MicroStrategy (NASDAQ:MSTR), Coinbase Global (NASDAQ:COIN) – In pre-market trading, MicroStrategy saw an 11.26% increase priced at $1,601.00, while Coinbase Global gained 5.85% priced at $255.00, driven by a rise in cryptocurrency-related stocks, following Bitcoin (COIN:BTCUSD). Bitcoin rose 3.7% in the last 24 hours, reaching $71,933.

Boeing (NYSE:BA) – Boeing shares are down 1.03% in pre-market trading after CEO David Calhoun announced he is stepping down earlier than expected, and that he received a salary of nearly $33 million last year, a 45% increase from 2022. Boeing was trading at about $330 per share when Calhoun took over as CEO in 2020, but closed Friday at $183.14. Additionally, the Federal Aviation Administration is investigating an incident where an engine cover fell off a Southwest jet during takeoff on Sunday. The involved plane was a Boeing 737-800. This incident comes as Boeing is still dealing with the aftermath of the 737 MAX 9 emergency plug explosion on January 5.

Southwest Airlines (NYSE:LUV) – On Sunday, an engine cowling on a Southwest Airlines flight fell off during takeoff in Denver. The cowling, part of the nacelle, houses the engine and other components, reducing drag and improving cooling. The FAA is investigating. The flight safely returned to Denver International Airport.

United Airlines (NASDAQ:UAL) – United Airlines is canceling its upcoming investor meeting due to safety concerns, following a series of incidents. The FAA is reviewing the company’s safety protocols.

Apple (NASDAQ:AAPL) – Apple agreed to comply with European Union demands, allowing music streaming apps to inform users about deals outside of the App Store. However, it will continue to charge a commission of up to 27% on sales made through these external links.

Meta Platforms (NASDAQ:META) – Mark Zuckerberg surpassed Elon Musk as the third richest person in the world on Friday. Musk fell to fourth place following news about Tesla canceling plans for a cheaper car. Zuckerberg added $58.9 billion to his wealth, while Musk’s fortune dropped by $48.4 billion this year. Court documents revealed that nearly 30% of Meta’s revenue in the first half of 2022 came from Instagram, with $16.5 billion in the first six months. The app is growing faster than other parts of Meta, reflecting the success of Zuckerberg’s acquisition in 2012. Meta does not disclose this information in its quarterly reports. Moreover, Meta requested a judge to dismiss the FTC’s antitrust lawsuit, arguing that there’s no evidence that breaking up Instagram and WhatsApp would benefit consumers, and that it invested billions in their development. The case has yet to be scheduled for trial.

Alibaba (NYSE:BABA) – On Monday, Alibaba Cloud announced price cuts of up to 59% on its offshore data center-based products amid competition for artificial intelligence software developers. The price reduction covers computing, storage, networking, databases, and big data, averaging 23%. This is Alibaba Cloud’s third price cut initiative in the past 12 months, aiming to attract developers to its cloud services.

ASML (NASDAQ:ASML) – ASML, a Dutch chip-making company, is facing pressure from the United States to stop servicing equipment sold to Chinese customers. This poses a dilemma for the Netherlands, as it may affect its diplomatic and trade relations with both the US and China. Although the Dutch government is hesitant to make a definitive decision, there are signs it may align with US export restrictions, especially due to national security concerns and the situation in Ukraine. However, any decision will have significant implications for the semiconductor industry and the geopolitical relations between the involved countries.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – The US plans to grant TSMC $6.6 billion in subsidies and up to $5 billion in loans to build factories in Arizona. The deal aims to boost domestic production of critical technology, including a new factory with 2-nanometer technology.

Tesla (NASDAQ:TSLA) – In Monday’s pre-market trading, Tesla shares rose more than 3% after CEO Elon Musk announced on X (formerly known as Twitter) that the company would launch its “robotaxi” on August 8. In other news, Elon Musk clashed with Brazil when he challenged the decision of Minister Alexandre de Moraes to order the blocking of certain social media accounts. Musk deemed such restrictions unconstitutional and called for Moraes’ resignation. In response, Moraes opened an inquiry against Musk for judicial disobedience and included him in his investigation into the spread of fake news.

Ferrari (NYSE:RACE) – Ferrari unveiled a new laboratory for lithium battery cell research, preparing to launch its first fully electric supercar next year. Focusing on solid-state analysis, fast charging, and safety, Ferrari aims to advance in the electric world, facing competitors like China’s BYD Co.

Toyota Motor (NYSE:TM) – Daihatsu Motor announced on Monday a simplification in development and certification reporting for Toyota Motor, aiming to overcome a safety testing scandal. The change follows the appointment of a new Toyota president at Daihatsu, aiming to revitalize the small car unit.

Royal Bank of Canada (NYSE:RY) – On Friday, the Royal Bank of Canada appointed Katherine Gibson as interim Chief Financial Officer, following Nadine Ahn’s departure. Ahn was fired over allegations of misconduct, including preferential treatment to an employee. Both were terminated following an investigation.

UBS Group (NYSE:UBS) – Following the rescue of Credit Suisse by UBS, Switzerland is set to unveil measures to protect its only remaining major bank. New banking oversight recommendations are expected to demand stricter rules, possibly forcing UBS to find additional billions to prevent collapse. Additionally, on Monday, UBS announced that its Japanese wealth management joint venture with SuMi TRUST Wealth Management Co would acquire Credit Suisse’s wealth management business in Japan following its acquisition by the Swiss bank in 2023. After incorporating Credit Suisse’s client assets in Japan, the partners will adjust the ownership structure to maintain UBS’s original 51% stake and SuMi TRUST Holdings’ 49% in the joint venture.

HSBC (NYSE:HSBC) – HSBC’s European leader is looking to expand wealth in the region and extend the international presence of Asian clients, turning its unit into a profitable source after a multi-year reboot. The strategy aims to integrate services in Europe for Asian clients, boosting return on tangible equity and overall profit.

Petrobras (NYSE:PBR) – Brazil’s President Luiz Inácio Lula da Silva called a meeting with ministers to discuss the possible replacement of Petrobras’ CEO, Jean Paul Prates. Speculation about his resignation is rife, with uncertainty about his successor. Criticisms include price management and retained dividends.

TotalEnergies (NYSE:TTE) – TotalEnergies agreed to acquire a 20% stake in the Dorado field from Texas-based Lewis Energy Group, boosting its natural gas production in the US. The deal aims to increase net natural gas production by 50 million cubic feet per day by 2024, potentially rising to 50 Mcf per day by 2028.

Herbalife (NYSE:HLF) – Herbalife is seeking investors for its leveraged loan and high-yield bond division, offering high yields and favorable protections. Price discussions have increased due to lukewarm demand. Investors pressed for more protections after a call with management. Proceeds from the debt sale will be used to refinance existing credit lines and notes, with redemption protections included in the loan.

Dollar Tree (NASDAQ:DLTR), Walgreens Boots Alliance (NASDAQ:WBA) – Financial executives at Dollar Tree and Walgreens Boots Alliance bought large quantities of shares as both companies’ stock prices lagged behind the market. Dollar Tree disappointed with its latest earnings, while Walgreens faces macroeconomic challenges.

Kimberly-Clark (NYSE:KMB) – Kimberly-Clark agreed to sell its personal protective equipment division to Australian company Ansell for $640 million. The transaction involves the sale of a company that produces a variety of safety products, including gloves, protective clothing, and safety glasses, marketed under the Kimtech and KleenGuard brands.

Apple (NASDAQ:AAPL)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Apple Charts.
Apple (NASDAQ:AAPL)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Apple Charts.