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Related media - Recent news In today's financial news, several notable stocks are making waves in pre-market trading, setting the stage for potential market shifts as the trading day unfolds. Among the movers are high-tech companies and retail giants, reflecting broader economic signals and investor sentiment. Pre-market activity highlights Early trading indicators show a significant increase in activity for several key players in the technology and retail sectors. CrowdStrike, a leader in cloud-based security solutions, saw its shares rise about 2% following an upgrade from HSBC. This reflects growing confidence in technology companies specialising in cybersecurity, underlined by growing demand for robust digital protection services. Meanwhile, global e-commerce giant Aliba...

Related media - Latest news The U.S. Food and Drug Administration (FDA) has approved the latest version of Novavax’s Covid-19 vaccine, paving the way for its distribution this fall. The updated vaccine is part of ongoing efforts to adapt to the evolving challenges posed by new variants of the coronavirus. Details on vaccine approval and efficacy The recent FDA approval marks a crucial step in ensuring that the population remains protected from Covid-19, especially with the expected increase in cases during the colder months. The updated Novavax vaccine has been adapted to better adapt to the latest variants, offering improved protection compared to previous versions. Public health implications The availability of this updated vaccine is expected to play a significant role in upcoming...

More news - Latest news Stay up to date on market action with today's midday rises and falls! This update highlights companies that have experienced significant fluctuations in their stock prices during mid-day trading. Major drivers include Paramount Global: The media giant saw a 7.2% decline, likely due to the Edgar Bronfman Jr. news. The Impact of Edgar Bronfman Jr. Bronfman, a prominent figure in the entertainment industry, recently withdrew his $6 billion bid to acquire National Amusements, the parent company of Paramount Global. The move sent ripples through the media landscape, impacting Paramount's stock price. Possible implications Merger with Skydance Media: Bronfman’s retirement clears the way for Paramount Global to move forward with its planned merger w...

Related media - News 24 hours In the latest after-hours trading session, several stocks, including Nordstrom and SentinelOne, saw notable moves, attracting considerable attention from investors. The session marked a surprising rally for Nordstrom, which saw its shares jump about 7% following a solid earnings report that beat analysts' expectations. This trend of after-hours volatility wasn’t limited to Nordstrom. SentinelOne and Ambarella also played a prominent role, each reacting to their latest earnings and company forecasts. Such moves underscore the critical insights that can be gleaned from after-hours trading, revealing investor sentiment and potential shifts in market dynamics based on newly released information. The impact of these off-hours shifts is often in...

More news - Latest news Ahead of today's stock market opening, several major companies have seen significant changes. Among them, PDD Holdings and Boeing have seen significant stock movements. Additionally, Planet Fitness stock has also seen significant activity. This report delves into the factors that influence these movements and the broader market implications. As the bell approached, aerospace giant Boeing saw its shares fall slightly, following a new partnership announcement between NASA and SpaceX, which could impact future contracts. Meanwhile, PDD Holdings, known for its e-commerce platforms, showed volatility amid shifting market dynamics and investor sentiment. The fitness industry, represented by Planet Fitness, has remained in the spotlight as the company ...

Related media - Latest news Target CEO Brian Cornell firmly rejected accusations of price gouging in the hypercompetitive retail industry during an interview Wednesday on CNBC's "Squawk Box." During the discussion, Cornell was confronted with remarks from Democratic presidential candidate Vice President Kamala Harris, who recently supported a federal ban on "corporate price gouging" in the food and grocery industry. Harris cited concerns about companies overcharging consumers and contributing to higher household costs. In response, Cornell pointed to the slim profit margins typical of retail, saying, “We operate on a shoestring profit.” He also highlighted the many options consumers have for finding competitive prices, from visiting brick-and-mortar stores to comparing prices online ...

Related media - Breaking news Explore noteworthy changes in the stock market after the close of trading: Cava Group — The fast-casual restaurant chain saw its stock price rise nearly 6% after hours as its earnings beat projections. Cava’s earnings came in at 17 cents a share, beating LSEG forecasts by 4 cents, with revenue also beating expectations. Uber — Shares of the ride-sharing giant fell about 3% after announcing a long-term partnership with General Motors’ Cruise for autonomous vehicle services. The partnership aims to introduce driverless ride options to Uber’s service offerings by next year. Meanwhile, General Motors enjoyed a slight boost, with its shares up more than 1% after the listing. Ross Stores — Shares of the discount retailer rose about 6% after the market closed, ...

More news - Recent news Edgar Bronfman Jr. has made a major offer to acquire a major stake in Global Paramount, potentially ensuring that Shari Redstone remains a key figure within the organization. A source familiar with the negotiations said Bronfman's offer includes a clause that Redstone, who currently serves as Paramount's non-executive chairman, will continue his involvement with the company. This condition is contingent on his offer being accepted by Paramount's special committee by National Amusements, the major shareholder. Bronfman reportedly secured $6 billion to outbid Skydance Media for control of National Amusements, a company originally founded by Sumner Redstone. Both Bronfman and Skydance's competing bids include plans to buy shares from Paramount Global's common sha...

More news - Breaking news On a crucial Friday, Federal Reserve Chairman Jerome Powell laid out the groundwork for upcoming interest rate cuts, but gave no details on the expected timing or scope of those cuts. In his highly anticipated speech at the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, Powell announced, “It’s time to change our approach.” He explained that while the future course is set, the specifics of the timing and size of rate cuts will depend on new data, future economic projections and risk assessments. Live Update: Chairman Jerome Powell Speaks at Jackson Hole Conference As financial markets anticipate future monetary policy guidance, Powell focused on dissecting the underlying causes of inflation. This analysis follows a vigorous period from March 2022 ...

Related media - Latest news Jackson Hole, Wyoming — As the financial community eagerly awaits Federal Reserve Chairman Jerome Powell’s speech on Friday, clarity is expected on the anticipated shift in interest rate policy following the Federal Open Market Committee’s landmark two-day meeting in Washington, DC, last July. Market sentiments and forecasts The consensus among market analysts is that the Federal Reserve is poised to begin cutting interest rates as early as September, with continued adjustments likely through the end of the year and into 2025. While the size and timing of these cuts remain points of debate, Powell’s next speech is expected to shed some light on the current economic landscape and the Fed’s policy trajectory. Lou Crandall, a veteran economist and former Fede...