Tag: Metalworking Machinery
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With Microsoft, Meta and Alphabet earnings hanging on AI, more investors are asking: ‘How are you going to pay for that?’
[ad_1] Shares of big tech companies have coasted through this year on AI euphoria, but as Microsoft Corp., Alphabet Inc. and Meta Platforms Inc. prepare to report results this week, some investors are starting to ask how much those AI advancements might actually cost. Those questions have surfaced after several months during simply saying “AI”…
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U.S. stock futures under pressure as Nasdaq’s best winning streak since 2019 seen coming to an end
[ad_1] U.S. stock index futures fell Friday as investors sought safety in bonds and the U.S. dollar in the wake of interest rate rises by international central banks to combat inflation that some fear could hamper economic growth. How are stock-index futures trading? S&P 500 futures ES00, -0.83% fell 34.50 points, or 0.8%, to 4,388.…
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Virgin Galactic stock tumbles, while CarMax and Conformis climb and other stocks on the move
[ad_1] Here are some of the biggest movers of the day ahead of Friday’s market open: Stock gainers: CarMax Inc. stock KMX, +0.03% is rallying 8.3% toward a nine-month high in premarket trading Friday, after the used car seller reported adjusted first-quarter profit of $1.16 a share, well above the FactSet consensus of 79 cents. Total…
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The U.K. stock market has turned into a wasteland as pension funds recoil. Why U.S. funds may pull back too
[ad_1] One of the less-told stories in financial markets is how the U.K. stock market has become something of a barren wasteland. On Citigroup’s numbers as of last week, U.K. stocks trade at a price-to-earnings ratio for 2023 of 10.6, compared to 20.7 in the U.S. and 17.2 globally. And while taking out high-flying techs…
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3M stock rallies after $10.3 billion ‘forever chemical’ settlement offered
[ad_1] 3M Co. shares rallied in the extended session Thursday after the materials and chemicals company said it would pay $10.3 billion to settle claims it was responsible for so-called “forever chemicals” in drinking water. The nickname refers to per- and polyfluoroalkyl substances, or PFAS, a group of a synthetic chemicals that do not easily…
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3M’s stock falls after Dutch minister holds company liable for PFAS damage
[ad_1] Shares of 3M Co. took a dive Wednesday toward the lowest close in more than 10-years, after investors were reminded that concerns over potential liabilities related to “forever chemicals” remained. The Dutch government said Tuesday that Mark Harbers, minister of infrastructure and water management, has officially held 3M liable for damage from perfluoroalkyl and…
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Here’s why investors should pay attention to this Warren Buffett move
[ad_1] Now that we’ve got U.S. inflation data out of the way, the path is wide open — to rev up worries over the debt ceiling. That’s as the S&P 500 index SPX remains a bit stuck, much as it has been since early April. Let’s face it, it’s been a long 2023 so far…
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Sonos stock tanks 21% after audio equipment maker cuts guidance on ‘softening demand’
[ad_1] Shares of Sonos Inc. dropped more than 20% in the extended session Wednesday after the maker of audio products beat Wall Street expectations for its fiscal second quarter but cut guidance for the year due to “softening consumer demand.” Sonos SONO lost $31 million, or 24 cents a share, in the quarter, swinging from…
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Apple is about to rain billions more on investors as cash position shrinks
[ad_1] It’s time for Apple Inc.’s annual cash bonanza. The smartphone giant traditionally updates its dividend and buyback policies in conjunction with its March-quarter earnings report, and analysts are expecting another big payday for investors when Apple AAPL posts results Thursday afternoon. Apple added $90 billion to its buyback program in… [ad_2] Source link
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These fund managers have held Microsoft since it was $5 a share. Here are 2 of their current lesser-known tech picks.
[ad_1] It’s a jittery setup for stocks on Tuesday, with results coming later from Microsoft and Google parent Alphabet, sandwiched by plenty of other big results and consumer confidence data. That brings us to our call of the day from Buffalo Growth Fund’s BUFGX (institutional ticker BIIGX) co-managers Dave Carlsen and Josh West, who talked…