Nike (NKE, Financial) shares declined more than 1.3%, closing at $81.17. The company's financial report for the first quarter of fiscal year 2025, which ended on August 31, 2024, showed revenues of $11.589 billion, marking a 10% decrease compared to the previous year. Net income also fell by 28% to $1.051 billion during the same period.Revenues from the Greater China region reached $1.666 billion, reflecting a 4% decrease year-over-year. ...

Taiwan Semiconductor Manufacturing Company (TSM, Financial) saw its stock rise over 1.7% to $184.3. The increase comes on the heels of a major breakthrough in its 2nm process technology, which will incorporate Gate-all-around FETs transistor technology for the first time. This new N2 process is expected to offer a 10% to 15% performance boost at the same power levels, or reduce power consumption by 25% to 30% at the same frequency, compared to the current N3E process.The price of TSMC's 300mm 2nm wafers mig ...

Boeing ( BA , Financial ) shares rose over 2%, reaching $158.13. The company announced the resumption of contract negotiations with its largest union. These discussions aim to resolve the ongoing strike involving approximately 33,000 workers at Boeing's West Coast factories in the United States. Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios. ...

Chevron (CVX, Financial) has agreed to sell its stakes in Canadian oil sands and shale assets to Canadian Natural Resources (CNQ) for $6.5 billion. This transaction includes a 20% interest in the Athabasca oil sands project and a 70% share in the Duvernay shale project in Alberta.The all-cash deal, effective from September 1, is expected to close in the fourth quarter, subject to regulatory approvals. Chevron is refocusing its growth strategy on other regions, particularly the Permian Basin in the United St ...

Core Viewpoint - Amazon has launched Freely, a new streaming service supported by UK public broadcasters, to enhance content accessibility on its Fire TV platform [1] Group 1: Service Overview - Freely is a streaming service introduced by the joint venture Everyone TV, allowing viewers to access live TV and on-demand content for free when purchasing a smart TV [1] - The service is supported by major UK broadcasters including BBC, ITV, Channel 4, and Channel 5 [1] Group 2: Strategic Collaboration - The collaboration aims to increase the reach of the broadcasters' content by utilizing Amazon's popular Fire operating system [1] - This initiative is expected to make the content accessible to a larger number of households in the UK [1]

Piper Sandler has upgraded Netflix ( NFLX , Financial ) from a "neutral" rating to "overweight," with a revised target price increasing from $650 to $800. Analysts cite growth opportunities in Netflix's ad-free subscription services as a key factor in the decision. The company’s robust content lineup is expected to enhance user attraction and retention. Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to ...

AT&T Inc (T, Financial) shares are currently priced at $21.87, reflecting a modest decline of 0.21%. This minor movement in the stock price is a typical fluctuation within the broader context of AT&T's recent strategic decisions and market dynamics.AT&T's decision to divest its remaining 70% stake in DirecTV for approximately $7.6 billion is a pivotal move aimed at strengthening its balance sheet. The strategic sale is anticipated to close by the latter half of next year, supporting DirecTV's plan to acquir ...

Media reports indicate that activist investor Starboard Value has acquired approximately $1 billion worth of shares in Pfizer (PFE, Financial). Following this news, Pfizer's stock rose nearly 3% in pre-market trading. Starboard Value is reportedly in discussions with Pfizer's former CEO, Ian Read, and former CFO, Frank D’Amelio, to assist in enhancing the company's performance.The hedge fund has expressed concerns that Pfizer's current CEO, Albert Bourla, who succeeded Read in 2019, lacks the acquisition di ...

The futures market is showing a downward trend this morning. The S&P 500 futures are down 24 points, the Nasdaq 100 futures have fallen 110 points, and the Dow Jones Industrial Average futures have decreased by 161 points.Stocks are drifting lower after a strong jobs report last Friday that fueled a rally. The labor market news has led to a reevaluation of how the Federal Reserve might approach interest rate cuts.Mega cap stocks are adding pressure to the Dow, S&P 500, and Nasdaq 100. Rising market interest ...

Shares of major oil companies experienced notable increases. Chevron (CVX) and ExxonMobil (XOM, Financial) both saw their stock prices rise by 1.2%. Occidental Petroleum (OXY) reported a 1% gain, while ConocoPhillips (COP) saw an increase of 1.1%. Additionally, APA Corporation (APA) rose by 1.3%, and both Halliburton (HAL) and Schlumberger (SLB) experienced gains of 1.2% and 1.3%, respectively. ...