violations. It’s the first Department of Health
and Human Services investigation into the February 21st
incident.
AstraZeneca (NASDAQ:AZN) –
AstraZeneca announced on Thursday the acquisition
of Amolyt Pharma for $1.05 billion in cash, aiming
to expand its rare diseases portfolio. The deal, with an upfront
payment of $800 million and an additional $250 million upon
regulatory milestones, is expected to close in the third quarter of
2024.
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