Airship AI Holdings (NASDAQ:AISP) – While the
tech sector fell on Tuesday’s trading session, shares of Airship AI
stood out, soaring 200% after securing a contract with the U.S.
Department of Justice. Based in Redmond, Washington, the company
uses AI to assist clients in law enforcement and defense. President
Paul Allen stated that the company has a “strong pipeline” for the
year. Despite being small, with a market cap of about $135 million,
the company has shown remarkable performance since its IPO in
December. Shares are up 45.3% in Wednesday’s pre-market.
Carrier Global (NYSE:CARR) – Carrier agreed to
sell its Industrial Fire division to Sentinel Capital Partners for
$1.43 billion, as part of its strategy to focus on heating and
cooling equipment. CEO David Gitlin highlighted the move as part of
the company’s transformation into a global leader in smart climate
and energy solutions. The deal aims to leverage resources to pay
off debt, while the company maintains robust performance,
especially in HVAC products.
Amazon (NASDAQ:AMZN) – Amazon Web Services
(AWS) announced on Tuesday that it will not charge global network
fees for customers wishing to transfer their data to another cloud
service provider, addressing regulatory concerns about competition
and complying with the new European Union Data Act. The British
media regulator, Ofcom, has requested an investigation into Amazon,
Google, and Microsoft (NASDAQ:MSFT) in the UK
cloud market. Alphabet (NASDAQ:GOOGL) also
eliminated its fees but warned about unfair licensing
practices.
Meta Platforms (NASDAQ:META) – Facebook and
Instagram, owned by Meta, resumed operations after an outage
lasting over two hours caused by a technical issue. At its peak,
more than 550,000 users reported outages on Facebook and about
92,000 on Instagram.
Cisco Systems (NASDAQ:CSCO) – Cisco Systems is
poised to obtain EU antitrust approval without restrictions for its
$28 billion offer for cybersecurity company Splunk
(NASDAQ:SPLK). The deal, announced last year, will boost its
software business amid artificial intelligence growth and will
offset the post-pandemic slowdown. The European Commission is
expected to approve the deal after a preliminary review on March
13, not identifying any anti-competitive issues.
Cadence Design Systems (NASDAQ:CDNS) – Cadence
plans to acquire BETA CAE Systems International AG for $1.24
billion in cash and stock. The deal aims to strengthen its presence
in the vehicle and aircraft engine design analysis market,
complementing its recent expansion into larger physical
systems.
ASML (NASDAQ:ASML) – The Dutch government has
initiated “Operation Beethoven” to prevent ASML, the country’s
leading company, from moving operations due to anti-immigration
policies. The CEO warned about the dependence on foreign labor,
highlighting that the change could significantly affect innovation
in the company.
SoFi Technologies (NASDAQ:SOFI) – Shares of
SoFi Technologies are up 3.7% in pre-market trading after falling
15.3% on Tuesday when it announced an offering of convertible
notes. Analysts attribute the drop to technical pressures related
to the offering but highlight potential financial benefits.
Uber Technologies (NYSE:UBER) – Uber has set a
goal for 100% of its rides in the U.S., Canada, and Europe to be in
electric vehicles by 2030, but its CEO expressed doubts about the
feasibility of this commitment, highlighting the need for political
and business action to achieve it.
Unilever (NYSE:UL) – Unilever announces
ambitious emission reduction targets, aiming at suppliers and
stores. The climate plan, despite investor concerns, is integrated
into the company’s financial growth, while facing financial
challenges and political pressures on sustainability.
Anheuser-Busch Inbev (NYSE:BUD) – The Teamsters
union approved a five-year deal with Anheuser-Busch Inbev, securing
wage increases and health care improvements for 5,000 truck drivers
at the brewery’s U.S. facilities. The deal includes an initial wage
increase of $4 per hour, totaling $8 per hour, plus additional
benefits.
Starbucks (NASDAQ:SBUX) – A coalition of
unions, led by the SOC Investment Group, ended the dispute with
Starbucks, withdrawing three board candidates a week before the
company’s annual meeting. Starbucks committed to negotiating labor
agreements after investor pressure. Additionally, the AlShaya
Group, which operates Starbucks in the Middle East, plans to lay
off more than 2,000 employees due to boycotts related to the Gaza
conflict. The decision reflects business difficulties. The company
promises support for those affected.
Boeing (NYSE:BA) – Boeing and its largest union
begin negotiations on Friday after 16 years, amid the 737 MAX
crisis. Unions, capitalizing on the labor market, seek wage
increases and better benefits. A possible strike looms, driven by
discontent and production constraints. Political support is also a
consideration.
General Motors (NYSE:GM), Magna
International (NYSE:MGA), Wipro
(NYSE:WIT) – GM, Magna, and Wipro announced on Tuesday a
collaboration to create SDVerse, a digital platform for buying and
selling automotive software. Wipro will invest $5.85 million,
securing a 27% stake, while GM and Magna will hold 46% and 27%,
respectively.
Toyota Motor (NYSE:TM) – Toyota announced an
investment of R$11 billion in Brazil, divided into two parts until
2030, including the production of a new vehicle adapted to the
local market. Of the R$11 billion, R$5 billion will be invested by
2026.
Tesla (NASDAQ:TSLA) – Tesla’s European
Gigafactory near Berlin temporarily halted operations after a
criminal attack that left the factory without power. The incident
resulted in significant losses for the company and raised concerns
about security and operational stability, impacting innovation in
the region. In other news, Donald Trump and Elon Musk met on Sunday
to discuss donations for the former president’s campaign. Musk has
been a discreet political donor, but a contribution from him could
significantly boost Trump’s campaign.
Chevron (NYSE:CVX) – Chevron is closing plants
in Iowa and Wisconsin due to financial unviability, resulting from
government regulations and falling renewable credit prices. The
company is now focusing on expanding its renewable fuel capacity,
although regulatory challenges persist.
Target (NYSE:TGT), Walmart
(NYSE:WMT) – Major U.S. retailers resume expansion with the opening
of new stores, breaking years of closures. Walmart and Target lead,
highlighting pickup and delivery services to boost sales. The
strategy includes remodels and a focus on larger establishments,
adapting to changes in consumer behavior.
Costco Wholesale (NASDAQ:COST) – Richard
Galanti, retired CFO of Costco Wholesale, may leave one last gift
for investors: an increase in membership fees. This move has been
speculated for some time, considering the company’s history and the
current economic landscape. Analysts expect news soon.
Citigroup (NYSE:C) – Citigroup projects a
modest increase in investment banking fees in the first quarter but
expects an 8% to 12% drop in market revenue compared to the strong
quarter of 2023. CEO Jane Fraser stated that financial results are
expected to exceed expectations, as the company completes a broad
reorganization by the end of the month to simplify its structure
and resolve pending regulatory issues.
Morgan Stanley (NYSE:MS) – Morgan Stanley laid
off about 9% of its staff in the asset management division in China
due to the stock market slowdown. The move affected approximately
15 employees since December, reflecting global challenges faced by
financial firms in the world’s second-largest economy.
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