Apple (NASDAQ:AAPL) – Apple plans to invest
over $250 million to expand its operations in Ang Mo Kio,
Singapore, with two buildings acquired in 2022 undergoing a major
upgrade. CEO Tim Cook emphasized the importance of connecting with
the local community.
Oracle (NYSE:ORCL) – Oracle announced on
Wednesday an investment of more than $8 billion over the next 10
years to meet the growing demand for cloud computing and AI
infrastructure in Japan. This investment aims to expand Oracle
Cloud Infrastructure (OCI) presence across the country and support
local engineering teams.
Microsoft (NASDAQ:MSFT) – EU antitrust
regulators have concluded that Microsoft’s $13 billion investment
in OpenAI does not constitute an acquisition, avoiding a formal
investigation. Microsoft still faces scrutiny in other regions,
seeking partnerships to avoid investigations.
Alphabet (NASDAQ:GOOGL) – Google is reducing
its workforce, without specifying the exact number, as part of its
cost containment strategy. Some affected employees may apply for
new internal positions.
Meta Platforms (NASDAQ:META) – The European
Data Protection Board has suggested that major online platforms,
including Meta Platforms, offer users a free option without
targeted advertising. This follows requests for analysis of consent
or payment models by national privacy regulators.
Walt Disney (NYSE:DIS) – Employees at Walt
Disney’s theme parks in California, including those dressed as
Goofy and Elsa, have made progress in unionization. Most of the
1,700 workers at the Disneyland Resort seek to join the Actors’
Equity Association, seeking better conditions, including costume
replacements and contractual negotiations.
Amazon (NASDAQ:AMZN) – Amazon announced on
Wednesday plans to expand its cashier-less shopping technology to
more third-party stores this year, reducing its reliance on its own
technology. The “Just Walk Out” system is already used by about 140
stores and will more than double.
MercadoLibre (NASDAQ:MELI) – The Latin American
e-commerce giant plans to expand its team by 30% in 2024, adding
approximately 18,000 new employees. This increase will bring the
total number of employees to about 76,000, excluding temporary and
outsourced workers.
Morgan Stanley (NYSE:MS) – Morgan Stanley
recommends buying eBay (NASDAQ:EBAY) and short selling Etsy
(NASDAQ:ETSY) in the US e-commerce market. eBay was upgraded to
overweight, with a target price of $62, while Etsy was downgraded
to underweight, with a target price of $55. Analysts see eBay
benefiting from innovation and artificial intelligence, while they
are pessimistic about Etsy’s growth trajectory.
Tapestry (NYSE:TPR), Capri
(NYSE:CPRI) – The US FTC is preparing to block Tapestry, owner of
Coach, from acquiring Capri, which owns Michael Kors, in a deal
worth $8.5 billion. Regulatory approvals were granted by the EU and
Japan. The FTC will discuss the case, while investors assess
possible cuts in fees.
Micron Technology (NASDAQ:MU) – Micron
Technology, a memory chip manufacturer, is expected to receive over
$6 billion in grants from the US Department of Commerce to fund
domestic chip factory projects. The award, which has yet to be
finalized, could be announced as early as next week.
Salesforce (NYSE:CRM),
Informatica (NYSE:INFA) – Gaurav Dhillon,
co-founder of Informatica, criticizes the potential partnership
with Salesforce, calling it a setback for CRM. He predicts
difficulties for customers due to overlapping integration products
and sees Salesforce losing momentum, only seeking to increase
revenues. The merger, according to Dhillon, would be a validation
for SnapLogic.
Zuora (NYSE:ZUO) – Zuora is considering
options, including a potential sale. The software company for
managing subscription-based billing is attracting interest from
private equity and software companies.
Cadence Design Systems (NASDAQ:CDNS) – Cadence
Design Systems presented on Wednesday the latest version of its
custom chip-based supercomputer, designed to accelerate the
creation of other chips and corresponding software. Companies like
Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL) use Cadence’s software
to design complex chips, speeding up the design process.
Tesla (NASDAQ:TSLA) – Under the leadership of
Elon Musk, Tesla seeks to reactivate its controversial $56 billion
salary package. The company uses a legal loophole to submit the
proposal to shareholders, challenging a previous court decision.
Experts debate whether this will open more litigation or if
shareholders will retroactively accept the payment. Additionally,
Elon Musk provoked uncertainty among investors with cryptic posts
following Reuters’ news about the abandonment of the “$25 million
Model 2.” Musk’s silence generates unrest, while investors seek
clear answers about Tesla’s future. In other news, Tesla dismissed
300 temporary workers in Germany as their contracts expired, part
of its global workforce reduction strategy by 10%. The company
claims most were transferred to new jobs. Tesla will also lay off
285 employees in Buffalo, New York.
Rivian (NASDAQ:RIVN) – Rivian announced on
Wednesday a cut of approximately 1% of its workforce, marking its
second round of layoffs this year amid a slowdown in demand for
electric vehicles. The company is seeking to reduce costs to
achieve a positive gross margin by the end of the year.
