Neuralink, a company focused on developing neural-interface technology, has witnessed a significant increase in its valuation, reaching $5 billion. Despite recent FDA approval and successful secondary trades, Neuralink faces challenges such as scrutiny for animal-welfare violations and an investigation by the Department of Transportation. In other news, Credit Suisse Group AG has lost three managing directors to rival firms, raising concerns about its future amid a pending takeover. Additionally, Apple Inc. experienced a decline in its shares following the announcement of its pricey Vision Pro mixed-reality headset, despite the company's overall success in the technology sector.
RmArM72N3_s
Neuralink, a company focused on developing neural-interface technology, has witnessed a significant increase in its valuation, reaching $5 billion. Despite recent FDA approval and successful secondary trades, Neuralink faces challenges such as scrutiny for animal-welfare violations and an investigation by the Department of Transportation. In other news, Credit Suisse Group AG has lost three managing directors to rival firms, raising concerns about its future amid a pending takeover. Additionally, Apple Inc. experienced a decline in its shares following the announcement of its pricey Vision Pro mixed-reality headset, despite the company's overall success in the technology sector.
RmArM72N3_s
RmArM72N3_s
Chip designer and computing firm Nvidia Corp beat expectations for third-quarter revenue on strong data center demand, while Cisco’s revenue forecast points to Steady technology spending. Elsewhere, the Head of General Motors Mexico foresees the country missing electric vehicle targets for 2030.
RmArM72N3_s
-Hgi400Hr3I
Walmart lifted its annual forecast and announced share buybacks that saw Shares climbing as much as 7%. Elsewhere, Broadcom is seeking EU Approval for its $61 Billion VMware takeover, and Apple Prepares to Get Made-in-US Chips in Pivot From Asia.
-Hgi400Hr3I
I3IR0sczzYk
In a rare significant foray into the technology sector, Buffett's Berkshire disclosed a $4.1 billion stake in Taiwan Semiconductor Manufacturing. Elsewhere, Microsoft’s Xbox released its first transparency report on Monday, detailing how the gaming giant moderates its 3 billion global players, and JD.Com fintech unit aims to win Beijing approval for HK IPO.
I3IR0sczzYk
sAfLyRtQXCs
Alibaba Group opted not to disclose the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009. Elsewhere, Amazon says it’s finally ready to start air-dropping packages and Disney plans to freeze hiring and cut some jobs.
sAfLyRtQXCs
dau0v8oLzn0
U.S. oil producer Occidental Petroleum increased by about 22% its estimated investment for the world's first large-scale direct air capture project and disclosed plans to build others. Apple supplier and iPhone assembler Foxconn warned consumer electronics revenue would fall this quarter, and Rivian sticks with its 2022 EV production target despite supply-chain snags.
dau0v8oLzn0
qrYsf8FG2i8
Walt Disney is seeking “meaningful efficiencies” after reporting results that fell short of expectations, while Theatre chain AMC desperately needs more blockbuster movies. Elsewhere, Novavax cut its full-year revenue forecast for the second time in three months, hurt by a global supply glut in COVID-19 vaccine and declining demand.
qrYsf8FG2i8
HvpO_1Yxoes
Call of Duty maker Activision Blizzard beats estimates, boosted by Mobile games, in stark contrast to rival Take-Two missing predictions in the wake of an industry-wide spending slowdown. Elsewhere, Nvidia Corp. has begun producing a processor for China that conforms to new rules aimed at limiting that country’s access to artificial intelligence computing.
HvpO_1Yxoes
Y_4aEWFHajc
Meta Platforms is planning to begin layoffs that will affect thousands of workers from this week. More positively, Ryanair posts record profit for its key summer season, and Warren Buffett's Berkshire Hathaway could soon see a boost to its bottom line after changing its accounting for its stake in Occidental Petroleum.
Y_4aEWFHajc
13bv5TdBljg
Etsy stock pops after beating revenue expectations while streaming giant Roku's shares plunge on a weak forecast. Elsewhere, Google is preparing an app that will use artificial intelligence to let consumers create images by typing a few words.
13bv5TdBljg
L3l_8SrN93I
Airbnb Shares Fall on Muted Fourth-Quarter Bookings Forecast despite having recorded its highest revenue and most profitable quarter yet. Elsewhere, Sony Group Corp. bumped up its fiscal-year profit outlook, and Johnson & Johnson, one of the world’s biggest makers of medical devices, said it would purchase Abiomed Inc. for about $17 billion.
L3l_8SrN93I
GiarqOJQiGs
Elon Musk says Twitter will revise how it verifies users just days after taking over the social media platform. Elsewhere, the output of Apple iPhones at manufacturer Foxconn could fall 30% due to COVID-19 curbs in China, while tech giants feel pain as cloud spending cuts suggest a slowdown.
