Tag: exercise

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U.S. Economy Grows at Slower-Than-Expected 2.3% in Q4

The US economy grew at a slower-than-expected 2.3% in Q4, below estimates. Consumer and government spending drove growth, while investment declines held back gains. Core PCE grew 2.5%, in line with estimates. Market expectations for Fed rate cuts in 2025 have diminished following the Fed's decision to hold rates steady.

Wells Fargo Co-CEO Jon Weiss to Leave After 20 Years

Wells Fargo's corporate and investment bank co-CEO Jon Weiss to depart after 20 years. Weiss will step down immediately and retire on June 1, with Fernando Rivas to become the sole leader of the unit.

US Stock Futures Rise on Earnings, Awaiting Apple Results and GDP Data

US stock futures rise as investors assess earnings and await Apple results; Tesla shares pop despite earnings miss, while Meta and Microsoft results mixed

DeepSeek's Threat to Tech Stocks: Nvidia Plunges, Microsoft and Apple Impacted

DeepSeek shakes up AI development, challenging assumptions and sparking concerns about tech valuations, particularly for Nvidia. Snowflake CEO analyzes the implications, highlighting potential risks and opportunities for Apple.

EU automakers seek path to electrification, compete with rivals

EU automotive leaders meet to discuss challenges and plan for electrification transition amid competition, economic threats, and regulatory pressure.

Meta's Q4 Earnings: Revenue Growth Slowdown Ahead, Expenses to Rise in 2025

Meta Fourth Quarter Earnings Beat Expectations, but Slowdown in Revenue Growth Forecasted

American Airlines Flight Collides With Helicopter Near Washington, D.C.

American Airlines flight collides with helicopter near Reagan National Airport; DC Police conducting search and rescue operation in the Potomac River.

ServiceNow Subscription Revenue Forecast Misses Estimates Amid Dollar, Monetization Shift

ServiceNow forecasts 2025 subscription revenue below estimates due to U.S. dollar strength and monetization shift, but expects to expand consumption-based model and introduce AI Agent Orchestrator.

Lam Research beats fiscal Q2 expectations

Lam Research surpasses Wall Street expectations during the fiscal second quarter, posting revenue of $4.38 billion and adjusted EPS of 91 cents per share.

DeepSeek Faces Data Protection Scrutiny: Italian Watchdog Requests Information

DeepSeek, a Chinese AI company, faces scrutiny from Italy's data protection watchdog over its handling of user data, including data of Irish citizens. Euroconsumers has filed a complaint, citing concerns about GDPR compliance. The Italian and Irish data protection authorities have sent letters requesting information on data processing practices and legal basis. DeepSeek's mobile app has been removed from app stores in Italy, but its website remains accessible.