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In 2023, buybacks by U.S. companies were valued at $795.1 billion, down from $922.7 billion in 2022.<br/>Apple has a massive cash hoard, with the war chest swelling to $162.34 billion by the end of the second quarter.
⏲ 1:15 👁 215K
The SEC charged Trump Media's auditor, BF Borgers CPA, and its owner, Benjamin Borgers, with \
⏲ 0:35 👁 205K
CNBC’s Jim Cramer has expressed his support for the initial public offering of Viking, VIK, despite its high valuation. Cramer, on his show “Mad Money” on Thursday, discussed the IPO of Viking, a luxury cruise line, which is the largest IPO of the year so far. He noted that Viking’s stock is more expensive than its peers but still believes it’s a good investment.
⏲ 1:3 👁 205K
Apple's iPhone sales have plummeted 16% in the first three months of 2024, starting the year on a bad note for the Tim Cook-led company.<br/><br/>What Happened: Apple's iPhone shipments fell by a staggering 9.3 million units, from 58 million in Q1 2023 to 48.7 million in Q1 2024, according to market research firm, Canalys.
⏲ 0:47 👁 200K
- Global news flow & cues<br/>- Stocks to watch, trade setup<br/>- F&O strategies<br/><br/><br/>Samina Nalwala, Niraj Shah, and Tamanna Inamdar bring all this and more as we head toward the 'India Market Open'. #NDTVProfitLive
⏲ 0:0 👁 185K
Novo Nordisk is witnessing a surge in the number of patients starting on its weight-loss drug, Wegovy, in the U.S. This increase comes despite supply constraints and competition from Eli Lilly.<br/>The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly, reported Bloomberg on Friday.
⏲ 1:0 👁 245K
Cathie Wood’s Ark Invest was on a chip stock buying spree on Monday, and the purchase assumes importance because it came just ahead of Advanced Micro Devices' earnings.
⏲ 1:15 👁 185K
Coinbase reported revenue of more than $1.6 billion for the first quarter, beating analyst estimates. Net income was over $1.1 billion, compared to a loss in the prior year. Transaction revenue nearly tripled year-over-year to over $1 billion, driven by a surge in cryptocurrency trading amid the bitcoin rally. New Bitcoin highs and Ethereum's network upgrade drove increased demand for Coinbase's trading platform. Institutional investment in crypto also grew. Four Coinbase executives collectively sold over $380 million in company stock during the quarter, more than double the prior quarter's sales.
⏲ 0:39 👁 175K
EV giant Tesla reportedly earned over $17 million in charging infrastructure grants before it decided to lay off its supercharger team and downsize its charging infrastructure deployment goals.
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Carvana shares soared over 30% in after-hours trading after reporting first-quarter revenue of more than a billion, beating analyst estimates. The company forecast a sequential rise in adjusted core profit and retail unit sales growth, surprising analysts who expected a sales decline. Adjusted earnings before interest, tax, depreciation, and amortization were more than $200 million, exceeding estimates. Carvana's inventory of unsold used vehicles on dealer lots rose 9% from a year ago. High interest rates have pushed some consumers to the used car market for better deals than new vehicles.
⏲ 0:35 👁 5.1M
Apple's second-quarter results revealed better-than-expected sales and profits, boosting its shares by approximately 6% in pre-market trading on Friday. iPhone sales declined 10% year-over-year, better than feared, while Apple's Greater China revenue fell 8% but was above estimates. Earnings per share also topped estimates. Apple authorized an additional $110 billion for share repurchases and increased its dividend. Apple is dealing with slowing China sales and competition but saw growth there. Apple is gearing up new software and \
⏲ 0:42 👁 155K
Apple is set to report second-quarter earnings on Thursday, with Wall Street watching closely for updates on iPhone sales. Shares of Apple are down over 10% year-to-date in 2024, facing challenges including weaker iPhone demand in China and increased competition. Many analysts are focused on Apple's \
⏲ 0:36 👁 1M
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