GiarqOJQiGs
LGFyu6jhfFw
In the latest earnings round, Meta tumbled as sales forecast revealed the depth of ad-market weakness, while Ford narrowed annual profit projections to the lower end of the range. Elsewhere, shares of Boeing also fell after cutting 737 delivery goals on supply woes.
LGFyu6jhfFw
U_5eQ_rFhyc
The recent earnings gloom shows no signs of abating. Microsoft Corp. posted its weakest quarterly revenue growth in five years, and Google parent Alphabet signaled that it was bracing for tough times ahead. Elsewhere, Spotify tumbled as much as 10% after the music streaming giant warned of margin pressure.
U_5eQ_rFhyc
fwh27lfi_WU
US-listed Chinese stocks tumble as President Xi Jinping asserts full control in China and Warner Bros. Discovery Sees Up to $4.3 Billion of Restructuring Charges. Elsewhere, Apple Inc. updated its App Store guidelines for Crypto and NFT payments, provided those exchanges have the requisite regional licences to operate.
fwh27lfi_WU
ulHmDcQzt5Q
With earnings coming in hot, Hollywood can breathe a sigh of relief after the streaming leader, Netflix, added 2.4 million customers in the third quarter, and Johnson & Johnson beat analyst estimates. Elsewhere, United Airlines joined rival Delta Air Lines with a robust fourth-quarter outlook to capitalize on strong travel demand.
ulHmDcQzt5Q
vdhGEywCHj8
With earnings seasons in full swing, Goldman Sachs Group Inc is expected to announce a major reorganization of its business lines Tuesday, while Bank of America shrugged off recession concerns and raised its annual outlook for revenue. Elsewhere, Stellantis NV may stop manufacturing cars in China amid geopolitical tensions.
vdhGEywCHj8
gZ15_1zkAYw
PepsiCo signals resilient demand as price increases boost forecast, while Microsoft Corp. says Sony's bias on the $69 billion acquisition of Activision Blizzard swayed Britain's competition watchdog. Elsewhere in Biotech, Moderna Inc. rose the most in two months after Merck & Co extended its partnership with the company on a messenger RNA cancer vaccine.
gZ15_1zkAYw
G4N48fiCKog
Uber Technologies Inc. and Lyft Inc. tumbled after the Biden administration issued a proposal that could change how gig workers are classified. Elsewhere, Intel Corp. is planning a major reduction in headcount, and Google on Tuesday announced a broad swath of updates to its cloud offerings, aiming to capitalise on its strength in artificial intelligence.
G4N48fiCKog
GLXWvt3Z0Tk
Exxon Mobil Corp. is considering a takeover of Denbury Inc., while Netflix could haul in big bucks over the next few years from the launch of its first ad-supported tier. Elsewhere, PayPal received intense backlash after a policy update that read customers could pay $2,500 in damages for spreading 'misinformation."
GLXWvt3Z0Tk
yPdQ_B7eSOQ
Elon Musk and Twitter Inc may agree to end their litigation in the coming days, clearing the way for Musk to close his $44 billion deal for the social media firm. Elsewhere, General Electric is laying off workers, while Ford Motor is raising electric vehicle prices amid supply chain snags and inflation.
yPdQ_B7eSOQ
3cQvnr3dX3M
Supply chains and too much inventory continue to hammer Nike. Elsewhere, Intel Corp's self-driving unit Mobileye unveiled its filing for a U.S. initial public offering, testing support for a high-profile stock debut even as the market for new issues has virtually collapsed. Lastly, Tesla on Sunday reported it delivered 343,830 vehicles in the third quarter.
3cQvnr3dX3M
Im_8o8XKj4Q
Netflix stock surges on double upgrade as Wall Street cheers on ad tier, while Toyota's global vehicle production grew at a record pace, rising 44.3% in August. Elsewhere, Biogen shares soared on Wednesday on landmark Alzheimer's data, adding more than $10 billion to its market capitalization.
Im_8o8XKj4Q
4QwUfJIr6Jo
While analysts are preparing for disappointing results for Nike's first-quarter earnings report Thursday afternoon, Shares in Apple’s Asian suppliers extended losses on Wednesday after the firm told suppliers to pull back assembly efforts. In the latest Twitter-Musk news, Twitter's lawyer argues Musk has not backed up claims of fake accounts.
