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The Red Devils are having a terrible season and were eliminated from the top European competition on Tuesday, depriving the club of prize money, while the stake sale saga is ongoing
Google has lost its antitrust court battle filed by Epic Games three years ago. A California federal jury decided in favour of Epic Games, maintaining that Google has a monopoly in its app store’s distribution and payments market. Epic suggested that Google used its monopolistic position to squeeze out profit from app developers.
Companies are set to ramp up their investment in AI projects. This is according to Piper Sandler, who yesterday published it latest enterprise spending report, which asked chief information officers where they are planning to spend money. According to the report, “Enterprise AI spending intentions doubled from last year,” with AI ranking as the top category for investment.
The US oil and gas company announced an agreement to buy CrownRock following the recent M&A activity of giants Exxon and Chevron, cementing the consolidation trend of the energy market
AAPL.us is currently trading around $195, just shy of its all-time high, set in July, of $198.23.
The streaming market faced challenges over the last couple of years, but strategic initiatives by key players like Netflix create a growth runway and potential for better days in 2024
At its investor event yesterday, McDonald’s said that it is planning to open 10,000 new restaurants by 2027. This will bring the number of stores to 50,000 - it currently has more than 40,000 restaurants as per its latest quarterly filing.
Mastercard (MA.us) announced an increase in its dividend and another share buyback program. MA.us will raise its quarterly dividend to 66c (57c), which is a 16% increase. It will also repurchase $11bn of its own stock once its current $9bn plan is completed – there is $3.5bn still outstanding.
Spotify (SPOT.us) will lay off 17% of its workforce to cut costs. About 1,500 workers are affected, with this being the third round of layoffs for the year. This will considerably lower the spend on salaries and other employee associated costs.
General Motors (GM.us) stock is looking set to outperform Ford (F.us). The relative strength chart, with GM.us as the numerator and F.us as the denominator, has bullish developments. The green 5-week EMA has crossed bullishly above the orange 10-week EMA (blue circle) and the RSI has crossed to the bullish side of 50 (blue rectangle).
The EV leader started on Thursday deliveries of its futuristic Cybertruck, after multiple delays and production challenges, but focus shifts towards cheap and mass-produced EVs
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