Ford Motor (NYSE:F) – Ford is recalling 456,565
compact SUVs and trucks in the US due to weak battery issues,
reported by NHTSA on Wednesday. The recall covers Bronco Sport
(2022-2024) models and Maverick (2022-2023) trucks. Dealers will
recalibrate the control modules free of charge to correct the
problem.
Boeing (NYSE:BA) – Two Senate hearings in the
US explored Boeing’s safety culture and manufacturing quality after
the 737 MAX 9 incident. Concerns arose about the company’s response
to whistleblower reports and records related to aircraft issues.
Regulators and employees testified about safety concerns.
Additionally, the US Department of Transportation is being
investigated by the Office of the Inspector General regarding the
Federal Aviation Administration’s supervision of Boeing aircraft.
Secretary of Transportation Pete Buttigieg highlighted the
importance of the audit amid growing concerns.
Mobileye (NASDAQ:MBLY) – Mobileye secured
orders to provide 46 million of its EyeQ6 Lite chips in the coming
years as automakers seek to make cars safer and easier to drive.
The system, sold worldwide, includes features such as reading
traffic signs.
EVe Mobility Acquisition (NYSE:EVE) – Eve, a
manufacturer of electric aircraft, signed a letter of intent with
Japanese AirX to sell up to 50 eVTOLs. The deal includes a firm
order for 10 units and an agreement for another 40. Financial terms
were not disclosed. Embraer (NYSE:ERJ), the parent company of Eve,
plans operations by 2026.
United Airlines (NASDAQ:UAL) – United Airlines
will receive financial compensation from Boeing (NYSE:BA) due to
the grounding of the 737 MAX 9 aircraft, causing a $200 million
impact in the first quarter. Boeing will pay through credits for
future purchases, following the incident which also affected other
airlines, including Alaska Airlines (NYSE:ALK).
Alaska Airlines (NYSE:ALK) – A problem with
Alaska Airlines’ weight and balance calculation system caused the
suspension of all flights on Wednesday morning. The FAA lifted the
ground stop after the issue was resolved in about an hour, with
residual delays throughout the day.
Ryanair (NASDAQ:RYAAY) – Ryanair expects Boeing
(NYSE:BA) to deliver 40 new jets by mid-July, announced CEO Michael
O’Leary. The plan includes receiving 35 aircraft by the end of June
and five more in the first weeks of July, keeping to the revised
schedule.
Ibotta – Ibotta, backed by Walmart (NYSE:WMT),
is set to raise $577.3 million in its IPO, valued at $2.67 billion.
Ibotta will sell 6.6 million shares at $88 each, exceeding the
initial price range.
TotalEnergies (NYSE:TTE) – Investors urge
TotalEnergies to separate the roles of CEO and chairman to
accelerate the transition to renewable energies. The proposal,
supported by 19 international investors, seeks an open dialogue on
climate issues. The company will decide on the resolution on April
25.
Unilever (NYSE:UL) – Unilever Plc is recalling,
as a precaution, some Magnum almond ice cream sticks in the UK and
Ireland due to the possibility of containing plastic and metal. The
company identified the affected batches and no other country or
product is involved.
America Movil (NYSE:AMX) – America Movil
announced investments in 5G across all its markets, following its
capital expenditure plan of $7.1 billion for this year, after
cutting expenses in February. Despite a 55% drop in quarterly
profit, results in key markets helped exceed expectations.
Trump Media & Technology Group (NASDAQ:DJT)
– Trump Media & Technology Group saw a 1.5% increase before the
market opened. On Wednesday, shares of the company owning the Truth
Social platform rose 16%, marking its best single-day performance
since March 26, following a nearly 30% drop in the previous two
sessions.
PowerSchool Holdings (NYSE:PWSC) – PowerSchool
shares experienced their biggest drop in eight months, after Spruce
Point Capital Management LLC expressed skepticism, predicting a
significant fall in share prices. The educational technology
company closed Wednesday with a 9.8% loss, extending the year’s
cumulative decline to nearly 25%.
Duolingo (NASDAQ:DUOL), Cable
One (NYSE:CABO) – Duolingo’s share value increased 6.55%
before the market opened, following the announcement of its
inclusion in the S&P MidCap 400 on April 22. Duolingo, a
language learning provider, will replace Cable One, which is being
moved to the S&P SmallCap 600.
UBS Group AG (NYSE:UBS) – Following the
acquisition of Credit Suisse, UBS plans another round of job cuts
that will affect over a hundred positions in the global investment
bank. The cuts are expected to occur in the coming weeks, mainly in
wealth management and markets units.
Goldman Sachs (NYSE:GS) – South African
investors are delaying major initiatives pending next month’s
election, according to Goldman Sachs. The bank expects a recovery
in foreign interest, driven by interest rate cuts and energy
improvements.
Apple (NASDAQ:AAPL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Apple (NASDAQ:AAPL)
Historical Stock Chart
From Apr 2023 to Apr 2024