4QwUfJIr6Jo
qDfC2W0cpsk
Meta Platforms is quietly nudging out a number of staffers as it aims to tackle stalling growth via reorganization. Elsewhere, Qualcomm-backed drone maker IdeaForge Technology weighs a $125 IPO in India, while Chinese electric vehicle maker Xpeng reveals pricing and specs for its latest G9 flagship G9 electric SUV.
qDfC2W0cpsk
Xu-wbPyKuLQ
Boeing plans to cut about 150 finance jobs as the planemaker focus more on product development and manufacturing. Meanwhile, CVS and Walmart reached a $147.5 million opioid settlement in West Virginia over claims of lax oversight of prescription pills sold, and GM takes the slow lane in the great EV race.
Xu-wbPyKuLQ
fG08xtjVm9g
Nvidia is on sale, and Cathie Wood's ARK Investment Management LLC is a big buyer. Elsewhere, Nio's Hungary Plant ships its first Battery Swap Station to Germany while Ford sees inflation lifting quarterly supply costs about $1 billion higher than expected.
fG08xtjVm9g
Tq5NdNAmjzc
FedEx witnessed an $11 billion loss in market value last week after pulling its forecast, while Adobe investors are spooked by the design software company's latest acquisition of Figma. In more positive news, Apple counts on upscale shoppers as its latest iPhone hits stores Friday.
Tq5NdNAmjzc
eOoMY5iiiAo
In a rebuff to Disney, Comcast CEO Brian Roberts signaled that the company will seek market value for its minority one-third stake in Hulu. Over in China, Tesla is reevaluating how it sells electric cars, and Amazon opens the Email marketing Floodgates in the US to try to boost sales.
eOoMY5iiiAo
2LRiCrV8bG0
It's been a busy week so far for the US as the US Commerce Department signed a deal with Google to develop chips for researchers, and Senator Lindsay Graham thinks social media companies need a license to operate. Moving over to Roblox, Morgan Stanley believes its immersive ads execution will be challenging.
2LRiCrV8bG0
JwqTcS1UoVs
Over at the House of Mouse, Walt Disney Co on Sunday sketched the contours of a plan for how the entertainment conglomerate will use technology to enhance storytelling for the next 100 years. Investment banks are set to make a record-breaking $20 billion trading and financing commodities in 2022, and Warren Buffett buys more shares of Occidental Petroleum.
JwqTcS1UoVs
TOxrUEGIKOM
Meme stock favorite GameStop reported its latest quarterly earnings and announced its crypto partnership with FTX. Moving on to the automotive industry, General Motors is targeting China's urban elite to generate some buzz around its American brands, while Rio Tinto reached a definitive agreement with Canadian miner Turquoise Hill to acquire all its remaining shares.
TOxrUEGIKOM
eiYlT1D3gjQ
Watch the latest whistleblower investigations as the battle over Elon Musk's bid to end his $44 billion deal for Twitter Inc. continues. Elsewhere, CEO Sundar Pichai says Google is "pro-competitive," defending the company against claims of violation of antitrust laws, while Verizon still seems to attract investors despite a miserable 2022.
eiYlT1D3gjQ
Ga3suvhRxao
Beating Amazon.com to it, CVS Health Corp agreed to buy home healthcare services company Signify Health for about $8 billion in cash. Apple benefits from its iOS privacy change and turning to Russia - Deputy CEO Vitaly Markelov said Gazprom has started producing its first liquefied natural gas at a plant near the Nord Stream Pipeline.
Ga3suvhRxao
asqvarbTsNs
A General Motors and LG Energy Solution $2.3 billion JV battery production plant in Ohio has begun operations. Nvidia Corp. fell in late trading after warning that new rules governing the export of artificial intelligence chips to China may affect hundreds of millions of dollars in revenue, and Bed Bath & Beyond stock tanked over 20% after its latest press release.
asqvarbTsNs
JcfItbqj5mA
In the latest Netflix viewing, the streaming giant poaches Snap Inc's top executives to lead its advertising sales team. Ryanair remains 'hopeful' of profit returning to pre-COVID levels, while HP is still struggling with a post-pandemic PC hangover.
JcfItbqj5mA
8imU_lIwqK4
Keeping you up to date on supply shortages, Toyota Motor Corp.’s global output sank for the fourth straight month as the semiconductor drought hurt production. Shares of Plug Power surged as much as 14.7% after Amazon.com agreed to supply enough Green Hydrogen to run 30,000 forklifts and DELL exits Russia.
