United Airlines (NASDAQ:UAL) – United Airlines forecasts an adjusted profit of between $3.75 and $4.25 per share for the June quarter. In the first quarter, it posted an adjusted loss of 15 cents per share, better than Wall Street’s estimate of a 57-cent loss per share. The company reaffirmed its earnings estimate for 2024 of $9 to $11 per share. Shares were up 5.3% in pre-market trading.

Take-Two Interactive (NASDAQ:TTWO) – Take-Two plans to lay off about 5% of its workforce, approximately 600 employees, and cancel several development projects to cut costs, anticipating charges of up to $200 million. The move aims to generate annual savings of over $165 million, reflecting post-pandemic uncertainties in the video game industry.

AMC Entertainment Holdings (NYSE:AMC) – AMC shares rose 5.51% in Wednesday’s pre-market trading after increasing 10.1% on Tuesday, the biggest daily gain since February 6, despite a four-day losing streak previously. CEO Adam Aron dismissed the possibility of bankruptcy, highlighting efforts to reduce debt. Analysts see a cautiously optimistic future.

Boeing (NYSE:BA) – Boeing has terminated the lobbying firm that assisted it during the 737 Max incidents. Cornerstone Government Affairs, previously crucial for Boeing, was dismissed after hiring a client who had previously employed a former Boeing executive.

Apple (NASDAQ:AAPL) – Apple is considering building a factory in Indonesia, as discussed by CEO Tim Cook with President Joko Widodo. The company has already invested in developer academies in the country to meet local content requirements.

Microsoft (NASDAQ:MSFT) – Software developer Nikolai Avteniev tested Microsoft’s coding assistant Copilot in 2021, realizing its potential. Equipped with OpenAI’s GPT-4 technology, Copilot now answers questions and converts code between languages, becoming an essential tool for software engineers, saving time and improving efficiency.

ASML (NASDAQ:ASML) – In the first quarter, ASML recorded net sales of $5.62 billion, below expectations, but surpassed with a profit of 1.22 billion euros. Compared to the previous year, net sales fell 21.6%, while net profit dropped 37.4%, and net bookings of machines registered a decline of 4%. ASML expects a gradual recovery, supported by investments and increasing demand, and reiterated net sales for 2024 to be similar to 2023. Sales to China increased from the fourth quarter of 2023 to 49% of the total in the first quarter.

Advanced Micro Devices (NASDAQ:AMD) – AMD launched a new series of semiconductors for enterprise laptops and desktops with artificial intelligence on Tuesday, aiming to expand its presence in the lucrative “AI PCs” market. The chips will be available on HP (NYSE:HPQ) and Lenovo (USOTC:LNVGY) platforms starting in the second quarter of 2024.

Intel (NASDAQ:INTC) – Intel will release two AI chips with reduced capabilities for China, in compliance with U.S. restrictions. Scheduled for June and September, the chips based on the Gaudi 3 line will have limited performance. Nvidia (NASDAQ:NVDA) also plans specific chips for China following stricter U.S. rules last year.

Amazon (NASDAQ:AMZN) – Amazon.com’s Prime service reached a record 180 million members in the U.S. in March, an 8% increase from the previous year, according to Consumer Intelligence Research Partners. The growth indicates continued consumer preference for Prime’s benefits, despite competition.

Meta Platforms (NASDAQ:META) – Meta Platforms’ Oversight Board is reviewing the company’s response to two sexually explicit images of female celebrities created by AI, circulating on Facebook and Instagram. Without naming the figures, the board will use these cases to assess Meta’s enforcement policies regarding pornographic deepfakes.

Trump Media & Technology Group (NASDAQ:DJT) – On Tuesday, the creator of Truth Social announced that Trump Media plans to launch its live TV streaming platform in stages after six months of testing. The first phase will cover distributing content from Truth Social to Android, iOS, and Web, without disclosing a timeline for the last phase, which will include streaming apps for TV. The company’s shares are down -1.27% in Wednesday’s pre-market after falling 14% on Tuesday and 18% on Monday.

Spotify (NYSE:SPOT) – A quarter of Spotify’s paid subscribers in the U.S., UK, and Australia started an audiobook as part of their subscriptions, indicating a growing interest in the format. Most of these listeners, 57%, are in the 18 to 34 age group, suggesting a strong attraction among young people.

Autodesk (NASDAQ:ADSK) – Autodesk’s shares fell 2.6% in Wednesday’s pre-market after announcing an ongoing internal investigation into its accounting practices. The company also revealed that it would not be able to submit its annual report for the year ended January 31 within the extended 15-day deadline. Autodesk states that the investigation will not affect previous financial statements.

