Apple shares are on track for their worst month of 2023, despite the recent launch of the highly anticipated iPhone 15. The stock has been struggling, with no relief in sight. Current Status of Apple Shares In premarket trading on Thursday, Apple (ticker: AAPL) shares were slightly up by 0.3% at $169.99. However, the stock closed at its lowest level since early May the previous … [Read more...] about Apple Shares Head for Worst Month of 2023
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Supreme Court to Review Conflicting Laws on Social Media Content Moderation
The Supreme Court announced on Friday that it will review two contradictory lower-court decisions involving laws from Texas and Florida concerning how social media platforms moderate content. This case holds significant implications for major tech giants such as Meta Platforms (formerly Facebook), Alphabet's YouTube, TikTok, X, and other companies that enable users to share … [Read more...] about Supreme Court to Review Conflicting Laws on Social Media Content Moderation
Singapore Blank-Check Company to Acquire Taiwan Social-Entertainment Platform
Singapore-based blank-check company, Vertex Technology Acquisition, has announced plans to acquire the Taiwan-based social-entertainment platform, 17LIVE, for up to 925.1 million Singapore dollars ($677.2 million). If successful, this will mark the first acquisition of its kind in Singapore. The merger between Vertex Technology Acquisition and 17LIVE will create the first … [Read more...] about Singapore Blank-Check Company to Acquire Taiwan Social-Entertainment Platform
Renewi Expects Strong Performance for Fiscal 2024
Renewi, the London-listed waste-management business, recently announced its upbeat expectations for fiscal year 2024. The company projects that its performance will align with the board's expectations, with an added bonus of a significantly improved cash performance. Renewi anticipates its cash flow to exceed initial estimates by 10 million euros to 15 million euros ($10.5 … [Read more...] about Renewi Expects Strong Performance for Fiscal 2024
Dell Expects Steady Revenue and Profit Growth
In a recent meeting with securities analysts in New York, Dell Technologies reiterated its annual revenue growth expectations of 3% to 4%. Additionally, the PC and enterprise-hardware company raised its adjusted profit growth target to 8% or better, up from a previous forecast of 6%. This upward revision reflects Dell's confidence in its performance. The company also announced … [Read more...] about Dell Expects Steady Revenue and Profit Growth
Apple Stock Faces Challenges Ahead
As Apple prepares to release its fourth-quarter earnings report, industry experts are expressing concerns about the tech giant's future performance. Melius Research analyst Ben Reitzes, who holds a Buy rating on Apple stock with a target price of $240, highlights several key issues that the company needs to address. Pressure to Demonstrate Growth Despite having one of the most … [Read more...] about Apple Stock Faces Challenges Ahead
HP Inc. Forecasts Long-Term Revenue Growth
HP Inc., the PC and printer company, has revealed its long-term forecast for annual revenue growth and earnings per share (EPS). During a meeting with securities analysts in Palo Alto, California, the company stated that it anticipates a 2% to 4% increase in revenue year over year. Additionally, HP expects high single-digit percentage growth for EPS. Positive Market … [Read more...] about HP Inc. Forecasts Long-Term Revenue Growth
Inflation Woes for Senior Citizens
The latest inflation figures from the United States government are cause for concern, particularly for senior citizens. Social Security beneficiaries will only receive a 3.2% cost-of-living adjustment to their monthly checks starting in January, according to the program's administrators. This means that retired workers, who receive an average monthly check of $1,840, will only … [Read more...] about Inflation Woes for Senior Citizens
Corcel Receives Offer to Sell Mambare Nickel and Cobalt Project Stake
Corcel, the London-listed upstream oil-and-gas development company, announced that Integrated Battery Metals has proposed to acquire its 41% interest in the Mambare nickel and cobalt project in Angola for up to $4.1 million. Under the terms of the deal, Integrated Battery Metals has conditionally agreed to pay $1.6 million upon completion of the sale and purchase of Corcel's … [Read more...] about Corcel Receives Offer to Sell Mambare Nickel and Cobalt Project Stake
Ford Recalls Explorers Amidst Growing Sales
Ford Motor has announced a recall of its popular Explorer models, but this news has had little impact on the company's stock, which continues to rise. The National Highway Transportation Safety Administration recently issued a recall notice affecting 238,364 Ford Explorers manufactured between 2020 and 2022. Dated October 6, the recall notice may have taken a few days to appear … [Read more...] about Ford Recalls Explorers Amidst Growing Sales