Stock Market Today: Markets Soar Amid Strong Earnings for Big Tech
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Apple's earnings will be flat ahead of AI-enabled iPhone
Investment analyst firm TD Cowen is predicting that Apple's next earnings call will show little growth, but says forthcoming AI features could prove significant. iPhone 15 Pro range Analysts such as JP Morgan in March 2024, and Morgan Stanley in November 2023, are consistently predicting that AI will boost Apple's iPhone sales. JP Morgan, though, has predicted that this boost will come in 2025 with the iPhone 17 range. Now in a note to investors seen by AppleInsider, TD Cowen repeats...
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US Stocks Rebound On Tech Earnings, London Hits New Record
Buoyant big tech earnings lifted US stocks on Friday while London scaled another peak as investors tracked a series of takeover bids for UK companies.The tech heavy Nasdaq led the way on Wall Street, adding more than two percent as traders shrugged off official data showing that a key measure of inflation favored by the US Federal Reserve had accelerated in March.The broader-based S&P added 1.0 percent while the Dow was 0.4 percent in the green as major European indices also rose.The markets had...
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Paramount Stock Rises Ahead of Earnings. CEO Bob Bakish May Depart.
were rising after reports said the company may oust CEO Bob Bakish as early as Monday as it explores a sale. The stock gained 5.1% to $12.52...