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Palantir's Strategic Move to Nasdaq Sparks Stock Rally
New York, Friday, 15 November 2024.
Palantir Technologies announced a shift from NYSE to Nasdaq, effective November 26, 2024. The move positions the company for potential inclusion in the Nasdaq-100 index, driving investor enthusiasm and boosting stock value. Palantir retains its ‘PLTR’ ticker symbol.
Thermo Fisher Unveils $4 Billion Stock Buyback Plan
Waltham, Friday, 15 November 2024.
Thermo Fisher Scientific’s board approves a new $4 billion stock repurchase program, replacing the previous $1 billion authorization. This strategic move, aimed at enhancing shareholder value, reflects the company’s strong financial position and confidence in future growth prospects.
CFPB Moves to Place Google Under Federal Oversight
Washington, Thursday, 14 November 2024.
The Consumer Financial Protection Bureau is taking unprecedented steps to subject Google to federal supervision, a move typically reserved for major banks. This could lead to regular inspections and monitoring of the tech giant, potentially setting up a significant legal battle over the CFPB’s authority in the digital age.
Solar Stocks Plummet as Trump's Re-election Sparks Industry Uncertainty
New York, Wednesday, 13 November 2024.
Solar stocks experienced a sharp decline following Donald Trump’s 2024 election victory, with the Invesco Solar ETF falling 11%. Industry leaders argue the market reaction is overly emotional, citing the resilience of clean energy initiatives and manufacturing investments in Republican districts.
US Inflation Data Fuels Speculation on Fed's Next Move
Washington D.C., Wednesday, 13 November 2024.
October’s Consumer Price Index matched forecasts, with core inflation steady at 3.3%. This data, coupled with falling energy prices and slowing ‘supercore’ services, has increased market expectations of a Fed rate cut in December. Treasury yields dropped in response, reflecting investor relief.
Warren Buffett's $325 Billion Cash Pile: A Market Warning?
Omaha, Wednesday, 13 November 2024.
Berkshire Hathaway’s record $325 billion cash reserve signals Warren Buffett’s cautious market outlook. The ‘Oracle of Omaha’ has been selling stocks, including a significant reduction in Apple holdings, while limiting new purchases. This defensive strategy suggests Buffett anticipates potential market turbulence ahead.
Tyson Foods Reports Significant Profit Boost in Q4 2024
Springdale, Tuesday, 12 November 2024.
Tyson Foods announced a substantial increase in profitability for Q4 and fiscal year 2024, driven by strategic adjustments and increased sales across segments. The company’s Q4 sales reached $13,565 million, up 1.6% from 2023, with adjusted operating income soaring 117% to $512 million.
Home Depot Beats Expectations Despite Economic Headwinds
Atlanta, Tuesday, 12 November 2024.
Home Depot’s Q3 earnings surpassed forecasts, with sales rising 6.6% to $40.22 billion. Despite ongoing economic challenges, the company raised its full-year outlook, citing hurricane-related demand and recent acquisitions as contributing factors. However, high interest rates continue to pressure consumer spending on major home projects.
Ondas Holdings Secures Record $14.4 Million Drone Order
Chicago, Tuesday, 12 November 2024.
Ondas Holdings reports a historic $14.4 million purchase order for its autonomous drone platforms in Q3 2024. The order, from a major military customer, marks the company’s largest booking to date, signaling growing demand for drone technology in defense and security sectors.