Tesla (NASDAQ:TSLA) – Tesla’s shares are up 1.27% in Wednesday’s pre-market, after closing down 2.7% on Tuesday at $157.11, reflecting a 37% drop this year. This brought its market valuation below $500 billion on Tuesday. Recent job cuts have highlighted slowing growth, declining demand, and underscore challenges for the company.

Toyota Motor (NYSE:TM) – Toyota Motor has recalled over 135,000 hybrid Prius cars in Japan and stopped new orders due to issues with the rear door handles. The affected vehicles were manufactured between November 2022 and April 2024, with no reports of accidents due to the flaw.

Stellantis (NYSE:STLA) – Stellantis faces a challenging year with rising price pressures, its CEO warned on Tuesday, ahead of shareholders voting to approve his generous 2023 salary package. CEO Carlos Tavares’ compensation increased by 56%, reaching $38.8 million, sparking criticism.

JB Hunt Transport Services (NASDAQ:JBHT) – JB Hunt recorded a 6% drop in pre-market shares after reporting reduced quarterly profits and revenues. Earnings were $127.5 million, or $1.22 per share, compared to $197.8 million, or $1.89 per share, in the same period last year. Revenue fell 9%, to $2.94 billion.

Rio Tinto (NYSE:RIO) – Rio Tinto plans to keep all the copper from its Resolution mine in the U.S. if the controversial project is approved, producing over 40 billion pounds of copper over its lifetime. The company sees strong demand in the U.S. for the project’s copper.

America Movil (NYSE:AMX) – America Movil recorded a 55.2% drop in net profit, reaching $816.7 million (13.5 billion pesos). Quarterly revenue was $12.3 billion (203.3 billion pesos), falling 2.7% from the previous year. EBITDA dropped 2.6%, to 80.6 billion pesos. America Movil added 1.5 million mobile subscribers, including 1.3 million postpaid customers, driven by an increase in Brazilian customers. In the fixed-line segment, the company added 562,000 broadband accesses.

Morgan Stanley (NYSE:MS) – Morgan Stanley is reducing investment banking jobs in the Asia-Pacific due to weaker business activities. Morgan Stanley will cut 50 jobs, affecting 13% of the team.

HSBC (NYSE:HSBC) – HSBC plans to cut an additional 20 investment banking jobs in Asia, adding to about 30 layoffs this week. The bank began the layoffs on Tuesday, notifying about a dozen bankers due to the downturn in business.

Citigroup (NYSE:C) – American banks continued to reduce their workforce in the first quarter, with Citigroup leading with a drop of 2,000 employees. Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), and PNC Financial (NYSE:PNC) also saw combined reductions of about 2,000 jobs.

Goldman Sachs (NYSE:GS) – Goldman Sachs’ growth capital division invested $47.5 million in the Polish startup Kontakt.io, specializing in Bluetooth-connected devices for hospital management. Focused on efficiency and resource savings, the company plans to expand its AI system for hospital operations.

PNC Financial (NYSE:PNC) – In the first quarter, PNC’s net profit fell 21%, reaching $1.34 billion, or $3.10 per share diluted, from $1.69 billion, or $3.98 per share, in the same period last year.

Bank of Montreal (NYSE:BMO) – The Chairman of Bank of Montreal highlighted the robust growth of the U.S. economy, especially in California, a key market for the bank. With a third of revenue coming from the U.S. after acquiring Bank of the West, BMO is well-positioned to meet global shifts.

Northern Trust (NASDAQ:NTRS) – Northern Trust recorded a 38% drop in first-quarter profit, to $196.1 million, or $0.96 per share, compared to $315.2 million, or $1.51 per share, in the same period last year. Total revenue fell 5.6%, to $1.65 billion.

BlackRock (NYSE:BLK) – Larry Fink, CEO of BlackRock, seeks to expand his presence in Saudi Arabia, despite controversies over human rights and oil dependence. The company has established an office in Riyadh and hired about 20 local employees, aiming to influence emerging markets and strengthen geopolitical ties.

Interactive Brokers (NASDAQ:IBKR) – Interactive Brokers beat estimates with a profit of $1.64 per share and revenue of $1.203 billion in the first quarter. Shares fell 1.27% in pre-market. The dividend increased to 25 cents per share. The company attracted 184,000 new accounts and net interest revenue grew 17%.

Mondelez International (NASDAQ:MDLZ) – The European Union is planning to fine Mondelez for blocking international sales, reported the Financial Times. The fine, potentially worth millions of euros, is expected to be issued next month, ordering Mondelez to stop blocking sales between EU member states.

Urban Outfitters (NASDAQ:URBN) – Urban Outfitters saw its shares fall 3.1% to $36.84 after analysts from Jefferies downgraded the retailer’s stock recommendation from “Hold” to “Underperform”, also lowering the target price from $42 to $32.

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