(Reuters) – Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday. Shares of Globalstar jumped over 30%, while Apple was down around 1.4% a day after it forecast tepid quarterly revenue growth. Under the funding agreement,…
By Ankika Biswas, Pranav Kashyap (Reuters) -Just days ahead of the Nov. 5 presidential election in the U.S., investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump. Harris’ lead over the Republican has dwindled…
By Luc Cohen (Reuters) – A U.S. judge on Friday denied Elon Musk’s bid to move a Pennsylvania lawsuit over his $1 million voter prizes to federal court, moving the case back to state court. It was not immediately clear if the decision would affect the billionaire’s plan to keep awarding money until the U.S….
By Lewis Krauskopf NEW YORK (Reuters) – A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve offers more insight on the path of interest rates at its monetary policy meeting. The Nov. 5 vote culminates an election cycle that has captivated…
(Reuters) – Wall Street futures fell sharply on Thursday, as warnings from Meta Platforms and Microsoft about rising artificial intelligence-related costs dampened optimism around megacaps, which have been the market’s primary driver this year. Shares of Facebook-owner slumped 4%, while Microsoft dropped 3.7% in premarket trading. Both companies beat earnings estimates in results reported after…
Thursday, October 31st, 2024 Following a robust Q3 earnings release, Twilio’s (TWLO) stock shot up over 11% in post-market trading to $78.90. Investors are now weighing whether this surge marks sustainable growth or if it’s just short-lived hype. Let’s break down the details that will influence TWLO’s trajectory. Earnings Highlights and Forward Guidance Twilio’s Q3…
As Microsoft gears up to reveal its quarterly earnings after the market closes, all eyes are on the tech giant, and anticipation is buzzing with an electric mix of optimism and caution. The options market is hinting at some serious price action, with a significant swing on the horizon—this isn’t just any earnings call; it’s…
McDonald’s just released its Q3 earnings, and the fast-food titan has plenty of storylines unfolding—some promising, others pressing. Despite headwinds in international markets, the company’s focus on the U.S. is paying off, and its digital and loyalty-driven strategy is proving to be a smart play. However, with inflationary pressures, slowing international performance, and challenges from…
(Reuters) – AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services. WHY IT’S IMPORTANT With the U.S. wireless market facing a slowdown, telecom companies such as AT&T and rival Verizon have…
(Reuters) -Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet’s Google and Microsoft’s Bing, the Information reported on Monday. The AI search engine segment is heating up with ChatGPT-maker OpenAI, Google and Microsoft all vying for dominance in the rapidly evolving market. Meta’s web crawler will…
