Micron Technology, Inc. (NASDAQ:MU) reported better-than-expected second-quarter financial results and issued strong third-quarter guidance on March 20, 2024. Micron reported first-quarter revenue of $5.82 billion, which beat the consensus estimate of $5.342 billion. The company reported adjusted earnings of 42…
The London Stock Exchange has announced plans to launch a dedicated market for exchange-traded notes (ETNs) tied to Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), the two largest cryptocurrencies by market capitalization. The new market is scheduled to go live…
TD SYNNEX Corporation (NYSE:SNX) is expected to release earnings results for its first quarter, before the opening bell on March 26, 2024. Analysts expect the Fremont, California-based company to report quarterly earnings at $2.84 per share, down from $2.93 per…
Tesla Inc. seems to have initiated paid advertising on Instagram, marking its second promotional venture on a Meta Platforms Inc.-owned social media platform within less than a few days of commencing the same on Facebook. What Happened: Tesla investor and influencer Sawyer Merritt posted that Tesla…
Bitcoin (CRYPTO: BTC) prices took a tumble on Tuesday morning, dipping below $63,000 and dragging the entire cryptocurrency market down with it. This sudden drop resulted in an 8% decline in total market capitalization within a 24-hour period. Analysts are pointing…
Future Fund manager Gary Black has underlined how difficult it is to accurately ascertain the value that Tesla Inc.'s (NASDAQ:TSLA) Optimus humanoid robot project brings to the table. What Happened: Black reposted a two-minute-long video demonstration of Figure AI's humanoid…
In a bold move to bolster its electric vehicle market share, German automaker BMW (OTC:BMWYY) has rolled out a unique program offering a $1,000 incentive to certain EV owners to switch to BMW’s electric models. What Happened: As reported by CarsDirect, BMW has launched the…
EV maker Rivian Automotive (NASDAQ:RIVN) will reportedly discontinue the third shift at its Normal, Illinois plant starting next month in light of increased efficiency and subdued production outlook for FY24. What Happened: Rivian, which currently employs approximately 8,000 workers in…
U.S. stocks are on track to rebound on Wednesday after experiencing a pullback in the previous two sessions. Pent-up buying could lift heavily weighted tech stocks and, consequently, the broader market. However, several factors will influence the market’s direction. Investors will closely…
Global banking giant JPMorgan Chase & Co. (NYSE:JPM) has revealed that its AI Cash Flow Intelligence tool has significantly decreased manual human labor by nearly 90% for some of its corporate clients. What Happened: The AI tool, which was introduced…