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Disney activist Nelson Peltz calls for replacement of two directors
Proactive Investors· 2024-02-01 12:07
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Meta boss ignored Clegg's call for better child protection
Proactive Investors· 2024-02-01 09:11
Mark Zuckerberg, the founder of Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB), reportedly declined a request from Nick Clegg, the company's head of global affairs, to significantly increase the staff dedicated to child protection on Facebook and Instagram. Internal communications disclosed ahead of a Congressional hearing on the issue showed the former Lib Dem leader appealing for the hiring of between 45 to 124 new staff members, aimed at bolstering the platforms' commitments to safety. This move, how ...
Qualcomm beats expectations with strong Q1 earnings
Proactive Investors· 2024-01-31 22:02
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Video games: rising costs a major challenge and AI may not be the answer, JPMorgan says
Proactive Investors· 2024-01-31 20:04
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Google parent Alphabet remains AI-driven growth story amid investor disappointment over 4Q results
Proactive Investors· 2024-01-31 17:39
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Microsoft earnings a 'masterpiece' to adorn the Louvre, says analyst
Proactive Investors· 2024-01-31 16:58
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Big Tech earnings: Disappointed market expects infinite AI money glitch
Proactive Investors· 2024-01-31 16:39
Big Tech stocks were in the outtray on Wednesday despite and undeniably bullish trio of earnings results emerging from the US megacap cohort. The least affected of the trio, Microsoft Corp (NASDAQ:MSFT), was last seen around one percentage point lower. Alphabet Inc (NASDAQ:GOOG), meanwhile, was flying 6.5% lower while AMD was down 3.2% after falling as much as 6% in opening exchanges. Other Big Tech stocks followed suit, with Facebook parent Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) down 1.5% and N ...
Mastercard 4Q profit tops expectations; projects higher-than-expected expenses for 2024
Proactive Investors· 2024-01-31 16:35
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Starbucks rally continues as results not as bad as feared
Proactive Investors· 2024-01-31 14:51
Starbucks Corp (NASDAQ:SBUX) shares rose over 4% in early trading on Wednesday despite the global coffee shop chain lowering its outlook after the past quarter disappointed on sales and profits. Revenue for the past quarter, the first in its 2024 fiscal year, grew 8% year over year to $9.4 billion, which was short of the average Wall Street forecast of $9.6 billion. US like-for-like store sales grew 5%, with foot traffic up 1% and average customer payments rising 4%. International comparable sales increased ...
Apple not complying with App Store rulling, says Fortnite developer Epic
Proactive Investors· 2024-01-31 14:11
Fortnite developer Epic Games has accused Apple Inc (NASDAQ:AAPL, ETR:APC) of failing to fully comply with a court order that demanded changes to the Cupertino megacap’s App Store policies. Apple, following a directive by the US Supreme Court on January 16, had agreed to let third-party apps in the US include an external link for in-app purchase payments. However, Epic Games has raised objections, stating that while Apple has implemented this change, it continues to demand a commission of up to 27% on purch ...