8imU_lIwqK4
iyBUuRyE_wc
Both Nvidia Corp. and Salesforce Inc. gave disappointing forecasts in their latest earnings reports, while Microsoft's Phil Spencer sees progress toward Activision deal approval.
iyBUuRyE_wc
p-iYlREaFfk
In a whistleblower complaint, former security chief Peiter Zatko accuses Twitter of misleading federal regulators about its defenses against hackers and spam accounts. Elsewhere, JPMorgan sees the S&P 500 hitting 4,800 by the end of 2022, while HBO Max scraps six upcoming projects as the cost-cutting frenzy continues.
p-iYlREaFfk
j6-QjjAA8qw
Zoom on Monday, cut its annual profit and revenue forecasts, while Ford Motor said it will cut a total of 3,000 salaried and contract jobs. Turning meme stock news, AMC Entertainment Holdings' shares tumbled nearly 30% after UK-based Cineworld's warning of a possible bankruptcy spooked investors.
j6-QjjAA8qw
LWxosEoU1CA
Asset manager BlackRock warned the U.S. Securities and Exchange Commission this week that its proposed rules aimed at fighting "greenwashing" by fund managers will confuse investors. Over at General Motors, the company is reinstating its dividend at a sharply reduced level, while UnitedHealth Group, Amazon, CVS Health, and Option C Health are all competing to acquire Signify Health.
LWxosEoU1CA
fuvPfShjgP4
In the latest earnings reports, Cisco Systems gave a positive forecast for first-quarter sales, while Target is betting heavily on a dramatic financial comeback the rest of this year. Elsewhere, IBM Spinoff Kyndryl Is Betting on Amazon, Microsoft, and Google for Growth.
fuvPfShjgP4
QBCDWLhgsSQ
Walmart Jumps Most Since 2020 After Tempering Gloom Over Profit and according to experts, 3M Faces $100 Billion in Losses From Veterans' Earplug Suits. We wrap the news broadcast up with Meme stock Bed Bath & Beyond, which soared 60% after investor Ryan Cohen's latest bet.
QBCDWLhgsSQ
sTb1JWIKS64
We are here today with everything that is important to know before the stock market begins a new trading day.
sTb1JWIKS64
h7LLKcYAg_o
We are here today with everything that is important to know before the stock market begins a new trading day.
h7LLKcYAg_o
SCL60RVfhqA
We are here today with everything that is important to know before the stock market begins a new trading day.
SCL60RVfhqA
JOXeLaeP8gw
We are here today with everything that is important to know before the stock market begins a new trading day.
JOXeLaeP8gw
qxLjxvKEXV8
We are here today with everything that is important to know before the stock market begins a new trading day.
qxLjxvKEXV8
D396FS35Gmg
We are here today with everything that is important to know before the stock market begins a new trading day.
D396FS35Gmg
MOHDkrHKrDs
We are here today with everything that is important to know before the stock market begins a new trading day.
MOHDkrHKrDs
vLWEXIns158
We are here today with everything that is important to know before the stock market begins a new trading day.
vLWEXIns158
fQ-gKqNrmf4
We are here today with everything that is important to know before the stock market begins a new trading day.
fQ-gKqNrmf4
47oJbEgT2p8
We are here today with everything that is important to know before the stock market begins a new trading day.
47oJbEgT2p8
QgHCTOJug7c
We are here today with everything that is important to know before the stock market begins a new trading day.
QgHCTOJug7c
GvKomibI8g8
We are here today with everything that is important to know before the stock market begins a new trading day.
GvKomibI8g8
eAkxUJHqAnQ
We are here today with everything that is important to know before the stock market begins a new trading day.
eAkxUJHqAnQ
qiVErpVgPc4
We are here today with everything that is important to know before the stock market begins a new trading day.
qiVErpVgPc4
2UfKLlFu9uE
We are here today with everything that is important to know before the stock market begins a new trading day.
2UfKLlFu9uE
1bjrKIooKMw
We are here today with everything that is important to know before the stock market begins a new trading day.
1bjrKIooKMw
4bjq6KAqp-Y
We are here today with everything that is important to know before the stock market begins a new trading day.
4bjq6KAqp-Y
ob4G6d2-4LY
We are here today with everything that is important to know before the stock market begins a new trading day.
ob4G6d2-4LY
kDAPr-Qt2z4
We are here today with everything that is important to know before the stock market begins a new trading day.
kDAPr-Qt2z4
rZdOVm7HM6g
We are here today with everything that is important to know before the stock market begins a new trading day.
rZdOVm7HM6g
oodApbZBeUs
We are here today with everything that is important to know before the stock market begins a new trading day.
oodApbZBeUs
ohoLKcrrf20
We are here today with everything that is important to know before the stock market begins a new trading day.
ohoLKcrrf20
5XRjIfBnO7s
We are here today with everything that is important to know before the stock market begins a new trading day.
5XRjIfBnO7s
All investments involve risks, including the possible loss of capital.
www.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
Read our Forms & Disclosures.
Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.